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“Overall, we were pleased with the result and would characterize the near-term financial outlook as a modest positive to expectations,” Devin Ryan, JMP Securities financial technology research director, wrote in a note to investors. “Given the continuation of a challenging environment, coupled with all the regulatory headlines, it was nice
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Due to its commendable Q1 2023 streaming numbers, Warner Bros. Discovery expects its streaming business to stay profitable this year. On Friday, May 5, Warner Bros Discovery (NASDAQ: WBD) reported its Q1 2023 earnings before the bell that came in mixed. For instance, the media and entertainment giant reported a significant overall loss despite
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Crypto exchange Coinbase managed to significantly narrow its net loss in the first quarter of 2023, due in part to robust earnings from retail investor trading activity.The company’s net loss fell from $557 million in Q4 2022 to $79 million in Q1, partly attributed to a 22% increase in revenue
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German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets. Deutsche Bank registered its 11th straight quarterly profit according to its Q1 2023 earnings report released Thursday. For the period-ended March 31st, the German banking giant posted a net profit of 1.158 billion euros, or
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Meta’s Q1 2023 performance underscores its commitment to cutting costs and maximizing earnings in its “year of efficiency”. Meta Platforms (META: NASDAQ) recently reported its Q1 2023 earnings, showing an unexpected revenue increase for the first time in four quarters. The tech giant’s shares jumped 12% following the report, which turned out better
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The US Inflation Reduction Act propelled LG Energy Solution to an astounding income haul in its Q1 2023 results. LG Energy Solution Ltd recently posted its Q1 2023 earnings, revealing a more than double profit haul. For the first quarter of the year, the Seoul-based battery company posted a 145% jump
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Leading hamburger purveyor McDonald’s experienced earnings growth for Q1 2023 despite sporting a pricier menu. McDonald’s Corporation (NYSE: MCD) has published its Q1 2023 earnings results which beat the consensus estimate. For the year’s first quarter, the fast food restaurant chain pulled in revenue of $5.9 billion versus the $5.59 billion expected
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According to its Q1 2023 report, beverage giant Coca-Cola realized revenue of $10.96 billion on higher product prices and increased demand. Coca-Cola (NYSE: KO) published a Q1 2023 earnings report that beat estimates, largely by benefitting from price increases and higher demand. For the first quarter of 2023, the beverage giant pulled in
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With Q1 over, the CEO is confident that Philips will deliver on its plan for 2023. Shares of multinational conglomerate corporation Philips (NYSE: PHG) popped 12.72% at the pre-market trading on Monday as the company released its Q1 2023 financial results. The company recorded gains after reporting higher adjusted EBITA and
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According to the CEO of the consumer goods mainstay, Procter & Gamble retains the right strategies to deliver balanced growth. On Friday, April 21, Procter & Gamble (NYSE: PG) reported its fiscal Q3 2023 earnings, which showed the company beat estimates. The multinational consumer goods corporation’s quarterly earnings and revenue came in better than
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