Loss
Parent company of Trump’s Truth Social posts US$328 million loss
TRUMP Media and Technology Group, which owns former US president Donald Trump’s social media platform Truth Social, lost more than US$300 million in the first quarter of 2024, it...
Grab’s Q1 loss narrows to US$115 million
Grab reported a net loss of US$115 million for the first quarter of 2024, narrowing 54 per cent from its loss of US$250 million a year prior. This was...
Grab’s Q1 loss narrows to US$115 million; raises adjusted Ebitda target
Grab reported a net loss of US$115 million for the first quarter of 2024, narrowing 54 per cent from its loss of US$250 million a year prior. This was...
Sea posts US$23 million Q1 loss; higher costs temper record-high Shopee revenue
E-COMMERCE and gaming company Sea recorded a US$23 million net loss for the first quarter ended Mar 31, reversing its year-ago US$87.3 million profit.
The company’s e-commerce arm Shopee...
Sea posts US$23 million Q1 loss, but investors cheer Shopee’s record revenue
E-COMMERCE and gaming company Sea recorded a US$23 million net loss for the first quarter ended Mar 31 – a result investors cheered, though it reversed the company’s year-ago...
Warner Bros Discovery posts larger-than-expected loss on studio slump, weak ad market
WARNER Bros Discovery reported a larger-than-expected quarterly loss, as advertising sales slumped at its cable TV unit and the studio segment struggled with the twin effects of last year’s...
AMC reports first-quarter loss with fewer studio film releases
AMC Entertainment Holdings, the largest movie-theatre chain, reported a first-quarter loss, the result of a thinner slate of releases from Hollywood studios after last year’s strikes by writers and...
Uber shares tumble on surprise net loss, weak second-quarter forecast
UBER posted a surprise first-quarter loss and forecast gross bookings in the second quarter below Wall Street expectations, sending the shares of the ride-share and food delivery company down...
