Airbnb’s strong quarterly results on Wednesday showed that despite economic uncertainty due to global tariffs and geopolitical instability, consumers are resilient. But the company, led by CEO Brian Chesky, suggested to investors in a letter to shareholders that things could turn less positive now and...
Shopify saw revenues climb 31% during its quarter while avoiding the impact of tariffs. “Our merchants are succeeding,” Chief Financial Officer Jeff Hoffmeister said on the eCommerce company’s earnings call Wednesday (Aug. 6). “These results exceeded expectations driven by the outperformance in North America and Europe. And importantly, we...
Personal lending platform OppFi recorded record quarterly revenue amid an uptick in loan sizes. The company released earnings Wednesday (Aug. 6) showing revenue increasing 12.8% year over year to a record $142.4 million. Meanwhile, OppFi’s Model 6 system managed 80% auto-approval rates while reducing net charge-offs. “The significant improvements...
Snap says changing consumer behavior and tariff-related pressures are hindering advertising demand. The social media company released earnings Tuesday (Aug. 5) revenues of $1.34 billion, up 9% year over year, while advertising growth slowed to just 4%. CEO Evan Spiegel acknowledged that multiple headwinds, including global economic factors, hurt the...
Triple-digit gains across key business segments — as measured in loan originations and revenues — were not enough to stave off a 7% drop in Upstart Holding’s shares in after-market trading on Tuesday (Aug. 5). Company materials revealed that revenues surged 102% year on year...
Fidelity National Information Services (FIS) shares dipped in intraday trading Tuesday (Aug. 5) as the company posted second-quarter earnings results that showed strength in its banking business, as financial institutions continue to modernize operations. Although the company raised its full-year guidance, third-quarter margin projections seemed...
Online resale marketplace ThredUp credits AI-driven improvements and macroeconomic shifts for the record buyer growth and accelerating revenues seen its second-quarter results reported Monday (Aug 4). The Oakland-based company, which specializes in secondhand apparel, added more new buyers in Q2 than at any time in...
In a commercial real estate environment still grappling with inflationary pressures, evolving consumer behavior and global economic uncertainty, observers would be forgiven for embracing prevailing narratives about the death of brick-and-mortar retail. But as uncertainty prevails, some firms are finding their footing by leaning on...
Shares in Berkshire Hathaway fell more than 3% Monday (Aug. 4) after the firm revealed a drop in quarterly profits. That disclosure had come Saturday (Aug. 2) with the Warren Buffet-led firm’s earnings report, which also included a $3.8 billion write-down in Berkshire’s 27.4% stake in Kraft...