Streetbeat News

Revenues

QSG

QuantaSing Group Limited (NASDAQ:QSG) reported a 31.7% YoY increase in revenues to $114.2 million in Q4 FY 2023, primarily due to revenues from personal interest courses. Revenues from individual online learning services and enterprise services also increased. The company's total registered users grew by 60.6% to approximately 94.3 million. The company also announced plans to enter the live e-commerce sector. For Q1, the company expects revenues of $107.6 - $111.7 million, representing a YoY increase of 18.3% - 22.8%.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 8:32 am

QSG

QuantaSing Group Limited reported Q4 revenues of $114.2M, up 31.7% YoY. The company also saw an increase in total registered users by 60.6% to approximately 94.3M, and paying learners increased by 29.9% to around 400K. Gross billings also increased by 23% YoY to $103.3M.

Portfolio Pulse from Charles Gross

September 15, 2023 | 8:31 am

ERJ

Embraer has secured orders for five new E175 aircraft, valued at $288.3M, from the Nigerian airline Air Peace.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:17 am

META

WhatsApp, owned by Meta Platforms Inc., is reportedly considering introducing advertisements within its app to generate revenue. The proposed ad format would resemble the advertising integration found in Facebook Messenger. There is also speculation about the introduction of a subscription fee option for an ad-free experience. Both ideas have sparked internal debates due to concerns over potential user alienation and migration to alternative ad-free messaging apps.

Portfolio Pulse from Ananya Gairola

September 15, 2023 | 5:42 am

DIS

Disney is planning to reduce its target for Disney+ streaming subscribers, according to Bloomberg. This could potentially impact the company's future revenue and growth projections.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:05 pm

HITI

High Tide Inc. reported its Q3 revenue of C$124.4 million, marking a 30% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:04 pm

ACTG

Acacia Research Corporation has been awarded $37.4 million in a patent lawsuit against TP-Link Technologies. The verdict could potentially boost Acacia's revenues and strengthen its financial position.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:35 pm

NFLX

Benchmark analyst Matthew Harrigan reiterated a Sell rating for Netflix Inc (NASDAQ:NFLX) with a $293 price target. The streaming giant's CFO, Spencer Neumann, noted the company's need to maintain a balance between revenue growth and margin improvement. The analyst sees operating margin improving by 2.0% this year, 2.1% in 2024, and 1.8% in 2025. Neumann also suggested only muted 3Q23 and 4Q23 ARM improvements. Netflix is making progress in advertising and remains favorably positioned for scripted programming delivery.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 5:38 pm

GSK

MRNA

SNY

Moderna Inc (MRNA) conducted an R&D Day event outlining its strategic initiatives across four key areas. The company's Phase 3 seasonal influenza vaccine met the non-inferiority threshold required for approval, paving the way for a combination vaccine. Moderna aims for up to 15 product launches across the four verticals over the next five years, targeting annual sales of $10 billion-$15 billion by 2028 in oncology, rare disease, and latent disease sectors. They also anticipate revenues of $8 billion-$15 billion from the respiratory franchise by 2027. Goldman Sachs sees this as a transition beyond a COVID-centric business for Moderna.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 5:23 pm

NFLX

SPOT

Despite the streaming industry crisis, Netflix and Spotify have managed to maintain their leading positions. Netflix's first-mover advantage and overseas expansion have helped it remain a global player, despite a 3% fall in shares and a soft operating margins guidance. Spotify, despite disappointing revenue figures and a loss in its latest quarterly report, has seen growth in its monthly active users and paid subscribers count, showing resistance to the streaming slowdown.

Portfolio Pulse from Upwallstreet

September 14, 2023 | 5:18 pm