Devonyu/iStock via Getty Images Many investors see Toast ( TOST ) as ‘just’ a restaurant Point of Sale provider. However, in recent years the company has broadened its horizons considerably, and can now be viewed as something of a combined POS, fintech, and hardware provider. Moreover, the company is scaling rapidly in terms of new locations, gross payment volume, and ARR. At a reasonable valuatio...
Devonyu/iStock via Getty Images Many investors see Toast ( TOST ) as ‘just’ a restaurant Point of Sale provider. However, in recent years the company has broadened its horizons considerably, and can now be viewed as something of a combined POS, fintech, and hardware provider. Moreover, the company is scaling rapidly in terms of new locations, gross payment volume, and ARR. At a reasonable valuation compared to its main listed peer Block ( XYZ ), and plenty of cash on the balance sheet to fuel growth, the company looks compelling. Growth Is Broadening The company’s Q4 and FY 2025 report was jam-packed with solid growth figures, not only in existing markets, but new ones as well. Overall revenue was up 24% for the year driven by a 23% increase in GPV (gross payment volume) and a 26% increase in ARR (annualized recurring run-rate). These are key metrics for what this company is increasingly becoming, namely a combined platform that integrates POS, inventory management and payments. An example of this broader strategy is the recent strategic partnership with Instacart, which will create a “unified local shelf” for businesses to synchronize their physical inventory with the Instacart marketplace. Free cash flow was especially impressive coming in at $608 million for the year, which means that they converted nearly 10% of their $6.153 billion in revenue and nearly twice their GAAP net income of $342 million into cash. Moreover, GAAP net income was up from $19 million in the previous year for an increase of around 18 times. Another impressive number was the record 30,000 new net locations, which includes international growth. With operations in Canada, the UK, and Ireland, the company entered Australia as its fourth international market and expects to keep expanding into other countries selectively where they have a “right to compete and win.” For Q1, analysts are expecting non-GAAP EPS of $0.27, up from $0.20 in the year earlier period for a healthy 35% year-over-year inc...
Keurig Dr Pepper press release ( KDP ): Q1 Non-GAAP EPS of $0.39 beats by $0.02 . Revenue of $3.98B (+9.3% Y/Y) beats by $150M . Net sales for the first quarter increased 9.4% to $4.0 billion. On a constant currency basis, net sales advanced 8.1%, driven by favorable net price realization of 5.5% and volume/mix growth of 2.6%. For 2026, KDP expects net sales of $25.9-$26.4 billion and constant cur...
Keurig Dr Pepper press release ( KDP ): Q1 Non-GAAP EPS of $0.39 beats by $0.02 . Revenue of $3.98B (+9.3% Y/Y) beats by $150M . Net sales for the first quarter increased 9.4% to $4.0 billion. On a constant currency basis, net sales advanced 8.1%, driven by favorable net price realization of 5.5% and volume/mix growth of 2.6%. For 2026, KDP expects net sales of $25.9-$26.4 billion and constant currency Adjusted diluted EPS growth in a low-double-digit range. This guidance is comprised of 4-6% constant currency net sales growth and 4-6% constant currency Adjusted diluted EPS growth for KDP's legacy business, as well as an incremental contribution from the JDE Peet's acquisition. Shares +1.7% PM. More on Keurig Dr Pepper Keurig Dr Pepper: Despite The Business Transformation Risks, I Am A Buyer Keurig Dr Pepper: Rating Upgrade As The Setup Has Turned Favorable Keurig Dr Pepper Inc. (KDP) Q4 2025 Earnings Call Transcript Keurig Dr Pepper renews Starbucks K-Cup pods partnership with Nestlé USA Vertiv Holdings tops large-cap ROE growth list, as market prepares to ride out volatility
Portugal has invited Air France-KLM and Deutsche Lufthansa AG to submit binding bids for a minority stake in TAP SA , setting up a contest for one of Europe’s last remaining state-owned airlines. The decision was announced following a cabinet meeting in Lisbon on Thursday. Portugal plans to sell as much as 49.9% of the airline, with a 5% stake first reserved for employees. It backed a proposal by ...
Portugal has invited Air France-KLM and Deutsche Lufthansa AG to submit binding bids for a minority stake in TAP SA , setting up a contest for one of Europe’s last remaining state-owned airlines. The decision was announced following a cabinet meeting in Lisbon on Thursday. Portugal plans to sell as much as 49.9% of the airline, with a 5% stake first reserved for employees. It backed a proposal by state holding company Parpública, which manages its ownership in TAP, to advance both bids. People familiar with the matter had said earlier this week that officials were likely to move Air France-KLM and Lufthansa to the next stage. The two airline groups will now conduct due diligence and are expected to submit binding offers within about three months, in line with the government’s previously announced privatization timeline. TAP is valued for its network linking Europe with Brazil, North America and parts of Africa, making it an attractive target for larger airline groups looking to expand their long-haul operations.
