Intel manufacturing business will see ‘meaningful’ revenue in 2027, CFO says
By Max A. Cherney (Reuters) – Intel will begin to generate a “meaningful” amount of revenue from its contract chip manufacturing business in 2027, the company’s CFO said at an…
Brazil’s government considers taxing big techs if revenue falls short
By Marcela Ayres BRASILIA (Reuters) – Brazil’s Finance Ministry will submit proposals to Congress this year to tax big tech companies and implement a global minimum tax of 15% on…
Zoom lifts revenue forecast on growing demand for AI tools used in hybrid work
By Juby Babu (Reuters) – Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and…
Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
By Jaspreet Singh (Reuters) – Wolfspeed forecast first-quarter revenue below estimates on Wednesday, anticipating manufacturing issues that could affect its production capacity amid slowing EV sales. Shares of the chipmaker,…
Shopee-owner Sea signals strong online shopping momentum with revenue beat
By Yuvraj Malik (Reuters) – Sea Ltd beat revenue estimates for the second quarter and raised its forecast for e-commerce platform Shopee, signaling robust demand for online shopping in Southeast…
Walt Disney warns theme park revenue to fall, profit slips
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney predicted a ‘moderation in demand’ at its theme park business in coming quarters, overshadowing the success of the…
Reddit forecasts quarterly revenue above estimates on strong ad spend
By Jaspreet Singh (Reuters) – Reddit forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social…
Airbnb forecasts lower third-quarter revenue as economic worries slow demand
By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to…
Streaming giants challenge new Canadian revenue-sharing rules
By Ismail Shakil OTTAWA (Reuters) – Global streaming companies said on Thursday they were challenging new Canadian rules that oblige them to help pay for local news, saying Canada’s federal…
German battery maker Varta cuts 2024 revenue forecast
By Urvi Dugar (Reuters) – German battery maker Varta AG on Thursday said it would cut its full-year revenue forecast for 2024 due to the declining demand in the energy…