Tag: revenue
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Airbnb shares gain as investors cheer revenue forecast raise, AI payoff
Aug 7 : Airbnb shares rose 9 per cent in premarket trading on Friday as the vacation-rental firm’s raised annual revenue forecast eased worries over the fallout on global travel demand from the conflict in the Middle East.As the war in Iran enters its sixth month, hotel operators and online travel agencies ar
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Eutelsat sees revenue growth as OneWeb expands, shares drop on margin outlook
Aug 7 : Eutelsat said on Friday it expected slight revenue growth in 2027 as rapid expansion of its OneWeb satellite connectivity business offsets declines elsewhere, though weaker-than-expected profitability sent its shares down as much as 8 per cent.The company said it expected slight growth in operating re
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Starlink rival Eutelsat sees revenue growth in 2027 on OneWeb momentum
Aug 7 : Eutelsat said on Friday it expects revenue to increase slightly next year as the French satellite operator seeks to build momentum in its satellite internet business.The company said in a trading update it expected to deliver slight revenue growth in 2027, compared with stable revenue in the previous
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Microchip Tech forecasts upbeat quarterly revenue on strong demand
(Corrects share movement in fourth bullet to up 7 per cent from down 4 per cent)Aug 6 : Microchip Technology forecast second-quarter revenue and profit above Wall Street estimates on Thursday, on strengthening demand for its chips used in AI data centers as well as the industrial, automotive and aerospace se
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Roku beats quarterly revenue estimates on advertising, subscriptions strength
Aug 6 : Streaming platform Roku on Thursday reported second-quarter revenue that beat Wall Street estimates, driven by its advertising and subscriptions segments.Roku is awaiting the closure of a deal to be acquired by Fox Corp for$22 billion, uniting the broadcaster’s content empire with Roku’s streaming di
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EPAM cuts annual revenue forecast on weak software services demand, shares fall
Aug 6 : EPAM Systems on Thursday cut its annual revenue forecast, indicating slowing demand for its software services and sending its shares down more than 18 per cent.The company provides a wide range of IT services including consulting, cloud and AI transformation and software engineering.Here are so
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Versant lifts annual revenue forecast as digital growth offsets pay-TV weakness
Aug 6 : Versant Media raised its annual revenue forecast on Thursday as higher advertising sales, driven by strong demand for its news and sports programming, and digital platform growth offset weak quarterly pay-TV distribution revenue.Shares of the New York-based company rose 7.4 per cent in premarket tradi
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Chime raises 2026 revenue forecast on robust demand, CFO to step down
Aug 5 : Chime raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. Shares of the company were last up 8 per cent in extended trading on Wednesday. Chime a
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EBay forecasts upbeat quarterly revenue as high-value categories drive momentum
Aug 5 : EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.The results are the first since the company rebuffed GameStop’s about $56 b
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Sandisk forecasts upbeat quarterly revenue on AI-driven demand
Aug 5 : Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used in AI data centers.Shares of the Milpitas, California-based company fell more than 3 per cent in extended trading, after rising more than five-fold this year alongside a broader rally in
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