#financial-performance

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Cryptocurrency
Coindesk
1 day ago
Cryptocurrency

Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action Looms

Robinhood saw significant growth in crypto trading volume and revenue.
The company beat its first-quarter sales and earnings estimates.
Robinhood faces regulatory scrutiny from the U.S. Securities and Exchange Commission. [ more ]
Coindesk
1 week ago
Cryptocurrency

MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord

MicroStrategy cut its price target to $1,590 from $1,810 after acquiring more bitcoin and reporting a net loss due to digital asset impairment charges. [ more ]
Coindesk
1 week ago
Cryptocurrency

Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC

Alliance Resources mined 425 BTC using excess power, valuing it at $30 million [ more ]
moreCryptocurrency
Marketing
Investing.com Australia
4 days ago
Marketing

Earnings call: Aritzia reports steady growth and optimistic outlook for 2025 By Investing.com

Aritzia's net revenue rose 7% in Q4 to $682 million. Growth in U.S. and Canada, new boutiques, digital investment, inventory management, and increased margins are key highlights. [ more ]
TipRanks Financial
1 week ago
Marketing

Buy Rating on Thryv Holdings: Strong SaaS Growth and Strategic Financial Restructuring - TipRanks.com

Analyst maintains Buy rating on Thryv Holdings stock based on robust financial performance, SaaS revenue growth, debt restructuring, and stock repurchase plan. [ more ]
Investing.com Australia
1 week ago
Marketing

Earnings call: Viant Technology sees robust Q1 growth, CTV leads By Investing.com

Revenue grew 28% YoY to $53.4 million.
CTV and streaming audio ad spend driving growth.
Innovation with AI and Household ID technology.
Positive outlook for revenue and market performance. [ more ]
Benzinga
1 week ago
Marketing

Snap Finally Advances On The Ad Front - Snap (NYSE:SNAP)

Snap Inc's first quarter results demonstrate successful ad business rebuilding efforts with strong revenue growth and increased daily active users. [ more ]
moreMarketing
revenue-increase
Investing.com Australia
1 day ago
Marketing

Earnings call: Inuvo, Inc. posts strong revenue growth in Q1 2024 By Investing.com

Inuvo, Inc. showed a 44% year-over-year increase in revenue to $17 million in Q1 2024, targeting over $100 million annually. [ more ]
www.nytimes.com
2 weeks ago
Artificial intelligence

Meta's Profits More Than Double, While Spending on A.I. Rises

Meta reported a significant increase in revenue and profit in the first quarter and plans to increase spending on infrastructure for artificial intelligence. [ more ]
morerevenue-increase
alphabet
The Motley Fool
2 days ago
Artificial intelligence

Is It Too Late to Buy Alphabet Stock? | The Motley Fool

Alphabet's stock is undervalued due to impressive AI growth and strong quarterly results. [ more ]
The Motley Fool
1 week ago
Artificial intelligence

Meet the Newest Dividend Stock in the Nasdaq 100. It Could Be a $4 Trillion Company by 2030, With Help From Artificial Intelligence. | The Motley Fool

Alphabet is investing heavily in AI and may reach a market capitalization of $4 trillion by 2030. [ more ]
The Seattle Times
2 weeks ago
Tech industry

Own some Google stock? Look forward to a dividend check

Alphabet reported double-digit revenue gains from ads, announced a dividend payment, and plans for AI development. [ more ]
New York Post
2 weeks ago
Tech industry

Google's parent announces first-ever dividend, sending shares soaring: 'Breath of fresh air'

Alphabet's first dividend and stock buyback boosted stock value by 16%.
Alphabet's strategic move includes dividend payouts, buybacks, and focus on AI technology. [ more ]
TechCrunch
2 weeks ago
Tech industry

It's a sunny day for Google Cloud | TechCrunch

Google Cloud revenue soared in Q1 2024, exceeding expectations with a 28% increase fueled by demand for generative AI tools. [ more ]
9to5Google
2 weeks ago
Business

