Genius Sports reported a 65% increase in second-quarter revenue to $195.5 million, driven by growth in its media technology segment and the acquisition of sports media company Legend. The company is shifting from just supplying sports data to sportsbooks to using live data to help advertisers optimize campaigns in real time. This new advertising platform added 174 customers, including major brands like McDonald's and YouTube TV, and plans to expand into NFL campaigns. Despite a net loss of $76.7 million mainly due to acquisition costs, Genius raised its full-year revenue forecast to around $1 billion and adjusted EBITDA guidance to $285-$295 million, signaling strong growth potential.
Burger King’s US same-store sales rose 8.5% in the latest quarter, driven by a revamped Whopper, restaurant upgrades, and a new marketing push. This growth outpaces McDonald’s US sales, which grew only 0.8%, prompting McDonald’s to hire a new US pres...
McDonald's reported a 4% revenue increase in Q2 but missed analyst expectations with U.S. comparable sales growth slowing to 0.80%, down from 2.50% last year. CEO Chris Kempczinski cited execution lapses and weaker promotions as reasons for the slowd...
McDonald's reported a slowdown in US comparable sales growth to 0.8% in the latest quarter, missing internal targets despite a 4% rise in global sales. The company attributed this to a strategic shift where it replaced popular digital deals with a ne...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
McDonald's reported weaker-than-expected US sales growth of 0.8% in Q2, below analyst estimates of 1.06%, citing poor execution of value promotions and reduced digital deals that led to fewer visits from loyal customers. CEO Chris Kempczinski acknowl...
