Spotify Founder and CEO Daniel Ek believes the company’s approach to flexibility for its customers is a key success factor. Second-quarter earnings, reported on Tuesday (July 23), highlightedSpotify’s accelerated revenue growth, achieving record highs for both gross margin and operating income. Innovations like daylist and...
On Thursday (July 25), American Airlines announced a record second-quarter (Q2) revenue of $14.3 billion. However, net income plunged 46%, to $717 million, while a “bright spot” was its loyalty program. During the company’s earnings call, American Airlines CEO Robert Isom acknowledged the poor performance, pointing to a...
Wyndham Hotels & Resorts is investing in artificial intelligence (AI) amid record growth in its room pipeline. The hotel and resort chain released earnings Wednesday (July 24), showing its development pipeline had grown 7% year over year to a record 245,000 rooms. Revenue per available...
Global commerce platform WEX is looking to artificial intelligence (AI) and commercial electric vehicles (EVs) as opportunities for growth after reporting record quarterly revenue. “We are expanding our position as a market leader by meeting our customers where they are with new, innovative solutions,” WEX...
As toys and games retailers look to adapt to consumers’ evolving habits and preferences, Hasbro is seeing the industry transformed by more adult and more digitally engaged customers. The toy and game company shared on a call discussing its Q2 2024 financial results Thursday (July...
AT&T is finding that by offering both mobility and broadband services, it’s gaining and retaining more customers. The company added 419,000 postpaid phone subscribers during the second quarter, up from 326,000 during the same quarter a year earlier, executives said Wednesday (July 24) during the...
As restaurants look to boost digital engagement, Chipotle is seeing that its efforts to make online participation more exciting are paying off. The fast-casual restaurant chain, which has more than 3,500 locations across six countries, shared on a call discussing its second quarter financial results,...
Fiserv’s momentum with its Clover point of sale technologies continues to help underpin revenue growth, while management charted a path for its partnership with Apple, enabling new Apple Pay functionalities. CEO Frank Bisignano said on the conference call with analysts that clients have been “engaging...
Tesla is investing in artificial intelligence (AI) as it anticipates the “next major growth wave.” That wave will be driven by advances in autonomy and the introduction of new products, the company said in a presentation released Tuesday (July 23) in conjunction with its quarterly...