Alphabet reports Q1 2024 revenue of $80.5 billion

Alphabet reported $80.54 billion in revenue for Q1 2024, showing a 15% increase from the previous year. [ more ]
morealphabet
profitability
www.housingwire.com
2 days ago
Business

FOA records loss in Q1 but remains confident about improving profitability

FOA reported net losses in Q1 2024, but expressed confidence in strategic positioning and potential for sustained profitability in the future. [ more ]
www.housingwire.com
1 week ago
Business

Rocket delivers $291M profit amid improved margins and MSR acquisitions

Rocket Companies achieved profitability in Q1 2024 through cost reduction efforts and increased investments in AI. [ more ]
www.housingwire.com
2 weeks ago
Business

Pennymac posts first-quarter profit of $39M

Pennymac Financial Services earned a profit of $39.3 million in Q1 2024, showing improved performance compared to the previous quarter. [ more ]
moreprofitability
stock-market
New York Post
1 week ago
Tech industry

Apple stock rallies after record-setting $110B stock buyback, largest in US history

Apple's record-setting $110 billion share repurchase program boosted stock prices in premarket trading. [ more ]
The Motley Fool
1 week ago
Marketing

Is Meta Platforms Stock a Buy? | The Motley Fool

Investors question Meta's stock in 2024 despite past growth. [ more ]
The Motley Fool
2 weeks ago
Business

Here's What Was Wrong With Meta's Q1 Earnings Report | The Motley Fool

Meta Platforms experienced a stock price drop due to lower growth rate expectations in Q2 despite exceeding Q1 forecasts. [ more ]
The Motley Fool
1 month ago
Marketing

Why Perion Network Stock Plummeted Today | The Motley Fool

Perion Network's shares dropped over 40% due to weaker-than-expected Q1 results and reduced full-year outlook.
The decline was attributed to changes in advertising pricing by Microsoft Bing affecting search advertising volume and web video activity. [ more ]
morestock-market
Artificial intelligence
Fortune
1 week ago
Artificial intelligence

Amazon's generative AI business has hit a multi-billion dollar run rate that's reaccelerated cloud growth

Generative AI is driving multi-billion-dollar revenue for Amazon Web Services, accelerating growth and profitability. [ more ]
Theregister
2 weeks ago
Artificial intelligence

Meta's value plummets as Zuckerberg admits AI needs time

Meta's AI investments will take a while to pay off financially despite promising revenue and profit growth. [ more ]
moreArtificial intelligence
meta-platforms
The Motley Fool
1 week ago
Tech industry

In the Past 3 Years, Meta Platforms Lost $42 Billion in This Under-the-Radar Segment. Should You Still Buy the Unstoppable "Magnificent Seven" Stock? | The Motley Fool

Investors concerned about Meta Platforms' heavy investments into Reality Labs, leading to significant losses in a less-known segment. [ more ]
Stratechery by Ben Thompson
1 week ago
Artificial intelligence

Meta and Reasonable Doubt

Investors alarmed as Meta discloses increased spending and slower sales growth, leading to share drop. [ more ]
The Motley Fool
1 month ago
Marketing

Meta Platforms Stock Has 15% Upside, According to 1 Wall Street Analyst | The Motley Fool

Meta Platforms shows strong advertising growth and solid financial performance.
Wells Fargo analysts maintain an overweight rating and see potential for 15% upside. [ more ]
moremeta-platforms
Modern Retail
2 weeks ago
Marketing

How Lulus is marketing itself to a national audience

Lulus is using a new out-of-home campaign and in-person events to expand its customer base outside California. [ more ]
CityAM
3 weeks ago
Marketing

System1 to resume dividends after topping profit forecasts

System1 expects pre-tax profit of £2.8m for 2024, up £2.1m from 2023, leading to the resumption of dividends. [ more ]
Entrepreneur
1 month ago
Artificial intelligence

Riding the Wave of AI - NVIDIA's 2024 and Beyond Stock Analysis | Entrepreneur

NVDA's stock surged 218.1% in the past year due to the high demand for its AI-capable GPUs.
The growing need for AI capabilities in the tech sector is likely to keep driving demand for NVDA's GPUs. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Artificial intelligence

