Block, formerly known as Square and the owner of Cash App, has distinct ambitions. And they vary for each of its business lines. Outside of Square and Cash App, Block also counts the buy now, pay later service Afterpay; decentralized finance and Web3 platform TBD; Tidal, a...
Priority Technology Holdings says its B2B business has helped it reach “record” results. The payments and banking FinTech reported quarterly earnings Thursday (Nov. 7) showing revenues of $227 million, up 20% from $189 million. Priority’s adjusted gross profit came to $86 million, up 18.9%. “We...
Grocery giant Ahold Delhaize saw quarterly sales dip amid product recalls and store closures. The company’s quarterly earnings, released Thursday (Nov. 7), showed net sales in the U.S. of $14.49 billion, a 0.1% decrease, 1% at the actual exchange rate. Impacting the company — whose brands include Giant...
MoneyLion’s third-quarter results showed double-digit growth in customers and revenues as individuals gravitated to what the FinTech’s management termed the company’s “digital ecosystem” for personal finance — with the app and marketplace as key centerpieces. Investor materials noted that total revenues gained 23% to $135...
MercadoLibre’s most recent results show double-digit growth in key metrics such as gross merchandise volume (GMV), items sold and in its credit portfolio. And users of its digital bank, Mercado Pago, soared by 35% year over year, indicating greater reach into financial services. But continued...
CVS Health’s third-quarter earnings results released Wednesday (Nov. 6) reflected the company’s ongoing efforts to adapt to a changing healthcare and retail environment. As it continued to overhaul its operations in response to shifting market dynamics, including the digital transformation of healthcare, CVS faced challenges...
LoanDepot’s earnings showed growth in loan originations as interest rates fell, homebuyers looked to refinance, and the housing market has entered what management termed a more normalized environment. The company returned to profitability for the first time since the fourth quarter of 2022 and introduced...
Card issuing platform Marqeta touted its upcoming collaborations — including a launch with VisaFlex Credential this week — during its third-quarter earnings call on Monday (Nov. 4). The company missed analysts’ expectations, and Wall Street punished its stock, dropping the price almost 32% in trading...
Fidelity National Information Services (FIS) reported results that showed momentum across what management has termed “the money lifecycle,” where funds might be “at rest, “in motion” or “at work.” CEO Stephanie Ferris said during the Monday (Nov. 4) conference call with analysts that recurring revenue...
