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Electronic Arts forecasts annual bookings below estimates as gamers cut spending

By Zaheer Kachwala (Reuters) -Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday amid a broader spending slowdown in the gaming industry due to an

iRobot appoints Gary Cohen as CEO, provides optimistic 2024 forecast

(Reuters) - iRobot appointed Gary Cohen as chief executive officer on Tuesday to head the robot vacuum maker's turnaround efforts. Shares of the Bedford, Massachusetts-based company rose more than 4%

Twilio forecasts quarterly revenue below estimates on weak enterprise spending

(Reuters) - Twilio forecast second-quarter revenue below Wall Street estimates on Tuesday, expecting a slowdown in demand as customers cut back on discretionary spending amid economic uncertainty.

Meta to expand AI image generation offerings for ads

NEW YORK (Reuters) - Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite of generative AI ads products to offer tools that can automatically create

Exclusive-Software company BigCommerce explores sale, sources say

By Milana Vinn (Reuters) - BigCommerce, the e-commerce software maker that used to be backed by SoftBank Group, is exploring a sale after attracting takeover interest, people familiar with the matter

Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation

(Reuters) -Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday, hit by weak spending on its flagship titles such as "FC 24" and "Madden NFL 24" amid

Lyft forecasts strong quarterly earnings as ride-hailing demand picks up

By Yuvraj Malik (Reuters) - Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and

Reddit tops revenue estimates

(Reuters) -Reddit forecast quarterly revenue above market estimates on Tuesday in its first earnings as a public company, riding on strong user growth and an uptick in the advertising market. Shares

Reddit predicts strong second-quarter revenue, shares soar

(Reuters) -Reddit forecast quarterly revenue above market estimates on Tuesday in its first earnings as a public company, riding on strong user growth and an uptick in the advertising market. Shares

US revoked some export licenses for China’s Huawei

WASHINGTON (Reuters) - The U.S. Commerce Department said on Tuesday it has revoked some licenses that allow companies to ship goods, such as chips, to China's mobile phone and laptop maker Huawei. (

On Camera

Lower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi

Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.

‘Joint culture needed first’ — CDS Gen Chauhan outlines first steps on the road to theaterisation

ThePrint had reported earlier this month that while theaterisation is the ultimate goal, set to be rolled out one year from now, the focus is on structured jointness initiatives by 2024-end.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?