Investor perspective: Palantir emerging as clear winner

Palantir's AI software platform drives financial success.
Palantir's strategic focus and financial strength set it apart in the AI market. [ more ]
Cryptopolitan
2 months ago
Artificial intelligence

Zoom Exceeds Forecasts with Robust Earnings and Plans Share Buyback

Zoom reported quarterly earnings surpassing predictions, attributed to strong demand and strategic moves.
Announced stock buyback program and focus on AI integration highlight Zoom's commitment to financial health and future growth. [ more ]
revenue-increase
Above the Law
1 month ago
Law

In A Year Marked By Associate Deferrals, Top 50 Biglaw Firm Hits Record Revenue

Revenue reached an all-time high of $1.21 billion
Profits per equity partner increased by 7.6% to $1.6 million [ more ]
Above the Law
2 months ago
Law

Elite Biglaw Firm Celebrates Its Most Successful Financial Year In History

Hogan Lovells, a top Biglaw firm, had a record financial performance in 2023 after disappointing financials in 2022.
The firm's net revenue increased by 17%, profits per equity partner increased by 20.3%, and brand awareness in commercial markets played a key role in the turnaround. [ more ]
morerevenue-increase
Coindesk
2 months ago
Cryptocurrency

Bitcoin Bets Yield $207M in Gains For Jack Dorsey's Block

Block reported a significant remeasurement gain of $207 million on its bitcoin holdings in the fourth quarter.
Block saw a 90% increase in gross profit on bitcoin sales through Cash App, with a 37% year-over-year increase in total Bitcoin revenue. [ more ]
profitability
TechCrunch
2 months ago
Startup companies

Reddit files to go public - at last | TechCrunch

Reddit filed to go public, unprofitable but with growing revenue.
Despite improvements, Reddit remains unprofitable, relying on funding for operations. [ more ]
The Verge
3 months ago
Startup companies

Uber ends the year in the black for the first time ever

Uber reported an operating profit of $1.1 billion in 2023, compared to a $1.8 billion loss in 2022.
CEO Dara Khosrowshahi called 2023 an inflection point for Uber, proving it can generate strong profitable growth at scale. [ more ]
moreprofitability
The Verge
2 days ago
Tech industry

Uber's not out of the woods yet

Uber reported a surprise net loss of $654 million, attributed to legal settlements, equity investments, and decreased ride demand in key markets. [ more ]
ABC7 San Francisco
3 days ago
Tech industry

Disney's streaming business turns a profit in first financial report since challenge to Iger

Disney's streaming business turned a profit, with a positive outlook for future growth driven by Disney+, Hulu, and ESPN+ [ more ]
Fast Company
2 days ago
Tech industry

Lyft forecasts strong quarterly earnings driven by ride-hailing demand and new features

Lyft projects higher-than-expected gross bookings and core profit for the current quarter, driven by robust demand and cost-cutting measures. [ more ]
www.nytimes.com
1 week ago
Tech industry

Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China

Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially. [ more ]
TechCrunch
1 week ago
Tech industry

Apple: pay attention to emerging markets, not falling China sales | TechCrunch

Apple CFO addresses concerns over China revenue drop by highlighting growth in other emerging markets. [ more ]
WPXI
1 week ago
Tech industry

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon reported strong Q1 results with revenue of $143.31 billion, driven by cloud computing and Prime Video advertising, beating analysts' expectations. [ more ]
London Business News | Londonlovesbusiness.com
3 days ago
Business

BP reveals plans to deliver 1.6 billion in cost cutting

BP reported a drop in underlying replacement cost profit in the first quarter, aiming for extra cost savings and operational improvements. [ more ]
www.housingwire.com
23 hours ago
Business

Blend, now "debt-free," remains confident about reaching profitability by the end of 2024

Blend Labs reported a loss in Q1 2024 but aims for profitability by year-end with a $150 million injection from Haveli Investments. [ more ]
CityAM
12 hours ago
Business

