Topic: financial performance
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e& Shatters Profit Records, Expands 5G and AI Across UAE
e& reported record financial results for H1 2025, with revenues of AED 34.9 billion (up 23.3%) and net profit of AED 8.8 billion (up 60.7%), driven by digital services and a growing subscriber base. The company launched the UAE Sovereign Cloud Launchpad with AWS and the Cybersecurity Council, a b...
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Chime’s $14.5B IPO After 100 VC Rejections in 2016
Chime achieved a $14.5 billion valuation in its IPO, raising $864 million with shares surging to $42 at opening, reflecting strong investor confidence. The neobank reported revenue growth from $1.3 billion in 2023 to $1.7 billion in 2024, narrowing losses and briefly turning a profit in early 202...
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Physics Wallah IPO Soars, Defying India's Edtech Slump
Physics Wallah's shares surged 44% in their market debut, achieving a $5 billion valuation and signaling a potential revival for India's edtech sector. The company raised $393 million through its IPO, with most funds from new shares, and stands out amid industry struggles like those faced by Byju...
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Anthropic Aims for $70 Billion Revenue by 2028
Anthropic projects staggering financial growth, targeting up to $70 billion in revenue and $17 billion in cash flow by 2028, driven by its expanding suite of business products. The company is advancing its B2B strategy through partnerships with Microsoft and Salesforce, deploying its AI assistant...
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Liftoff Mobile, Backed by Blackstone and General Atlantic, Files for IPO
Liftoff Mobile, a major mobile app marketing platform formed by a 2021 merger backed by Blackstone, has filed for an IPO to enter the public markets. The company reported strong 2025 revenue of over $519 million but also a $48 million net loss and carries a significant $1.85 billion debt load. Th...
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Notion's $11B Employee Share Sale Fuels AI Growth Surge
Notion is allowing employees to sell equity at an $11 billion valuation, providing liquidity ahead of a potential IPO, with the tender offer facilitated by major investors and reflecting strong financials including over $600 million in annual recurring revenue. The company's growth is increasingl...
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Revolut Valued at $75 Billion in New Funding Round
Revolut has achieved a $75 billion valuation, making it one of Europe's most valuable private tech companies and highlighting strong investor confidence. The company is expanding globally with a banking license in the EU and operations in countries like the U.S., India, and Brazil, with plans to ...
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Elden Ring: Shadow of the Erdtree DLC Arrives by March
The Elden Ring DLC "Shadow of the Erdtree" is confirmed to launch by the end of March, following the game's exceptional commercial success. FromSoftware is developing multiple future projects, including the Nightreign DLC, a Nintendo Switch 2 "Tarnished Edition" in 2026, and a new title called "T...
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Via Stock Rises Slightly Above IPO Price After Slow Start
Via's IPO was priced at $46 per share, raising $493 million, with shares closing above $49 and valuing the company at $3.9 billion. The company, which provides transit optimization software to 689 cities, plans to use IPO proceeds for growth initiatives and strategic acquisitions. Via has shown s...
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Mike Cagney Returns to Public Markets with Figure's IPO Filing
Figure Technology, a blockchain lending firm, has filed for an IPO on Nasdaq with Goldman Sachs, Jefferies, and BofA Securities leading the underwriting, though share and pricing details are not yet disclosed. The company reported a 22.4% revenue increase to $191 million and a profit of $29 milli...
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Paytm secures key regulatory win after investor exit
Paytm secured RBI approval to operate as an online payment aggregator, enabling it to onboard new merchants and process digital transactions after resolving compliance issues. Ant Group sold its remaining 5.8% stake in Paytm’s parent company, aligning with India’s foreign investment rules, as Pay...
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Victoria’s Secret Recovers From Cyberattack, Restores Key Systems
Victoria’s Secret has restored critical systems after a late May cybersecurity breach, with no expected major financial impact, though the full scope is still being assessed. The company delayed its first-quarter earnings release due to the breach but maintains strong financial projections, with ...
