#financial-performance

#financial-performance

The video game retailer is closing stores in numerous states this month, according to local media reports, and emails and store signage shared by customers on social media, part of its ongoing effort to reduce costs and adapt to changes in shopping habits. The closures are not completely unexpected. In its third-quarter earnings report on December 9, GameStop said it had already closed 590 stores in the United States during the previous fiscal year as part of a "store portfolio optimization review."

We have started choosing candidates for our annual worst CEO list, and Evan Spiegel of Snap Inc. ( NYSE: SNAP) is the next candidate. An all-time winner will be selected later in the year. Before looking at the past year, it is worth remembering that Spiegel has been chief executive of Snap since 2011. Snap shares are down 84% in the past five years, 36% in the past year, and 27% year to date. His net worth, in the meantime, is approximately $2.5 billion.

On November 26, 2025, Pixelworks, Inc. held a Special Meeting of Shareholders to consider three proposals, including the sale of its subsidiary, Pixelworks Semiconductor Technology (Shanghai). The meeting was adjourned due to insufficient votes for Proposal 1, which required approval from 67% of outstanding shares. The meeting will reconvene on December 8, 2025, to allow more time for shareholders to vote. The Board and independent advisory groups support the proposal, which is seen as beneficial for the company and its stakeholders.

On November 10, 2025, MediaAlpha, Inc. appointed Ramon Jones to its Board of Directors, filling a vacancy in Class I. Jones, formerly the Executive Vice President and Chief Marketing Officer of Nationwide Mutual Insurance Company, brings over 25 years of experience in the property and casualty insurance industry. His expertise in digital marketing and customer acquisition is expected to bolster MediaAlpha's market-leading position.

"We've sold about 350 vehicles with the AI agent since we introduced it," Carpenter said. "Our sales agents keep asking who Lily is, because Lily is the name of the online agent who sold the car. The main purpose is to move customers further along the buying journey - so when they do need to interact with our team, we can answer questions faster and make the process more satisfying."

Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. A Target spokesperson told the Associated Press (AP) that the cuts represent around 8% of Target's global workforce, but the majority of employees affected work at the headquarters in Minneapolis. According to AP, Target's comparable sales dropped 1.9% in its second quarter, and its net income dropped 21%.

The title insurance industry continues to demonstrate resilience and reliability, even as the broader real estate market faces headwinds, said ALTA CEO Chris Morton. These results reflect not only strong financial performance, but also the vital role title professionals play in commercial real estate transactions alongside the residential housing market. Residential buyers, lenders and commercial real estate sectors all benefit from the stability and certainty title insurance protections provide every day.

CleanGo Innovations Inc. has announced a strategic partnership with Toronto-based Zing Bias Inc., a leading e-commerce, design, and public relations firm. This collaboration aims to accelerate CleanGo's sales growth and expand its global market presence through enhanced e-commerce optimization, digital marketing, and public relations strategies. The partnership is expected to elevate CleanGo's brand, refresh its retail product lines, and position the company for future growth, aligning with its mission to set industry standards for eco-friendly cleaning solutions.

The AI chipmaker reported record revenue of $16 billion, a 22% year-over-year increase, driven by a 63% surge in AI semiconductor revenue to $5.2 billion. Its infrastructure software segment, bolstered by the 2023 VMware acquisition, grew 43% to $6.79 billion. Broadcom's adjusted EBITDA hit $10.7 billion, up 30% from last year, reflecting robust profitability. The company also raised its Q4 revenue guidance to $17.4 billion, surpassing Wall Street's $17.02 billion estimate, with AI revenue expected to reach $6.2 billion.

Hamburger, who joined the UK leadership team in 2024, was responsible for overseeing franchising and delivery operations across Britain. She has now been promoted to managing director of McDonald's Netherlands. Her name frequently drew attention during her tenure - she once joked that "some things are meant to be," acknowledging the nominative determinism of running restaurants at a company famous for flipping burgers. "Hamburger has been my name my entire life too, so as you can imagine, it has always made people do a bit of a double take," she told The Times.

META's investing in AI has enabled its advertising business to grow significantly, generating $46.6 billion due to enhanced targeting and improved user engagement, reflecting a 21.5% annual increase.

Snap reported a 9% increase in revenue year over year, totaling $1.345 billion. Daily active users rose by 9% to reach 469 million.

Snap's stock has decreased more than 20% following a disappointing quarter, with revenue of $1.34 billion, a miss against analyst expectations of $1.35 billion.

In Q4, revenue, gross margin and operating margin were at the high end of our guidance ranges, earnings per share was above the guidance range and we delivered solid operating cash flow.