Streetbeat News

Revenues

DIS

Disney's India arm, Disney-Star, is planning to generate significant revenue from cricket commercials through its Star Sports channel and Disney+ Hotstar streaming platform. The company is seeking high fees from advertisers for the upcoming Asia Cup and ICC Cricket World Cup. This comes as Disney is reportedly considering different strategies for its Star India business, including potential partnerships or a sale, following a loss in subscribers after failing to secure streaming rights for the Indian Premier League.

Portfolio Pulse from Arpit Nayak

July 26, 2023 | 5:31 am

META

X

Social media company X is reducing the cost of some video ads by as much as 50% in an attempt to attract advertisers back to its platform, according to emails cited by the Wall Street Journal.

Portfolio Pulse from Charles Gross

July 25, 2023 | 9:23 pm

WM

Waste Management has revised its FY23 outlook, expecting revenue growth to be between 3.25% and 4.25%, lower than prior expectations by 100 basis points at the midpoint. This is largely due to lower than expected electricity and natural gas prices, and slower recovery of recycled commodity prices. Adjusted operating EBITDA is expected to be between $5.775 and $5.875 billion, below prior expectations by $75 million. However, free cash flow is projected to be between $1.675 and $1.775 billion, above prior expectations by $175 million.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 9:07 pm

CVRX

CVRx has projected its Q3 total revenue to be between $9.5M and $10.2M, which is higher than the consensus estimate of $9.26M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:48 pm

CVRX

CVRx has increased its FY23 total revenue outlook from $35.5M-$38.0M to $37.0M-$38.5M, surpassing the consensus estimate of $36.63M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:46 pm

CVRX

CVRx has projected its Q3 revenue to be between $9.5M and $10.2M, which is higher than the estimated $9.26M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:44 pm

CVRX

CVRx has increased its FY23 revenue forecast from $35.5M-$38M to $37M-$38.5M, which is higher than the estimated $36.63M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:43 pm

SNAP

Snap Inc. reported Q2 revenue of $1.07 billion, down 4% YoY but beating the Street consensus estimate of $1.05 billion. The company reported a loss of two cents per share, better than the estimated loss of four cents per share. Daily active users were up 14% YoY to 397 million. The company's AI chatbot, My AI, has been used by 150 million people since its launch in May. Snap is guiding for Q3 revenue to be between $1.07 billion and $1.13 billion, ahead of the Street consensus estimate of $945.95 million.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:42 pm

GTLS

Chart Industries has been contracted to supply hydrogen compressors for hydrogen production in China. This could potentially increase the company's revenue and market presence in China.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:40 pm

CSGP

CoStar Group has reduced its FY23 revenue forecast from $2.465B-$2.48B to $2.45B-$2.46B, below the consensus of $2.48B. The revision is due to lower property transaction volume expectations in the second half of 2023, which will impact Ten-X revenue.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:38 pm