Apple expects slower services growth during the holiday quarter, at the same time that it absorbs the cloud-computing costs of Siri AI and prepares to charge customers for expanded access to certain artificial intelligence features. Speaking on his first earnings conference call as Apple CEO,...
Upwork has been rolling out new tools as artificial intelligence (AI) reshapes work and the ways clients and talent use the company’s work marketplace, President and CEO Hayden Brown said Monday (Nov. 2) during the company’s third quarter earnings call. The work marketplace’s gross service volume (GSV)...
Marriott International said it is reaping the benefits of consumers’ ongoing prioritization of experiential spending. The hotel giant released quarterly earnings Monday (Nov. 2) showing its third-quarter global per available room (RevPAR) up 6.5%, anchored by a 12% surge in luxury hotels. Meanwhile, the company’s...
Anthropic’s revenue reached $17 billion for the three months ended Sept. 30, the artificial intelligence company said in an amendment to its Form S-1 registration statement filed with the Securities and Exchange Commission Monday (Nov. 2). Anthropic said in the amendment that it launched Claude...
CarParts.com has launched its first points-based based loyalty program as it shifts its focus to growth after largely completing its restructuring, CEO David Meniane said Thursday (Oct. 29) during a third quarter earnings call. Meniane said this initiative to deepen the company’s loyalty ecosystem is...
Mondelez International saw broad-based demand for its snack foods in the third quarter, despite concerns about inflation and the cost of living in both developed and emerging markets, Chairman and CEO Dirk Van de Put said in a Thursday (Oct. 29) press release. Worldwide, Mondelez’s net revenues were up 2.3%...
Luxury resale platform The RealReal reported record quarterly GMV, revenue and orders for the third quarter, prompting it to raise its full-year outlook, according to the company’s Q3 earnings call Thursday (Oct. 29). Revenue increased 19% year over year while GMV grew 23%. Adjusted EBITDA...
Coinbase furthered its effort to diversify its revenue in the third quarter, with subscription and services revenue growing to account for 49% of the company’s net revenue, executives said in a Thursday (Oct. 29) earnings presentation. Subscription and services revenue’s share of net revenue was...
Amazon’s third-quarter earnings brought the same concern that shadowed Alphabet’s results a day earlier: whether enormous artificial intelligence investments will deliver enough profit and cash to dispel fears of a spending bubble. Thursday’s (Oct. 29) call revolved largely around AI and Amazon Web Services, which...