Digital commerce firm Lightspeed continues to see success from its unified payments platform. The combined point-of-sale (POS) and payments platform, which debuted last year, helped increase the company’s gross payments volume (GPV) by 69% this year, management said during an earnings call Thursday (Feb. 8). Revenues were up 27%...
Slowing growth. A churning of inactive accounts. A slew of puts and takes dominated PayPal’s earnings Wednesday (Feb. 7), and a number of flat metrics sent investors headed, at least initially, for the exits in after-hours trading. The stock was down 7% Wednesday evening. Revenue...
It has been a good year for Mattel, and the toy giant is looking to capitalize on the recent surge in enthusiasm to drive digital and direct-to-consumer (D2C) sales. In a presentation shared with analysts Wednesday (Feb. 7) accompanying the company’s fourth quarter and full-year...
CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts aim to provide consumers with accessible care options, whether in-person, virtually or at home, the company told investors on a call. In terms...
Uber Technologies’ most recent fourth-quarter results, released Wednesday (Feb. 7), show increased cross-selling among members taking advantage of mobility and delivery, and increased use of the platform with a growing roster of users. Supplementals released by the company detail that the active consumers were up 15% year...
Taco Bell parent Yum Brands is continuing its investment in digital technology. During a quarterly earnings call Wednesday (Feb. 7), CEO David Gibbs noted that digital sales were up 22%, as the company dealt with challenges, including conflicts in the Middle East and shifting consumer...
Ant Group reportedly saw a 92% decline in its quarterly profit. The FinTech company continues to face challenges in reviving its business amid an economic downturn and regulatory scrutiny, Bloomberg reported Wednesday (Feb. 7). Ant Group’s profit contributed 80 million yuan (about $11 million) to...
The metaverse, creator economy and artificial intelligence (AI) are among the 21st century’s biggest trends. And video game developer Roblox, which enjoyed its first-ever quarter with over $1 billion in bookings, finds itself at the intersection of all three. This, as Roblox announced its fourth-quarter...
H&R Block’s mobile banking platform has nearly quadrupled its customer deposits over the past year. Since its launch in January 2022, in cumulative results as of Dec. 31, 2023, the app, Spruce, has garnered $456 million in customer deposits, the company said in a slide presentation released Tuesday...
