Profit

**Warner Bros. Discovery CEO David Zaslav reveals stunning streaming profit growth in first quarter**

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Los Angeles, California – Warner Bros. Discovery, led by CEO David Zaslav, reported a first-quarter profit of $86 million for its Direct-to-Consumer (DTC) unit, which encompasses streaming and premium pay-TV services. This marked a significant increase from the $50 million profit recorded a year prior and followed a profitable full-year in 2023. By the end of March, Warner Bros. Discovery had amassed 99.6 million global streaming subscribers, surpassing expectations and demonstrating growth in its subscriber …

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**Rivian** reveals cost-saving shift in production location, reaffirms modest profit forecast in 2024

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Laguna Beach, California – Electric vehicle manufacturer Rivian reported a mixed first-quarter financial performance, with revenue slightly exceeding expectations but a higher-than-expected loss per share. Despite the quarterly results, Rivian anticipates cost savings from relocating R2 production to its plant in Normal, Illinois, and reducing its capital expenditure projections. The company also restated its full-year loss forecast and remains optimistic about achieving a “modest gross profit” by the fourth quarter of this year. A highlight …

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**Streaming Profit:** Disney Turns DTC Segment Profitable, Stock Drops 10% – Here’s Why

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Los Angeles, California – Disney announced on Tuesday that its streaming business has finally turned a profit, marking a significant milestone. However, the company also projected weaker results in this segment for the current quarter, causing its stock to drop nearly 10% in early trading. This forecast underscores the challenges Disney faces in maintaining profitability in streaming, especially as its traditional TV business declines. Under the leadership of CEO Bob Iger, Disney has implemented a …

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UBS Profit Soars After Credit Suisse Takeover – See How They Did It!

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Zurich, Switzerland – UBS, the Swiss multinational investment bank and financial services company, has exceeded expectations by reporting its first profit since its takeover of Credit Suisse. The bank’s shares saw an 8% increase following this positive financial news. This turnaround in profitability for UBS comes at a time when the company has been working to regain market confidence after a period of financial challenges. The successful performance has been attributed to the bank’s focus …

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UBS Smashes Expectations with $1.8 Billion First Quarter Profit – What’s Next for the Banking Giant?

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Krakow, Poland – UBS, the Swiss banking giant, has reported a significant swing back to profit following two consecutive quarterly losses. This turnaround was driven by the bank’s impressive performance in the first quarter, which exceeded expectations, thanks to increased revenues in wealth management. The first quarter saw UBS post a net profit of $1.8 billion, surpassing the consensus forecast and reflecting the positive impact of lower expenses and consolidation benefits stemming from the takeover …

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UBS Shocks Analysts with $1.8 Billion First Quarter Profit – Find Out How They Did It!

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Krakow, Poland – UBS, a multinational investment bank, exceeded analyst expectations by reporting a net profit of $1.8 billion for the first quarter of the year. This impressive result was attributed to lower expenses following the acquisition of Credit Suisse in June 2023. The bank’s net profit of $1.8 billion far outperformed the consensus forecast of $721.4 million in an LSEG poll. Group revenue for UBS totaled $12.74 billion, surpassing expectations and showing growth from …

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Shell Crushes Expectations with $7.7 Billion First Quarter Profit, Outperforming Oil Giants like Exxon and Chevron

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Radstock, England – Oil giant Shell reported stronger-than-expected first-quarter profits on Thursday, attributing the growth to higher refining margins and robust oil trading. The company’s adjusted earnings of $7.7 billion exceeded analyst expectations of $6.5 billion for the first three months of the year, according to an LSEG-compiled consensus. Despite the positive results, Shell’s first-quarter profit saw a decline of roughly 20% compared to the same period a year earlier, aligning with a broader trend …

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Smartphone Market Rebound: Qualcomm Expects Surge in Sales and Profit

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Qualcomm Inc., based in San Diego, California, has announced a positive outlook for sales and profits in the upcoming period, hinting at a potential increase in smartphone demand after a two-year decline. The company forecasts revenue ranging from $8.8 billion to $9.6 billion for the period ending in June, with earnings per share projected to be between $2.15 and $2.35, excluding certain items. This outlook reflects Qualcomm’s anticipation of a gradual recovery in smartphone demand …

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Pfizer Boosts Profit Forecast After Strong Quarter: What’s Fueling the Growth?

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New York, USA – Pfizer, one of the leading pharmaceutical companies, raised its annual profit forecast after reporting strong first-quarter results. The company exceeded Wall Street’s expectations, driven by cost cuts, solid sales of its COVID antiviral treatment, and robust performance of its pneumonia vaccine. Pfizer’s acquisition of Seagen for $43 billion also proved beneficial, with sales of the cancer treatment Padcev surpassing analysts’ estimates. The company’s strategic move to cut costs by $4 billion …

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Earnings “McDonald’s Misses Profit Estimates – Customers Turning Picky”

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Los Angeles, CA – McDonald’s, the fast-food giant, experienced a rare miss in profits as customers became more selective in their dining choices. This unexpected turn of events has led to a decrease in sales for the popular chain. The earnings report revealed that diners are pulling back, particularly in the Middle East, where boycotts have impacted sales. Additionally, rising prices at McDonald’s have been pushing some customers away, further contributing to the profit miss. …

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