- Spark Newswire

1 minute read

Audacy Registers 0.8% Revenue Decline In Q4 Due To Challenging Ad Market Conditions; Profits Shrink Reflecting Podcast Expenses

March 15, 9:55 AM

Audacy (NYSE:AUD), a multi-platform audio content and entertainment company, reported a fourth-quarter FY22 revenue decline of 0.8% year-on-year to…

AUD

1 minute read

GDS Clocks 10% Topline Growth In Q4 Backed By Net New Bookings; Updates On International Expansion

By Anusuya Lahiri

March 15, 9:52 AM

GDS Holdings Ltd (NASDAQ:GDS) reported fourth-quarter FY22 net revenue growth of 9.9% year-on-year to $348.6 million, beating the consensus of…

GDS

2 minute read

Apple Joins Cost Cut Bandwagon, Eases On Bonus, Hiring, Triggers Employee Fears Of Layoffs

By Anusuya Lahiri

March 15, 8:58 AM

Apple Inc (NASDAQ: AAPL) is postponing perks for some corporate divisions and expanding a cost-cutting effort joining its peers in streamlining operations amid business slowdown and economic uncertainties.

AAPL

1 minute read

Alibaba Reaches Fresh Deal With China To Boost Hangzhou City’s Digital Economy, Reflecting Improved Relations With Beijing

By Anusuya Lahiri

March 15, 8:54 AM

Alibaba Group Holding Limited (NYSE: BABA) assumed a crucial role in Hangzhou city's plans to lure more internet firms amid the "high-quality and healthy development of platform economy" under a deal with the local market regulator.

BABA

2 minute read

TrueCar’s Analyst Highlights New Vehicle Sales, Migration To Subscription Model As Growth Catalysts, Upgrades Stock

By Anusuya Lahiri

March 14, 3:14 PM

Needham analyst Chris Pierce upgrades TrueCar Inc (NASDAQ:TRUE) from Hold to Buy and a $3.5 price target. Historically, TrueCar was ~2/3rds levered…

1 minute read

Meta’s Restructuring Initiatives Will Create EPS Slingshot Opportunity For Revenue Growth Recovery, Analyst Says

By Anusuya Lahiri

March 14, 2:53 PM

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc (NASDAQ:META) to $305.00 from $275.00 while maintaining an Outperform…

Analysts Downgrade Rating On Qualtrics Post Takeover Deal; View Competing Bid At Higher Price Unlikely

By Anusuya Lahiri

March 14, 2:08 PM

Raymond James analyst Brian Peterson downgrades Qualtrics International Inc (NASDAQ:XM) from Outperform to Market Perform. Silver Lake and CPP Investment agreed to…

SAP

1 minute read

Microsoft Forges Long-Term Deal With Boosteroid After Nintendo, Nvidia To Dispel Concerns Over Activision Deal

By Anusuya Lahiri

March 14, 11:48 AM

On Tuesday, Microsoft Corp (NASDAQ: MSFT) inked a 10-year deal with Boosteroid to bring Xbox PC games to Boosteroid's cloud gaming platform.

ATVI

2 minute read

Meta Prepares To Let 10K Employees Go, Flatten Organizational Structure, Cut Back On Non-Priority Projects

By Anusuya Lahiri

March 14, 11:42 AM

Meta Platforms, Inc (NASDAQ: META) CEO Mark Zuckerberg shared goals under Year of Efficiency, proposing to make it a better technology company and improve its financial performance amid macro uncertainties.

Why Cvent Shares Are Jumping Today

By Anusuya Lahiri

March 14, 9:54 AM

Blackstone Inc (NYSE:BX) affiliates agreed to acquire Cvent Holding Corp (NASDAQ:CVT) in a transaction worth approximately $4.6 billion enterprise value. Cvent stockholders…