OpenAI claims to have hit $10B in annual revenue

Kyle Wiggers / techcrunch - OpenAI says it recently hit $10 billion in annual recurring revenue, up from around $5.5 billion last year.

Back to Top / Monday, June 9, 2025, 3:23 pm / permalink 7368 / 3 stories in 8 months

Warner Bros. Discovery is splitting into two companies

Jess Weatherbed / theverge - Warner Bros. Discovery has announced plans to split itself into two companies, separating its streaming and studios divisions from its linear television businesses. The split is expected to be completed by mid-2026 and is supposed to help “maximize the po…

Back to Top / Monday, June 9, 2025, 8:21 am / permalink 7278 / 13 stories in 8 months

Lululemon shares plunge amid revised guidance and growth fears

Lululemon’s stock has tumbled following a sweeping guidance revision that slashed future growth expectations, sparking investor unease. Reports indicate that the disappointing forecast has contributed to lower-than-expected quarterly projections, prompting concerns about the company’s near-term performance in a competitive market.

Back to Top / Thursday, June 5, 2025, 6:20 pm / permalink 6982 / 0 stories in 9 months

Broadcom beats on earnings and revenue

cnbc - Broadcom’s artificial intelligence business is at the center of the company’s recent boom.

Back to Top / Thursday, June 5, 2025, 5:20 pm / permalink 6973 / 3 stories in 9 months

Weak ADP Jobs Report Spurs Criticism and Market Reactions

The latest ADP jobs report shows U.S. hiring at its slowest pace in two years—a statistic that has not only rattled market sentiment, but also drawn a pointed barb from Trump, who lambasted Powell for the weak performance. The data has certainly stirred up a lively debate on economic management.

Back to Top / Wednesday, June 4, 2025, 11:21 am / permalink 6750 / 0 stories in 9 months

Monzo posts robust profitability and customer growth amid IPO chatter

Monzo’s latest financial disclosures highlight its sustained profitability and increasing customer reliance. The bank, marking profitability for a second consecutive year, also reveals that roughly one-third of its customers now consider it their primary bank. These strong performance benchmarks fuel fresh IPO speculation in the competitive fintech arena.

Back to Top / Monday, June 2, 2025, 4:20 am / permalink 6437 / 3 stories in 9 months

Dell Raises Profit Forecast Fueled by Robust AI Server Demand

Dell Technologies reported an upbeat revenue outlook driven by surging demand for its AI servers. Enhanced profit guidance and a rising stock price underscore impressive market momentum as the tech giant pivots strategically toward artificial intelligence investments, leaving investors with a mix of cautious optimism and raised expectations.

Back to Top / Thursday, May 29, 2025, 7:20 pm / permalink 6184 / 3 stories in 9 months

HP Earnings Miss Weighs on Shares Amid Tariff Fears

HP Inc. reported disappointing earnings impacted by higher tariff costs, triggering a notable share decline with reports ranging from a 12% drop to as much as 15% down after revised guidance. Concerns about trade-related expenses continue to unsettle investor sentiment.

Back to Top / Wednesday, May 28, 2025, 6:20 pm / permalink 6025 / 3 stories in 9 months

Salesforce Beats Q1 Estimates, Raises Full-Year Guidance

Salesforce reported stronger-than-expected first-quarter earnings, beating estimates and encouraging investors with an optimistic full-year sales forecast. Despite adverse impacts from tariffs, the company’s robust performance has reinforced confidence in its future growth prospects.

Back to Top / Wednesday, May 28, 2025, 4:20 pm / permalink 6009 / 2 stories in 9 months

Nvidia Q1 Success Shadowed by Costly China Controls Outlook

Nvidia posted solid Q1 results with its stock jumping by 5%, despite reporting $2.5 billion lost in Chinese sales. However, the company warned that new controls in China could cost it an additional $8 billion in Q2, injecting a note of caution into an otherwise upbeat earnings narrative.

Back to Top / Wednesday, May 28, 2025, 4:20 pm / permalink 6007 / 6 stories in 9 months

Snowflake Surpasses Earnings Goals, Cracks $1B Revenue Mark

Snowflake Inc. stunned the market by posting quarterly results that not only beat earnings and revenue expectations but also marked its first venture into the $1 billion revenue club. Despite a turbulent market backdrop, the cloud-based data warehouse provider’s solid performance has sent its shares soaring, delighting investors and analysts alike.

