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Revenue

Twitter’s Revenue Takes A Massive Nosedive After Advertisers Ditch The App: REPORT

March 6, 2023March 6, 2023
Twitter’s revenue takes a massive nosedive after advertisers ditch the app: report - photo licensed by shore news network.

Madeline Dovi on March 4, 2023 Twitter’s revenue dropped by nearly 40% in December after advertisers fled in the aftermath of CEO Elon Musk’s acquisition …

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Revolut auditor flags concern about $576 million of revenue in long-delayed 2021 accounts

March 1, 2023
Revolut auditor flags concern about $576 million of revenue in long-delayed 2021 accounts - photo licensed by shore news network.

By Stefania Spezzati LONDON (Reuters) -Revolut Ltd’s auditor BDO LLP was not able to independently verify three-quarters of the 636 million pounds ($765 million) of …

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Chile’s Falabella posts Q4 net loss as key sectors see revenue drop

February 28, 2023
Chile's falabella posts q4 net loss as key sectors see revenue drop - photo licensed by shore news network.

(Reuters) – Chilean retailer Falabella on Tuesday reported a fourth-quarter net loss of 22.6 billion Chilean pesos ($26.3 million), after posting a net profit of …

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Green Thumb beats quarterly revenue estimates on adult-use legalization in New Jersey

February 28, 2023
Green thumb beats quarterly revenue estimates on adult-use legalization in new jersey - photo licensed by shore news network.

By Arshreet Singh (Reuters) – U.S. cannabis producer Green Thumb Industries Inc beat fourth-quarter revenue estimates on Tuesday, on the back of legalization of adult-use …

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Beyond Meat forecasts 2023 revenue above market expectations

February 23, 2023
Beyond meat forecasts 2023 revenue above market expectations - photo licensed by shore news network.

(Reuters) – Beyond Meat Inc on Thursday forecast full-year revenue above market estimates, on the back of demand for its plant-based meat products such as …

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Baidu beats fourth-quarter revenue estimates, flags chatbot launch

February 22, 2023
Baidu beats fourth-quarter revenue estimates, flags chatbot launch - photo licensed by shore news network.

(Reuters) – China’s Baidu Inc beat revenue estimates for the fourth quarter on Wednesday, bolstered by strength in its advertising, cloud and artificial intelligence businesses, …

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CoStar ends talks to buy Move Inc, posts weak profit forecast

February 21, 2023

(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News Corp and forecast disappointing first-quarter …

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Unearthed Emails Show Rachel Levine Discussing ‘Potential Revenue’ From Child Sex Change Procedures

February 17, 2023
Unearthed emails show rachel levine discussing ‘potential revenue’ from child sex change procedures - photo licensed by shore news network.

Unearthed Emails Show Rachel Levine Discussing ‘Potential Revenue’ From Child Sex Change Procedures Laurel Duggan on February 17, 2023 Assistant Secretary for Health Rachel Levine …

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Paramount to raise streaming prices as ad slump knocks revenue

February 17, 2023February 16, 2023
Paramount to raise streaming prices as ad slump knocks revenue - photo licensed by shore news network.

By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS …

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JPMorgan CFO sees nearly 20% drop in banking revenue in first quarter

February 14, 2023
Jpmorgan cfo sees nearly 20% drop in banking revenue in first quarter - photo licensed by shore news network.

(Reuters) – JPMorgan Chase & Co, the largest U.S. bank by assets, is expecting a nearly 20% drop in banking revenue in the first quarter, …

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Analysis-Gazprom’s export revenue may fall by 50% in 2023

February 14, 2023
Analysis-gazprom's export revenue may fall by 50% in 2023 - photo licensed by shore news network.

By Oksana Kobzeva MOSCOW (Reuters) – Lost European sales could halve the export revenues of Russia’s Gazprom this year, meaning a steep reduction in tax …

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Chinese chipmaker SMIC warns of weak outlook despite record 2022 revenue

February 9, 2023
Chinese chipmaker smic warns of weak outlook despite record 2022 revenue - photo licensed by shore news network.