Martin Sorrell's S4Capital places hope in AI as revenue slumps across the board

S4Capital reports revenue decline of 11.7% in the first quarter, mainly due to client caution and reduction in technology activity. [ more ]
TESLARATI
3 days ago
Business

Lucid reports $173 million in revenue and $684.7 million net loss in Q1

Lucid Motors reported Q1 earnings, showing improvement despite significant net losses. [ more ]
www.housingwire.com
1 week ago
Business

Title insurance executives are confident the Biden proposals won't come to much

Weaker financial performance of title segments due to rising mortgage rates and sluggish housing market. [ more ]
www.housingwire.com
2 weeks ago
Business

Financial results worsened for IMBs in 2023: MBA - HousingWire

IMBs faced record losses in 2023 on mortgage production, driven by increased costs and challenging market conditions. [ more ]
GameSpot
3 days ago
Video games

Nintendo Switch Sales Slide As Console Enters Its Eighth Year

Nintendo Switch sales declined in hardware and software in fiscal year 2024. [ more ]
GameSpot
1 month ago
Video games

Here's How Much Cyberpunk 2077 Has Earned So Far

CD Projekt's Cyberpunk 2077 has rebounded financially, earning over $752 million USD since its troubled launch in 2020.
Despite initial challenges, Cyberpunk 2077 sold 13 million copies at launch and more than 25 million copies overall by the end of 2023. [ more ]
www.gamespot.com
1 day ago
Social justice

Suicide Squad: Kill The Justice League's "Disappointing" Release Led To A $200 Million Shortfall For Warner Bros.

The poor financial performance of Suicide Squad: Kill the Justice League had a significant impact on Warner Bros. Discovery, comparing unfavorably to the success of Hogwarts Legacy. [ more ]
London Business News | Londonlovesbusiness.com
1 week ago
Business intelligence

Amazon exceeds market expectations

Amazon's exceptional first-quarter results were driven by the robust performance of its cloud business, particularly due to the increasing demand related to artificial intelligence (AI). [ more ]
London Business News | Londonlovesbusiness.com
2 months ago
Business intelligence

Nvidia has a market cap of $1.83 trillion

Nvidia's shares have experienced a significant rise, driven by the boom in artificial intelligence applications.
Nvidia's advanced chips and ability to respond to growing demand for cloud services and large internet corporations are contributing to its strong financial performance. [ more ]
Entrepreneur
2 months ago
Business intelligence

Coke's financial fizz: Q4 earnings sparkle amidst market shakes | Entrepreneur

Coca-Cola's Q4 revenue surpassed expectations at $10.80 billion, showing a 6.9% growth from the previous year.
The company's organic revenue rose by 12%, operating income increased by 10%, and comparable currency-neutral operating income rose by 20%. [ more ]
www.dw.com
1 week ago
JavaScript

Lufthansa sees 'turning point' after Q1 marred by strikes DW 04/30/2024

Lufthansa is focusing on cost-cutting measures post-strikes, anticipating a positive turnaround as it heads into a busier summer season. [ more ]
TipRanks Financial
2 weeks ago
Growth hacking

Buy Rating for Snap Inc. Amidst Strong Advertising Growth and Expanding Revenue Streams - TipRanks.com

BMO Capital analyst reiterated a Buy rating on Snap with price target of $20.00, citing strong growth potential.
Snap experienced significant ad revenue growth, increase in SMB adoption, robust Snapchat+ subscriber numbers, and product improvements.
Focus on re-engaging North American users, cost efficiency, and positive revenue forecasts indicate promising financial performance for Snap. [ more ]
TipRanks Financial
2 weeks ago
Growth hacking

Snap Inc.: A Balanced Market-Perform Outlook Amidst Growth and Challenges - TipRanks.com

Snap's financial performance and future outlook present a mix of positive developments and ongoing challenges, with concerns around sustainability of revenue growth and user base expansion. [ more ]
Createsend
2 weeks ago
Canada news

Logistics Report: Logistics Going Direct; Cloud-Based Bottlenecks; African Railroad Strategy

Transportation sector shows mixed financial performance in Q1. [ more ]
The Globe and Mail
1 month ago
Canada news

