The crypto exchange platform saw net revenue climb by 115% compared to Q1 2023. Its net income also rose, with $1.17bn the highest it has reached in the last nine quarters. It was the firm’s second positive quarterly earnings report since the crypto boom petered out in 2022. Transaction revenue rose to $1.07bn, which was…
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The IPO valued the cruise operator at $11.3bn, with over 431 million shares outstanding. By raising $1.54bn, the company had the most successful US IPO of 2024 so far. The IPO was underwritten by companies including J.P. Morgan, UBS and BofA Securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter VIK operates 92…
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The fast-food chain saw sales growth in its restaurants that opened more than a year ago reach a disappointing 1.9% rather than the 2.33% that had been widely predicted. This figure was 12.6% in Q1 2023. MCD suffered with all its geographic regions failing to meet expectations, though some good reasons were given for this.…
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Initial reports suggest that it could be valued at $8bn, but the company hasn’t officially commented on the matter, and negotiations are said to be at a very early stage. The IPO for Coca-Cola Beverages Africa (CCBA) could take place as early as 2025. Coca-Cola noted in its earnings report for Q3 2023 that it…
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This fall occurred on the same day that the S&P 500 was generally on the up following solid profit reports from big names such as Microsoft Corp (MSFT) and Alphabet Inc. (GOOG). Reports concerning how increasing maintenance costs are eating into the company’s oil-refining profits caused the share price to fall. It was the worst…
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Google’s parent company had a poor spell in 2022 but is now back on track. Executives are so pleased with GOOG’s performance that they have agreed to pay shareholders the first quarterly dividend since the company’s public launch at an IPO in 2004. The dividend of $0.20 per share will be paid to shareholders on…
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Revenue was reported at $42.78bn, which exceeded the $40.04bn that had been anticipated. In terms of earnings per share, $0.49 was also better than the estimated figure of $0.42. Net income of $1.3bn has been reported, and adjusted EBIT of $2.8bn. The Ford Pro commercial fleets division provided one of the most impressive returns, with revenue…
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The company’s better-than-expected results were said to be linked to increased credit card spending in the US, where Visa obtains over 40% of its overall global revenue. Adjusted net income for the quarter climbed by 17% to $5.1bn, working out as $2.51 per share. This was $0.07 better than the average analyst prediction. Don’t miss…
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2023 saw Meta’s Reality Labs division lose $16bn, so CEO Mark Zuckerberg announced on Monday that it will be opening up the system so that other tech companies can make hardware using it. His announcement pointed out that Microsoft, ASUS and Lenovo are among the selected early partners that will be working with Meta on…
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This disappointing day followed a weak revenue forecast and confirmation that it will stop reporting subscriber numbers next year. Despite this fall, Netflix is still up 14% so far this year following a strong start to 2024. Expectations for the streaming giant’s Q1 results had been climbing recently, as analysts predicted excellent gains. When the…
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