revenue – TOP DAILY NEWS

Nov12024 by adminNo Comments

Universal Music Group Posts $3.12 Billion in Q3 2024 Revenue As Subscription Streaming’s Contribution Remains Flat

Entertainment

Universal Music Group head Lucian Grainge. Picture Credit: UMGIn the middle of continued streaming-plateau issues, Universal Music Group (UMG) has actually published its Q3 2024 financials-- total with flat taped music streaming membership profits and a minor ad-supported income enhancement. These and other intriguing efficiency information emerged in the leading label's just-released third-quarter profits report. As numerous will remember, UMG shares parted with over 20% of their worth in the wake of the Q2 report, relatively due to financier issues about a possible streaming plateau.Consequently, an expansion-minded Universal Music put out an aggressive streaming projection, anticipating an 8-10% yearly subscription-revenue growth on the taped side, going through 2028.To put it simply, t...

McDonald’s stock sputters after Q3 incomes, E. Coli break out

Business

Key points McDonald's stock was down somewhat on Tuesday after launching Q3 incomes. The junk food chain beat experts price quotes. It revealed that recently's E. Coli break out has actually been consisted of and was because of onions, not beef. The junk food chain beat 3rd quarter profits and income price quotes. McDonald's (NYSE: MCD) has actually been handling the fallout in current weeks of an E. Coli break out in about 10 U.S. states, consisting of Colorado and Nebraska, triggered by slivered onions in its Quarter Pounder hamburger. The bright side is that the break out has actually been included and the Quarter Pounders will go back to the menu, after being drawn in the afflicted states. They will not consist of onions for now. While the break out did not effec...

BTC miner Hut 8 pivots to AI as BTC earnings dry up

Business

Homepage > News > Tech > BTC miner Hut 8 pivots to AI as BTC earnings dry up As BTC block benefit mining revenues dry up, miners are rotating to expert system (AI) to ride the wave back to success. The current is Hut 8 (NASDAQ: HUT), among the biggest United States miners, now providing AI customers GPU-as-a-Service. Hut 8 just recently revealed the launch of the service, exposing that the inaugural GPU cluster is now online and creating earnings. Hosted in Chicago and run by Hut 8 subsidiary Highrise AI, the cluster makes up 1,000 Nvidia (NASDAQ: NVDA) H100 GPUs powering several Hewlett Packard Enterprise Cray supercomputers. "Consistent with our dedication to disciplined capital allowance, our company believe an attentively structured AI calculate organization will be accretive both ...