Unrest in commercial real estate that detracted from otherwise solid performance has settled, hopes IMCO CEO

IMCO's real estate portfolio suffered a 13% loss in 2023, but the CEO is hopeful for a turnaround.
IMCO is shifting focus from office and retail real estate to multi-residential and logistics properties for better performance. [ more ]
www.cbc.ca
1 month ago
Canada news

Dollar Tree is closing nearly 1,000 U.S. stores a decade after 'botched' acquisition | CBC News

Dollar Tree reports Q4 loss and plans to close 1,000 U.S. stores, mainly Family Dollar stores due to acquisition challenges. [ more ]
Fast Company
2 weeks ago
Austin

Tesla layoffs update: California and Texas employees will see job loses as the EV maker moves to streamline its workforce

Tesla announced more than 10% global workforce reduction, with California and Texas being hit hardest, revealing details through state filings. [ more ]
London Business News | Londonlovesbusiness.com
2 weeks ago
Data science

Is NASDAQ (NDAQ) stock a buy or sell? Deciphering the signals

Nasdaq is both a market operator and a publicly-traded company. AltIndex assigned a high AI score of 68 to NDAQ indicating strong potential. [ more ]
www.npr.org
2 weeks ago
Cars

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

Tesla reassures investors about long-term growth despite recent setbacks and challenges. [ more ]
www.nytimes.com
3 weeks ago
Tech industry

Netflix Added More Than 9 Million Subscribers in First Quarter

Netflix added 9.3 million subscribers in Q1 2024, with strong financial performance and a focus on expanding content and audiences. [ more ]
ESPN.com
1 month ago
Chelsea

Big-name transfers help Brighton to $150M profit

Profit jumped to £122.8M due to player sales and management compensation
Solid financial platform established for future squad investment [ more ]
BBC Sport
1 month ago
Soccer (FIFA)

Brighton make record 123m profit after fine season

Brighton announced record profit of £122.8m, up from £24.1m annually.
Turnover hit a new high at £204.5m with a 17.2% increase. [ more ]
Entrepreneur
1 month ago
Marketing

You Need to Make These 5 Moves Before Selling Your Business | Entrepreneur

Embrace technology and digital transformation for higher valuations in business sale.
Strengthen financial performance is crucial for attracting prospective buyers. [ more ]
ABA Journal
1 month ago
Law

This BigLaw firm surpasses $7B in revenue, but that's not metric being watched by many firms

BigLaw firm Kirkland & Ellis surpasses $7B in revenue for 2023.
Firms focus on metrics like revenues per lawyer and partner rather than just total revenue size. [ more ]
Above the Law
1 month ago
Law

That's A Whole Lotta Nonequity Partners

The nonequity tier of partnership at a Biglaw firm saw a 51% increase in 2023.
The firm mentioned had exceptional financial performance in the prior year. [ more ]
Above the Law
2 months ago
Law

Things Are Looking Up Financially For Biglaw In 2024

Law firms saw positive financial performance in 2023, with increased average revenues and profits per equity partner.
The industry is optimistic about 2024 due to the continued performance of certain practice areas and the anticipated rebound in transactional practices. [ more ]
Above the Law
3 months ago
Law

Am Law 200 Firm Hires COO In Order To Adopt A Biglaw Success Model

Eckert Seamans Cherin & Mellott has hired a chief operations officer after going without one for 10 years.
The firm is looking to adopt Big Law strategies to improve its management structure and financial performance. [ more ]
Above the Law
3 months ago
Law

Milbank Spread The Wealth Through Salary Increases Because 2023 Was A Record Financial Year For The Firm

Milbank raised salaries to $225K baseline after a record-breaking year in 2023, with revenue growing by 17.8% to $1.514 billion and profits per equity partner jumping 18.6% to $5.114 million.
Milbank's success was driven by increased workload across the firm, with practices like private equity, energy and infrastructure, restructuring, and litigation seeing significant gains in 2023. [ more ]
therealdeal.com
1 month ago
LA real estate

