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Roku (ROKU) Platform Revenue Jumps 28% As Advertiser Growth Offsets Device Weakness
Simply Wall St.72d agobullish
Roku (ROKU) Platform Revenue Jumps 28% As Advertiser Growth Offsets Device Weakness

Roku reported 28% growth in its high margin platform revenue, highlighting the strength of its advertising focused business. The number of advertisers on Roku more than doubled year over year, pointing to rising interest in its streaming platform. Device sales declined over the same period, putting more attention on Roku's shift from hardware to services. Management reiterated a goal of generating significant free cash flow by 2028 as the business mix continues to evolve. Roku, traded on...

Paramount agrees to delay closing Warner buyout for months while judge considers states' challenge
Associated Press72d agobullish
Paramount agrees to delay closing Warner buyout for months while judge considers states' challenge

Paramount on Friday agreed to delay closing its $81 billion buyout of Warner Bros. Discovery well into next year, as a judge continues to consider a challenge from 12 states seeking to block the deal altogether. In a court filing, Paramount said it wouldn’t close the merger until either a court ruling is made on the merits of the states’ lawsuit or June 1, 2027. The move arrives just days after U.S. District Judge Araceli Martínez-Olguín granted a temporary restraining order to freeze the transaction for several weeks, ruling that the states had raised some “serious questions” and a strong case about the merger's potential to “substantially lessen competition.”

Investing.com72d agobullish
Uber under pressure: Waymo partnership on the brink

Investing.com -- Uber Technologies (NYSE: UBER) shares skidded 4% on Friday, with losses accelerating in the final hour of trading following a revealing Financial Times report that Alphabet’s Waymo is eyeing the exit ramp on their alliance. According to the report, the self-driving car company is holding internal discussions about terminating its current agreements with the ride-hailing giant, which presently include joint operations in Austin and Atlanta. The Breakdown Uber has confirmed the fr

3 Reasons WYNN is Risky and 1 Stock to Buy Instead
StockStory72d agobullish
3 Reasons WYNN is Risky and 1 Stock to Buy Instead

Over the past six months, Wynn Resorts’s shares (currently trading at $95.86) have posted a disappointing 16% loss, well below the S&P 500’s 7.9% gain. This might have investors contemplating their next move.

Cleveland Cliffs (CLF) Promotes Celso Goncalves After Strong Q2 And Upbeat Outlook
Simply Wall St.72d agobullish
Cleveland Cliffs (CLF) Promotes Celso Goncalves After Strong Q2 And Upbeat Outlook

Cleveland-Cliffs (NYSE:CLF) reported strong Q2 results, with higher adjusted EBITDA, a smaller net loss, and stronger revenue. The company issued an upbeat Q3 outlook, indicating expectations for its strongest second-half earnings performance since 2021 and reaffirmed its shipment guidance. The Board promoted Celso Goncalves to President and appointed him to the Board, marking a key leadership change tied to Cleveland-Cliffs' growth plans. Cleveland-Cliffs enters this new reporting period...