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eBay Acquires Depop From Etsy in $1.2 Billion Deal
eBay is acquiring the fashion resale app Depop from Etsy for $1.2 billion, a strategic move to attract a younger demographic and a reversal of Etsy's 2021 purchase. Depop is a major social commerce platform popular with younger users, reporting about $1 billion in 2025 sales and a community where...
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Qatar Backs Anthropic's Record $13B AI Round, Valuation Hits $183B
The Qatar Investment Authority is a key participant in Anthropic's $13 billion Series F funding round, which values the AI firm at $183 billion, nearly triple its worth from six months prior. The funding round was led by Iconiq Capital with contributions from major global investors, though the UA...
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OpenAI Nears $100B Deal at Over $850B Valuation
OpenAI is reportedly close to securing over $100 billion in funding, which would value the company at more than $850 billion, reflecting immense investor confidence. The company requires substantial capital for AI development and is testing ads in ChatGPT to diversify revenue, though this risks a...
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Fractal Analytics' Weak IPO Debut Highlights India's AI Concerns
Fractal Analytics' IPO underperformed, listing below its issue price and closing its first day down 7%, resulting in a public market valuation significantly lower than its recent private-market peak. The company drastically reduced its IPO size by over 40% due to a cautious market, and its debut ...
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Allbirds Shutters Final San Francisco Store
Allbirds is closing nearly all its physical stores, leaving only a few outlet and London locations, as part of a strategic retreat from brick-and-mortar to cut costs and pursue profitability. The brand, once a staple of Silicon Valley's tech culture with its comfortable wool sneakers, has seen it...
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Ethos Insurance Tech Aims for First IPO of the Year
Ethos Technologies is launching a major tech IPO with a share price of $18-$20, targeting a valuation up to $1.26 billion and raising over $100 million in new capital. The company, backed by prominent investors like Sequoia and Accel, simplifies life insurance purchases and has a history of stron...
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GOG's New Owner on Challenging Steam and Ending DRM
GOG's co-founder has repurchased the DRM-free platform from CD Projekt RED, securing its independence and allowing it to focus on its core mission of game preservation and consumer-friendly practices. The sale was driven by strategic focus rather than poor performance, as GOG can now prioritize i...
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India's Arya.ag Thrives with Investors Despite Falling Crop Prices
Arya.ag, an Indian agritech firm, raised $81 million in Series D funding, demonstrating resilience by avoiding direct commodity speculation and remaining profitable despite sector volatility. The company empowers farmers by providing local storage to use grain as collateral for loans and connects...
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Elon Musk's Remarkable Turnaround in a Turbulent Year
Elon Musk faced significant political backlash and public protests this year, with Tesla missing financial expectations and his social media platform X becoming a center of controversy. Despite Tesla's struggles, Musk's diversified portfolio, including SpaceX, xAI, and Neuralink, insulated his we...
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Curiosity Stream Bets on AI Deals for 2027 Revenue Surge
Curiosity Stream has achieved profitability by licensing its science and educational content to AI developers, creating a new revenue stream distinct from traditional subscription models. The company, founded in 2015 by John Hendricks, reported its first profitable quarter in early 2025 and saw a...
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Square Enix Lays Off Staff in Major US and Europe Restructuring
Square Enix is restructuring its US and European operations, leading to employee layoffs and the consolidation of publishing divisions to centralize core development in Japan and optimize resource allocation. The company expects to incur a one-time expense of about $76.8 million but projects annu...
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Apple, Microsoft Hit $4 Trillion on AI and Cloud Boom
Apple and Microsoft have each achieved a $4 trillion market capitalization, driven by innovation in artificial intelligence, cloud computing, and strong product sales like the iPhone series. Microsoft's growth is fueled by its strategic partnership with OpenAI and the expanding Azure cloud platfo...
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UK Banking License for Revolut Delayed Over Risk Concerns
The Bank of England has delayed Revolut's full UK banking license, requiring the company to strengthen its risk management systems before final approval due to concerns over its rapid global expansion. Securing a full license would allow Revolut to offer lending services and accept deposits over ...
