Already facing harsh criticism from an activist investor, FinTech OnDeck reported a $59 million first-quarter net loss and $57.6 million adjusted net loss due to an increased allowance set aside to cover credit losses from the COVID-19 pandemic. Get the Full Story Complete the form to...
Facebook’s earnings results showed the impacts of a pandemic that proved to be headwinds on its advertising business, but logged gains in monthly and daily active users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Amid a focus on off-premise dining and digital technology, Yum! Brands CEO David Gibbs said the firm saw early signs of recovery in markets first impacted by the coronavirus and stabilization in other places. About 7,000 of its global stores were closed as of its 8-K filing,...
Mastercard posted results that showed a steep falloff in transactions and cross-border volumes, as measured year over year, as the quarter progressed and the coronavirus pandemic hurt spending levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Call it a tale of two quarters – or, more specifically, a quarter that can be divided into “before coronavirus” and “during coronavirus.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The year 2020 started strong for Starbucks, CEO Kevin Johnson noted in his call with investors after the firm’s second-quarter earnings hit the wires Tuesday (April 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As consumers turned to biscuits and chocolate for comfort amid the coronavirus pandemic, Mondelez International Inc. held or gained market share in roughly 80 percent of its markets in the first quarter. Get the Full Story Complete the form to unlock this article and enjoy...
Adyen reported its processed volume for the first quarter of 2020 rose by 38 percent year-on-year, with an extension of historical growth trends over the first two months of the year. The payment firm said in an earnings release that it hasn’t changed its medium- to long-term...
American Express reported results Friday (April 24) that showed a marked decline in card spending in the last few weeks of the first quarter tied to a worsening economic environment in the wake of the global COVID-19 pandemic, and built reserves for its credit losses....
