Anyone looking for a scoop on a prospective Amazon deal left disappointed. But the Simon Property Group earnings announcement and subsequent phone call did provide insight into what the pandemic looks like from a real estate perspective, and the view wasn’t exactly scenic. Get the...
Marriott International Inc. reported on Monday (Aug. 10) that comparable dollar revenue per available room (RevPAR) plunged 84.4 percent worldwide in Q2 on a constant-currency basis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Mercari, the Japanese shopping platform that allows users to buy and sell almost anything, reported its net sales surged nearly 48 percent for the fiscal year ending June 30, but operating losses grew 58.9 percent. Get the Full Story Complete the form to unlock this...
Q2 was a lousy time to be in the live events business, as Live Nation‘s recent earnings report demonstrates. Worldwide stay-at-home orders pretty much closed the doors on concerts, raves, festivals, sporting events and any other large public gathering, and Live Nation saw its revenues drop...
The pandemic weighed heavily on The RealReal’s second-quarter earnings announced Thursday (Aug. 6), leading to a steep drop in its results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Before Q2 2020, Uber was the innovator that launched the concept of a digitally backed ridesharing business with a growing side hustle in the world of delivery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Reporting revenues of $3.47 billion for its second quarter 2020 — a jump of 129 percent from Q2 2019 — Fiserv President and CEO Frank Bisignano said Wednesday (Aug. 5), “We demonstrated the strength and resilience of our business model during the quarter.” Get the Full...
Online crafts giant Etsy Inc. reported huge Q2 gains Wednesday (Aug. 5) in its total number of buyers, sellers and gross merchandise sales as COVID drove consumers to its platform to purchase face masks and other items. Get the Full Story Complete the form to...
Carvana, which works in the market of selling used cars online, announced its revenue was sitting at $1.12 billion and that it had sold 55,098 units in the second quarter, according to a press release. Get the Full Story Complete the form to unlock this...
