The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
Category: Company Reports
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E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.
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Tesla’s Sales Fell in First Quarter as Competition Intensified
Sales of the company’s electric cars dropped in the first three months of the year.
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Crafts Retailer Joann Files for Bankruptcy
After pandemic-era boom in sales, Joann has been dealing with a pullback in consumer spending on at-home projects. The retailer will become a private company owned by a group of its creditors.
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Soho House Seeks to Knock Back Its Critics
The members club operator disclosed improving financial results as it faces criticism from a short seller and weighs going private again.
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Soho House Seeks to Knock Back Its Critics
The members club operator disclosed improving financial results as it faces criticism from a short seller and weighs going private again.
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New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns
The lender said its earnings were far weaker than it had earlier stated, and it disclosed the discovery of “material weaknesses” in its internal controls.
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Wendy’s Plans to Introduce Surge Pricing
The company plans to introduce dynamic pricing as early as 2025 along with digital menu boards that would reflect price changes, Wendy’s chief executive said during a February earnings call.