Shares of streaming TV platform Roku (NASDAQ: ROKU) jumped 15.7% in the pre-market session after the company reported strong fourth-quarter 2024 results that easily cleared analysts' sales, EBITDA, and earnings expectations. Revenue grew 22% year on year, driven by a 25% increase in platform revenue, which benefited from higher advertising demand, including political ad spending, and deeper third-party platform integrations.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 14.3% in the morning session after the company reported strong fourth-quarter results, which blew past analysts' EPS and EBITDA expectations. Looking ahead, it slightly lifted its full-year revenue guidance, beating analysts estimates', while EBITDA outlook for the same period was roughly in line.
Shares of software development tools maker JFrog (NASDAQ:FROG) jumped 15.3% in the pre-market session after the company reported strong fourth-quarter 2024 results, which revealed an acceleration in its new large contract wins, enabling it to exceed Wall Street's revenue and operating profit estimates, the latter by a very convincing amount. Cloud revenue importantly exceeded expectations. Adoption of its cloud business remained strong, now accounting for 43% of total revenue, up from 37% a year
Shares of real estate services firm Newmark (NASDAQ:NMRK) jumped 12.1% in the morning session after the company reported strong fourth quarter 2024 results that blew past analysts' revenue expectations, driven by its Investment Sales division. In addition, its EPS and EBITDA beat. On the other hand, its full-year EBITDA guidance missed. Still, this quarter had some key positives.
Shares of construction management software maker Procore (NYSE:PCOR) jumped 13.9% in the afternoon session after the company reported strong fourth-quarter 2024 results as its revenue and billings exceeded analysts' expectations, and full-year revenue guidance came in slightly above Wall Street's estimates. Sales grew 16% y/y, fueled by strong customer expansion and increased adoption of its software platform, particularly among high-value clients, with the number of customers generating over $1
Shares of luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) jumped 10.7% in the afternoon session after the company reported strong fourth-quarter results that blew past analysts' EPS and revenue estimates. However, Casino revenue came in below expectations, with weakness in Wynn Macau offsetting gains in Wynn Palace and Las Vegas. Adjusted property EBITDAR declined slightly as softer results in Macau and Encore Boston Harbor weighed on overall profitability.
Gryphon Digital Mining CEO Steve Gutterman remains bullish on Bitcoin, citing strong fundamentals despite its volatility.
(Bloomberg) -- BlackRock Inc. awarded Chief Executive Officer Larry Fink additional pay perks known as carried interest tied to the asset manager’s major expansion in private markets, saying the co-founder has a key role in the firm’s long-term plans.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterCutting Arena Subsidies
President Donald Trump announced his administration will study reciprocal tariffs, but stopped short of implementing them at this time.
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 33 rigs, or 5% below this time last year. Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 101.
