A Monzo debit card being used at a payment terminal.MonzoMonzo, the British digital challenger bank, on Monday reported its first full year of profitability.The fintech startup said in annual financial results that its pre-tax profits totaled £15.4 million ($19.6 million) in its 2023-2024 fiscal year, swinging to the black...
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023 amid weakness in its gaming division. The company also narrowly missed its forecast for unit sales of its flagship PlayStation 5...
The logo of semiconductor design firm Arm on a chip.Jakub Porzycki | Nurphoto | Getty ImagesShares of British chip designer Arm fell 8.83% in premarket trading on Thursday, as lackluster revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications.Arm reported fourth-quarter revenue of $928...
The Freetrade logo on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesBritish stock trading app Freetrade hit eked out breakeven earlier this year, the company told CNBC, marking its first-ever move into the black after incurring full-year losses in 2023.Freetrade reported adjusted earnings before interest,...
Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023.Chris Ratcliffe | Bloomberg | Getty ImagesClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump...
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S. premarket trading after the company reported its first profit in two years.Coinbase,...
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019.Krisztian Bocsi | Bloomberg via Getty ImagesDelivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and...
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesU.S.-listed shares of Chinese e-commerce giant Alibaba slid on Thursday after it announced that it would not proceed with the full spin-off of its cloud...
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability.The company reported overall net operating income of 9.2 billion Swedish krona ($843.5 million), up 21% year-over-year. Failing to record...
The Adyen logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesShares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 39% on Thursday after the company reported worse-than-expected sales and a profit drop in the first half of the year.Here's...