Tag Archives: Profitable

BetMGM starts 2026 profitable but growth slows and outlook narrows slightly

BetMGM starts 2026 profitable but growth slows and outlook narrows slightly Suswati Basu     BetMGM entered 2026 still making money, though its latest results point to a business that has lost some of last year’s momentum. First-quarter net revenue reached $ 696 million, up 6% from the same period a year ago. Adjusted EBITDA … Continue reading BetMGM starts 2026 profitable but growth slows and outlook narrows slightly

Streaming is finally profitable. It offers a lesson in patience

February 11, 2025 Streaming is finally profitable. It offers a lesson in patience Netflix, Spotify, and more spent a decade burning money. With time, they grew profitable—and now are the industry’s shining stars. BY Henry Chandonnet Just a couple of years ago, pundits were warning of streaming’s demise. From Netflix to Spotify, these companies were burning … Continue reading Streaming is finally profitable. It offers a lesson in patience

Walmart shutters 51 doctor clinics after just a few years amid struggle to make healthcare profitable

April 30, 2024 Walmart shutters 51 doctor clinics after just a few years amid struggle to make healthcare profitable The decision to close the health centers, which were primarily located in smaller towns where customers might lack access to quality care, represents an abrupt reversal for the supermarket chain. BY Emily Price Walmart announced plans Tuesday … Continue reading Walmart shutters 51 doctor clinics after just a few years amid struggle to make healthcare profitable

Instacart is only profitable because of its annoying ads

  By Rob Walker September 01, 2023 Branded is a weekly column devoted to the intersection of marketing, business, design, and culture. Instacart, the grocery delivery platform that recently filed for an initial public offering, says that it is profitable. That’s an appetizing prospect for investors, who are hungry for new tech IPOs. But the company’s … Continue reading Instacart is only profitable because of its annoying ads

Soundcloud will lay off eight percent of its staff in hopes of becoming profitable

SoundCloud is laying off up to 20 percent of its workforce   Mariella Moon   @mariella_moon SoundCloud is joining the depressingly long list of companies in the tech industry that are letting personnel go due to the economic downturn. According to Billboard and Variety, company CEO Michael Weissman told employees in an email that it’s … Continue reading Soundcloud will lay off eight percent of its staff in hopes of becoming profitable

Lime reports its first fully profitable year on an adjusted basis

  By Lana Tleimat and Jessica Bursztynsky February 21, 2023 Micromobility startup Lime announced Tuesday that it was profitable throughout 2022 on an adjusted EBITDA basis—making it the first micromobility company to post a full profitable year, it said.   The company said it achieved a record $466 million in gross bookings last year, which … Continue reading Lime reports its first fully profitable year on an adjusted basis

7 Ways Macro-Management Can Make a Business Profitable and Productive

Jessica Robinson October 8, 2021 Every business leader has unique strategies and leadership styles with the common goal of advancing their organization to new horizons. In line with their leadership styles, they devise frameworks of ideas for up scaling employee engagement, employee retention and performance management. The ultimate objective is of course to guide an … Continue reading 7 Ways Macro-Management Can Make a Business Profitable and Productive