Earnings

Earnings
Virtual Reality Hits Economic Reality as Meta Posts First-Ever Sales Decline
July 27, 2022

Just nine months into its new life as Meta Platforms and the social media giant’s money-losing pivot to the metaverse and augmented reality has slammed head-on into economic reality. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Earnings
LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
July 27, 2022

LendingClub’s transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining traditional consumer debt is becoming unwieldy. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Earnings
Etsy Boasts 6 Million New Buyers in Q2 Results
July 27, 2022

Social media market Etsy has released its Q2 results on Wednesday (July 27) in which the company reported 6 million new buyers and a 10% increase in its revenue even economic headwinds made things challenging. Get the Full Story Complete the form to unlock this article...

Earnings
Alphabet’s Pichai Says AI to Power New Wave of Growth for Google Search
July 27, 2022

If you had to pick one personality trait that you’d most want to see in a pilot, it might likely be the ability to remain calm and collected in a stressful situation. Get the Full Story Complete the form to unlock this article and enjoy...

Earnings
Visa Payments Volume in Q3 136% Above Pre-Pandemic Levels
July 26, 2022

Get up and go — consumers are doing so in droves and using their cards to pay for it all. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Earnings
Chipotle Check Sizes Shrink as Consumers Shift From Family Dining to Individual Ordering
July 26, 2022

Throughout the worst phases of the pandemic, major restaurant brands saw order sizes grow as consumers, stuck inside with their family or other cohabitants, opted for group orders for shared meal occasions. Get the Full Story Complete the form to unlock this article and enjoy...

Earnings
AI, Search and Cloud Computing Propel Alphabet Earnings
July 26, 2022

Alphabet’s Q3 financial results, released Tuesday (July 26), showed that Google Search and Google Cloud were big factors in the company’s growth, along with greater innovations around artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Earnings
Visa Reports ‘Very Strong’ Payments and Cross-Border Volume in Q3
July 26, 2022

In its third quarter results, Visa’s payments volume and cross-border volume were “very strong,” an earnings release Tuesday (July 26) from the company said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Earnings
Upward Pricing Strategy, Doubling Down on B2B eCommerce Pay Off for Unilever
July 26, 2022

According to a recent PYMNTS report, European supermarkets’ own-brand labels have increased their market share compared to more expensive branded goods, triggering a drop in consumer-packaged goods (CPGs) sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...