Klarna Halves Q1 Net Loss and ‘On Track to Achieve Profitability This Year’

Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB significantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant posted a net deficit … Read more

UBS Stock Falls 2% after Record of Slump in Q1 2023 Net Profit

The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland. The shares of Swiss multinational banking giant UBS Group AG (SWX: UBSG) are seeing a mild slump today after the firm revealed that its net profit for the first … Read more

American Rapper Jay-Z’s Net Worth Now Estimated to Be $2.5B

While Jay-Z is known as a music icon, his wealth accumulation can be attributed to his wide-ranging investment in different companies. American rapper and founder of Roc Nation music label, Jay-Z has seen a dramatic rise in his net worth over the past year according to Forbes. Per the figures released, Jay-Z is now worth … Read more

GoTo Gojek Records $2.63B Net Loss for 2022 Financial Year, Stock Up 1.85% Today

GoTo hopes to achieve positive Group adjusted EBITDA1 within the fourth quarter of 2023 while also reaching a full-year 2023 Group adjusted EBITDA1 to be between Rp 5.3 to Rp 4.6 trillion. Investors of Indonesia’s top tech giant GoTo Gojek Tokopedia PT Tbk (IDX: GOTO)are expressing mixed reactions to the recent performance report from the … Read more

Barclays Sees Net Profit Decline 19% YoY in 2022 after Over-Issuance Matter

Barclays mentioned a net attributable loss of about £600 million related to the over-issuance matter. Although British multinational universal bank Barclays (LON: BARC) beat consensus expectations in its net profit for 2022, the figures fell short compared to the same period in the previous year. According to the full-year report released on Wednesday, Barclays said … Read more