Viaplay's organic sales growth slows in Q1 amid account sharing challenges

Republic World— Viaplay Q1 2024: Swedish video streaming giant Viaplay posted 5.6 per cent growth in organic sales in the first quarter of 2024, marking a decline from the 27.3 per cent growth seen in the same period last year. This slowdown comes as the company directs its efforts towards operational enhancements following a comprehensive recapitalisation initiative.Last year, Viaplay underwent major restructuring, including the replacement of its CEO and a reduction of its workforce by 30 per cent. In...

ETtech.com—DoorDash Q1: DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns. DoorDash reported higher-than-expected revenue in the first quarter, as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. But the company's shares fell 12% in after-hours trading Wednesday as investors appeared concerned about rising costs. DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. The loss, of 6 cents per share, was higher than the 3-cent loss Wall Street had...

Mobile World Live—Charter mobile subscriber growth slows in Q1. 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.

Bloomberg.com—ServiceNow (NOW) Shares Slump After Sales Growth Outlook Disappoints. ServiceNow Inc. provided an outlook for sales in the quarter that fell just short of analysts’ expectations, suggesting that corporate budgets for software purchases remain tight. The shares declined about 5% in extended trading.