Agentic commerce, stablecoins and steady consumer spending were among the highlights of Mastercard’s third-quarter earnings report on Thursday (Oct. 30). CEO Michael Miebach said on the call that “we continue to see healthy consumer and business spending in the quarter with the macroeconomic environment still generally...
Global commerce platform WEX has found that artificial intelligence has accelerated its product innovation by 20%. WEX CEO Melissa Smith said Thursday (Oct. 30) that those gains have been enabled by the company’s use of AI in customer discovery, prototyping, coding, quality assurance, infrastructure management...
With scale comes complexity. Growing pains, after all, aren’t just for human adolescents — businesses can have them too. Especially businesses whose target audience and customer cohort is largely made up of adolescents, like Roblox. The company’s Thursday (Oct. 30) third-quarter earnings call revealed a...
Carvana said Wednesday (Oct. 29) that its eCommerce platform for buying and selling used cars enabled it to increase its units sold and its revenue at a time when other public retailers’ sales are flat. During the third quarter, the company achieved a 44% year-over-year...
Microsoft is no longer just a software company or even a cloud company. It’s now an AI infrastructure provider shaping how work, creativity and productivity will function in the next decade. For proof, look no further than the tech giant’s successfully restructured relationship with OpenAI,...
Adyen is working with other industry leaders to develop standards for agentic commerce, and the company expects to be able to move quickly to implement a solution, Chief Financial Officer Ethan Tandowsky said Wednesday (Oct. 29). Speaking during Adyen’s third-quarter earnings call, Tandowsky said the...
For Fiserv, a revamp is in the works, amid slowing growth and margin pressure as the company seeks to close competitive “gaps” it has identified. Third-quarter results posted before the market opened Wednesday (Oct. 29), and a guidance cut that pointed to growth rates being...
Booking Holdings is seeing early results from the generative artificial intelligence (gen AI) solutions it offers across its travel and related platforms. The company, which owns the Booking.com, Priceline, Agoda, Kayak and OpenTable brands, offers several gen AI tools and added more during the third...
SoFi reported its Q3 earnings Tuesday morning (Oct. 28), and the message was straightforward: Its mostly prime borrowers look resilient, and their spending is steady. Pressed by analysts on consumer credit, CEO Anthony Noto said the company’s real-time view across checking, investing and lending shows...