Rexford Buys 48 Warehouses From Blackstone for $1B

Rexford Industrial Realty acquired 3 million square feet of industrial properties in Southern California from Blackstone for $1 billion.
Proceeds from corporate debt sales and cash on hand were used for the acquisition, skipping mortgage collateralization. [ more ]
therealdeal.com
3 months ago
LA real estate

Mall Owner Macerich Posts 3,600% Profit Jump in Q4

Macerich reported a net income of $62.2 million in Q4 of 2023, a significant increase from the previous year.
Macerich closed refinancing deals on some of its debt and had a high occupancy rate in its portfolio at the end of 2023. [ more ]
Startup companies
TechCrunch
1 month ago
Startup companies

Stripe's growth continues to impress as total payment volume tops $1T | TechCrunch

Stripe crossed $1 trillion total payment volume in 2023, with 25% growth.
Stripe is 'robustly cash flow positive' and may not need to raise more capital before going public. [ more ]
TechCrunch
2 months ago
Startup companies

Profitable car rental service Turo is still ready for an IPO, but its growth cratered in 2023 | TechCrunch

Turo's financial performance showed notable revenue growth, positive operating income, and net profit in recent years.
Turo's growth rate has decelerated in the last two years, making the timing of its IPO uncertain amid fluctuating tech valuations. [ more ]
euronews
2 months ago
Startup companies

Reddit files for initial public offering, privileging active users

Reddit set to make stock market debut in March
Users and moderators of Reddit will have the opportunity to buy shares in the IPO [ more ]
www.nytimes.com
2 months ago
Startup companies

Reddit Files to Go Public, in First Social Media I.P.O. in Years

Reddit filed for IPO with revenue up 20% and 73 million daily users.
Social media industry evolving post scrutiny; Reddit's IPO highly anticipated. [ more ]
www.theguardian.com
2 months ago
Startup companies

Reddit files for initial public offering ahead of stock market debut

Reddit filed for IPO with SEC for NYSE listing under ticker RDDT.
Reddit reported $90.8m losses in 2023, with an ARPU of $3.42. [ more ]
moreStartup companies
RAIN News
2 months ago
Podcast

iHeartMedia Q4: Digital Audio Group continues to uplift revenue story - RAIN News

Digital Audio Group showed growth while Multiplatform Group declined.
Podcast revenue was a significant contributor to the Digital Audio Group's positive performance. [ more ]
Theregister
2 months ago
Artificial intelligence

Dell share price jumps 16% on mention of AI server backlog

AI-optimized servers driving Dell's stock price up
Dell's strategic focus on AI and operational adaptability [ more ]
RAIN News
2 months ago
Music

"Strong growth across all segments" -- UMG releases earnings and predicts layoffs - RAIN News

UMG reported strong financial performance in Q4 and full-year 2023, with revenue growth and high stock trading.
UMG highlighted the success of artists like Taylor Swift and The Rolling Stones, emphasizing financial, creative, and strategic achievements. [ more ]
www.independent.co.uk
2 months ago
UK news

Relax planning laws and build build build, says banking chief (or similar)

Stuart Haire transitioned from HSBC to Skipton Building Society despite differences in size and status.
Skipton Building Society boasts diverse businesses and impressive financial performance under Haire's leadership. [ more ]
Poynter
2 months ago
Media industry

Gannett's 2024 priorities include 'rebooting' small newsrooms and keeping voters informed - Poynter

Gannett aims to increase digital revenue to 55% by 2026
Focus on growing digital audience and revenues for future sustainability [ more ]
TipRanks Financial
2 months ago
Marketing

Strong Financials and Strategic Positioning Warrant a Buy Rating for LiveRamp Holdings - TipRanks.com

Macquarie analyst maintains Buy rating on LiveRamp Holdings
LiveRamp's strong financial performance and strategic advantages contribute to the bullish outlook [ more ]
Investing.com South Africa
3 months ago
Marketing

Earnings call: Trivago posts Q4 revenue dip, plans for brand growth

Trivago's Q4 2023 revenue fell by 13% year-over-year to €91.7 million.
Net income stood at €2.5 million, with adjusted EBITDA at €7.3 million. [ more ]
Investing.com Australia
3 months ago
Marketing

