Telehealth provider Amwell on Wednesday (July 31) reported second-quarter revenue of $62.8 million (above guidance of $61.1 million), driven by $27.5 million in subscription revenue and $28.7 million from visits to Amwell Medical Group (AMG). Despite a net loss of $49.9 million — down from...
Digital insurance provider Lemonade is continuing to incorporate artificial intelligence (AI) into its business. “Investors and analysts often ask about the practical impact of our investments in building our own tech-based insurance tech. I believe our recent quarterly results clearly demonstrate that,” Lemonade Co-founder and Co-CEO Shai Wininger...
Freelancer platform Fiverr saw its revenue rise 6% year over year, to $94.7 million, in the second quarter of 2024 despite macroeconomic volatility. In the company’s Wednesday (July 31) earnings report, Fiverr also announced its acquisition of AutoDS, a subscription-based drop-shipping platform. AutoDS, known for...
Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its earnings call Wednesday (July 31). “The macroeconomic environment remains mixed, and we continue to monitor the positives and negatives,” Mastercard...
LendingClub’s latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer relationships. CEO Scott Sanborn noted on the conference call with analysts that originations were up 10% to...
Some Starbucks customers faced a disruption on Tuesday (July 30) as the company’s mobile ordering system failed for the second time this month. The outage, affecting several major U.S. cities, left patrons dealing with long lines and forced to place orders in person, just as...
The digital transformation of Western Union continues with the money-transfer company posting double-digit growth in global mobile and online transactions for the second quarter, despite headwinds from sanctions on Iraqi banks. As CEO Devin McGranahan told the company’s earnings call, the digital growth was a...
Procter & Gamble announced a 4% organic sales growth for fiscal year 2024, continuing a streak of six consecutive years with at least a 4% rise. Net sales rose 2%, to $84 billion, while fourth-quarter sales, shipment volumes and product mix were flat year over...
JetBlue is focusing on its East Coast leisure routes as it works to return to profitability. The airline released quarterly earnings Tuesday (July 30) showing a $25 million profit, and said it plans to emphasize flights in and out of New York, Puerto Rico and New England, where...
