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July 1, 2022

REVENUE

Netflix lays off 300 more employees as revenue growth slows

CNBC
CNBC – For more and to sign up click here Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin |......

Spotify expects to reach $100 billion in revenue in 10 years

Reuters
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Spotify Technology SA (SPOT.N) on Wednesday said it expects......

American Airlines raises revenue forecast on robust travel demand

Reuters
An American Airlines Boeing 737 jet sits at a gate at Washington’s Reagan National airport with the U.S. Capitol building in the background as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace......

Microsoft cuts quarterly forecast for revenue, profit on forex hit

Reuters
Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 2 (Reuters) – Microsoft Corp (MSFT.O) on Thursday cut its fourth-quarter forecast for......

GameStop quarterly revenue beats estimates on higher demand for video games

Reuters
People walk by a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register June 1 (Reuters) – GameStop Corp (GME.N) reported first-quarter revenue that exceeded market expectations on Wednesday, as the video game retailer pivots toward a more online-focused......

Delta raises revenue forecast on higher demand and fares

CNBC
CNBC – For more and to sign up click here Delta airplanes are seen at John F. Kennedy International Airport during the spread of the Omicron coronavirus variant in Queens, New York City, U.S., December 26, 2021. Jeenah Moon | Reuters Delta Air Lines expects revenue to return to 2019......

NRA, long viewed as invincible, faces shrinking membership and revenue

CBS News
CBS News – For more and to sign up click here The National Rifle Association is promoting its annual convention in Houston over the Memorial Day weekend as a chance to “celebrate Freedom, Firearms and the Second Amendment!” But with two mass shootings just 10 days apart that killed 21 schoolchildren......

China’s Lenovo says supply issues to hit shipments, revenue growth slows

Reuters
HONG KONG, May 26 (Reuters) – China’s Lenovo Group (0992.HK)warned on Thursday that shipments would fall in the short term as China’s COVID-19 lockdowns exacerbated shortages of microchips, after posting its slowest quarterly growth in seven quarters. The world’s largest maker of personal computers (PC) is among many companies facing......

Snap plunges more than 25% after CEO warns company will miss revenue and earnings estimates, slow hiring

CNBC
CNBC – For more and to sign up click here In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap shares plunged more......

The space industry is on its way to reach $1 trillion in revenue by 2040, Citi says

CNBC
CNBC – For more and to sign up click here A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published......

Deere’s supply chain issues hit revenue, shares plunge

Reuters
Equipment for sale is seen at a John Deere dealer in Denver, Colorado, U.S. May 14, 2015. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – Deere & Co (DE.N) on Friday missed Wall Street revenue targets and said it was having difficulty......

Iraq bids to control Kurdistan oil revenue with contract switch

Reuters
LONDON, May 19 (Reuters) – Iraq has made a fresh attempt to control revenue from the semi-autonomous region of Kurdistan by asking oil and gas firms operating there to sign new contracts with state-owned marketer SOMO rather than the Kurdistan Regional Government (KRG). Oil minister Ihsan Ismael on May 7......

WhatsApp introduces commercial services as Meta, its parent, seeks fresh revenue.

New York Times
More than eight years after agreeing to buy one of the world’s largest messaging apps, the company formerly known as Facebook has decided to start making money from it. WhatsApp, the popular messaging service owned by Meta, the parent company of Facebook, said on Thursday that it was opening up......

Cisco stock plunges 17% as company forecasts surprising revenue decline

CNBC
CNBC – For more and to sign up click here Chuck Robbins, chief executive officer of Cisco Technologies Inc., gestures as he speaks during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images......

Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

CNBC
CNBC – For more and to sign up click here Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce......

Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record

CNBC
CNBC – For more and to sign up click here Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations......

Tencent Music’s Q1 revenue downbeat, shares rise amid hopes for regulatory easing

Reuters
The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 17 (Reuters) – China’s Tencent Music Entertainment (TME.N) posted a 15% slump in first-quarter......

New Jersey rakes in $6.9B more in tax revenue than expected: ‘Unprecedented’

USA TODAY – For more and to sign up click here Zachary Halaschak New Jersey’s tax revenues are $6.9 billion over what Gov. Phil Murphy projected just months ago, the New Jersey Office of Legislative Services announced on Monday. David Drescher, chief of OLS’s revenue, finance, and appropriations section, told......

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