All articles tagged with #corporate earnings and results
PepsiCo warns that higher fuel prices will lift input-cost inflation in the second half, with US snacks volumes flat and price cuts weighing on US revenue, while international markets remain resilient. The company posted 6.4% revenue growth to $24.2 billion and kept its full-year guidance, though shares fell on the softer US outlook.
Spotify forecast weaker Q2 subscriber growth and €630m in operating income, below expectations, amid concerns price rises may deter customers; it expects 6m new subscribers to 299m (vs 302m consensus). In Q1 it added 3m paying subscribers (293m) and 761m MAUs on €4.5bn revenue with €721m net income, while stressing cost discipline and signaling an investor day with AI plans.
Block Inc. will cut about 4,000 jobs—nearly half its workforce—while leaning into AI tools, a move CEO Jack Dorsey says reflects how intelligence tools transform building and running a company. The announcement sent Block shares up over 25% after hours; the company reported about $6.3 billion in Q4 revenue and a $234 million hit from bitcoin investments, illustrating the broader AI-driven shift and the crypto-risk backdrop.