SHANGHAI (Reuters) -Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday warned of a weak 2023 despite record high sales last year, as slowing …

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Ferrari names Lorenzo Giorgetti as chief racing revenue officer

February 7, 2023
Ferrari names lorenzo giorgetti as chief racing revenue officer - photo licensed by shore news network.

MILAN (Reuters) – Ferrari said on Tuesday it had appointed Lorenzo Giorgetti to the newly-created position of chief racing revenue officer, tasked with boosting long-term …

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Exclusive-Credit Suisse markets CSFB as ‘super boutique’, sees revenue rebound

February 6, 2023
Exclusive-credit suisse markets csfb as 'super boutique', sees revenue rebound - photo licensed by shore news network.

By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees …

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Cummins sees double-digit revenue growth for fiscal 2023 on engine demand

February 6, 2023

(Reuters) – Cummins Inc on Monday forecast fiscal 2023 revenue growth between 12% and 17%, anticipating strong demand for its engines used in trucks and …

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Twitter to share ad revenue with some content creators

February 3, 2023
Twitter to share ad revenue with some content creators - photo licensed by shore news network.

(Reuters) – Twitter will start sharing revenue from advertisements with some of its content creators, Chief Executive Elon Musk said on Friday. Effective Friday, revenue …

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Johnson Controls misses quarterly revenue estimates on supply chain snags

February 1, 2023
Johnson controls misses quarterly revenue estimates on supply chain snags - photo licensed by shore news network.

(Reuters) – Johnson Controls International reported lower-than-expected first-quarter revenue on Wednesday, as the provider of heating and air-conditioning systems for offices, hospitals and schools struggled …

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Irn-bru maker A.G. Barr sees FY profit, revenue beating expectations

January 31, 2023
Irn-bru maker a. G. Barr sees fy profit, revenue beating expectations - photo licensed by shore news network.

(Reuters) – A.G. Barr said on Tuesday it expects its full-year revenue and profit to beat market expectations, helped by price hikes and steady demand …

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China’s 2022 fiscal revenue growth skids as COVID jolts economy

January 30, 2023
China's 2022 fiscal revenue growth skids as covid jolts economy - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenue rose 0.6% in 2022 from a year earlier, slowing sharply from a 10.7% increase in 2021 due to huge …

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Comcast revenue tops estimates amid cord-cutting, muted broadband growth

January 26, 2023
Comcast revenue tops estimates amid cord-cutting, muted broadband growth - photo licensed by shore news network.

By Helen Coster and Eva Mathews (Reuters) – Comcast Corp’s fourth-quarter revenue beat Wall Street expectations on Thursday, as the media company saw continued demand …

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Northrop Grumman expects strong 2023 revenue as weapon demand surges

January 26, 2023
Northrop grumman expects strong 2023 revenue as weapon demand surges - photo licensed by shore news network.

By Mike Stone and Nathan Gomes (Reuters) – U.S. defense contractor Northrop Grumman Corp on Thursday forecast full-year sales above Wall Street estimates, as it …

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Textron posts quarterly revenue beat on strong business jet demand

January 25, 2023
Textron posts quarterly revenue beat on strong business jet demand - photo licensed by shore news network.

(Reuters) – Cessna jet maker Textron Inc reported a better-than-expected revenue on Wednesday, as a pandemic-driven demand for private jets shows little signs of cooling. …

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Europe’s revenue growth expected to slow to a crawl in Q4

January 24, 2023
Europe's revenue growth expected to slow to a crawl in q4 - photo licensed by shore news network.

LONDON (Reuters) – Revenue at Europe’s largest companies is expected to have risen by just 0.9% in the fourth quarter, Refinitiv I/B/E/S data showed on …

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Nigeria tax receipts rise 56% in 2022 – revenue service

January 23, 2023
Nigeria tax receipts rise 56% in 2022 - revenue service - photo licensed by shore news network.

ABUJA (Reuters) – Nigeria’s tax receipts rose 56% in 2022 to 10 trillion naira ($22 billion), its highest collection on record, the head of the …

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OECD sees revenue gains from new tax pact reaching $250 billion

January 18, 2023
Oecd sees revenue gains from new tax pact reaching $250 billion - photo licensed by shore news network.

