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April 15, 2021

REVENUE

Okta expects annual revenue to jump by 30% with addition of new products

CNBC
CNBC – For more and to sign up click here Okta sees big growth ahead as it expands its service offerings. The cybersecurity company said Wednesday it expects revenue for the fiscal year to grow by 30% as it unveiled two new products, one in “privileged access management” and another......

Coinbase estimates Q1 revenue jumped nine-fold to about $1.8 billion ahead of public market debut

CNBC
CNBC – For more and to sign up click here Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about......

Brazil’s February federal tax revenue rises to record $23 billion

Reuters
BRASILIA (Reuters) – Brazil’s federal tax revenue rose in February to its highest on record for that month, the revenue service said on Monday, boosted by strong growth in corporate taxes and firms’ social contributions on net profits. The tax take last month totaled 127.75 billion reais ($23.1 bln), up......

Every Louisiana casino reports year-over-year revenue decline

WashingtonExaminer
USA TODAY – For more and to sign up click here Every operating river-adjacent Louisiana casino took in less money last month than the month before and during the same month last year, according to the newest report to the Louisiana Gaming Control Board. The state’s river-adjacent casinos collectively were......

Planemaker Embraer narrows losses in fourth quarter despite revenue drop

Reuters
FILE PHOTO: An Embraer E195-2 performs during the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, June 17, 2019. REUTERS/Pascal Rossignol SAO PAULO (Reuters) – Brazil planemaker Embraer on Friday reported a net loss of $3.3 million for the fourth quarter, narrowing its losses significantly compared......

Fuel demand slump drags down Couche-Tard’s revenue

Reuters
FILE PHOTO: A Couche-Tard convenience store is seen in Montreal, Quebec, Canada January 13, 2021. REUTERS/Christinne Muschi/File Photo (Reuters) – Canadian convenience store operator Alimentation Couche-Tard Inc fell short of third-quarter revenue estimates, as people staying at home led to a steep decline in demand for fuel that overshadowed gains......

China’s Pinduoduo quarterly revenue more than doubles

Reuters
(Reuters) – Chinese e-commerce firm Pinduoduo Inc reported a 146% surge in quarterly revenue on Wednesday, thanks to online shoppers buying everything from groceries to luxury products from online in a pandemic-hit year. FILE PHOTO: The logo of Chinese online group discounter Pinduoduo is seen next to its mobile phone......

Google and Apple are giving up less than 5% of their revenue from apps with payout changes, analytics firm estimates

CNBC
CNBC – For more and to sign up click here The App Store logo displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket via Getty Images New estimates from analytics firm Sensor Tower suggest neither Apple nor Google is giving up a substantial amount of revenue by changing......

Florida online tax bill to be ‘revenue neutral,’ funnel proceeds to unemployment fund

WashingtonExaminer
USA TODAY – For more and to sign up click here A scheduled Senate vote on a bill that would require online retailers to collect and remit the state’s sales tax was postponed Thursday to incorporate language dedicating its revenues to the state’s unemployment trust fund. Sen. Joe Gruters, R-Sarasota,......

Hollywood’s $10 billion opportunity: McKinsey study says anti-Black bias hurts revenue

CNBC
CNBC – For more and to sign up click here If Hollywood were to address racial inequities in the film and TV industry, annual revenue could rise by 7%, or about $10 billlion, according to the findings of a new study from McKinsey. The consulting firm’s research found that Black-led......

Bumble tops revenue estimates in its first quarterly report as a public company; shares rise

CNBC
CNBC – For more and to sign up click here Whitney Wolfe Herd speaks onstage in Dana Point, California. Joe Scarnici | Getty Images Entertainment Bumble on Wednesday logged $165.6 million in revenue, topping Wall Street forecasts, for its first quarterly report since going public in February. The stock rose......

Oracle shows 3% revenue growth and bumps dividend

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CNBC – For more and to sign up click here Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual......

The NBA will play a key role in Snap’s quest for 50% revenue growth

CNBC
CNBC – For more and to sign up click here The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, U.S., on Friday, Jan. 29, 2021. Gabby Jones | Bloomberg | Getty Images It’s labeled the perfect 360 relationship, and Snap plays a considerable part in helping the......

DraftKings shares rise after reporting a beat on revenue, more growth in paying customers

CNBC
CNBC – For more and to sign up click here New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as......

Airbnb reports $3.89 billion loss in first quarterly report since IPO but beats revenue expectations

CNBC
CNBC – For more and to sign up click here John MacDoughall | AFP | Getty Images Short-term rental booking company Airbnb’s stock bounced around, up as much as 4% and down as much as 1%, in after-hours trading on Thursday as the company posted growing losses and a decline in......

Salesforce revenue up 20% from last year, forecast calls for similar growth rate

CNBC
CNBC – For more and to sign up click here Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares fell as much as 4% in extended trading on Thursday after......

Salesforce beats quarterly revenue expectations

Reuters
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid (Reuters) – Salesforce.com Inc reported better-than-expected fourth-quarter revenue on Thursday, helped by increased demand for its cloud-based software as remote work stretches further into 2021. Revenue in......

Twitter shares soar after company announces plan to double revenue by end of 2023

CNBC
CNBC – For more and to sign up click here Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images Twitter said on Thursday......

Nvidia beats as revenue grows 61% from a year ago

CNBC
CNBC – For more and to sign up click here Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Nvidia stock dropped over 2% in extended trading after CEO Jensen Huang told analysts that while selling processors to cryptocurrency miners will be part of the company’s business, he doesn’t expect......

Thomson Reuters reports higher fourth-quarter revenue

Reuters
NEW YORK (Reuters) – Thomson Reuters Corp reported higher fourth-quarter revenue on Tuesday and said it would start a two-year program that will change it from a holding company to an operating company. The news and information company said revenues rose 2% to $1.62 billion. Writing by Nick Zieminski in......

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