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Profits

All articles tagged with #profits

How Augusta National Keeps Masters Concessions Cheap for Decades
sports-business2 days ago

How Augusta National Keeps Masters Concessions Cheap for Decades

Concession prices at the Masters stay unusually low (e.g., $1.50 for a sandwich, $2 for soda, up to $6 for a beer) because Augusta National reinvests tournament profits into future events rather than paying members. Since its founding, the Masters has funded the club’s survival and growth, rolling profits into next year’s budget instead of distributing them, while prioritizing the event’s vibe, limited on‑course advertising, and long‑term sponsorship deals over maximized on-site revenue. Merchandise and media rights generate substantial income, but prices reflect a tradition-focused philosophy rather than a profit-maximizing model.

via The New York Times|
#augusta-national#concessions#masters
Wall Street bonuses climb to about $247k as profits surge
business16 days ago

Wall Street bonuses climb to about $247k as profits surge

New York State Comptroller data show the average Wall Street bonus last year was $246,900, up 6% from 2024, with securities profits up more than 30% to $65.1 billion and the bonus pool reaching a record $49.2 billion (excluding stock options and other deferred pay); inflation-adjusted totals peak in 2006, and last year’s bonuses remain below the 2020–21 boom. The findings underscore a solid year for finance that supports state budgets, while officials warn of risks from slower job growth and geopolitical tensions.

via Axios|
#bonuses#business#new-york-state-comptroller
VW Plans 50,000-Job Cut Amid Profit Slump
business1 month ago

VW Plans 50,000-Job Cut Amid Profit Slump

Volkswagen Group will cut 50,000 German jobs by 2030 after net profit dropped 44% to €6.9bn in 2025, with revenue around €322bn and operating profit halved to €8.9bn, as geopolitical tensions, a China slowdown, and Porsche’s strategic shift weigh on results; the unprecedented job reductions go beyond 2024 agreements as the group seeks to restore profitability going into 2026.

via Euronews.com|
#business#china#layoffs
EA Restructures Battlefield 6 Dev Teams as Launch Profits Hit High Note
business1 month ago

EA Restructures Battlefield 6 Dev Teams as Launch Profits Hit High Note

EA reportedly laid off developers across Criterion, Dice, Motive, and Ripple Effect who worked on Battlefield 6, despite the game’s strong launch sales and ongoing profitability. EA framed the moves as a realignment to focus on community-driven priorities and the Battlefield franchise overall, with comments that they will continue investing in the series. The layoffs follow other cuts and a broader cost-reduction push tied to investor ownership changes.

via TechPowerUp|
#battlefield-6#business#ea
Nintendo Weighs Switch 2 Price Hike as Memory Costs Rise
business2 months ago

Nintendo Weighs Switch 2 Price Hike as Memory Costs Rise

Nintendo reports strong Switch 2 demand with 17.37 million units sold since June 2025 and a forecast of 19 million for the year, but president Shuntaro Furukawa says a price increase is being “carefully considered” after reviewing platform adoption, sales trends, costs, profitability and market conditions. Rising memory prices could pressure profits in the next fiscal year, though there are no immediate risks for the current year. Nintendo will monitor the situation and provide updates as needed.

via Nintendo Life|
#business#memory-prices#nintendo
Gothams pitches seven-year Gaza logistics monopoly with 3x returns
world2 months ago

Gothams pitches seven-year Gaza logistics monopoly with 3x returns

A November draft from US disaster-response firm Gothams LLC proposed a fully integrated Gaza logistics system that would give the contractor a seven-year exclusive contract and a minimum three-times return on capital, plus fees for each truck and for warehousing. The Guardian reports the plan has attracted White House interest amid discussions around a Trump-chaired Board of Peace, but officials say no contract exists yet and includes informal talks with investors; critics call the terms exorbitant in a context where Gaza’s reconstruction is estimated at about $70 billion.

via The Guardian|
#board-of-peace#gaza#gothams-llc
Southwest Airlines Surges Despite Profit Drop, Analysts Optimistic
business3 months ago

Southwest Airlines Surges Despite Profit Drop, Analysts Optimistic

Despite a 42% profit decline in the first nine months of 2025, Southwest Airlines' stock has surged nearly 24%, driven by strategic initiatives like switching to assigned seating and offering extra legroom for a fee, which analysts believe will boost future earnings. The airline's transformation efforts and market optimism have led to a significant stock rally, even amid industry challenges and demand dips.

via CNBC|
#airline-industry#business#profits
UK Recovers £74M from Asylum Hotel Profits
politics5 months ago

UK Recovers £74M from Asylum Hotel Profits

The UK government has recovered £74 million from companies running asylum hotels, following a review of contracts, but this amount is a small fraction of the total £2.1 billion spent on asylum accommodation in 2024/25. The government aims to reduce reliance on hotels, cut costs, and eventually close all asylum hotels, with plans to use alternative accommodations like military sites. Critics argue that the government needs a long-term, cost-effective plan for asylum housing.

via BBC|
#asylum#costs#government