Revenue Loss

Indian shares reversed early losses to hit record highs on Thursday, led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter.

Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.

Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.

In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.

Unity will soon charge developers a certain fee based on the number times a game is installed onto a system. The plan is called Unity Runtime Fee and it goes into effect starting January 1, 2024, upsetting indie developers around the world, who are bound to make a loss and potentially, go bankrupt because of it. For those on Unity Personal and Plus...

Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...

India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.

Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.

Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...

Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.

Shares of Zomato climbed 2.55 per cent in morning trade on Monday, after the company's consolidated net loss narrowed to Rs 187.6 crore in the fourth quarter ended March 2023, on the back of robust revenue growth.

Cryptocurrency exchange Coinbase Global posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sending its shares up 7 percent in extended trading on Thursday.

Snapchat now has 750 million monthly active users, Snap CEO Evan Spiegel said during an investor presentation on Thursday. The owner of photo messaging app Snapchat reported dismal quarterly earnings last month, revealing that it expected current quarter revenue to drop by as much as 10 percent.

Vodafone Idea reported an increased consolidated loss of Rs. 7,990 crore for the third quarter ended December 31, 2022. The debt-ridden telecom operator’s consolidated revenue, however, increased by 9.29 percent to Rs. 10,620.6 crore from Rs. 9,717.3 crore in the December 2021 quarter.

Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".

Indian shares reversed early losses to hit record highs on Thursday, led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter.

Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.

Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.

In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.

Unity will soon charge developers a certain fee based on the number times a game is installed onto a system. The plan is called Unity Runtime Fee and it goes into effect starting January 1, 2024, upsetting indie developers around the world, who are bound to make a loss and potentially, go bankrupt because of it. For those on Unity Personal and Plus...

Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...

India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.

Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.

Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...

Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.

Shares of Zomato climbed 2.55 per cent in morning trade on Monday, after the company's consolidated net loss narrowed to Rs 187.6 crore in the fourth quarter ended March 2023, on the back of robust revenue growth.

Cryptocurrency exchange Coinbase Global posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sending its shares up 7 percent in extended trading on Thursday.

Snapchat now has 750 million monthly active users, Snap CEO Evan Spiegel said during an investor presentation on Thursday. The owner of photo messaging app Snapchat reported dismal quarterly earnings last month, revealing that it expected current quarter revenue to drop by as much as 10 percent.

Vodafone Idea reported an increased consolidated loss of Rs. 7,990 crore for the third quarter ended December 31, 2022. The debt-ridden telecom operator’s consolidated revenue, however, increased by 9.29 percent to Rs. 10,620.6 crore from Rs. 9,717.3 crore in the December 2021 quarter.

Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".