Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has been growing its subscriber base at a fast clip this year since expanding internationally during the first half.The streaming business has become a bright spot for Warner Bros. Discovery as its traditional TV networks have been pressured by cord cutting and a soft advertising market. Last quarter,…
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Acushnet Holdings Corp (NYSE:), the parent company of renowned golf brands such as Titleist and FootJoy, has reached an impressive milestone, with its stock hitting an all-time high of $76.21. This peak reflects a significant vote of confidence from investors in the company’s market position and growth strategy. Over the past year, Acushnet Holdings has seen its stock value increase by 15.32%, a testament to its strong performance and the increasing popularity of golf, which has seen a resurgence in interest as a socially distanced sport during the pandemic. The company’s ability to achieve such a record-setting price level underscores…
From combating climate change to boosting economic competitiveness, green hydrogen offers multiple solutions to some of today’s biggest challenges. Significantly, it’s a zero-emission fuel that has the potential to transform the automobile industry. As more countries embark on their hydrogen journey, there’s stiff competition riding for every nation. Governments are apprehensive about not missing out on anything. This means each nation wants to set ambitious goals and is under pressure to keep up. However, a rush to adopt hydrogen policies without careful consideration can lead to misguided investments. This phenomenon named “siren call,” by IRENA, has a high risk of…
Investing.com — Datadog, Inc. (NASDAQ: DDOG) reported third-quarter earnings that surpassed analyst expectations, but its stock fell 2.6% premarket on Thursday following the release. The cloud monitoring and security platform provider posted adjusted earnings per share of $0.46, beating the analyst consensus of $0.40. Revenue for the quarter came in at $690 million, up 26% YoY and exceeding the $665.05 million estimate. Despite the strong quarterly performance, Datadog (NASDAQ:)’s stock declined. The company’s full-year 2024 guidance of $1.75-$1.77 EPS and revenue of $2.656-2.66 billion, while above analyst expectations, may have disappointed some investors looking for more robust growth. Olivier Pomel, co-founder…
When it comes to investment vehicles, both mutual funds and ETFs have points in their favor. Mutual funds offer more choices among active strategies, come with different share classes for different uses, and don’t involve the market spreads that come with ETF transactions. ETFs, on the other hand, carry lower expense ratios and are more tax efficient and transparent. For this week’s Barron’s Advisor Big Q, we asked financial advisors: Do you use mutual funds, ETFs, or both in building client portfolios, and why? Richard… Source link
Trump Media & Technology Group stock (DJT) sank double digits in premarket trading on Thursday, reversing the gains it enjoyed on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election. Shares in the company — the home of Trump’s social media platform, Truth Social — have been on a wild ride over the past week, with the up-and-down moves mostly tied to Trump’s chances of reclaiming the White House. The stock is down about 10% over the past five days, although shares have rallied nearly 120% in the past month. Strategists have categorized the stock as…
Image source: Getty Images I had a bit of a splurge on Legal & General (LSE: LGEN) shares last year, buying them in April, July and August. So far, they’ve had a patchy run. Over the last 12 months, the Legal & General share price has fallen 1.4%. That’s well behind average growth of 10.21% across the FTSE 100 as a whole. Meh. The market may have been a little harsh. While first-half profits, published on 7 August, climbed just 1% to £849, they still beat analyst forecasts of £834m. One of the best dividends on the FTSE 100 L&G…
Investing.com — BT Group (LON:) shares fell over 5% on Thursday, following its Q2 results that posted ongoing weakness across key revenue-generating segments. This decline was largely due to deteriorating performance within BT’s business unit and continued competitive pressures on broadband services, which weighed heavily on the group’s overall financials. BT reported a 3.1% drop in revenue, falling to £5.086 billion— below analyst expectations of £5.217 billion. While EBITDA saw a modest rise of 0.5%, cost-saving measures appeared to offset some of the revenue shortfalls. The Business segment, however, posted a 6.8% drop in revenue compared to the previous quarter,…
Image source: Getty Images A bruising few years has pushed the Vodafone (LSE: VOD) share price to levels previously seen only in the last century. The shares now change hands for 72p, a price that sounds more like a bargain penny stock than one of Europe’s largest companies. Comparing it to previous highs of 294p in 2014, 237p in 2018, 128p in 2022 or even that dotcom-fuelled all-time high of 548p some years ago throws up an obvious question. Just how cheap is the price? Patchy record Before I try to unravel an answer to that question, I’ll point out…
It is doubtless a positive to see that the Sinclair, Inc. (NASDAQ:SBGI) share price has gained some 30% in the last three months. But if you look at the last five years the returns have not been good. You would have done a lot better buying an index fund, since the stock has dropped 54% in that half decade. It’s worthwhile assessing if the company’s economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let’s do just that. Check out our latest analysis for Sinclair Because Sinclair made…