Spotify (SPOT) Boosts Paid Subscribers in First Quarter, Beating Estimates
by Bloomberg
Bloomberg— Spotify Technology SA, the audio-streaming giant, reported first-quarter results broadly in line with analyst forecasts as the company continued to add new features.
Yahoo—Cognizant first-quarter revenue beats estimates on steady spending by clients. Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant. Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year.
Yahoo Finance—Cognizant first-quarter revenue beats estimates on steady spending by clients. Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant. Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year.
Yahoo Finance—Casino Operator MGM beats first-quarter estimates on strength in Macau business. MGM Resorts International beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to benefit from easing post-pandemic entry restrictions. Adjusted property EBITDAR for MGM China was 78% higher in the first quarter compared with last year. " We achieved record results in the first quarter of 2024 driven by strong performance at MGM China and in Las Vegas specifically at our luxury resort properties," CEO Bill Hornbuckle...