Browsing: Earnings

Flutter lowered its full-year outlook after Q2 adjusted EBITDA fell 45% and the company posted a $296 million net loss, citing higher U.K. gaming taxes, one-time tax costs, customer-friendly U.S. sports results and planned investment. Revenue guidance was reduced by $395 million to $17.91 billion, while adjusted EBITDA guidance fell by $210 million to $2.655…

Roblox Corporation (RBLX) delivered a disappointing earnings report this week, triggering a sharp sell-off as investors questioned the company’s ability to reignite its once-rapid growth. One of the biggest beneficiaries of the pandemic-era gaming boom, this platform is now facing mounting skepticism over whether it can sustain growth in a more challenging environment.

Disney’s latest earnings report shows the entertainment giant is still finding new ways to cash in on its biggest franchises. The company posted another profitable quarter for Disney+ and Hulu, announced a major restructuring of its consumer products business, and revealed how artificial intelligence is becoming part of its long-term strategy—all while leaning heavily on…