Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years
In fintech, most companies burn cash chasing growth at any cost, but for us? … Carly Lippman : Almost four years in at Mercury and I'm still so proud of what we're building. Loved seeing our 2025 gro...
Grab reports Q3 revenue up 22% YoY to $873M, vs. 869M est., and a $136M adjusted EBITDA, helped by group food orders, shared rides, and more; GRAB drops 5%+
Olivia Poh / Bloomberg :
Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7%
Cory Weinberg / The Information :
Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7%
Even as StubHub makes a renewed push to go public, its business isn't expanding as quickly as it had hoped.
Instacart reports Q2 revenue up 11% YoY to $914M, above est., orders up 17% YoY to 82.7M, vs. 80.8M est., and projects its Q3 GPV and EBITDA above est.
Dear Shareholders, We delivered another strong quarter … Bill Peters / MarketWatch : Instacart says its grocery partners are starting to ‘embrace more competitive pricing,’ as demand forecast tops est...
AppLovin reports Q2 revenue up 77% YoY to $1.26B, vs. $1.22B est., adjusted EBITDA up 99% YoY to $1.02B, and forecasts Q3 revenue above est.; APP jump 10%+
Adam Levine / Barron's Online :
Grab reports Q2 revenue up 23% YoY to $819M, vs. 812M est., and an adjusted EBITDA of $109M; Grab's shares are up 60% over the past year as its profit increased
Bloomberg :
Instacart reports Q1 revenue up 9% YoY to $897M, gross transaction volume up 10% YoY to $9.1B, and forecasts Q2 adjusted EBITDA above est.; CART jumps 5%+
Dear Shareholders, We're off to a strong start in 2025 as we continue … Connor Hart / Wall Street Journal : Instacart Posts Higher Revenue on Increased Orders
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023
Secondary Ticketing Sales Up 29% in 2024 Bill Peters / MarketWatch : Referenced Symbols — Ticket-resale platform StubHub on Friday said it had filed … Los Angeles Times : Ticket platform StubHub fil...
Sources: investors valued X at $44B in a secondary deal earlier in March; X posted ~$1.2B in adjusted EBITDA in 2024 and is raising ~$2B in a primary round
Social media site was valued at less than $10bn in September — Social media site X's valuation has soared back to $44bn …