In its earnings report released Tuesday (July 23), Spotify showcased a record-breaking second quarter, driven by features in its music offerings such as daylist and AI DJ, alongside expansions into video podcasts and audiobooks. These developments have bolstered user engagement, the company said, reinforcing Spotify’s...
As banks weighed in this month with their earnings reports, Wall Street has focused on earnings per share, investment banking revenues and the state of capital buffers and credit reserves. Here at PYMNTS, we dig into the management commentary and the filings to find out...
Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays as a result of the CrowdStrike-led Microsoft outage late Thursday (July 18). United Parcel Service (UPS) has been particularly impacted...
Seven months after launching an artificial intelligence (AI)-focused restructuring program, SAP said Monday (July 22) that it has raised its 2025 operating profit ambition to reflect the efficiency gains it expects to see from that program. “We continued to execute on our transformation program with...
Across today’s banking landscape, the phrase “higher for longer” isn’t just being applied to interest rate commentary. According to executives on Truist Financial Corporation’s second-quarter 2024 earnings call Monday (July 22), higher for longer is also the degree of investment financial institutions are increasingly pouring...
This quarter’s bank earnings, like the macro environment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth Third Bancorp executives, who told investors during a second-quarter 2024 earnings call on Friday (July 19) that it “continues to be an uncertain...
During Thursday’s Q2 earnings call, Netflix officials discussed a redesigned homepage aimed at improving content discovery for users, along with excitement connected to its advertising business targeting subscription tiers with streaming ads. Netflix Co-CEO Greg Peters said during the call that continually enhancing the member...
Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for total loans were down 0.1% compared to the previous quarter and down 1.3% compared to the second quarter of 2023,...
Paytm reported Friday (July 19) that its operating revenue slipped again in the quarter ended in June as it continued to deal with regulatory troubles. The Indian FinTech’s operating revenue for the quarter was about 15 billion rupees, down from 19.8 billion rupees in the...
