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Netflix's net income leaps to $3.1 billion - The Economic Times

Economic Times

Economic Times · 1m ago

Netflix's net income leaps to $3.1 billion - The Economic Times

Netflix reported a strong second quarter with $11.1 billion in revenue and $3.1 billion in net income, exceeding Wall Street expectations. Viewers streamed over 95 billion hours in the first half of 2025, and the company earned 120 Emmy nominations. Netflix plans to reboot "Star Search" and continue expanding its live programming. With increased viewership and revenue forecasts, the streaming giant remains a major player in the industry.

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Clay valued at $3.1 billion in latest fundraise as AI continues to run hot - The Economic Times

Economic Times

Economic Times · 23d ago

Clay valued at $3.1 billion in latest fundraise as AI continues to run hot - The Economic Times

AI startup Clay has raised $100 million in its latest funding round, valuing it at $3.1 billion. The investment was led by CapitalG, the independent growth fund of Google-parent Alphabet, showing industry support for Clay's offerings. This fundraising brings Clay's total funding to $204 million, as investors continue to actively fund artificial intelligence companies.

Apple bids for Formula 1 rights in US: Financial Times - The Economic Times

Economic Times

Economic Times · 1m ago

Apple bids for Formula 1 rights in US: Financial Times - The Economic Times

Apple is in talks to acquire exclusive U.S. broadcasting rights for Formula 1, challenging current broadcaster ESPN. This follows the success of Apple's film "F1: The Movie" and aims to capitalize on the growing popularity of F1 in the U.S., partly due to Netflix's series "Formula 1: Drive to Survive." Netflix is also a contender for these rights when ESPN's exclusivity expires. The final decision remains pending.

Xiaomi's second-quarter revenue up 30.5%, boosted by smartphones - The Economic Times

Economic Times

Economic Times · 9d ago

Xiaomi's second-quarter revenue up 30.5%, boosted by smartphones - The Economic Times

Xiaomi's second-quarter revenue rose 30.5%, driven by increased smartphone shipments, particularly in Southeast Asia, despite a sluggish global market. The company’s quarterly revenue reached 116 billion yuan, surpassing analyst expectations, while adjusted net profit grew 75.4% year-on-year to 10.8 billion yuan. Xiaomi remained the top smartphone brand in Southeast Asia and the second in Europe. Its EV business revenue and shipments also grew, though it still posted a net loss.

Netflix to livestream NASA launches, spacewalks starting summer - The Economic Times

Economic Times

Economic Times · 1m ago

Netflix to livestream NASA launches, spacewalks starting summer - The Economic Times

NASA has partnered with Netflix to stream its NASA+ service, offering live views of space-related events like rocket launches and spacewalks starting this summer. The collaboration aims to reach Netflix's extensive global audience of over 700 million, providing access to NASA's content for free, without ads, through the NASA app and website. This initiative aligns with NASA's mission to share its exploration stories widely, inspiring new generations worldwide.

Bluestone set to list on Tuesday: Here’s all you need to know about the IPO - The Economic Times

Economic Times

Economic Times · 10d ago

Bluestone set to list on Tuesday: Here’s all you need to know about the IPO - The Economic Times

Bluestone, an omnichannel jewelry retailer, is set to list on exchanges following a successful IPO that raised over Rs 1,540 crore, including Rs 820 crore from fresh shares. The IPO witnessed strong interest from institutional and retail investors, but not from high-net-worth individuals. Shares offered no premium in the grey market. The proceeds will support working capital needs and general corporate purposes. Despite rising income, Bluestone reported a net loss due to marketing and expansion expenses.

Filed ITR will become invalid unless verified within 30 days from this date - The Economic Times

Economic Times

Economic Times · 23d ago

Filed ITR will become invalid unless verified within 30 days from this date - The Economic Times

Taxpayers must e-verify their Income Tax Return (ITR) within 30 days of filing to avoid penalties. E-verification can be done using methods like OTP on an Aadhaar-registered mobile, EVC via a bank or demat account, ATM, Net Banking, or DSC. Alternatively, taxpayers can send ITR-V to the Bengaluru processing center. Without verification, the ITR is considered invalid. The filing deadline for some has been extended to September 15, 2025.

Netflix shares rise as rosy outlook calms investors' nerves amid tariff fears

Economic Times

Economic Times · 4m ago

Netflix shares rise as rosy outlook calms investors' nerves amid tariff fears

Netflix's shares rose by about 3% after its optimistic annual revenue outlook eased investor concerns over potential economic downturns due to tariff issues. Co-CEO Greg Peters highlighted the company's resilience during downturns and noted no significant changes in customer behavior. Netflix reaffirmed its 2025 revenue forecast between $43.5 billion and $44.5 billion. Analysts anticipate strong growth in Netflix's advertising business, with high long-term prospects, despite current economic challenges. Several brokerages have raised Netflix's price target.

Microsoft’s gaming revenues overtake Windows thanks to Activision Blizzard

Ycombinator

Ycombinator · 1y ago

Microsoft’s gaming revenues overtake Windows thanks to Activision Blizzard

Microsoft has posted its second-quarter fiscal financial results for 2024, reporting a revenue of $62 billion and a net income of $21.9 billion. With revenue up 18% and net income increasing by 33%, this is also the first quarter in which Microsoft is reporting earnings as a $3 trillion company. The gaming division, bolstered by the recently acquired Activision Blizzard, has become Microsoft's third-largest business. Office and cloud services remain the company's top revenue contributors, while Surface sales continue to decline.

Lenskart's Bansal set to join list of founders with pre-IPO stake boosts - The Economic Times

Economic Times

Economic Times · 1m ago

Lenskart's Bansal set to join list of founders with pre-IPO stake boosts - The Economic Times

Lenskart plans to increase CEO Peyush Bansal's stake by issuing additional shares, reflecting a trend among tech firms to reward founders before IPOs. This move aligns with strategies by companies like Swiggy and Zomato, which have granted stock options to founders to boost their stakes. Lenskart's IPO, targeting a $10 billion valuation, is expected soon. The company's recent valuation was $6.1 billion, with significant revenue growth and reduced net losses.

SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks - The Economic Times

Economic Times

Economic Times · 21d ago

SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks - The Economic Times

SoftBank Group reported a net profit of $2.87 billion in the first quarter, driven by gains in its Vision Fund portfolio, particularly from Coupang's share price surge. The company is making substantial AI investments, leading a $40 billion funding round for OpenAI and a $500 billion US data center project. Investors are keen on financing updates and monetization opportunities from its $45 billion late-stage companies. Recent performance in exits and profit distribution has been mixed.

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