As the valuation of cryptocurrencies wanes across the board, so do the revenues of platforms dealing with them. Although primarily a stock trading platform, Robinhood added crypto to its portfolio bac...
Tag: revenue
PayPal earnings forecast heads higher, but revenue outlook sends the stock lower yet again
PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast for the full ...
Robinhood’s crypto revenue headed for a loss in the third quarter
Robinhood released its third quarter report of this year. The third quarter 2022 of this platform ended on September 30, 2022. On November 2, Robinhood, an online trading brokerage released its ...
Best place to buy Roku stock: it’s plunged 18% on loss forecast and shrinking Ad revenue
Roku stock price has taken a hit in the Pre-Market hours after the company forecast a wider-than-expected Q4 loss citing pressure on advertisers’ budgets. The pre-market pledge comes a day after the s...
Revolut crypto revenue now less than 5% as winter drags…
London-based startup Revolut has gone from crypto providing up to 30% of its revenue stream in 2021, to less than 5% in the current crypto winter. Crypto investment continues Revolut’s founder and CEO...
Robinhood Posts Surprising Revenue Increase Fueled by Interest Payments
Robinhood posted a 14% increase in total revenue for the third quarter of 2022, thanks to the trading app’s saving grace: interest payments — which saw a 73% increase. The platform reported a net los...
Twist Bioscience Revenue Growing From $2 To $200 Million As It Eyes The $186 Billion Antibody Market
Emily Leproust, Patrick Finn, Aaron Sato, and Tracey Mullen of Twist Bioscience. Twist Bioscience It’s another beautiful sunny day in San Francisco, and Twist Bioscience (NASDAQNDAQ : TWST) is making ...
Robinhood’s Crypto Revenue Fell 12% in Q3
Key Takeaways Robinhood saw its cryptocurrency transaction revenue fall 12% to $51 million during the third quarter of 2022 . The company nevertheless reported growth in other areas and saw lower-than...
Video Game Publisher EA Sports Beats Revenue Expectations in Q2 2023
While it remains cautious per its current quarter, EA Sports said it is positively aligned to deliver stronger growth over the long term. American video game company and sports entertainment company E...
TV revenue falls, shares sink
Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its...
SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat
SoFi Technologies was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. SoFi (ticker: SOFI), the financial-technology company, reported third-quar...
Saudi Aramco Beats Revenue Expectations in Q3 2022 Earnings Report
Middle Eastern oil giant Saudi Aramco projects oil demand to further rise following a commendable Q3 2022 report. Saudi Aramco recently reported its Q3 2022 financial statement, which shows a 39% year...
MicroStrategy Q3 loss narrows, but revenue drops year-over-year; 301 BTC added to portfolio
MicroStrategy released its earnings report for the third quarter of 2022 on Nov. 1, saying it achieved “strong” year-over-year growth in subscription services and “record” growth in subscription billi...
Pfizer CEO reveals growth plan as company faces up to $18 billion revenue hit
Pfizer CEO Albert Bourla talks during a press conference with European Commission President after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the factory of US pharmac...
Analysts Seek Details on New Revenue Streams
After three quarters of disappointing earnings in 2022 for Coinbase, analysts are parsing how well the crypto exchange has diversified its business lines away from trading spreads. The Street, indust...
Fox earnings lifted by ad revenue from Tubi streaming service
Pete Davidson attends TUBI’s “The Freak Brothers” Experience at Fred Segal on December 06, 2021 in Los Angeles, California. Kevin Winter | Getty Images Fox Corp.’s bet on its f...
ON Semiconductor Registers 26% Revenue Growth In Q3 Aided By EV, Industrial End Markets
ON Semiconductor Corp (NASDAQ: ON) reported third-quarter FY22 revenue growth of 26% year-on-year to $2.19 billion, beating the consensus of $2.12 billion. Revenue from Power Solutions Group (PSG) gre...
Decline in Revenue Follows the Reduction in Bitcoin Mining Margin
Although BTC prices may have recovered to above $20K this week, Bitcoin mining activities are still struggling. On October 26, Hashrate Index’s Jaran Mellerud stated that mining margins had completely...
SHOP Stock: Shopify Earnings Beat, Revenue Growth Reaccelerates
Shares of e-commerce firm Shopify (SHOP) soared Thursday after the company reported a smaller-than-expected loss for the September quarter and revenue that topped analyst estimates. SHOP stock was up ...
Google’s Chief Business Officer admits crypto winter is impacting ad revenue
Alphabet Inc’s (NASDAQ: GOOGL) Google has recognized that the slump in the value of digital assets that kicked off the current crypto winter is detrimental to the amount of money spent on searches. Th...
Google Struggles with Ad Revenue as Crypto Firms Reduce Spending
Alphabet said that reduced advertising spending by crypto companies has undermined Google’s revenue growth during the third quarter of 2022. The ongoing crypto winter has brought a slowdown in a...
Polkadot registers spike in USDT revenue; what could it mean for traders
Polkadot [DOT] recently released the latest edition of its weekly digest, which mentioned all the notable developments that happened in the ecosystem over the last week. All of the developments looked...
Enphase Stock: Company Tops Estimates On Record Revenue
Enphase Energy (ENPH) reported third-quarter results late Tuesday that flew past estimates on the top and bottom lines. Enphase stock rose on the news. X The solar energy company reported adjusted ear...
GOOGL Stock Tumbles As Google Earnings Badly Miss Estimates And YouTube Ad Revenue Falls
Google-parent Alphabet (GOOGL) on Tuesday reported September-quarter profit and revenue that missed estimates as its core digital advertising business fell short of lowered expectations. GOOGL stock t...
Google misses on expectations as YouTube ad revenue comes up short
Google parent Alphabet (GOOG, GOOGL) reported its third-quarter earnings on Tuesday, falling short of analysts’ expectations on the top and bottom line, as YouTube advertising revenue came up $4...