Square reported earnings Wednesday (May 6) for the first quarter that showed slowing gross payment volumes, impacted by the pandemic and the shuttering of merchant locations, while the company also took reserves against potential losses. Get the Full Story Complete the form to unlock this...
Predicting that U.S. consumers would not return to the gym anytime soon due to the pandemic, connected fitness brand Peloton smoked its quarterly earnings Wednesday (May 6), posting numbers that exceeded even the most bullish expectations. Get the Full Story Complete the form to unlock...
Stay-at-home orders and the mass work-from-home (WFH) migration that flew in the face of America’s sense of freedom acted as a tailwind for handmade eCommerce marketplace Etsy, pushing active buyers and sellers way up during the first quarter. Get the Full Story Complete the form to...
Amid a rise in orders and an increase in customers fueled by the coronavirus pandemic, Grubhub reported a 24 percent year-over-year increase in active diners and an 8 percent year-over-year increase in gross food sales in the first quarter of 2020 compared to the same...
Lyft reported an increase in active riders in the first quarter of 2020 with 21,211, up 3 percent year over year. But that number fell some 75 percent in April amid the coronavirus pandemic, according to CNBC. Get the Full Story Complete the form to...
As has been the trend with earnings reports this quarter, COVID-19 and its global economic effects took center stage when Western Union reported its Q1 results. President and CEO Hikmet Ersek noted that despite “unprecedented times” worldwide, Western Union remains pleased with the progress made toward...
LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away from debt markets and an unprecedented set of headwinds tied to the coronavirus hit the firm’s revenues. Get the Full...
The COVID-19 pandemic hit Disney hard for the first three months of 2020, with overall revenue down $1.4 billion largely stemming from its ravaged theme park sector, which has been closed since mid-March. Get the Full Story Complete the form to unlock this article and...
Not every company is suffering as the world’s economy has come to a virtual standstill and the pandemic death toll rises. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