PARIS (Reuters) – New cross-border corporate tax rules could yield about a quarter of a trillion dollars in extra revenue for governments, more than previously …

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Spain’s 2023 tourism revenue seen 5% higher than before pandemic

January 17, 2023
Spain's 2023 tourism revenue seen 5% higher than before pandemic - photo licensed by shore news network.

MADRID (Reuters) – Revenue from tourism companies in Spain is likely to be 4.7% higher this year than in 2019, before the COVID-19 pandemic ravaged …

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Twitter considered selling user names to bring in revenue – NYT

January 11, 2023
Twitter considered selling user names to bring in revenue - nyt - photo licensed by shore news network.

(Reuters) – Twitter Inc has mulled selling user names to bring in new revenue, the New York Times reported on Wednesday, citing sources familiar with …

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GE HealthCare expects 5%-7% organic revenue growth in 2023 on strong demand

January 10, 2023
Ge healthcare expects 5%-7% organic revenue growth in 2023 on strong demand - photo licensed by shore news network.

(Reuters) -GE HealthCare Technologies Inc expects organic revenue growth for 2023 to be in the range of 5% to 7% on robust customer demand, the …

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Taiwan to plough $12 billion in excess tax revenue back into economy in 2023

December 31, 2022December 31, 2022
Taiwan to plough $12 billion in excess tax revenue back into economy in 2023 - photo licensed by shore news network.

TAIPEI (Reuters) – Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the …

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Exclusive-ChatGPT owner OpenAI projects $1 billion in revenue by 2024 -sources

December 15, 2022December 15, 2022
Exclusive-chatgpt owner openai projects $1 billion in revenue by 2024 -sources - photo licensed by shore news network.

By Jeffrey Dastin, Krystal Hu and Paresh Dave (Reuters) – ChatGPT, the new chatbot that is the talk of Silicon Valley, can spit out haikus, …

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Twitter to lose users, revenue to be flat for two years – Insider Intelligence

December 22, 2022December 13, 2022
Twitter to lose users, revenue to be flat for two years - insider intelligence - photo licensed by shore news network.

(Reuters) – Social media platform Twitter Inc will see an exodus of users due to changes being made by new owner and Chief Executive Officer …

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Qatar’s Q3 surplus soars on higher oil and gas revenue

December 13, 2022December 13, 2022
Qatar's q3 surplus soars on higher oil and gas revenue - photo licensed by shore news network.

DUBAI (Reuters) – Qatar posted a budget surplus of 30 billion riyals ($8.19 billion) for the third quarter of 2022, boosted by rocketing oil and …

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Broadcom forecasts current-quarter revenue above estimates on cloud strength

December 8, 2022
Broadcom forecasts current-quarter revenue above estimates on cloud strength - photo licensed by shore news network.

(Reuters) – Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment. …

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Paramount Global projects fourth-quarter advertising revenue will decline from third quarter

December 6, 2022December 6, 2022
Paramount global projects fourth-quarter advertising revenue will decline from third quarter - photo licensed by shore news network.

By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising revenue, Chief Executive Officer Bob …

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Buffett-backed Nubank’s revenue surges on robust customer growth

November 14, 2022November 14, 2022
Buffett-backed nubank's revenue surges on robust customer growth - photo licensed by shore news network.

(Reuters) – Nu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer …

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Long Island Businesswoman Convicted of Obstructing the Internal Revenue Service, Filing False Tax Returns, and Structuring Cash Deposits

November 9, 2022
Long island businesswoman convicted of obstructing the internal revenue service, filing false tax returns, and structuring cash deposits - photo licensed by shore news network.

Earlier today, a federal jury in Central Islip returned a guilty verdict on all five counts of superseding indictment charging Lorraine Pilitz, also known as …

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Dorsey’s Block posts a jump in revenue, boosting shares

November 3, 2022
Dorsey's block posts a jump in revenue, boosting shares - photo licensed by shore news network.

