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Shares of Tinder’s parent company Match Group surged more than 12 percent Wednesday after it said stuck-at-home singles turning to its apps for love have fueled surprisingly strong earnings. The dating juggernaut — which also owns OKCupid, Hinge and Plenty of Fish — beat Wall Street’s forecasts for both earnings and revenue, raking in a …
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After reporting an eye-popping $5 billion loss, Disney said it will release “Mulan” directly to the Disney+ as it looks to its budding streaming service to carry it through the pandemic. Disney Chief Executive Bob Chapek on Tuesday told investors that the live-action version of its popular animated film from 1998 — originally scheduled to …
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After multiple postponements, movie theater chain Cinemark said it’s ready to reopen, citing “high satisfaction” with its COVID-19 protections among theatergoers in Texas. In an earnings conference call on Tuesday, Cinemark Chief Executive Mark Zoradi said the Plano, Texas, company aims to start selling tickets at all of its 345 US-based theaters by August 31, …
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Sony said it expects to log a 40 percent decline in full-year profit at its film and TV studio unit due to the pandemic. That’s marks a revision from the Tokyo-based conglomerate’s warning in May that Sony Pictures Entertainment’s income could dip 30 percent for the year. Sony Pictures, like its rivals in Hollywood, has …
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Shares of “Grand Theft Auto” publisher Take-Two Interactive surged on Tuesday after the company raised its annual sales forecast, citing surging demand from gamers stuck at home because of the coronavirus. The gaming giant on Monday reported robust sales for titles like “NBA 2K,” which saw recurring consumer spending jump 126 percent to a new …
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Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion, according to the share count provided by Apple …
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ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil. The Texas-based oil giant lost nearly $1.1 billion from April to June as COVID-19 caused a historic plunge in oil prices that hammered its production business. That came on the heels of a $610 million loss in …
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Amazon reported blowout sales and profits on Thursday as coronavirus lockdowns had shoppers turning to their phones to buy everything from diapers to groceries. The Seattle-based e-tailing giant — whose billionaire boss Jeff Bezos was just grilled on Capitol Hill Wednesday by top lawmakers probing the company’s competitive practices — shattered Wall Street’s expectations for …
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The work-from-home trend helped Apple boost sales by 11 percent last quarter — and now it’s reducing its stock price by 75 percent to attract new investors. The iPhone maker on Thursday reported earnings per share of $2.58 on revenue of $59.7 billion, beating the Street’s expectations of $2.04 on sales of $52.2 billion. Apple …
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Satellite broadcaster SiriusXM said it’s in talks to retain its biggest star Howard Stern as the business weathers the fallout from the coronavirus. SiriusXM Chief Executive Jim Meyer said Thursday on a second-quarter earnings call that the company has reengaged Stern in talks to re-up his contract, following a lull caused by the pandemic. Stern’s …
Shares of Tinder’s parent company Match Group surged more than 12 percent Wednesday after it said stuck-at-home singles turning to its apps for love have fueled surprisingly strong earnings. The dating juggernaut — which also owns OKCupid, Hinge and Plenty of Fish — beat Wall Street’s forecasts for both earnings and revenue, raking in a …
