Ride-hailing firm Lyft said Wednesday (Aug. 12) that its active ridership plunged 60 percent year over year during Q2 due to the coronavirus pandemic, but said signs of recovery are emerging. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Just Eat Takeaway.com, the European food-ordering firm, reported increased revenue and profits for the first half of the year as the COVID-19 pandemic boosted online orders, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Tencent Holdings Ltd., the Chinese maker of the world’s most popular video games, reported its second quarter (Q2) net profits increased by 37 percent, beating market predictions as demand soared as a result of stay-at-home orders from COVID-19. Get the Full Story Complete the form to...
Revolut’s website promises to deliver “All your money needs in one app.” With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Get the Full Story Complete the form to unlock this...
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...
