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AMZN

DIS

NFLX

VCR

XLY

Amazon.com Inc (NASDAQ:AMZN) has agreed to purchase certain assets of Indian video streaming service MX Player from Times Internet for under $100 million. This acquisition aims to enhance Amazon's presence in smaller Indian cities and towns. The deal concludes nearly two years of discussions and is part of Amazon's strategy to expand its video streaming offerings in India. MX Player holds a 15% market share in India's video streaming market, which is dominated by Reliance and Walt Disney Company (NYSE:DIS).

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 12:17 pm

GNS

Genius Group has announced compliance with NYSE guidelines on audit opinion, an updated investor presentation, and a 2024 revenue guidance of over $100 million with 50% YoY growth. Key highlights include $70 million pro forma revenue for 2023, 150% pro forma revenue growth, and ambitious plans for future growth.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:17 pm

SJ

Scienjoy Holding expects its Q2 2024 total revenues to be in the range of RMB354 million to RMB374 million, reflecting current market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:13 pm

SJ

Scienjoy Holding (NASDAQ:SJ) reported Q1 earnings of $0.03 per share, a 50% increase from $0.02 per share YoY. Sales were $43.81M, down 1.13% from $44.31M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:12 pm

BNZI

Banzai has signed 169 new customers, increasing its total customer base to 979.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:05 pm

PGY

Pagaya Technologies LTD. (NASDAQ: PGY) has raised its 2024 Adjusted EBITDA guidance to $160M-$200M, an increase of $10M from its previous outlook. The company is implementing operational initiatives expected to reduce annual core operating expenses by approximately $25M, including a workforce reduction. These savings will be partially reinvested in key growth areas.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:04 pm

TWST

Twist Bioscience Corporation (NASDAQ:TWST) announced the publication of a study in PLOS ONE detailing the discovery of TB206-001, a high-affinity, cross-reactive humanized antibody antagonist of A2AR with in vivo tumor-suppressing activity. TB206-001 is available for out-licensing.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:02 pm

SHOO

Analysts have mixed ratings for Steven Madden (NASDAQ:SHOO) over the past three months, with one bullish rating in the last 30 days. The average 12-month price target has increased to $45.5. Key analysts have maintained or raised their ratings, reflecting positive sentiment. Steven Madden has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, and maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 12:01 pm

FMCX

KKR

LBO

KKR & Co. Inc. (NYSE: KKR) and Global Infrastructure Partners (GIP) have announced a $25 billion coalition to invest in infrastructure in Indo-Pacific emerging markets. The initiative aims to support development, human capital, and sustainability goals in the region. The coalition will focus on green data centers, renewable energy projects, and smart meters among other infrastructure investments.

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 12:01 pm

FSV

Firstservice's subsidiary, Roofing Corp Of America, has acquired Crowther Roofing And Cooling and Hamilton Roofing. The acquisitions will add more than $150M in annual revenues. Existing management teams will retain minority equity interests and continue operations.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:54 am