As banks revisit the architecture underpinning payments, fraud controls and digital money movement, FIS’ latest earnings call on Friday (May 8) positioned the company connective tissue linking artificial intelligence (AI), tokenized deposits and regulated banking infrastructure. That strategy framed the company’s first-quarter earnings call, where...
The rivalry between Uber Technologies and Lyft has traditionally revolved around the same core questions: Who could grow faster, subsidize rides longer and survive the brutal economics of ridesharing? The competitive frame has shifted. The market is now mature, profitability matters, and the next frontier...
BILL plans to reduce its workforce by 30% by the end of the quarter as it sharpens its focus on artificial intelligence, BILL CEO and Founder René Lacerte said Thursday (May 7) during the company’s third fiscal quarter 2026 earnings call. The company is accelerating...
Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release. That increase brought the...
Block’s first-quarter earnings report was the company’s first since its sweeping organizational restructuring and staff reductions earlier this year, and management used the call to highlight accelerating toward artificial intelligence-driven automation, embedded financial services and tighter connections between Cash App consumers and Square merchants. CEO...
McDonald’s executives warned Thursday (May 7) that consumers are becoming more cautious with their spending as economic uncertainty continues to weigh on household budgets, prompting more diners to seek out low-priced meals and discounts. On a conference call discussing the company’s first-quarter 2026 earnings results,...
Out-of-pocket drug costs are rising for millions of Americans. Coverage gaps are widening. GoodRx is turning both trends into a business. Pharma Direct, the unit that connects pharmaceutical manufacturers directly to consumers through point-of-sale pricing programs, grew 82% year over year in Q1. The platform...
OppFi saw its total net originations decrease 7% in the first quarter as the company tightened credit and as larger tax refunds reduced its customers’ need for loans. The company’s total net originations amounted to $176 million in the first quarter, down from $189 million...
Adyen’s processed volume increased 21% year over year in the first quarter to reach €382 billion (about $449 billion), showing continued resilience in consumer spending, the company said in a first-quarter business update released Wednesday (May 6). By segment, Adyen’s processed volume saw year-over-year increases...