Earnings

Earnings
Vroom Says ‘Aged’ Cars Made Up 80% of Sales
August 09, 2023

Online car-buying platform Vroom said its inventory troubles should turn a corner later this year. 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, PYMNTS Today....

Earnings
Cash App Renewal’s Squared Away as Marqeta CEO Sets Sights on Marketplaces, Embedded Finance
August 09, 2023

Cash App’s firmly in place — and will be a significant contributor to Marqeta’s top line for years to come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Earnings
Online Retailer Coupang Reports 10% Growth in Active Customers
August 09, 2023

Coupang Inc., the South Korean online retailer known for its early and one-day delivery, posted its fourth consecutive quarterly profit, driven by efficiencies in logistics and membership programs that bolstered margins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Earnings
Toast Says Controversial $0.99 Consumer Fee Had No Impact on Pricing, Win Rates
August 08, 2023

Less than a month after restaurant point of sale (POS) provider Toast rolled back its decision to add a $0.99 fee for consumers on online orders of $10 or more, company executives have reiterated — following similar remarks in a July 19 statement — that adding the controversial order processing...

Earnings
Omnichannel Commerce Boosts The Honest Company in Q2
August 08, 2023

The Honest Company, founded by movie star Jessica Alba, posted its second-quarter results Wednesday (Aug. 8), which showed a revenue bump from recent retail distribution deals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Earnings
LoanDepot Posts Loss, but Origination Volume Up 27% from Q1
August 08, 2023

Mortgage company loanDepot released its second-quarter earnings Wednesday and saw a seasonal bump in loan originations. 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...

Earnings
Oscar Health Targets Rural Areas to Fuel Growth Beyond Q2
August 08, 2023

Health technology company and insurance platform Oscar Health announced “strong” second quarter 2023 earnings on Tuesday (Aug. 8), telling investors that its growth strategy for 2024 will focus on leveraging its provider partnerships to expand into more rural areas. Get the Full Story Complete the form to...

Earnings
Upstart’s Unsecured Loan Automation Reaches All-Time High
August 08, 2023

Artificial intelligence (AI) lending platform Upstart has reached a record percentage of automated unsecured loans. 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, PYMNTS Today....

Earnings
Allbirds Q2 Revenue Takes Hit Amid Currency Exchange Headwinds
August 08, 2023

Direct-to-consumer (D2C) clothing and footwear retailer Allbirds on Tuesday (Aug. 8) posted “better-than-expected” second quarter earnings, amid decreases in average selling prices, currency exchange headwinds and an overall challenging macroeconomic environment. This comes as the San Francisco-based footwear brand continues to focus on transforming its business...