Revenue -- $78.9 million, up 4.2% year over year and 5.2% quarter over quarter, surpassing the high end of the $76 million to $78 million guidance range. Adjusted EBITDA -- $13.7 million, representing 17.4% of revenue; exceeded guidance of 14%-15% margin and marks the ninth consecutive quarter of positive adjusted EBITDA. Active Subscribers (Quarter-End) -- 129,073, a decline of 6.2% year over year; average active subscribers were 137,455, down 2.8% from the prior year.
Glastonbury Festival has reported a rise in profits after a strong year that featured performances from global stars including Dua Lipa and Shania Twain, enabling millions of pounds to be channelled into charitable causes. Accounts filed at Companies House show that Glastonbury Festival Events Limited, the operating company behind Glastonbury Festival, increased revenues to £75.2 million in the year to March 31, 2025, up from £68.4 million the previous year. Pre-tax profits climbed to £7.7 million, compared with £5.9 million in 2024.
New accounts show that Breanagh Catering Ltd, the company overseeing the celebrated nightclub, had revenues of €11.7m, down from €11.78m, in the 12 months to the end of January 31. New accounts for Cathal and Paula Jackson's company record nightclub and bar sales of €10.45m, which was down marginally on the €10.46m under that heading in the prior year.
Coming out of last year we had an important shift in strategy. We'd realised that going out to Q4 [1 November 2024 - 31 January 2025] our product innovation had accelerated to the point where it was putting a burden on our sales organisation to have to sell all products to all people.
Rangers have posted losses of 14.8m - down from 17.2m - in their accounts to year-end June 2025, despite record revenues of 94.1m, which are up 7% from 88.3m. The Ibrox club's annual accounts highlight reduced operating expenses - down 4% to 92.2m - and a 2.7m profit before player trading, which is up from a loss of 2m in 2023-2024 and a loss of 10.5m in 2022-23.
After a short delay, Ubisoft has posted its first-half earnings figures for 2025-2026. The company says that its Q2 net bookings exceeded expectations and its deal with Tencent to invest $1.2 billion in Vantage Studios--a new subsidiary focused on its three main franchises--is expected to close within a few days. Ubisoft says that its Q2 net bookings were up 39% year-on-year, driven by stronger-than-expected performance across its games catalogue and TV projects.
Xiaomi has published its Q3 2025 financial report and the numbers are glowing - this is the fourth consecutive quarter with more than CNY 100 billion in revenue. Xiaomi's smartphone business is well established at this point and it continues to perform - the company shipped 43.3 million units globally, which marks the 9th consecutive quarter of growth. Globally, Xiaomi is in the Top 3 and it is #2 in China.
What mattered more than the headline miss was what the numbers revealed about the underlying business: electrolyzer revenue surged 46% sequentially, but the company's gross losses actually narrowed. That's the real story here. The GenEco electrolyzer segment delivered the quarter's bright spot. Revenue hit $65M, up 46% from Q2 2025, with over 230 MW of electrolyzers now mobilized globally. This is exactly what management has been banking on to drive future profitability. The segment's sequential growth suggests real commercial traction in hydrogen production equipment.
An October equity offering raised approximately $514 million (with net proceeds of $576 million), but investors who were diluted by the move didn't like that the offering was priced 11% below where the stock had been trading. Its just released Q3 report also showed a much wider-than-expected loss of $0.48 per share compared to consensus estimates of $0.19, highlighting investor concerns over ongoing cash burn and delayed profitability.
IonQ (IONQ) expects third quarter revenue of $27M and full year 2025 revenue of $91M, more than doubling sales year over year. IonQ raised $1B in equity and holds $1.6B in cash, making it the best capitalized pure play quantum computing company. IonQ's collaboration with AstraZeneca and NVIDIA delivered a 20x performance boost in drug development workflows, demonstrating practical quantum utility. Nvidia made early investors rich, but there is a new class of 'Next Nvidia Stocks' that could be even better; learn more here.
Medicare Advantage enrollment jumped 32% year over year to 106,323 members, the clearest sign that Clover's technology-first model is resonating with both brokers and beneficiaries. Revenue growth of 34% from the prior year quarter underscores how scale is driving top-line expansion. What matters here is that the company achieved this growth during what management called a "3.5 star payment year," meaning reimbursement rates were compressed. That's a meaningful distinction.
Japanese video-game maker Nintendo's net profit jumped 85% in April-September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June, the company said Tuesday.Nintendo, based in Japan's ancient capital of Kyoto, said its profit for the half-year totaled 198.9 billion yen, or $1.3 billion, up from 108.6 billion yen the year before.
