Adyen’s first-half results were driven heavily by merchants already on its platform sending it more payment volume, with in-person transactions growing faster than the company’s overall volume. At the same time, merchants are paying closer attention to loyalty as commerce moves across channels and artificial...
Paysafe added more consumers to its digital wallets in the second quarter, but those additional users did not lift overall wallet volume. According to a second-quarter earnings presentation Thursday (Aug. 13), three-month active consumers increased 8% from a year earlier to 7.8 million, the fifth...
For fast food companies, offering diners discounts on meals may no longer suffice. That’s according to a report Tuesday (Aug. 11) by Reuters, which said that recent quarterly earnings from these restaurant chains showed that the brands that performed the strongest were the ones that...
Simon Property Group, saw the results from its premium outlets and other destinations remain strong during the second quarter as the company tied into special events to highlight the unique offerings of physical retail, executives said during a Monday (Aug. 10) earnings call. “Shopper traffic...
Upwork’s second-quarter results, released after market close on Monday (Aug. 10) offered up a snapshot of which freelance jobs are surviving artificial intelligence (AI), which ones may not, and what businesses are willing to pay people to do instead. Earnings material from the company showed...
Rakuten Group achieved its first quarterly profit in six years in the second quarter as it saw revenue growth across its three segments: Internet Service, FinTech and Mobile, the company said in a Monday (Aug. 10) press release. The company’s achievement of a profitable quarter...
CarParts.com and CarGurus are each leveraging their own proprietary data to differentiate their platforms from competitors, executives at the two companies said in their Thursday (Aug. 6) earnings reports. CarParts.com, an over-30-year-old eCommerce company offering automotive parts and accessories, has been building both a digital layer and a...
Airbnb’s push to reinvent itself as an AI-first travel platform is beginning to show up in its financial results, executives said on a Q2 earnings call. The travel platform beat its own expectations on revenue, bookings and profitability while raising its full-year outlook, CEO Brian...
Affordability is one of the biggest opportunities to accelerate online grocery adoption, Instacart CEO and Chairperson Chris Rogers said in prepared remarks for a Thursday (Aug. 6) earnings call. A growing number of retailers are meeting the demand for affordability by offering online grocery delivery via Instacart’s platform with no markups...