Nik Storonsky, CEO of Revolut, built one of the world's most valuable fintech companies -- now worth around $75 billion. In this interview, he explains how a simple idea -- eliminating hidden foreign exchange fees -- turned Revolut into a global digital bank offering payments, trading, crypto, and business banking in one app. In this episode of The David Rubenstein Show: Peer to Peer Conversations...
Nik Storonsky, CEO of Revolut, built one of the world's most valuable fintech companies -- now worth around $75 billion. In this interview, he explains how a simple idea -- eliminating hidden foreign exchange fees -- turned Revolut into a global digital bank offering payments, trading, crypto, and business banking in one app. In this episode of The David Rubenstein Show: Peer to Peer Conversations, Storonsky discusses Revolut’s growth, the future of fintech, plans for US expansion, and whether an IPO is coming. This interview was recorded April 14 at the Johns Hopkins Bloomberg Center in Washington DC. (Source: Bloomberg)
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong is set for intense thundery showers and gusts on Thursday evening, the weather forecaster has warned, with local temperatures expected to dip to as low as 19 degrees Celsius (66.2 Fahrenheit) under a cold front. In two separate special alerts issued a...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong is set for intense thundery showers and gusts on Thursday evening, the weather forecaster has warned, with local temperatures expected to dip to as low as 19 degrees Celsius (66.2 Fahrenheit) under a cold front. In two separate special alerts issued at 6pm, the Observatory said an area of intense thundery showers associated with upper-air...
Jacob Wackerhausen/iStock via Getty Images UK telecom operators have warned that they may be forced to ration mobile signal access as the Iran war drives energy prices higher, with some companies drawing up contingency plans to reduce costs, The Telegraph reported. Companies such as VodafoneThree, Virgin Media O2 and BT-owned EE issued the warning to the government after being excluded from a majo...
Jacob Wackerhausen/iStock via Getty Images UK telecom operators have warned that they may be forced to ration mobile signal access as the Iran war drives energy prices higher, with some companies drawing up contingency plans to reduce costs, The Telegraph reported. Companies such as VodafoneThree, Virgin Media O2 and BT-owned EE issued the warning to the government after being excluded from a major energy support scheme. The contingency plans include options like rationing access to mobile networks, slowing down speeds to reduce energy use, and surge pricing. The companies also warned that they may be forced to scale back plans to expand their 5G networks, which could lead to jobs either being cut or moved offshore. The UK government unveiled the British Industrial Competitiveness Scheme last week, under which electricity bills for over 10,000 energy-intensive manufacturers would be cut by up to 25% next year. But telecom firms were excluded from the support scheme. These companies believe their sector must be included as they operate critical national infrastructure. Mobile networks consume just under 1 terawatt-hour of electricity annually, equivalent to powering 370,000 homes a year. According to telecom executives, the sector is disproportionately exposed to the war-driven energy crisis due to the "always on" nature of mobile networks – meaning they can't shift demand to cheaper, off-peak times. VodafoneThree said it was disappointed by the exclusion from the scheme. "We urge the government to consider the impact of rising energy prices on the vital telecoms sector that unlocks growth in all parts of the economy," a spokesperson said. BT and Virgin Media O2 said they had no plans to ration access to their networks, but warned that rising energy prices could hinder long-term investment in the UK. Mobile network operators are required by law to maintain connectivity, a UK government spokesperson told The Telegraph . If telecom operators decided to ration access to...
Mill Industries Inc. ("Mill") today announced that Mill Commercial, the company's high-capacity food recycler, will feature a Gemini-enabled visual waste characterization system, able to classify, track and characterize food scraps at the point of generation.
Mill Industries Inc. ("Mill") today announced that Mill Commercial, the company's high-capacity food recycler, will feature a Gemini-enabled visual waste characterization system, able to classify, track and characterize food scraps at the point of generation.
Keurig Dr Pepper Inc ’s quarterly revenue and earnings beat expectations as strong sales of cold beverages and in international markets offset a decline in coffee. The beverage company, which makes Dr Pepper soda and Keurig coffee, reported Thursday first quarter revenue of $3.98 billion, topping the average of analyst estimates. Earnings per share, excluding some items, also exceeded projections....
