TKO reports financial results for first quarter of 2024. TKO announced that the group took in revenue of $629.7 million for the first quarter of 2024. The group reports a net loss of $249.5 million. UFC revenue was $313.0 million while WWE revenue was $316.7 million. Much of the net loss comes from TKO settling the UFC antitrust lawsuit for $335 million. From TKO: First Quarter 2024 Financial Highlights Revenue of $629.7 million Net loss of $249.5 million Adjusted EBITDA1 of $282.2 million...
Rivian Automotive (RIVN) posted a wider-than-expected loss in the first quarter. The EV maker reported an adjusted loss of $1.24 per share, which was more than the $1.15 loss analysts were expecting. Revenue of $1.20 billion was in line with expectations of $1.18 billion. Yahoo Finance's Pras Subramanian beaks down Rivian's Q1 results. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.
The federal government will slash more than three million Australians’ student debt to make amends for the crushing 2023 indexation hike. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate would ensure indexation matched either […]
US cable operator Charter Communications added 486,000 mobile lines in Q1 which represented a 2.9 per cent drop from the number acquired a year ago.
The World Food Programme has recently published statistics showing that currently, three million children in Afghanistan are suffering from malnutrition. On Friday, May 10, the organization announced on its social platform X that the World Food Programme can only support one of every three children. The World Food Programme has emphasized that the reduction in […]
Shares of Uber (UBER) are trading lower Wednesday morning after the company posted its first quarter results, revealing gross bookings fell below estimates. However, revenue grew 15% year over year to $10.13 billion. In contrast, Lyft (LYFT) shares are rising as the company beat revenue expectations on the top and bottom line for its first quarter results. In addition, the company grew active ridership, exceeding expectations, at its fastest pace since 2022. Yahoo Finance Anchors Brad Smith and...
Paying for streaming platforms has been getting more expensive, and now there’s some bad news for Comcast’s Peacock subscribers. The company announced this week that subscription prices will increase soon for both new and existing subscribers. Read on as we detail more about this price increase. more
The automaker says that it's on track to make some 9000 vehicles this year and launch the Gravity SUV too
Fubo this month announced its financial results for the first quarter ended March 31, 2024. Fubo exceeded expectations in North America, with double-digit year-over-year (YoY) growth in paid subscribers (18%) and total revenue (24%).
The studio unveiled its first quarter earnings with a brief analyst call amid talk of deal-making options and a CEO shake-up.
The Iowa baseball team dropped two of three games on the road against the Nebraska Cornhuskers. The Hawkeyes led 4-1 in game one, but the Huskers eventually roared back and rode the momentum to a series victory. Here are three takeaways from the weekend disappointment: Streaky hitting in first two games googletag.cmd.push(function() { googletag.display(\'div-gpt-ad-1573565244436-0\'); });