The company only recently crossed into annual profitability, reporting its first full-year profit in 2025. Now, it has to prove that profit wasn't just a cost-control story, but is something that can keep growing. The company's revenue rose 7% to 7.47 billion yuan ($1.08 billion) in the first quarter, led by a 30% rise in advertising revenue to 2.59 billion yuan. Daily active users rose 8% to 115.2 million, with average daily time on the service at 119 minutes.
Uber’s board convened over the weekend to consider increasing its takeover offer for Delivery Hero. The ride-hailing and delivery giant recently approached one of the German food delivery group's largest shareholders with a €38-a-share bid (£32), which would have valued the company at more than €11.5bn (£9.8bn). Following a rejection of this initial approach, the San Francisco-based firm is now deliberating whether to sweeten the deal to push the acquisition through.
The Australian internet advertising market recorded its strongest March quarter, up 15.3 per cent to $4.9 billion, according to the IAB Australia’s Internet Advertising Revenue Report prepared by PwC. The result is within 1 per cent of the record December 2025 quarter, effectively eliminating the traditional seasonal March quarter pullback.
Shares fell from $266.90 at the November filing to $151.50 by late February, even as Zscaler beat on both lines. The stock has since rallied, climbing 27.84% over the past month to $188.82, though it remains down 18.92% year to date.
Interesting that in “Ask Gemini” side panel in Chrome users can mark each citation URL as helpful or not helpful cool but not cool given it's “Helpful” word which of course haven't proven to be right PR strategy for Google, Gagan Ghotra on X
The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they could use AI to target ads based on conversations consumers had near their smart devices, the agency said on Thursday.