PennyMac posted net revenues of $632.9 million in Q3 2025, up 42% on a quarterly basis and 54% higher on a yearly basis. Expenses rose 8% between the second and third quarters to reach $396.5 million. PennyMac Financial delivered outstanding financial and operational results in the third quarter, with an 18 percent return on equity, David Spector, the company's chairman and CEO, said in a statement.
While revenues have finally recovered to stand 17% higher than that period, the group has 85 fewer pubs. This results in sales per pub which have increased by 29%, but in terms of profit that progress has been largely obliterated by growth of 57.8% and 34.5% in energy and wage costs respectively. More broadly, the continuing closure of many pubs across the country opens opportunities for Wetherspoon, although the group is understandably cautious of opening any new pubs which may not meet its financial hurdles.
Tara brings a powerful combination of industry expertise, strategic vision, and customer focus, Sally Tyler, the president of First American Title, said in a statement. She's ideally suited to drive strategic growth planning across the enterprise and accelerate our multi-brand strategy. Smith is not a newcomer to First American, having joined the firm in 2024, serving as a direct title group executive. Prior to this, she served as group president at Stewart Title, leading its title agency group.
Salesforce has slashed another 4,000 jobs from its customer support workforce as the tech giant doubles down on artificial intelligence, even as the company reports strong financial results. The latest layoffs gutted Salesforce's customer service division, reducing its headcount from 9,000 to 5,000. AI agents now reportedly handle about one million customer conversations. list of 4 itemslist 1 of 4list 2 of 4list 3 of 4list 4 of 4end of list In a recent episode of The Logan Bartlett Show, CEO Marc Benioff justified the cuts by saying he needs less heads as Salesforce invests heavily in AI across its operations.
Lesi Group Limited announced its interim results for the first half of 2025, showing a significant increase in revenue by 127.3% compared to the previous year, despite a decrease in net profit by 62.6%. The company is focusing on enhancing its marketing services and expanding its capabilities in the mobile advertising market, aiming to strengthen its competitiveness and improve advertising campaign effectiveness amid a recovering macroeconomic environment.
In the second quarter of 2025, JOYY's revenue reached US$ 507.8 million, representing 2.7% quarter-over-quarter growth. Its livestreaming revenue grew 1.1% quarter over quarter, while non-livestreaming revenue achieved 25.6% year-over-year growth, contributing 26.1% of total revenues. The Company's non-GAAP 1 EBITDA reached US$48.2 million, growing by 25.7% year over year and 19.3% quarter over quarter. JOYY's GAAP and non-GAAP 1 net profit in the second quarter increased approximately 16.8% and 3.9% year-over-year to US$60.8 million and US$77.0 million, respectively.
Total net revenues-- Total net revenues were RMB 7.3 billion in the second quarter, up 20% year over year, with games and advertising as the main growth drivers. Games revenue-- Increased 60% year over year to RMB 1.6 billion, propelled by new seasons of the SLG title and celebration events. Advertising revenue-- Grew 20% year over year to RMB 2.4 billion, supported by AI integration, enhanced ad infrastructure, and an increased advertiser base.
Palantir saw 53% growth in revenue from US government contracts in the second quarter of 2025 compared with the same period the year prior and surpassed $1bn in total quarterly revenue for the first time.
Meta closed the second quarter of fiscal 2025 with excellent financial results, including sales growing 22% to $47.5 billion and operating margins rising 500 basis points to 43%. (meta) The firm's capital expenditures for 2025 are expected to reach $69 billion, up from previously estimated $68 billion. Meta's primary ad business continues to churn out billions of dollars in free cash flow, which the firm is spending on its artificial intelligence ambitions. (meta) Investors have been concerned this year about macro headwinds and their impact on Meta's digital ad sales, but the firm's ad business shows resilience, buoyed by superior return on ad spending attracting customers. (meta) We attribute its resilience to Meta's strategy of using AI tools, leading to increased user engagement and monetization on social media platforms. Meta saw growing interaction via AI creative tools, more time spent on Instagram and Facebook, and improved ad recommendations resulting in higher conversion rates. (meta) Our fair value estimate for Meta is raised to $850 from $770, factoring in strong quarterly performance and AI-led growth in engagement and ad monetization. (meta) Shares trading sharply higher, we view them as marginally undervalued relative to the updated fair value. (meta) With saturated ad spaces on Instagram and Facebook, Meta has started ads on Threads and WhatsApp to increase ad supply and boost sales over time.
