🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Adobe embroiled in anti-trust issues, forecasts revenue below estimates
Livemint
·
1y ago
Medial
Adobe is facing regulatory scrutiny over its subscription models and has forecasted annual and quarterly revenue below estimates. The company has been cooperating with the Federal Trade Commission (FTC) since June 2022 in response to an investigation into its disclosure and subscription cancellation practices. The FTC staff asserted the authority to enter into consent negotiations, which could result in significant monetary costs or penalties. Additionally, Adobe's acquisition of Figma is being probed by Britain's competition regulator. The company's revenue forecast for the current quarter and fiscal year 2024 is also below expectations.
View Source
Related News
Adobe drops as weak forecast fans worries about competition, AI efforts
Economic Times
·
1y ago
Medial
Adobe's shares dropped by 12% after the company released a disappointing quarterly forecast. The lackluster forecast raises concerns about competition and the company's ability to profit from AI integrations. Adobe faces competition from startups challenging its dominance in the graphics industry. The company's revenue forecast for the quarter fell below estimates, and its overall market value is expected to decrease significantly. Despite being in the early stages of monetizing AI, Adobe announced a $25 billion stock buyback. The stock currently trades at 30.41 times forward profit estimates.
View Source
Chip tech provider Arm forecasts first-quarter revenue below estimates
Economic Times
·
3m ago
Medial
Arm Holdings' forecasts for the first quarter fall below Wall Street estimates amid global trade tensions impacting its chip architecture revenue used in smartphones and data centers. Despite beating fourth-quarter revenue expectations, Arm offered cautious forecasts due to US tariffs and semiconductor curbs affecting the outlook. Arm's shares fell over 8% after the forecast. CEO Rene Haas cited macroeconomic factors and licensing deal uncertainties as reasons for cautious guidance, despite ongoing growth in chip royalties.
View Source
Broadcom sees revenue below estimates on weak enterprise spending
Economic Times
·
1y ago
Medial
Chipmaker Broadcom expects its annual revenue to be below Wall Street estimates due to weak enterprise spending and competition following its acquisition of VMware. In fiscal 2024, Broadcom forecasts revenue of $50 billion, lower than the expected $52.50 billion. The company plans to divest VMware's non-core businesses and projects an annual adjusted EBITDA of around 60% of projected revenue, approximately $30 billion. Analysts are concerned about Broadcom's revenue moderation, impact from Cisco Systems' slowdown, and competition from Nvidia. In Q4, Broadcom's revenue was $9.30 billion but beat profit estimates with $11.06 per share.
View Source
Spotify forecasts profit below estimates on higher taxes, shares sink - The Economic Times
Economic Times
·
9d ago
Medial
Spotify's profit forecast fell below estimates due to increased taxes on staff salaries, causing shares to drop nearly 9%. Despite strong demand for premium plans, revenue and profit guidance missed expectations, though user growth exceeded forecasts. Spotify expanded its share buyback program to $2 billion to boost investor confidence. The company faces stiff competition from rivals like Apple and Amazon, leading to increased marketing expenses. Revenue rose but fell short of estimates due to unfavorable currency movements.
View Source
Accenture warns of first-quarter revenue below estimates
Livemint
·
1y ago
Medial
Accenture reported its Q4 revenue of $16 billion, slightly below estimates of $16.08 billion. The company also announced a first-quarter revenue forecast below Wall Street targets, citing high inflation and interest rate pressures. Accenture expects Q1 revenue of $15.85 billion to $16.45 billion, while analysts forecast $16.43 billion. Furthermore, the company's fiscal 2024 adjusted earnings per share guidance fell short of estimates. Accenture shares fell nearly 5% after the announcement.
View Source
Adobe's dull forecast raises AI monetisation doubts, shares fall
Economic Times
·
4m ago
Medial
Adobe's second-quarter revenue forecast aligns with Wall Street expectations, but lingering doubts about AI monetization have led to a share drop of over 4%. The company reported first-quarter revenues of $5.71 billion, surpassing forecasts. Even as Adobe integrates AI into its products to outpace competitors, concerns persist over the speed of AI monetization, despite assurances of future revenue growth. Analysts expect eventual excitement over new AI-driven products to outweigh current investor concerns.
View Source
Spotify's monthly user numbers miss estimates on lower promotions
Economic Times
·
1y ago
Medial
Swedish company Spotify reported Q1 results, with monthly active users (MAU) below its own estimates. Although MAUs increased by 19%, it fell short of Spotify's guidance and analysts' expectations. The company also projected Q2 MAUs at 631 million, missing estimates. Despite this, premium subscribers, who are the main source of revenue, grew by 14% to 239 million, in line with estimates. Spotify has been cutting costs, including through layoffs and reduced marketing expenses, to focus on increasing profits. Gross margins rose to 27.6% in Q1, aided by higher profits in the podcast business. Spotify's revenue for the quarter reached 3.64 billion euros ($3.89 billion), exceeding estimates. The company expects revenue to reach 3.8 billion euros in Q2.
View Source
Cisco beats earnings expectations as AI spurs networking gear demand
Economic Times
·
8m ago
Medial
Cisco Systems exceeded expectations in its first-quarter results, driven by increasing demand for its networking gear in the midst of the AI boom. The company predicts higher quarterly revenue and profit than anticipated, thanks to investments in AI technologies that require data centers utilizing Cisco's products. To diversify its business, Cisco aims to reduce reliance on its networking equipment division by focusing on areas such as cybersecurity, cloud systems, and AI-driven products. Despite facing supply chain issues and a downturn in demand, the company completed its acquisition of Splunk, enhancing its software business and cybersecurity capabilities. The company expects second-quarter revenue to surpass estimates, along with a rise in adjusted profit per share. Cisco forecasts annual revenue and adjusted profit within an optimistic range.
View Source
EBay forecasts quarterly revenue below expectations on weak demand
Economic Times
·
5m ago
Medial
eBay reported weaker-than-expected revenue forecasts for the first quarter due to economic uncertainty and reduced consumer spending on non-essential items, leading to a 9% dip in its shares. Facing challenges like high inflation, competition from Amazon and Alibaba, and U.S. tariff uncertainties, the company anticipates pressure on its take rate. Despite declining advertising revenue, eBay's luxury business and collectibles remain strong performers. Revenue projections are slightly below analysts' expectations.
View Source
Oracle forecasts Q3 revenue below estimates on weak cloud spending, shares fall
Economic Times
·
1y ago
Medial
Oracle has forecasted its Q3 revenue to be below estimates due to weak cloud spending, causing shares to fall. The company expects its cloud services and license support revenue to increase by 3-5% in Q3, falling short of the expected 5.9% growth. This news highlights the challenges faced by Oracle in the competitive cloud computing market.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
