Marriott International, Inc. reported on Friday (Nov. 6) as part of its Q3 earnings that revenue per available room (RevPAR) fell 65.9 percent globally, 65.4 percent in North America and 67.4 percent beyond North America, in contrast to Q3 2019. Get the Full Story Complete the form to...
Rare is the earnings announcement and subsequent analyst call that starts with a mea culpa from the CEO. Especially one that’s full of good news on the surface. But that’s exactly what happened Thursday evening (Nov. 5) as Peloton CEO John Foley kicked off what...
Square posted third-quarter results Thursday (Nov. 5) that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Get the Full Story Complete the form to unlock this article and...
Despite continued headwinds from the pandemic, which continue to suppress corporate spend around the world, commercial payments technology firm FLEETCOR is retaining an optimistic outlook for 2021 thanks to evidence of a trajectory of recovery, continued modernization efforts, and an aggressive mergers and acquisitions (M&A)...
It was an eventful week for Uber. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
As expected, the Ant Group initial public offering (IPO) suspension was a factor in Alibaba’s earnings announced Thursday morning (Nov. 5), as China’s largest eCommerce company posted a solid revenue increase but took a hit in profits. Get the Full Story Complete the form to...
LendingClub, the country’s top provider of personal loans, said in earnings results Wednesday (Nov. 4) that demand for borrowing snapped back 80 percent in the third quarter, while the performance of its pre-pandemic portfolio continued to be resilient. Get the Full Story Complete the form...
Regardless of what happens as Alibaba’s earnings are announced Thursday, one story will hang over the proceedings. Alibaba Co-founder Jack Ma is also the founder of Ant Group. Anyone not living in a cave will know that Ant had its IPO suspended by the Chinese...
Upwork reported on Wednesday (Nov. 4) as part of its earnings results that gross services volume (GSV) surged 23 percent year over year to $654.5 million as customers flocked to its freelancing platform. The firm also reported a 13.6 percent marketplace take rate — which...
