Streetbeat News

Revenues

SRAD

Sportradar Group's Q2 sales reached €278.420 million, surpassing the estimated €264.053 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:02 am

PSFE

Paysafe has raised its full-year 2024 sales guidance from $1.69B-$1.71B to $1.71B-$1.73B, surpassing the previous estimate of $1.71B. The updated revenue range is now $1.713B-$1.729B, while the adjusted EBITDA guidance has been slightly lowered to $471M-$484M from $473M-$488M.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:59 am

PSFE

Paysafe (NYSE:PSFE) reported Q2 2024 earnings of $0.59 per share, significantly beating the analyst consensus estimate of $0.08. The company also reported sales of $439.924 million, surpassing the estimate of $424.285 million. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:56 am

TME

Tencent Music Entertainment Group (NYSE:TME) reported a Q2 2024 revenue decline of 1.7% YoY to $985 million, missing analyst estimates. The decline was due to a drop in social entertainment revenues, partially offset by growth in online music services. Key metrics showed a decline in MAUs for both online music and social entertainment, but an increase in ARPPU for online music and a rise in online music paying users. Despite the revenue miss, the company saw a 42.8% YoY increase in operating profit and a 770 bps rise in gross margin. TME stock is trading 7.16% lower premarket.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 10:49 am

CLRB

Cellectar Biosciences announced that its cash balance of $25.9M as of June 30, 2024, combined with $19.4M raised in July, is sufficient to fund its basic budgeted operations into the second quarter of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:42 am

GIB

CGI has been selected by the City of New York to maintain the STARS Parking Violation System under a new five-year contract, with an optional two-year renewal. This partnership with the city's Department of Finance will handle adjudication, payment, and collection processes for parking and camera violations, generating over C$1.3 billion in public revenue annually.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:34 am

OGI

OrganiGram Holdings (NASDAQ:OGI) reported Q3 sales of $30.01 million, beating the analyst consensus estimate of $28.59 million by 4.97%. This represents a 24.17% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:33 am

SOHO

Sotherly Hotels (NASDAQ:SOHO) reported Q2 adjusted FFO of $0.38 per share, beating the analyst estimate of $0.34. This represents a 5.56% increase from the same period last year. Sales for the quarter were $50.69 million, up 3.42% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:33 am

SE

Sea Limited has revised its 2024 full-year GMV growth guidance for Shopee to mid-20%.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:32 am

SE

Sea Limited (NYSE: SE) reported Q2 2024 earnings per share (EPS) of $0.14, missing the analyst consensus estimate of $0.15 by 6.67%. However, the company reported quarterly sales of $3.807 billion, beating the analyst consensus estimate of $3.724 billion by 2.22%. This represents a 22.96% increase over sales of $3.096 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:31 am