Back to Top / Wednesday, May 21, 2025, 8:20 pm / permalink 5226 / 1 stories in 9 months

Marks & Spencer Cyberattack Sours Profit Forecasts

Marks & Spencer is reeling from a significant cyberattack that has disrupted its operations and dented its profit outlook by approximately £300M. The incident triggered widespread operational challenges and accelerated technical recovery expenses, leaving the retailer grappling with an uncertain near‐term financial future.

Back to Top / Wednesday, May 21, 2025, 6:20 am / permalink 5142 / 2 stories in 9 months

Palo Alto Networks Q3 report mixes beats with margin misses

Palo Alto Networks delivered its latest quarterly earnings with a mixed bag of results—beating earnings expectations and raising guidance while missing on gross margins. The stock dipped post-announcement, signaling investor unease amid the otherwise robust revenue performance.

Back to Top / Tuesday, May 20, 2025, 6:20 pm / permalink 5125 / 2 stories in 9 months

Klarna Q1 Report Reveals Rising Losses Despite Revenue Growth

Klarna’s recent quarterly report paints a mixed picture as revenues surged to about $700M, yet losses ballooned to $99M, more than doubling year-over-year. Investors and analysts are left to ponder how the fintech giant will reconcile impressive top-line figures with its burgeoning operational deficits as IPO ambitions remain stalled.

Back to Top / Monday, May 19, 2025, 9:20 am / permalink 5015 / 3 stories in 9 months

GTA 6 delay explained in earnings and studio insight

Industry insiders have shed light on the much-debated delay of Grand Theft Auto 6. In recent reports released alongside strong quarterly earnings, executives explained that the postponement was a necessary move to ensure the game’s ambitious vision is fully realized without cutting essential corners.

Back to Top / Thursday, May 15, 2025, 5:20 pm / permalink 4839 / 3 stories in 9 months

Alibaba Earnings Misses Stir Investor Concerns Amid Growth Pains

Reports reveal that Alibaba’s financial performance has disappointed investors as revenue estimates and growth expectations were missed, sending its shares tumbling. The negative sentiment points to tougher competition and operational challenges for the Chinese e-commerce titan, casting a shadow over its future prospects.

Back to Top / Thursday, May 15, 2025, 7:20 am / permalink 4769 / 1 stories in 9 months

CoreWeave Earnings Report Sparks Mixed Reactions From Investors

CoreWeave’s first quarterly earnings report post-IPO delivered a paradoxical message—soaring revenue growth of over 400% clashing with missed earnings estimates and “lumpy” AI cloud revenue projections. Investors’ reactions were swift, with shares tumbling, leaving the market to wonder if the numbers add up beyond the headline excitement.

Back to Top / Wednesday, May 14, 2025, 7:20 pm / permalink 4749 / 2 stories in 9 months

Cisco earnings update: CFO departure and revenue outlook hike

Cisco reported robust quarterly earnings alongside the unexpected departure of CFO Scott Herren. The company also raised its revenue outlook after posting higher profits, suggesting strong operational performance despite internal shifts. Investors are left to ponder the future impact of these changes.

Back to Top / Wednesday, May 14, 2025, 4:20 pm / permalink 4733 / 4 stories in 9 months

Tencent Q1 Revenue Jumps 13% Driven by Gaming Success

Tencent reported a robust 13% revenue rise in Q1, a surge credited mainly to its expanding gaming division. The impressive growth, underscored by accelerating demand in digital gaming, cements Tencent’s position as a formidable player in a fiercely competitive market, proving gaming isn’t just child’s play.

Back to Top / Wednesday, May 14, 2025, 6:20 am / permalink 4675 / 2 stories in 9 months

UnitedHealth CEO Exit Sparks Forecast Suspension Drama

UnitedHealth Group shares tumbled as its CEO abruptly stepped down, throwing the company’s 2025 financial outlook into disarray. A rapid leadership change has left investors reeling, with new CEO appointments underway amid widespread corporate anxieties—and a dash of executive melodrama that might rival a daytime soap opera.

Back to Top / Tuesday, May 13, 2025, 8:20 am / permalink 4587 / 1 stories in 9 months