Microsoft’s artificial intelligence (AI) initiatives are delivering unprecedented growth, with the company announcing its AI business is on track to surpass $10 billion in annual revenue run rate next quarter, marking the fastest acceleration to that milestone in the company’s history. “AI-driven transformation is changing...
Uber is looking beyond major cities for growth amid a jump in its membership program. The ride hailing/delivery company released quarterly earnings Thursday (Oct. 31) showing that its Uber One program now has more than 25 million members, a 70% increase year over year. In addition, the...
Youth-focused video game and metaverse company Roblox is experience a growth spurt. Users over the age of 13 are now a majority of the company’s hundreds of millions of users. “We’re currently at less than 3% of our TAM in the gaming market space,” executives...
Booking Holdings is seeing early results from growth initiatives while also recording better-than-expected gains in the third quarter. The company’s efforts to advance its “connected trip” vision, to continue developing its artificial intelligence (AI) capabilities and to grow alternative accommodations all saw progress during the...
Facing declining customer visits, Starbucks is set to embark on a restorative journey to reclaim its identity and enhance the overall experience. During the company’s fourth-quarter and full-year earnings call Wednesday (Oct. 30), CEO Brian Niccol outlined a plan to refocus the company on its...
Robinhood Markets has made its name as a place for younger investors to day trade meme stocks, crypto and options on their phones. And on Wednesday’s (Oct. 30) third quarter 2024 earnings call, the retail trading platform’s executives emphasized to investors that their main aim...
With the fourth quarter now underway, major players in the consumer packaged goods (CPG) industry are facing a landscape marked by challenges and opportunities. Companies such as Mondelez International, Kraft Heinz, Procter & Gamble and Colgate-Palmolive have released their latest earnings results, offering insights into...
Fiverr shares rocketed ahead by roughly 30% on Wednesday morning (Oct. 30) after third-quarter results highlighted that programs geared toward encouraging buyers to spend more — as they seek freelancers for “complex” projects — are bearing fruit. And, as been seen with past earnings reports,...
Alphabet held its quarterly earnings call today (Oct. 29) and like the past few such events the content was more about AI than it was about earnings. But then again, that’s exactly what the company is aiming for. It wants the company’s products, from Google...