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Navan Defies Shutdown, Files for IPO at $6.45B Valuation
Navan has submitted revised IPO paperwork during the federal shutdown, using new SEC rules that allow automatic approval after 20 days without direct staff review, enabling it to proceed with its investor roadshow. The company plans to offer 30 million shares at $24-$26 each, potentially raising ...
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Groww, Backed by Satya Nadella, to Become First Indian Startup to Go Public After U.S.-India Move
Groww is preparing for a multi-billion dollar IPO, becoming the first Indian startup to list domestically after relocating its headquarters from the U.S. to capitalize on India's expanding capital markets. The IPO involves a secondary sale of shares by major investors and aims to raise ₹10.6 bill...
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Citymall Secures $47M to Take on Ultra-Fast Delivery Giants
Citymall raised $47 million in Series D funding to support its focus on value-driven grocery shoppers in smaller Indian cities, maintaining a steady valuation of $320 million. The company differentiates itself from quick-commerce competitors by targeting planned, bulk purchases with no delivery f...
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Nvidia Hits $4 Trillion Market Cap First in History
Nvidia became the first company to reach a $4 trillion market valuation, driven by an 18% stock surge in 2024 and rapid growth from $2 trillion to $3 trillion earlier in the year. Analysts credit Nvidia's dominance in AI, powering data centers for major tech firms, with record profits of $18.8 bi...
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Apple Faces $900M Tariff Hit as Production Shifts to India and Vietnam
Apple is bracing for a $900 million increase in costs this quarter due to U.S. tariffs on Chinese imports, CEO Tim Cook revealed during the company's latest earnings call. To mitigate the impact, Apple is accelerating its shift in production from China to countries like India and Vietnam.
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Google's Surprising Turnaround: From Worst to Best Year
Google successfully navigated major legal and antitrust challenges in 2025, avoiding a catastrophic breakup of its core businesses like Chrome and its ad tech empire, despite initial rulings against it. The company aggressively invested in and achieved competitive victories in artificial intellig...
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Trump Media Merges with Nuclear Fusion Firm
Trump Media, parent of Truth Social, is merging with a nuclear fusion firm to form a new entity valued over $6 billion, marking a dramatic pivot from social media to advanced energy. The merged company, led by Donald Trump Jr. on its board, plans to break ground on a utility-scale fusion power pl...
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Navan IPO Plunges 20% After SEC Shutdown Workaround
Navan's stock fell 20% on its Nasdaq debut, closing below its $25 IPO price and reducing its market valuation to about $4.7 billion, despite being the first company to use a new SEC provision for public listings during a government shutdown. The company utilized an alternative SEC pathway that al...
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Zomato CEO Deepinder Goyal Steps Down as Blinkit Chief Takes Over
Deepinder Goyal, co-founder and CEO of Zomato and its parent Eternal, is stepping down from his executive role to focus on high-risk exploration, while remaining as vice chairman on the board. Albinder Dhindsa, the current CEO of the quick-commerce division Blinkit, will succeed Goyal, reflecting...
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Hesai to Double Lidar Production Amid Industry Shakeout
Hesai is aggressively doubling its annual lidar production to four million units, capitalizing on surging demand from the automotive and robotics sectors amid global industry consolidation. The company's strong growth and financial position contrast with the bankruptcy of U.S. competitor Luminar,...
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Meesho's $606M IPO Soars Amid India E-Commerce Boom
Meesho's IPO debuted strongly with shares surging 46%, raising $606 million and achieving an $8.69 billion valuation, a significant jump from its last private valuation. The company's success stems from its unique low-cost social commerce model, which connects small merchants with value-conscious...
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TuneIn Acquired for $175 Million in Major Streaming Deal
Stingray Group acquired TuneIn for $175 million to expand its global presence, leveraging TuneIn's integration across over 200 platforms and devices in more than 100 countries. TuneIn, founded in 2002, differentiated itself by offering live radio content like music, news, and sports, but faced ch...
