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GOOG

GOOGL

YouTube's TikTok-style feature, Shorts, launched in 2021, has amassed over two billion users but is reportedly drawing viewers away from the platform's traditional long-form videos, which generate substantial ad revenue. Alphabet Inc.'s YouTube senior staff are concerned that the Shorts feature might be cannibalizing its long-format video revenue. The platform reported its first-ever quarterly decline in ad revenue since breaking out its performance metrics in 2020.

Portfolio Pulse from Ananya Gairola

September 05, 2023 | 6:12 am

CHTR

DIS

Disney (NYSE:DIS) is in a contract dispute with Charter Communications (NASDAQ:CHTR) over the terms of a new agreement for carrying its channels. Charter argues that Disney is demanding higher fees for its channels without waiving charges for its streaming services. Disney maintains that it has offered Charter favorable terms. The dispute has led to Charter disconnecting Disney’s channels for its 15 million customers. This could impact Disney’s significant revenue from traditional TV, which brought in $28.4 billion and profits of $8.5 billion last year.

Portfolio Pulse from Benzinga Neuro

September 04, 2023 | 9:51 am

DOGEUSD

Users of Elon Musk's social media platform, X, are expressing concern over a decline in engagement and ad revenue payout. Dogecoin co-creator Billy Markus acknowledged a decrease in his own ad revenue payout but maintained a positive outlook. He suggested that a larger pool of users sharing in ad revenue or changes to the algorithm could be contributing factors to the dip in revenue and engagement.

Portfolio Pulse from Ananya Gairola

September 02, 2023 | 7:39 am

PZZA

Wedbush analyst Nick Setyan has upgraded Papa John's International Inc (NASDAQ:PZZA) to Outperform from Neutral, raising the price target from $80 to $95. Despite a Q2 FY23 revenue decline of 1.6% Y/Y to $514.53 million, Setyan believes in the company's strategies of menu innovation, effective revenue management, and promotional activity. He expects improved near- to medium-term same-store sales growth, potential for margin expansion, and annualized system sales growth in the medium- to longer-term.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 6:13 pm

LULU

NKE

Lululemon Athletica Inc (NASDAQ:LULU) has reported an 18% YoY increase in sales to $2.21 billion for the quarter ending July 30th, beating Refinitiv’s consensus estimate of $2.17 billion. The growth was driven by strong international sales, particularly in China, which saw a 61% increase. The company also raised its full-year guidance. Lululemon is pursuing a strategy to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026, which includes expanding its brick-and-mortar footprint and direct-to-consumer revenue, and strengthening its position in the men's department.

Portfolio Pulse from Upwallstreet

September 01, 2023 | 5:25 pm

AMC

AMC Entertainment Holdings, Inc. (NASDAQ:AMC) shares are trading higher after the company announced record-breaking ticket sales for the 'Taylor Swift - The Eras Tour' concert film. The film generated $26 million in revenue and set a new record for ticket sales for a single title on one day at AMC theaters. AMC is also acting as the theatrical distributor for the concert film and is securing locations and screens with numerous other movie theater operators.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 4:13 pm

SGML

Sigma Lithium has achieved its second shipment target of 15,000 tonnes of Triple Zero Green Lithium at port, ending Q2 with CAD$45.6M in cash and cash equivalents.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 2:30 pm

RTX

The U.S. Air Force and Raytheon, an RTX business, have successfully completed the first flight test of the AIM-120C-8, the latest international variant of AMRAAM developed under the Form, Fit, Function (F3R) refresh. The missile met all primary objectives for the flight test. The U.S. Air Force recently awarded Raytheon a $1.15 billion AMRAAM contract to produce AIM-120D-3 and C-8 missiles for 19 countries.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 1:02 pm

SPY

The USA Nonfarm Payrolls for August came in at 187K, beating the estimated 170K and the prior figure of 157K.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:30 pm

BYDDF

BYD Co reported its August passenger vehicle sales volume at 274,086 units, a significant increase from 173,977 units in the same period last year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:39 am