Earnings call: The New York Times reports strong digital growth in 2023 By Investing.com

The New York Times added 880,000 net new digital subscribers in 2023, totaling nearly 10.4 million.
Annual digital subscription revenue exceeded $1 billion for the first time. [ more ]
Investing.com South Africa
3 months ago
Marketing

Earnings call: The New York Times reports strong digital growth in 2023

The New York Times added 880,000 net new digital subscribers in 2023, totaling nearly 10.4 million.
Annual digital subscription revenue exceeded $1 billion for the first time. [ more ]
www.nytimes.com
3 months ago
Tech industry

Ford Reports Quarterly Loss but Says Sales Grew

Ford Motor reported a loss of $526 million in the final quarter of 2023, mainly due to special charges related to pension programs and overseas operations.
The company's revenue for the fourth quarter increased to $46 billion, thanks to strong sales of internal-combustion vehicles and light commercial trucks. [ more ]
The Drum
3 months ago
Marketing

Publicis leads the big six (for now). Here's how it managed to defy holdco malaise

Publicis Groupe has achieved strong financial performance with 6.3% organic revenue growth, while its competitors like WPP have struggled with only 0.9% net revenue growth.
Publicis's success can be attributed to the strength of its media businesses, data specialist Epsilon, and its creative agencies, as well as growth in all geographic areas. [ more ]
Exchangewire
3 months ago
Marketing

Meta & Amazon Report Surging Profits; Threads Users Rise to 130 Million; YouTube Remains Online Video Leader

Meta and Amazon reported surging profits in Q4 2023.
Threads saw a significant increase in monthly users, reaching over 130 million in Q4 2023. [ more ]
London Business News | Londonlovesbusiness.com
3 months ago
London

Urban Pubs & Bars announce 6.4 million group profitability

Urban Pubs & Bars reported a group EBITDA of £6.4m for the year-ended April 30, 2023, an 11% improvement from the previous year.
The leisure group saw like-for-like sales increase by 17% and turnover rise by almost 60% to £52.2m. [ more ]
GSMArena.com
3 months ago
Tech industry

Microsoft's Q2 report is out: gaming brought more money than Windows

Gaming revenue has surpassed Windows revenue as Microsoft's third largest revenue stream.
The acquisition of Activision-Blizzard has had a positive impact on Microsoft's financial performance. [ more ]
Investing.com South Africa
3 months ago
Marketing

Pro Research: Wall Street eyes Snap Inc's strategic ad tech revamp

Snap has faced challenges in advertising but recent developments suggest a turning tide
Strategic partnerships, machine learning improvements, and cost discipline have enhanced Snap's performance [ more ]
www.caughtoffside.com
3 months ago
English Premier League

Six Premier League clubs in Deloitte Rich List Top 10

English Premier League clubs dominate the Deloitte Football Money League, with six teams in the top 10 and eight in the top 20.
Real Madrid has overtaken Manchester City to become the wealthiest club in the world, helped by the easing of Covid-19 restrictions. [ more ]
Entrepreneur
3 months ago
Europe politics

Johnson and Johnson: Q4, courtrooms and cutting-edge science | Entrepreneur

Johnson & Johnson demonstrated solid financial performance in 2023 with a significant increase in annual sales and operational growth.
Despite the growth in sales, the company faced a downturn in net earnings and EPS due to various factors. [ more ]
Engadget
3 months ago
Privacy professionals

Apparel supplier for North Face, Vans admits its cyberattack led to a data breach of 35 million customers

VF Corp admits to data breach impacting up to 35.5 million customers
The company insists that the incident won't hurt its financial performance [ more ]
www.fastcompany.com
3 months ago
Marketing

How Abercrombie went from America's most hated retailer to a Gen Z favorite

Abercrombie & Fitch underwent a transformation in recent years, reimagining its target customer and supply chain.
The brand's financial results have shown significant improvement, with 285% stock market growth in 2023. [ more ]
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