The GameStop Q3 2022 earning report showed poor figures that reflect reduced consumer spending on its products. GameStop (NYSE: GME) recently reported a bigger-than-anticipated loss on its Q3 2022 fin...
Tag: revenue
Why Is Coinbase Expecting a 50% Drop in Revenue This Year?
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase CEO Brian Armstrong has said that he expects revenue to fall 50% or more, blaming the state of the industry and shaken i...
Coinbase CEO estimates 50% revenue drop due to falling crypto prices
As digital assets suffer from a sector-wide slump made worse by a spate of high-profile crashes that damaged investor trust, Coinbase Global Inc’s (COIN.O) turnover is expected to decrease by half thi...
Taiwan Semiconductor Projects $10B In Revenue From Arizona Plant
Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) expects $10 billion in annual revenue from Arizona chip plants. TSMC eyed a second chip plant in Arizona and tripled its initial investment t...
Coinbase Head Predicts 50% Revenue Slump, Stock Down 86%
Coinbase chief executive Brian Armstrong is not very optimistic about his firm’s revenue this year. He claims earnings may be cut by half due to a prolonged crypto winter and waning investor confidenc...
Coinbase Expects 2022 Revenue To Be 50% Lower Than 2021
Leading cryptocurrency exchange Coinbase anticipates a sharp decline in revenue this year. As a result of falling prices and the collapse of a competing exchange FTX, investors’ confidence has been sh...
Coinbase CEO Armstrong Confirms Street Expectations for a 50%-Plus Decline in Revenue in 2022
“Last year in 2021, we did about $7 billion of revenue and about $4 billion of positive EBITDA, and this year with everything coming down, it’s looking, you know, about roughly half that or less,” Arm...
Coinbase’s Armstrong expects revenue to fall 50% or more, he tells Bloomberg
Coinbase CEO Brian Armstrong said the crypto exchange’s revenue this year will likely be cut in half or more from 2021’s sales number, blaming the state of the industry and shaken investor...
SushiSwap Head Chef Proposes Upping Treasury’s xSUSHI Revenue
Head Chef Jared Grey has proposed that the 100% of xSUSHI revenue be allocated to the treasury wallet for the next 12 months. Head Chef Calls For Immediate Remedy The decentralized exchange is discus...
Paramount shares fall as CEO lowers ad revenue forecast
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Shares of Paramount Global fell about 7% Tuesday a...
United CEO says business travel has ‘plateaued’ but revenue is still rising
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Business travel demand has “plateaued” b...
Ethereum merge might have resulted in 40% loss for Hive Blockchain revenue
Bitcoin (BTC) mining analyst Jaran Mellerud estimated that the Ethereum (ETH) merge might have led to a 40% drop in Hive Blockchain’s revenue. Hive just lost its ether mining cash cow. I estimate its ...
SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury
SushiSwap Head Chef Jared Grey has initiated a proposal to increase the Treasury’s xSUSHI revenue from 10% to 100%. SushiSwap is a decentralized exchange platform that generates revenue from trading f...
SushiSwap proposes to direct 100% of xSUSHI revenue to treasury wallet
Decentralized exchange SushiSwap is discussing a new proposal to direct all of the fees paid to xSushi holders into its treasury wallet for a year to provide financing for its operations. The pr...
Amazon’s Biggest Revenue Driver AWS Falls Prey To Macro Slowdown
Amazon Web Services has been Amazon.Com, Inc’s (NASDAQ: AMZN) most significant growth engine over the past decade, taking business from some of the most prominent tech vendors worldwide. As fear...
Key Apple supplier reports a big hit to revenue in November
Apple Inc (NASDAQ: AAPL) is in focus this morning after its biggest iPhone supplier reported a big hit to revenue in November. Foxconn revenue tanks 29% in November Foxconn Technology Co Ltd (TPE: 235...
ChargePoint Holdings Shows Improved Revenue Despite Failed Expectations
ChargePoint Holdings failed to meet their Q3 2022 revenue estimate. The EV industry can help the company to grow considerably in future. CHPT stock was trading at the market price of $11.64. ChargePoi...
Goldman Sachs Warns Traders Of Shrinking Bonus Pool Even As Trading Revenue Rises
Leading global investment bank Goldman Sachs Group Inc (NYSE: GS) recently announced a shrinking year-end bonus for traders, despite seeing its trading revenue rising this year. Goldman’s annual trad...
Bitcoin depot to go ahead with SPAC merger after reporting strong revenue
Leading crypto ATM operator Bitcoin Depot has reiterated its plans to merge with GSR II Meteora Acquisition Corp, the $321 million special purpose acquisition company (SPAC) formed for facilitating me...
40+ Spotify statistics 2022: SPOT stock, revenue and performance
Spotify Technology SA (NYSE: SPOT) is the leading on-demand music streaming company today, with more than 1 billion app downloads on Google Play alone. The Sweden-based company was founded in 2006 by ...
Bitcoin mining revenues fell 20% in November
Bitcoin mining revenues fell 19.9% in November to about $472.64 million, according to data compiled by The Block Research. The cryptocurrency’s price, which had been hanging around the $19...
Ethereum miner revenue reaches monthly high, but here’s the issue
ETH’s number of daily active addresses surged to a monthly high in the last three days. The transaction volume was relatively low which suggested the lack of a strong whale presence. Ethereum network ...
Decentralized Exchange GMX Flips Uniswap in Daily Revenue for First Time Ever
According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever. Delphi Digital reported that the platform raked in $1.15 million in t...
SNOW Stock Tumbles As Snowflake Offers Weak Product Revenue Guidance
Snowflake (SNOW) reported third-quarter earnings that met expectations while revenue topped Wall Street targets. The enterprise software maker’s product revenue guidance came in below expectatio...
EV Charging Stock ChargePoint Jumps With Earnings Due, Revenue Seen More Than Doubling
ChargePoint (CHPT) prepares to report earnings for the third quarter late Thursday, with the quickening global adoption of electric vehicles (EVs) giving charging companies a boost. CHPT stock popped ...
Could Trading NFTs Be the Answer to Uniswap’s Revenue Woes?
Almost half a year after Uniswap Labs acquired NFT marketplace aggregator Genie, the largest decentralized exchange revealed today that NFT trading will now be made available to all users on its platf...
BitNile Holdings Announces 2023 Revenue Guidance of More Than $200 Million
Revenue guidance for 2023 includes expected revenue from the recently announced agreement to purchase assets from Circle 8 Crane Services, and excludes revenue from TurnOnGreen and Giga-tronics, which...
CrowdStrike Tumbles After Revenue Forecast Misses Estimates
(Bloomberg) — CrowdStrike Holdings Inc. fell as much as 19% in extended trading on Tuesday after the cybersecurity company gave a revenue outlook for the current period that fell short of analys...
Wise share price outlook as revenue and profits jump
Wise (LON: WISE) share price remained in a tight range on Tuesday after the company published the latest financial results. The stock was trading at 610p, which was slightly below October’s high of 72...
Bitcoin Futures Market Is On The Verge Of A Bullish Signal While Mining Revenue Hits The Lowest!
It is reported that the Bitcoin futures market has reached its historical market bottom while the two-year low mining revenue becomes a barrier for a BTC bull run. The last few weeks have become a ni...