Q2

Twitter User Base Grows A Record 34 Pct In Q2 As Shutdowns Boost Social Media
Twitter User Base Grows A Record 34 Pct In Q2 As Shutdowns Boost Social Media
July 23, 2020  |  Earnings

Twitter’s second-quarter earnings showed on Thursday (July 23) that the social media giant’s user base continued to grow even as its ad revenues declined, as...

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Airlines Confront Grim Q2 As New COVID Fears Slam Travel Recovery
Airlines Confront Grim Q2 As New COVID Fears Slam Travel Recovery
July 22, 2020  |  Travel Payments

It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears. PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers...

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Best Buy Reports 255 Pct eCommerce Sales Growth
Best Buy Reports 255 Pct eCommerce Sales Growth
July 22, 2020  |  Retail

Best Buy reported eCommerce sales growth of roughly 255 percent in contrast to the past year quarter-to-date up to July 18. The electronics retailer also...

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Capital One’s Credit Card Business Shrinks, But Delinquencies Fall
Capital One’s Credit Card Business Shrinks, But Delinquencies Fall
July 21, 2020  |  Earnings

Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. “The...

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Snapchat User Growth Slows In Q2
Snapchat User Growth Slows In Q2
July 21, 2020  |  Earnings

Snap Inc., the parent company of Snapchat, has announced its second-quarter financial results, including an operating cash flow increase by $29 million to $67 million...

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Today In Payments: Adevinta To Buy eBay’s Classifieds Unit; Panel To Review UK’s FinTech Sector 
Today In Payments: Adevinta To Buy eBay’s Classifieds Unit; Panel To Review UK’s FinTech Sector 
July 21, 2020  |  News

In today’s top news, Adevinta agrees to buy eBay’s classifieds division for $9.2 billion, and an independent panel plans to review the U.K.’s FinTech sector....

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IBM Earnings Show Enterprise Shift To The Cloud
IBM Earnings Show Enterprise Shift To The Cloud
July 20, 2020  |  Earnings

IBM‘s revenue fell 5.4 percent in the second quarter due to the reduced spending on computer equipment during the pandemic in lieu of going digital...

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Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business
Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business
July 16, 2020  |  Earnings

Charlotte, North Carolina-based Truist Financial Corp. on Thursday (July 16) became the latest bank to report some good news in its second-quarter results, but there...

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Domino’s Rolls Out New Stores; Reports Double-Digit Q2 Sales Increase
Domino’s Rolls Out New Stores; Reports Double-Digit Q2 Sales Increase
July 16, 2020  |  Retail

Domino’s Pizza is expanding its store footprint in a turbulent 2020, as the pizza delivery giant rides a double-digit increase in sales amid the pandemic-driven...

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