Reddit's first quarterly earnings since going public: revenue and users increase
Reddit shares soared post-quarterly earnings, despite initial losses due to IPO expenses. Revenue up 48%, user traffic up 37%, aiming to grow revenue faster than costs. [ more ]
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 ]
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 ]