As Yum Brands aims to be a “leading global digital restaurant company,” per CEO David Gibbs, the quick-service restaurant (QSR) giant is tapping its tech acquisitions to create a unified eCommerce ecosystem on which to layer artificial intelligence (AI) capabilities to drive sales and productivity....
Uber marked a milestone in the second quarter, with 7.4 million monthly drivers and couriers globally, per the company’s earnings report released Tuesday (Aug. 6). The company’s focus on expanding its service offerings and strategic partnerships has been key to its success. In recent developments,...
Digital banking platform Dave said customers are increasingly turning to its ExtraCash offering. Originations for the cash advance program reached $1.2 billion for the company’s most recent quarter, up 37% year over year, according to a Tuesday (Aug. 6) earnings press release. CEO Jason Wilk...
Amid revenue declines, ThredUp is not anticipating the financial pressure that consumers are feeling let up any time soon. The online consignment and thrift store shared in its second-quarter 2024 earnings results Monday (Aug. 5) that it saw a 4% decline in total revenue year...
In the automotive industry, Q2 2024 brought a blend of triumphs and trials for the major players. As traditional automakers and innovative disruptors alike navigate a landscape marked by rapid technological advancement and shifting consumer preferences, their quarterly performances offer a snapshot of broader industry...
The sports gaming industry is at a crossroads, with technological innovation, regulatory changes, and consumer habits all combining to drive rapid evolution. And all three of those themes were central to executive commentary during DraftKings’ second-quarter 2024 earnings call Friday (Aug. 2). “We very efficiently...
On Thursday (Aug. 1), Snap, the parent company of Snapchat, announced it reached a milestone during the second quarter: 850 million monthly active users. “Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers,”...
The crypto industry is an unpredictable one. For years it has been defined by giant surges in value, as well as equally momentous drops. And if Coinbase Global Inc.’s second-quarter 2024 earnings are any indication, that fact about the digital asset landscape is showing no...
As consumers look to cut costs amid ongoing financial pressures, DoorDash is seeing that digital ordering is largely protected from the traffic declines experienced across other channels in the restaurant industry. The San Francisco-based restaurant aggregator shared Thursday (Aug. 1) in its second-quarter 2024 earnings...
