(Bloomberg) — JPMorgan Chase & Co. and Morgan Stanley analysts cut their price target for Alibaba Group Holding Ltd., turning more pessimistic on the Chinese e-commerce giant on sales concer...
Tag: revenue
Inter Financial Report Reveals Reduced Losses And Increased Revenue For 2021/22
Inter CEO Giuseppe Marotta and President Steven Zhang. AFP via Getty Images Following on from Juventus confirming record losses for a Serie A club – a subject discussed in this previous column – rival...
Revenue jumps 17% in first half of 2022
Lego Star Wars toys sit on display inside a Toys “R” Us Inc. store in Paramus, New Jersey, U.S., on Tuesday, Nov. 26, 2019. Bloomberg | Getty Images Lego sales are building on pandemic-era...
Fireblocks Recorded More $100M Revenue Via Subscriptions
In contrast to unfavorable investor attitudes, Fireblocks, a New York-based blockchain security service provider, reported over $100 million in Annual Recurring Revenue (ARR) this year, demonstrating ...
Costco reports results that top estimates and $200 billion annual revenue for first time
Costco Wholesale Corp. shares slipped in the extended session Thursday even as the retailer reported quarterly results that beat Wall Street estimates and annual sales that topped $200 billion for the...
How Fans Can Generate Revenue In The Entertainment Space Through NFTs
NEWARK, NEW JERSEY – AUGUST 28: Eminem and Snoop Dogg perform onstage at the 2022 MTV VMAs at … [+] Prudential Center on August 28, 2022 in Newark, New Jersey. (Photo by Theo Wargo/Getty I...
S&P 500: 9 Companies’ Revenue Is About To Boom Up To 937% This Quarter
S&P 500 investors are unclear about what the Fed will do this week. But they think one thing for sure: Some companies’ businesses are going like gangbusters right now. X Nine companies in th...
Flutter Rebrands TVG Horse Racing Channel As FanDuel TV, Eyes Increased Sports Betting Revenue
NFL Network reporter Kay Adams prepares to go on the air outside of Lambeau Field during NFL … [+] football training camp Saturday, July 31, 2021, in Green Bay, Wis. (AP Photo/Matt Ludtke) Copyr...
Fireblocks Sees Over $100 Million In Revenue From Subscriptions
Although the crypto market is suffering a long-lasted downtrend and investors reflect negative sentiments, crypto adoption seems to be growing on another verge. Fireblocks, a software-as-a-service (Sa...
Wall Street slump leads to 50% plunge in JPMorgan advisory revenue
Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images The deal-making slowdown that has weighed on Wall Street this year shows no sig...
Fireblocks Records $100M in Revenue amid Crypto Winter
Blockchain infrastructure service provider, Fireblocks has announced it has recorded $100 million in Annual Recurring Revenue (ARR). “For the digital asset industry, 2022 has been a year of con...
Goldman Sachs to cut workforce due to a 23% YoY revenue drop
The global macro trends are piling on worries onto businesses across the globe; with the increased hiring spree post-Covid, it seems that the time for layoffs has come, spurred on by rising inflation ...
China’s tourism revenue was below pre-Covid 2019 levels amid lockdowns
National tourism revenue for the long weekend ended Monday reached 28.68 billion yuan ($4.16 billion), only 60.6% of pre-pandemic levels in 2019, according to China’s Ministry of Culture and Tou...
Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status
Blockchain, digital asset security and crypto development platform Fireblocks announced that its 2022 annual recurring revenue exceeded the $100 million mark, giving the company a unicorn status among...
Binance Says One Crypto Sector Transforming Revenue Models and Securing Prominent Spot in Culture
Crypto exchange Binance says one crypto sector is changing the way big brands do business and connect with their communities. Binance says in a new blog post that non-fungible tokens (NFTs) are transf...
Fireblocks records $100M+ revenue in subscriptions amid bear market
Fireblocks, a New York-based blockchain security service provider, made over $100 million in Annual Recurring Revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contr...