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Anthropic Raises $13B Series F at $183B Valuation
Anthropic has raised $13 billion in a Series F funding round, reaching a post-money valuation of $183 billion to support enterprise adoption, safety research, and global expansion. The company's annual recurring revenue surged from $1 billion to $5 billion in 2025, driven by strong API usage and ...
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Capital One Buys Brex at a Discount, Early Investors Reap Rewards
Capital One acquired fintech platform Brex for $5.15 billion, a significant discount from its peak $12.3 billion valuation, delivering a major financial victory for its earliest venture capital investors. The deal highlights a competitive divergence, as rival Ramp achieved a much higher valuation...
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Aurora to Triple Its Driverless Truck Fleet
Aurora is tripling its autonomous trucking routes with a new software release, expanding its driverless commercial network across the Southern U.S., including a key 15+ hour route from Texas to Arizona. The company is using AI to automate road mapping, drastically speeding up the process of prepa...
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Take-Two CEO on Stock Drop: 'People Confuse Tools With Hits'
Take-Two Interactive's CEO views AI tools like Project Genie as creative enhancers, not existential threats to established game companies, contrasting with market fears that drove down some stocks. He argues that AI cannot autonomously create hit properties, as human creativity for concepts and c...
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PhonePe IPO: Tiger Global, Microsoft to Exit Stake
Tiger Global and Microsoft are fully divesting their stakes in PhonePe's IPO, while majority owner Walmart will retain control and sell only a portion of its shares. The IPO targets a $15 billion valuation and could raise up to $1.5 billion, marking a significant step up from its last private val...
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Ubisoft Cuts Jobs, Studios and Six Games in Major Restructuring
Ubisoft is restructuring into five specialized "Creative Houses" to decentralize decision-making and focus on core franchises and emerging genres, aiming to prioritize quality over volume. The reorganization has led to the cancellation of six games, including the "Prince of Persia: The Sands of T...
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Trump Media Merges With Fusion Power Firm in $6B+ Deal
Trump Media and Technology Group (TMTG) is merging with TAE Technologies in a multi-billion dollar deal to enter the commercial fusion energy sector, citing rising global electricity demand. The merger combines TMTG's digital media assets and financial resources with TAE's decades of fusion resea...
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Destiny 3 Reportedly in Early Development for PS6
Bungie may have begun early development on Destiny 3, potentially as a flagship title for Sony's PlayStation 6, according to a credible leaker, though the project is still in an extremely early state. Destiny 2 has seen declining player engagement and financial losses for Sony, prompting revitali...
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Embracer Sells Arc Games & Cryptic Studios
Embracer Group has sold Arc Games and Cryptic Studios to Project Golden Arc for $30 million, as part of its strategy to refocus business priorities and streamline operations. Arc Games publishes live service titles like Star Trek Online and Neverwinter, while Embracer retains publishing rights fo...
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Beta Technologies Soars on NYSE Debut, Raises $1 Billion
Beta Technologies successfully completed its IPO, raising $1 billion and achieving a $7.4 billion valuation, with shares closing at $36 after an initial dip. Founder Kyle Clark pursued an unconventional strategy, securing funding from major institutions like Fidelity and Amazon while avoiding Sil...
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Battlefield 6: A Turning Point for EA and the Series
Battlefield 6 is a critical release for Electronic Arts, with its success tied to the company's strategic direction, financial health, and a recent $55 billion privatization deal. Following the troubled launch of Battlefield 2042, EA has reorganized development under Vince Zampella and a collabor...
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BHM Capital Doubles Share Capital to AED 400M in Oversubscribed Rights Issue
BHM Capital doubled its share capital to AED 400 million through a heavily oversubscribed rights issue, raising an additional AED 200 million from existing shareholders. The capital increase supports the company's growth strategy, funding investments in advanced technologies, digital transformati...
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Boeing hit with $3.1M fine over door plug blowout, safety lapses
The FAA has proposed a $3.1 million fine against Boeing for safety violations related to the January 2024 door plug incident and interference with safety officials' independence. Boeing was cited for hundreds of quality system violations at its 737 plant and a subcontractor, including presenting ...
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