9/2/2023 0 Comments Drive shack earnings callShacknews will continue to share the biggest financial stories in technology. Today also brought financial news for Microsoft and Google by way of their own earnings reports. BLOOMTOWN: Starbucks, Wendys among new businesses coming to Van. This forecast also assumes modest sequential headcount growth as we continue to carefully calibrate our operating investments to focus on the inputs most essential to the acceleration of topline growth. Wendys (WEN) Q1 Earnings & Revenues Top Estimates, Rise Y/Y. At this level of revenue, we estimate that Adjusted EBITDA will be between negative $50 million and negative $100 million reflecting estimated infrastructure costs per DAU of $0.79 to $0.84 in Q3, as we continue to invest in ML, AI, and other infrastructure to improve the performance of our ad platform, drive deeper content engagement, and bring innovative product experiences to our community. Our guidance range for Q3 revenue reflects our best estimate of these factors, with total revenue estimated to be between $1,070 to $1,130 million implying negative 5% to flat year-over-year growth. From a revenue perspective, our business remains in a period of rapid transition as we work to improve our advertising platform, while forward visibility of advertising demand remains limited. Snapchat also provided guidance for the upcoming third quarter.Īs we enter Q3, we anticipate continued robust growth in our global community and, as a result, our financial guidance for Q3 is built on the assumption that DAU will reach 405 million to 406 million in Q3. “We are excited by the progress we have made delivering increased return on investment for our advertising partners, growing our community to 397 million daily active users, and reaching more than 4 million Snapchat+ subscribers,” said Evan Spiegel, CEO. The company also posted a $0.02 loss-per-share against an expected loss of $0.04. In the report, Snapchat revealed a $1.07 billion quarter, which comes in just under the expectation of $1.1 billion. Snapchat’s Q2 2023 earnings results were shared in an official press release on its website today. While the company missed on revenue and reported a loss on EPS, it wasn’t as bad as some analysts were expecting. It’s a bit of a mixed bag this time around. Today, our portfolio consists of American Golf, Drive Shack and Puttery.Snapchat (SNAP), the company behind the social media platform known for its ephemeral posts and camera technology, is among those sharing its latest round of earnings this week. is a leading owner and operator of golf-related leisure and entertainment businesses focused on bringing people together through competitive socializing. The replay will be available through the end of day on Monday, Augand may be accessed by dialing 1-80 (from within the U.S.) or 1-40 (from outside of the U.S.).ĭrive Shack Inc. The conference call may be accessed by dialing 1-87 (from within the U.S.) or 1-78 (from outside of the U.S.) ten minutes prior to the scheduled start of the call by referencing conference ID: DSQ221.Ī telephonic replay of the conference call will also be available approximately two hours following the conclusion of the conference call. The webcast, along with the associated slide presentation, will be made available to the public on a listen-only basis on the Company’s investor relations website at. A copy of the earnings release will be posted to Drive Shack’s Investor Relations website prior to the call at. Management will host a live conference call and webcast that morning starting at 9:00 a.m. (NYSE: DS) announced today that it will report its second quarter 2021 financial results before the opening of financial markets on Monday, August 9, 2021.
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