Bill Holdings reported quarterly earnings of 63 cents per share, beating the analyst consensus estimate of 40 cents by 57.5% and representing a 50% increase over earnings of 42 cents per share year-over-year. The company reported quarterly sales of $318.5 million which beat the analyst consensus estimate of $298.14 million by 6.83% and is a 22.5% increase over sales of $260.01 million from the same period last year.
Take-Two Interactive Software reported quarterly total net bookings of $1.34 billion which is down 3% year-over-year. Take-Two said net bookings from recurrent consumer spending decreased by 7% and accounted for 75% of total net bookings. The company reported GAAP net revenue of $1.37 billion, also down by 3%, and a GAAP loss per share of 54 cents. Take-Two also revised its 2024 net bookings forecast to between $5.25 billion and $5.3 billion.
Expedia Group reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.68 by 2.38%. The company reported quarterly sales of $2.89 billion, beating the analyst consensus estimate of $2.88 billion and representing a 10.28% increase over sales of $2.62 billion from the same period last year.
Zim Integrated Shipping Services Ltd. shares are trading lower Thursday as turmoil in the Red Sea creates uncertainty among shipping companies. Many shipping and freight companies have re-routed ships in order to avoid the Red Sea due to continuing attacks on vessels by Iran-backed Houthi militia.
Spiegel touted Snapchat's moderated content platform as a unique feature appreciated by advertisers because it provides a brand-safe environment for campaigns. He said the key to increasing revenue at Snap is building its performance advertising business, and the company has invested heavily into helping advertisers succeed with conversions.