American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 bil...
Tag: YoY
Riot Blockchain Bitcoin production drops 28% YOY in July; offsets energy costs by curtailing some operations
Riot Blockchain, one of the world’s largest Bitcoin mining companies, said Aug. 3 that it mined 318 Bitcoin (BTC) in July, a decrease of around 28.21% compared to the same month in 2021 when it mined ...
NIO stock climbs as firm announces 27% YoY delivery growth
One of the pioneers in the premium smart electric vehicle (EV) market, NIO (NYSE: NIO), provided a delivery update today, on August 1. The firm delivered 10,052 vehicles in July, making it a 27% year-...
WisdomTree’s Q2 Average Crypto Assets Down Nearly 12% YoY to $265M
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Ransomware Growth Decreased 23% YoY amid Bearish BTC Market in H1, Report Suggests
The slump in the price of Bitcoin from about $48,000 at the beginning of the year to $20,000 at the end of June has been tagged as one of the main reasons for the decline in Ransomware activities reco...
Riot Blockchain Saw a 73% YoY Increase of BTC Production in June
One of the leading cryptocurrency mining firms – Riot Blockchain – mined 421 BTC in June this year, a considerable increase compared to the 243 BTC produced in June 2021. The company has also started ...
Canadian equities trading volume drops 35% YoY while European rose by 60%
Most global equity markets have seen a decrease in trading volume as inflation has been picking up, and consequently, most equities have seen drawdowns. Macroeconomic issues ailing the world at large ...
Investments in U.S.-based biotech firms shrink 46% YoY
A notable increase in venture financing in the U.S. biotech private sector was seen in 2021, with company stocks only increasing. Thus it is conceivable to make the case that a bubble was growing in t...
Las Vegas Strip gambling revenue climbed 11% YoY
Gambling revenues continued to rise on the Las Vegas Strip by 11.62% year-on-year (YoY), reaching $731.5 million. Tourist-dominated markets were up, with local ones slightly down, indicating that pent...
China’s national real estate development continues 17-month drop shrinking over $20 billion YoY
While most of the attention regarding China is related to the more recent Covid lockdowns in Shanghai and Beijing, the slump in the housing market observed since January of 2021 will most likely have ...
2 Chinese EVs to benefit as car sales in June expected to rise more than 10% YoY
It seems as if the pandemic peak in China has passed and that most workers took full leave in the early innings of the outbreak. Resumption of work and production appears to be coming back slowly. Me...
Beware The GAAP Gap In S&P 500 Earnings
CHICAGO – MARCH 18: Traders signal offers in the Standard & Poors 500 stock index futures pit at … [+] the CME Group March 18, 2009 in Chicago, Illinois. The index rallied after the Fe...
XPEV stock rises after XPeng records 78% growth in May deliveries YoY
On June 1, 2022, XPeng (NYSE: XPEV) released its vehicle delivery results for the month of May, 2022. The company managed to deliver 10,125 Smart electric vehicles (EVs), which represents a month-on-m...
ABN Amro’s Fee Income Increases 10% YoY in Q1 2022
Dutch financial services provider, ABN Amro published its results for the first quarter of 2022 today. For the reported period, ABN Amro’s fee income spiked by 10% compared to Q1 of 2021. The performa...
KuCoin Sees a 491% YoY Surge in New Users during Q1 2022
KuCoin, a global cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asse...
Riot Blockchain Generates $79.8m Revenue with YoY Increase of 244%
Riot Blockchain, Inc, a Colorado-based Bitcoin mining company, announced its first-quarter 2022 earnings, with a new record total revenue for the quarter, up 244% year-over-year to $79.8 million, and ...
Flywire’s Revenue Jump 43% YoY in Q1 2022
Nasdaq-listed global payments enablement and software company, Flywire yesterday announced its financial results for the first quarter ended 31 March 2022 (Q1 2022). While the company witnessed strong...
Ripple Records 8x YoY Growth in ODL Volume per Quarterly Reports
In its recently released Q1, 2022, report, Ripple gives the latest information on quarterly XRP sales and pertinent XRP-related announcements. Ripple stated in the report that its remittance platform,...
Equinix Reports 9% YoY Surge in Q1 Revenues
Equinix, a major data infrastructure provider in the financial services industry, yesterday released its results for the quarter ended 31 March 2022 (Q1 2022). The company saw record growth across dif...
Q1 GDP beats expectations to grow 4.8% YOY
A traffic police officer prepares to check a truck at a service station near Shanghai, which has ordered tighter restrictions on travel in and out of the city as China battles its most severe Covid ou...
Citigroup’s Net Income Drops 46% YoY in Q1 2022
Citigroup, one of the largest global financial services providers, recently released its results for the first quarter of 2022 (Q1 2022). For the reported period, Citigroup saw a net income of $4.3 bi...
JPMorgan’s profit sinks 42% YoY in fiscal Q1
Shares of JPMorgan Chase & Co (NYSE: JPM) opened nearly 4.0% down on Wednesday after the Wall Street bank reported lower-than-expected net income for its fiscal first quarter. Notable figures in J...
Capital.com Posts 229% YoY Jump in Q1 Trading Volume
London-headquartered Capital.com, a multi-asset brokerage, unveiled some of its key performance metrics for the first quarter of 2022, which ended on March 31. The broker handled a total trading volum...
Integral’s March ADV Jumps 7% YoY
Integral, which provides technology in the foreign exchange (forex) trading market, published its trading metrics for March 2021, showcasing another month with demand in a positive trajectory. The com...
Tradeweb Markets Sees Record ADV, Up 10.9% YoY in the Q1 2022
Tradeweb Markets (Nasdaq: TW), the operator of electronic marketplaces for rates, credit, equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or s...
BioNTech reports unbelievable YoY growth for its fiscal Q4
BioNTech SE shares (NASDAQ: BNTX) opened 8% up on Wednesday after the pharmaceutical company handily beat Street expectations for Q4 earnings and revenue. Notable figures in BioNTech Q4 earnings repor...
Equals Group’s Revenue Climbs 52% YoY in FY21
Equals, a financial technology group focused on the SME marketplace, has recently published its financial results for the year ended 31 December 2021. For the mentioned period, Equals witnessed a subs...
Integral Posts 8.9% YoY Surge in ADV during February
Integral, one of the largest technology companies in the foreign exchange (FX) market, recently announced the average daily volumes (ADV) for February 2022. The number touched $54.9 billion in the rep...
Asana reports Q4 2022 YoY revenue growth of 64%; shares dip 25%
Asana Inc. (NYSE: ASAN) is down 25% after announcing its fiscal Q4 2022 financial results for the period ending January 31, 2022. CEO and co-founder Dustin Moskovitz stated: Are you looking for fast-n...