In recent news, Flutter reported outstanding second-quarter earnings, impressing investors and causing shares to surge by approximately 8% on Wednesday. The success was attributed to the growth in revenue of FanDuel, particularly in states where sports betting and online gaming are already well established. However, the key announcement that caught everyone’s attention was FanDuel’s decision
Earnings
Tencent, one of the leading tech giants in China, exceeded both top and bottom line expectations in the second quarter. With a revenue of 161.12 billion Chinese yuan ($22.5 billion), beating the LSEG consensus estimate of 160.77 billion yuan, and a profit of 47.63 billion Chinese yuan surpassing the expected 39.95 billion yuan, the company
Palo Alto Networks has recently made a significant shift towards “platformization,” which involves bundling its products and services together. This strategy has caused the company to offer certain products for free or at a discount initially to attract customers to try out their consolidated offerings. While this move led to a nosedive in Palo Alto’s