Bitcoin Miners’ Revenue Drops Below $1B Amid Bearish Market & Increasing Mining Difficulty
Bitcoin mining revenue fell under $1 billion in August due to decreasing investor interest, which led to falling prices as well as difficulty in mining the cryptocurrency. Bitcoin mining revenue has ...
Celsius Confesses Not Having Earned Enough Revenue to Support Yields Being Paid to Investors
– Advertisement – Celsius Confesses that Business Never Made Sufficiently Revenue to Fund Yields. The Vermont Department of Financial Regulation has accused Celsius of running a Ponzi ...
Smith & Wesson revenue falls on gun maker’s waning demand
An attendee walks through the Smith & Wesson booth at the NRA’s annual meeting. Shares of Smith & Wesson Brands Inc. were down Friday morning after the company said demand for its guns r...
Digital Asset Management Market Speculated to Generate $9.32B in Revenue by 2028
The digital asset management (DAM) market is expected to generate revenue worth $9.32 billion by 2028 based on soaring demand, according to a report by SkyQuest Technology Consulting. With a market va...
Crypto Exchange Coinbase to Benefit Near Term From Staking Revenue After Ethereum’s Merge, Goldman Says
Goldman also expects upside from higher interest rates from USD coin (USDC), and it noted that as the sole retail issuer of USDC, Coinbase gets a share of the interest income generated from the USDC r...
FuelCell Reports Strongest Quarterly Revenue in 5 Years. The Stock Still Falls.
Text size FuelCell reported revenue of $43.1 million for its fiscal third quarter. Jung Yeon-je /AFP via Getty Images FuelCell Energy shares traded lower Thursday as the producer of units that make el...
Blockchain in Manufacturing Market Speculated to Generate $766.2m in Revenue by 2030
The blockchain in the manufacturing market is expected to render revenue worth $766.2 million in 2030, according to Verified Market Research. With a market value of $40 million set in 2021, this sect...
Record NFL Ad Revenue Could Result In League Scuttling Current TV Deals
The NFL is pumped—pumped!—for increasing TV ad revenue. Allen J. Schaben/Los Angeles Times via Getty Images The big reason the Denver Broncos recently sold for $4.65 billion and the value of NFL teams...
Ethereum Mining Revenue Soars to 3-Month High
Ethereum mining income spiked in August ETH crossed $2,000 since May Mining income was around $730 million for the month Ethereum mining income rose to a three-month high because of expanded interest ...
Ethereum miners made $756 million in revenue in August ahead of the Merge
Ethereum miners generated $756 million in revenue in August, up 37% from July’s$545 million revenue. Just over $30 million of that amount constituted transaction fees — that is, ETH paid for tra...
Texas Sees Historic 26% Surge in Tax Revenue as Inflation Soars
(Bloomberg) — Texas’s tax revenue is rising by historic amounts, in part as economic growth and soaring inflation drive up the price of goods. Most Read from Bloomberg The Lone Star state collec...
Ethereum Mining Revenue Soars to 3-Month High in Last Full Month of PoW
Ethereum mining revenue rose to a three-month high due to increased interest in mining rewards in August. This was the last full month of mining ETH before ‘The Merge.’ Ethereum mining has consistent...
Ethereum Name Service Touts Third-Highest Monthly Revenue as Merge Approaches
The Ethereum Name Service reported its third highest month of revenue in August, with 2.17 million ENS domain names created on the service. In a tweet announcing the latest milestone, ENS Domains said...
Bitcoin Mining Revenue Surged 10% In August
The first monthly gain since March, bitcoin mining revenue increased 10% in August. Bitcoin Mining Revenue Soars Approximately $657 million was earned by miners last month, according to statistics gat...
UiPath Stock Sinks on Cut to Fiscal-Year Revenue Forecast
Text size UiPath, the robotic-process automation software company, cut its revenue outlook for the fiscal year. Courtesy UiPath UiPath stock was sinking Wednesday after the robotic-process automation ...