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Revenues

DKNG

PDYPF

DraftKings CEO Jason Robins discussed the company's growth in the US sports betting market since the overturning of PASPA five years ago. The company's online sportsbook is now available in 21 states, and its focus on analyzing customer data has helped differentiate it from competitors.

Portfolio Pulse from Adam Eckert

May 24, 2023 | 4:42 pm

MGM

BetMGM CEO Adam Greenblatt expressed optimism about the growth potential of the iGaming and sports betting market during the Benzinga Titans Sports Betting Summit.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:11 pm

SGHC

Super Group (SGHC) reported Q1 FY23 revenues of €338.5 million, up 1% YoY, driven by growth in Africa, the Middle East, and Europe, but offset by declines in North America and Asia-Pacific. Monthly Active Customers increased 34% to 3.5 million. The company expects another strong quarter ahead.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 3:49 pm

NM

Navios Maritime Holdings Inc. (NYSE:NM) reported Q1 FY23 revenue growth of 10.6% YoY to $65.41 million, with EPS improving to $0.26 from $(0.74) in 1Q22. EBITDA increased by 21.6% YoY to $40.47 million, and Navios Logistics' EBITDA rose by ~9% to $26.0 million. Iron ore port transhipments increased significantly, and the company has fixed six dry barge convoys under period contracts.

Portfolio Pulse from Akanksha Bakshi

May 24, 2023 | 3:40 pm

DKNG

DraftKings CEO Jason Robins revealed that the company began focusing heavily on cost-cutting measures 15-16 months ago, resulting in savings of hundreds of millions of dollars.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 3:37 pm

HSBC

HSBC CFO Georges Elhedery revealed in a Reuters interview that the bank is considering exiting up to 12 countries, or 20% of the markets it operates in, to focus on Asian expansion.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 2:43 pm

TM

Toyota Motor Corp (NYSE:TM) and Savion have signed a power purchase agreement for Toyota to offtake 100-megawatts (MW) of electricity generated by Savion's Martin County Solar Project. The project will convert the former Martiki Coal Mine into a solar photovoltaic energy facility, with construction starting in mid-2023 and commercial operation expected in 2024.

Portfolio Pulse from Shivani Kumaresan

May 24, 2023 | 2:22 pm

SLGWF

SLANG Worldwide Inc. reported Q1 2023 revenue of CA$10.82 million, a 29% YoY increase, driven by core market sales growth in Vermont and Colorado. The company achieved a 56% YoY increase in gross profit and turned its adjusted EBITDA positive.

Portfolio Pulse from Vuk Zdinjak

May 24, 2023 | 2:13 pm

NUE

Nucor Corporation announced a reorganization of its Plate Mill Group, which will result in ceasing production at Nucor Steel Longview, LLC. The move aims to optimize the company's plate mill operations.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 1:16 pm

LNVGY

Lenovo Group Ltd. reported a 24% YoY decline in Q4 revenue to $12.6 billion, amid a sluggish PC market. Non-PC revenue mix reached a historic high of 43%, up 12 points YoY. The company expects the PC and smart devices market to resume growth in the second half of 2023.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 1:15 pm