Twitter shares fell sharply during trading early Friday morning, after the social media company warned that the number of monthly active users (MAUs) would decline amid efforts to purge dormant accounts, improve the health of the platform and comply with new privacy regulations. Get the...
Spotify’s second quarter as a public company shows that it has increased its paid subscriptions by 40 percent, but it lost $458 million in revenue. According to reports, Spotify now has 83 million paid subscribers, which is an increase from its 75 million from last...
Loyalty and mobile continued to do some productive lifting for Starbucks in its fiscal third quarter of 2018, as those two factors contributed to an 11 percent year-over-year revenue increase, with sales for the coffee chain reaching $6.31 billion. Get the Full Story Complete the...
Discover Financial Services Inc. reported an increase in second quarter earnings as the credit card issuer had strong loan and revenue growth — and also warned analysts that it would pull back on its participation in the personal loan business amid concerns about the amount...
It’s simplistic, misleading and oh-so-very-macho to depict Google and Facebook as two titans that stepped into the ring this week, with one of those companies (you know which one) suffering a bloody defeat, in large part because of the scoring of investors (sorry, boxing judges)....
Equifax Inc., the Atlanta-based credit reporting agency, reported lower earnings in the second quarter, mainly due to weakness in its U.S. Information Services [USIS] business, including lower revenue in both its online information solutions and financial marketing services businesses. Get the Full Story Complete the...
Mondelez, one of the world’s leading snack manufacturers, whose portfolio includes Oreo cookies and Cadbury chocolates, reported better-than-expected earnings growth in the second quarter, with strong performance across most of its business segments. Get the Full Story Complete the form to unlock this article and...
PayPal second quarter earnings were in yesterday (July 25), and despite the fact that PayPal beat analysts’ expectations on revenue, usership and earnings (and announced that its board had approved $10 billion in buybacks), its stock price still fell sharply in after-hours trading. PayPal’s predictions...
Turns out the online and mobile food ordering business has some hefty tailwinds in place. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