Keurig Dr Pepper Inc ’s quarterly revenue and earnings beat expectations as strong sales of cold beverages and in international markets offset a decline in coffee. The beverage company, which makes Dr Pepper soda and Keurig coffee, reported Thursday first quarter revenue of $3.98 billion, topping the average of analyst estimates. Earnings per share, excluding some items, also exceeded projections. Keurig Dr Pepper earlier this month completed its acquisition of JDE Peet’s NV — the first step in a strategic overhaul — and expects to be ready later this year to split the combined entity into two: a beverage company led by current Keurig CEO Tim Cofer , among others, and a coffee company led by JDE Peet’s chief executive Rafael Oliveira . The company has faced market skepticism over the amount of debt involved and has twice raised additional capital to win over investors. “With well-constructed plans in place, high-quality execution, and improving cost visibility as the year unfolds, we remain confident in our ability to deliver on our commitments while standing up two pure-play companies positioned for success,” Cofer said in a statement Thursday. Keurig Dr Pepper shares were virtually unchanged in New York premarket trading. The stock had fallen 5.3% this year through Wednesday’s close, compared to a 4.3% increase in the S&P 500 Index. In the first quarter, the company’s cold beverages revenue grew by 12%, driven by higher volumes and price, and international revenue was up 20%. Those gains offset a 2.3% drop in US coffee revenue, where rising coffee prices weighed down sales volumes. The company reaffirmed its outlook for the full year of net sales between $25.9 billion and $26.4 billion and adjusted earnings per share growth in the low double digit range.
Comcast press release ( CMCSA ): Q1 Non-GAAP EPS of $0.79 beats by $0.06 . Revenue of $31.46B (+5.3% Y/Y) beats by $1.11B . Generated Consolidated Adjusted EBITDA of $7.9 Billion, Adjusted EPS of $0.79 and Free Cash Flow of $3.9 Billion. Net Cash Provided by Operating Activities was $6.9 billion. Free Cash Flow was $3.9 billion. Peacock Delivered Strong Growth with Paid Subscribers Increasing 12% ...
Comcast press release ( CMCSA ): Q1 Non-GAAP EPS of $0.79 beats by $0.06 . Revenue of $31.46B (+5.3% Y/Y) beats by $1.11B . Generated Consolidated Adjusted EBITDA of $7.9 Billion, Adjusted EPS of $0.79 and Free Cash Flow of $3.9 Billion. Net Cash Provided by Operating Activities was $6.9 billion. Free Cash Flow was $3.9 billion. Peacock Delivered Strong Growth with Paid Subscribers Increasing 12% Year-over-Year to 46 Million and Revenue Growth of 71%, Surpassing $2 Billion for the First Time Theme Parks EBITDA Increased 33% to $551 Million, Fueled by the Opening of Epic Universe in May 2025 More on Comcast Comcast Has Finally Fallen Low Enough To Get Interesting Comcast: Broadband Customer Base In Focus Ahead Of Q1 Comcast Looks Intriguing Here, But History Remains A Concern Comcast Q1 Preview: What to expect ‘Super Mario Galaxy Movie’ stays No. 1 as domestic box office slips 34%
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on how much more difficult it is for law enforcement to combat online child sexual abuse in the AI era. Tech Across the Globe TSMC pauses equipment upgrade: The chipmaker said machines from ASML are too pricey to use. Here’s the explanation . Texas Ins...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on how much more difficult it is for law enforcement to combat online child sexual abuse in the AI era. Tech Across the Globe TSMC pauses equipment upgrade: The chipmaker said machines from ASML are too pricey to use. Here’s the explanation . Texas Instruments’ surprising outlook: The chipmaker gave a forecast that beat expectations, helped by big spending on data centers. See the numbers here . Ping-pong-playing robot: Scientists at Sony AI have developed a robot that can beat some expert human players in table tennis. Take a look at its form . Revalued Nvidia-backed software startup Vast Data has raised about $1 billion in a round that more than tripled its valuation to $30 billion. The firm sells software and appliances for AI work that aims to replace more traditional storage and database products. Fighting child predators Artificial intelligence is poised to impact every part of life. Unfortunately, that includes the dark and criminal parts, too. For the past six months, my colleagues and I have been investigating how the rise of AI tools has emboldened child predators , making it easier than ever for them to create child sex abuse imagery. Sometimes these images or videos depict kids that have been totally fabricated, but oftentimes they are AI adaptations of regular and innocent child photos — real kids, suddenly warped in unthinkable ways. Investigators who fight these crimes can’t always tell what’s real, which hinders their ability to save children in imminent physical danger. We heard several law enforcement officials talk about the risk of spending hours, days or even weeks trying to track down a child who doesn’t exist, all while real kids are out there being harmed. The story is the latest in a series on this topic , with more to come from Bloomberg later this year. While the technology issues themselves ar...
