Shopify reports Q4 revenue up 31% YoY to $3.7B, vs. $3.59B est., net income down 43% YoY to $743M, and forecasts Q1 revenue growth above est; SHOP drops 10%+
Shopify (SHOP.TO), projected quarterly revenue above market estimates on Wednesday, as the e-commerce platform expects consumer spending …
Kalshi integrates its event trading platform into the popular crypto wallet Phantom; Dune: in November, Kalshi's trading volume hit $5.8B vs. Polymarket's $3.7B
As Kalshi's trading volume surpasses Polymarket's, it will now offer prediction market access to Phantom's 15 million users on Solana.
Nintendo reports Q2 revenue up 90% YoY to ~$3.7B, vs. ~$3B est., ~$667M net profit, vs. ~$412M est., and expects 19M Switch 2 sales by March 2026, up from 15M
Nintendo raised its forecast for sales of the Switch 2 console in its current fiscal year as momentum for its new flagship console grows.
The UK CMA says Getty Images and Shutterstock's $3.7B merger raises competition concerns and gives the companies until October 27 to make a plan to address them
Ian Walker / Wall Street Journal :
Databricks says it expects to generate $3.7B in annualized revenue by July, up 50% YoY; in Q1, it had nearly 50 of its 15,000+ customers spending $10M+ annually
Databricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%.
AMD reports Q1 revenue up 36% YoY to $7.4B, vs. $7.12B est., Data Center revenue up 57% to $3.7B, vs. $3.66B est., and forecasts Q2 sales above estimates
Ian King / Bloomberg :
PayPal reports Q1 net revenue up 1% YoY to $7.8B, transaction margin dollars up 7% to $3.7B, above est., TPV up 3% to $417.2B, and active accounts up 2% to 436M
Paige Smith / Bloomberg :
OpenAI told investors that it expects revenue to more than triple in 2025, from $3.7B to over $12.5B; one-third of the revenue growth would come from SoftBank
New forecasts from OpenAI show the beginning of a dramatic shift in its alliances from Microsoft, its biggest shareholder, to SoftBank, its newest benefactor.
Sources: Anthropic expects to burn $3B in 2025, down from $5.6B in 2024, and make up to $3.7B in revenue in 2025, as it seeks to catch up with OpenAI
After burning $5.6 billion in cash last year, Anthropic said it would reduce that amount by nearly half in 2025 and projected up to $3.7 billion …
US bitcoin miners, including Mara, Riot, and CleanSpark, used BTC's recent price surge to raise $3.7B+ via convertible notes since November 2024 to buy coins
Niamh Rowe / Financial Times :