By Hannah Lang (Reuters) -Block Inc posted a rise in third-quarter revenue on Thursday as the growth of Cash App helped make up for stagnant …

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Air Lease revenue rises on strong demand for jets

November 3, 2022
Air lease revenue rises on strong demand for jets - photo licensed by shore news network.

(Reuters) – Aircraft lessor Air Lease Corp reported a rise in third-quarter revenue on Thursday, thanks to strong demand from airlines looking to expand their …

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Qualcomm revenue forecast falls short as smartphone sales slump; shares slide

November 2, 2022November 2, 2022
Qualcomm revenue forecast falls short as smartphone sales slump; shares slide - photo licensed by shore news network.

By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc’s forecast for holiday-quarter revenue fell about $2 billion short of Street estimates, as the chipmaker …

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Axa 9-month revenue up 2%, faces 400 million euro hit from Hurricane Ian

November 2, 2022
Axa 9-month revenue up 2%, faces 400 million euro hit from hurricane ian - photo licensed by shore news network.

PARIS (Reuters) -Axa on Wednesday said its revenue in the first nine months of the year increased by 2% and estimated it would have to …

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Fox Corp beats revenue estimates on political ads demand

November 1, 2022
Fox corp beats revenue estimates on political ads demand - photo licensed by shore news network.

(Reuters) -Fox Corp reported better-than-expected quarterly revenue on Tuesday, as the Fox News parent benefited from an uptick in advertising spend ahead of the U.S. …

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Broker TP ICAP third-quarter revenue jumps on market volatility

November 1, 2022

(Reuters) – TP ICAP posted a 14% jump in its third-quarter revenue in reported currency on Tuesday, as the world’s biggest inter-dealer broker benefited from …

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Air Canada revenue more than doubles on strong travel demand

October 28, 2022October 28, 2022
Air canada revenue more than doubles on strong travel demand - photo licensed by shore news network.

(Reuters) – Air Canada said on Friday its quarterly revenue more than doubled as it flew more people, helped by strong summer travel demand, but …

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France’s Safran raises 2022 revenue and cashflow targets

October 28, 2022
France's safran raises 2022 revenue and cashflow targets - photo licensed by shore news network.

PARIS (Reuters) – French jet engine maker and aerospace supplier Safran on Friday raised its full-year revenue and free cashflow forecasts after posting a 29.9% …

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Brazilian airline Gol posts smaller Q3 net loss on record revenue; shares jump

October 27, 2022
Brazilian airline gol posts smaller q3 net loss on record revenue; shares jump - photo licensed by shore news network.

By Gabriel Araujo SAO PAULO (Reuters) -Brazilian airline Gol on Thursday reported a narrower third-quarter net loss on a yearly basis even as it was …

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Xerox shares slide as annual revenue, cash flow forecasts take a hit

October 25, 2022
Xerox shares slide as annual revenue, cash flow forecasts take a hit - photo licensed by shore news network.

(Reuters) – Xerox Holdings Inc’s shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its annual revenue and cash flow …

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Raytheon quarterly revenue climbs on aerospace demand

October 25, 2022

By Mike Stone and Nathan Gomes (Reuters) – Aerospace supplier Raytheon Technologies Corp on Tuesday posted a near 5% rise in third-quarter revenue as air …

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China’s fiscal revenue growth speeds up, but land sales earnings slide

October 25, 2022
China's fiscal revenue growth speeds up, but land sales earnings slide - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenue growth picked up pace in September from a month earlier, according to Reuters calculations based on official data on …

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Microsoft revenue forecast under threat from PC market slump, mighty dollar

October 24, 2022
Microsoft revenue forecast under threat from pc market slump, mighty dollar - photo licensed by shore news network.

By Yuvraj Malik (Reuters) – Microsoft Corp is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts …

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Why Coolgreens is an Ideal Revenue Stream for Prospective Franchisees

October 23, 2022
Why coolgreens is an ideal revenue stream for prospective franchisees - photo licensed by shore news network.

Q&A With Chris Gates, Coolgreens Franchisee There are many different reasons why people decide to invest in a franchise. Whether they want to be their …

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