Sergei Dubrovskii/E+ via Getty Images Helix Energy Solutions ( HLX ) and Hornbeck Offshore Services ( HOS ) said Thursday they agreed to merge in an all-stock deal, creating a premier integrated offshore services company. Under the deal terms, Hornbeck ( HOS ) shareholders would receive a fixed exchange ratio of 10.27167 shares of Helix ( HLX ) common stock for each share of Hornbeck common stock ...
Sergei Dubrovskii/E+ via Getty Images Helix Energy Solutions ( HLX ) and Hornbeck Offshore Services ( HOS ) said Thursday they agreed to merge in an all-stock deal, creating a premier integrated offshore services company. Under the deal terms, Hornbeck ( HOS ) shareholders would receive a fixed exchange ratio of 10.27167 shares of Helix ( HLX ) common stock for each share of Hornbeck common stock owned. Upon closing, Hornbeck ( HOS ) shareholders will own ~55% and Helix ( HLX ) shareholders will own ~45% of the combined company on a fully diluted basis; the combined company will operate as Hornbeck Offshore Services and trade on the NYSE under the HOS ticker. Todd Hornbeck will serve as President and CEO of the combined company, whose board will comprise seven directors, three from Helix ( HLX ) and four from Hornbeck ( HOS ). The companies expect the transaction to generate $75M or more in annual revenue and cost synergies within three years. More on Helix Energy Solutions and Hornbeck Offshore Services Helix Energy Solutions Reports Net Income And Free Cash Flow For Q4 2025 Helix Energy Solutions Presents at Piper Sandler 26th Annual Energy Conference 2026 - Slideshow Helix Energy Solutions Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow
Comcast Corp. reported first-quarter financial results that exceeded analysts’ estimates with fewer losses among broadband customers, offsetting lackluster growth at its Peacock streaming service. The Philadelphia-based company, whose brands include the Xfinity internet and cable services, NBC broadcast network and Universal Pictures , posted revenue of $31.5 billion, up 5.3% and beating Wall Stre...
Comcast Corp. reported first-quarter financial results that exceeded analysts’ estimates with fewer losses among broadband customers, offsetting lackluster growth at its Peacock streaming service. The Philadelphia-based company, whose brands include the Xfinity internet and cable services, NBC broadcast network and Universal Pictures , posted revenue of $31.5 billion, up 5.3% and beating Wall Street’s estimates of $30.3 billion. Adjusted earnings per share were 79 cents, compared with analysts’ projections of 72 cents. The shares rose 8.4% in premarket trading in New York. They had gained 4.9% this year through the close on Wednesday, compared with a 16% increase at rival Charter Communications Inc. To counter encroaching competition for internet subscribers from the Big Three telecom companies, Comcast last year redid its marketing strategy, offering rates of $45-a-month for broadband access with five-year price guarantees. It has also been emphasizing its mobile phone service, with free lines given to internet subscribers for one year. On Wednesday, Comcast introduced two new phone promotions that included perks such as device upgrades anytime and connectivity when traveling internationally. Comcast completed a spinoff of some of its struggling cable networks into a separate company called Versant Media Group Inc . in January. In the first quarter, Comcast shed 65,000 domestic broadband customers, compared with analysts’ expectations for a loss of nearly 170,000 customers. In Comcast’s biggest unit, which includes broadband, revenue totaled $19.96 billion, about the same as it was a year earlier. The unit reported adjusted earnings before interest, taxes, depreciation and amortization decline 4% to $7.91 billion. Despite broadcasting a trio of high-profile sport events that included the Winter Olympics, Super Bowl and NBA All-Star Game that helped advertising revenue more than double, Comcast’s media unit posted a $426 million-loss in adjusted Ebitda as it felt th...
LUXEMBOURG, April 23, 2026 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2026.
LUXEMBOURG, April 23, 2026 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2026.
The bank sees the next phase of the AI trade rewarding execution and returns rather than mere exposure to the theme, and retains an attractive view on US equities with an S&P 500 target of 7,500 Fresh evidence of surging capital flows into artificial intelligence has prompted UBS to argue...
The bank sees the next phase of the AI trade rewarding execution and returns rather than mere exposure to the theme, and retains an attractive view on US equities with an S&P 500 target of 7,500 Fresh evidence of surging capital flows into artificial intelligence has prompted UBS to argue...