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Paramount misses revenue estimates as weak ad market offsets streaming gains

Paramount Global’s quarterly revenue on Wednesday fell short of Wall Street expectations, weighed down by intense competition from streaming rivals and a weak advertising market. The company’s shares fell nearly 2% in trading after the bell. The media industry is grappling with changing landscapes, including streaming’s growing dominance over traditional television and the impact of […]

U.S. Sports Betting Pulled $10.9 Billion in Revenue Last Year

The U.S. sports betting industry generated $10.9 billion in revenue last year, an increase of nearly 45% from the previous year. According to the American Gaming Association’s (AGA) annual report, $120 billion was wagered last year, a 30 percent increase from 2022. USA Today Sports: In 2022, the U.S. sports betting industry generated $7.5 billion […]

Expedia shares sink after 2024 revenue warning on softening air fares

Peter McNally, Head of Global Analyst at Third Bridge, joins Morning with Maria to break down airline earnings and reveal the top Big Tech stocks. Expedia Group shares rose on Friday after the online travel company said it expects revenue growth to moderate in 2024 as airfares soften from post-pandemic highs. The closing price fell […]

Pinterest's stock takes a hit after revenue miss – MarketWatch

Pinterest shares initially plunged 23%, but rebounded sharply in after-hours trading Thursday after reporting lost revenue and offering sketchy guidance, rising slightly. pins on pinterest, -0.27% report Net income for the fiscal fourth quarter was $201.2 million, or 29 cents per share, compared with net income of $17.5 million, or 3 cents per share, in […]

Snap shares drop 30% after company's revenue miss and weak guidance – CNBC

Snap is coming off its worst day on the market since its 2017 debut. The company’s two biggest one-day declines were a 43% drop in May 2022 and a 39% plunge two months later. Snap reported revenue of $1.36 billion for the quarter, slightly below analysts’ expectations of $1.38 billion, according to LSEG (formerly Refinitiv). […]

Snap's stock plummets 30% on revenue miss, weak guidance – MarketWatch

Snap Inc. stock plunged more than 30% in after-hours trading on Tuesday after the social media company reported lost revenue and provided weak guidance, a day after announcing yet another deep layoff. The results come a week after Facebook parent company Meta Platforms Inc.’s META. -1.02% and GOOGL, Google’s parent company. +0.29% Google, +0.33% Alphabet […]

Meta rakes in record $40 billion in revenue

Social media giant Meta posted record revenue in the fourth quarter of 2023, with a staggering $40.1 billion in revenue as digital advertising rebounds. CEO Mark Zuckerberg has endured intense criticism from federal authorities over allegations of child abuse and exploitation occurring through his use of the Meta platform. The company managed to meet average […]

Meta revenue soars as it pivots to AI and announces dividends for investors | Meta

Meta stock soared 15% in after-hours trading. The company’s strong fourth quarter results came a day after CEO Mark Zuckerberg was assaulted during a controversial Congressional hearing. The company also announced that it would pay investors a dividend of 50 cents per share for the first time and authorized a $50 billion stock repurchase program. […]

Apple quarterly profit, revenue top Wall Street targets but China lags

IMAX CEO Rich Gelfond exclusively details the “amazing” partnership between the entertainment company and Apple’s new breakthrough headset. Apple on Thursday reported sales and profits that beat Wall Street expectations, driven by growth in its iPhone business. However, sales in China fell short of analysts’ targets. Apple shares fell 1.7% in after-hours trading. The company’s […]

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