(Reuters) -Paramount Global beat Wall Street estimates for first-quarter revenue and profit on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses. The company’s direct-to-consumer business, which includes streaming platforms Paramount+, BET and PlutoTV, was strengthened by its originals and post-theatrical releases such as “Gladiator II”. The segment posted revenue of $2.04…
(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS mobile platform, allowing users to ask for content in natural and everyday language. The updates arrive as the streaming giant seeks to maintain and expand its market share amid growing uncertainties and concerns about a…
(Reuters) -Beyond Meat on Wednesday withdrew its annual sales target as macroeconomic volatility and high inflation in the United States added further pressure on faux-meat makers already struggling with weak consumer demand. It had earlier forecast annual net revenue of $320 million to $335 million. The company’s shares were down 5.5% in extended trading after…
By Fabian Cambero SANTIAGO (Reuters) -Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by…
By Arsheeya Bajwa and Stephen Nellis (Reuters) – Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries. While Arm’s fourth-quarter revenue slightly beat analysts’ estimates, companies across the board have provided cautious quarterly…
(Reuters) -Super Micro Computer trimmed its fiscal 2025 revenue expectation on Tuesday, adding to concerns around the server maker’s position in the AI market after a litany of internal issues had brought on a potential delisting Shares of the company fell 5.4% in extended trading. The company now expects 2025 revenue to be in the…
(Reuters) -Rivian lowered its deliveries forecast for 2025 on Tuesday as U.S. tariffs on imported vehicles and auto parts threaten to unsettle the economy and hurt demand for its electric SUVs and pickup trucks. “About the impact of tariffs, it’s a couple of thousand dollars of cost that we’re going to see on a per…
(Reuters) -Lucid stuck to its 2025 production forecast on Tuesday despite the threat of tariffs forcing many automakers to pull back targets, while the luxury electric-vehicle maker reported first-quarter revenue below analysts’ expectations. Demand for pure battery cars in the U.S. has been slowing as consumers, hit with high interest rates and recession worries, gravitate…
(Reuters) -Data and analytics firm Palantir Technologies raised its annual sales forecast on Monday, betting on strong demand for its products that help businesses adopt generative AI technology. Still, shares of the company fell more than 2% in extended trading. Palantir has benefited from a boom in the adoption of GenAI technology as enterprises leverage…
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Brooks Running, which is owned by Warren Buffett’s Berkshire Hathaway, is committed to keeping production in southeast Asia even if U.S. President Donald Trump’s proposed tariffs mean consumers will pay more for its performance running shoes, its chief executive said. Dan Sheridan, a 27-year Brooks veteran and chief executive…
