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SoFi
For the transcript and press release click HERE
I’ve also covered it on my channel.
GAAP EPS of -$0.05 beats by $0.03.
Revenue of $460M (+43.0% Y/Y) beats by $23.22M.
Adjusted EBITDA stood at $76M at a 16% margin
Net losses came in at $34M, while net income margin was 54%.
433,000 new members were added in the quarter, which increased the total members to ~5.7M.
Originations grew 7% Y/Y to $3.6B.
Deposits increased by $2.7B on a sequential basis to now exceed $10B.
For Q2, adjusted net revenue is expected to be in the range of $470M-$480M, vs. consensus of $463.80M.
Adjusted EBITDA is estimated to be between $50M and $60M.
For FY23, the company has raised its adjusted net revenue guidance to the range of $1.955B to $2.02B, vs. consensus of $1.97B.
Uber
For the transcript and press release click HERE
GAAP EPS of -$0.08 beats by $0.01.
Revenue of $8.8B (+27.5% Y/Y) beats by $90M or 33% on a constant currency basis
Gross Bookings grew 19% year-over-year and 22% year-over-year on a constant currency basis.
Mobility and Delivery Adjusted EBITDA margins at all-time quarterly highs.
Operating cash flow of $606 million; Record free cash flow of $549 million.
Adjusted EBITDA of $761 million, up $593 million YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 2.4%, up from 0.6% in Q1 2022. Incremental margin as a percentage of Gross Bookings was 12.0% YoY.
Monthly Active Platform Consumers reached 130 million: MAPCs grew 13% YoY to 130 million, driven by continued improvement in consumer activity for our Mobility offerings.
Trips of 2.1 billion: Trips on our platform grew 24% YoY, driven by both Mobility and Delivery growth. Both Mobility and Delivery trips were up QoQ.
Outlook for Q2 2023 : For Q2 2023, we anticipate: Gross Bookings of $33.0 billion to $34.0 billion; Adjusted EBITDA of $800 million to $850 million
AMD
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.60 beats by $0.04.
Revenue of $5.35B (-9.2% Y/Y) beats by $40M.
For the second quarter of 2023, AMD expects revenue to be approximately $5.3 billion, plus or minus $300 million vs. $5.52B consensus. AMD expects non-GAAP gross margin to be approximately 50%.
Starbucks
For the transcript and press release click HERE
Non-GAAP EPS of $0.74 beats by $0.09.
Revenue of $8.7B (+14.5% Y/Y) beats by $270M.
Q2 Comparable Store Sales Up 11% Globally; Up 12% in North America; Up 7% in International
Q2 Active U.S. Starbucks (SBUX)® Rewards Membership Reaches 30.8 Million, Up 15% Over Prior Year
The company opened 464 net new stores in Q2, inclusive of closures across North America and International as part of ongoing efforts to strengthen the portfolio, ending the period with 36,634 stores globally: 51% company-operated and 49% licensed
Mercadolibre
For the transcript and press release click HERE
I’ve also covered it on my channel.
1 GAAP EPS of $3.97 beats by $0.84.
Revenue of $3.04B (+35.1% Y/Y) beats by $160M.
Income from operations of $340 million, with a 11.2% margin$37.0 billion Total Payment Volume, up 96.1% year-over-year on an FX neutral basis
$9.4 billion Gross Merchandise Volume, up 43.3% year-over-year on an FX neutral basis.
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Qualcomm
For the transcript and press release click HERE
Non-GAAP EPS of $2.15 misses by $0.01.
Revenue of $9.27B (-16.9% Y/Y) beats by $150M.
Total QCT revenue of $7.94B (-17% Y/Y).
Handsets revenue of $6.11B (-17% Y/Y).
Automotive revenue of $447M (+20% Y/Y).
Sees FQ3 revenue of $8.1B to $8.9B vs. consensus of $9.12B.
Sees FQ3 QCT revenue of $6.9B to $7.5B.
Sees FQ3 QTL revenue of $1.15B to $1.35B.
Sees FQ3 adj. EPS of $1.70 to $1.90 vs. consensus of $2.13.
Datadog
For the transcript and press release click HERE
Non-GAAP EPS of $0.28 beats by $0.04.
Revenue of $482M (+32.8% Y/Y) beats by $12.99M.
Non-GAAP operating income was $86.4 million; non-GAAP operating margin was 18%.
Operating cash flow was $133.8 million, with free cash flow of $116.3 million.
Strong growth of larger customers, with about 2,910 $100k+ ARR customers, up from about 2,250 a year ago.
Datadog is providing the following guidance: Second Quarter 2023 Outlook: Revenue between $498 million and $502 million vs. consensus of $500.94M. Non-GAAP operating income between $82 million and $86 million.
Non-GAAP net income per share between $0.27 and $0.29 vs. consensus of $0.26, assuming approximately 349 million weighted average diluted shares outstanding.
Full Year 2023 Outlook:
Revenue between $2.08 billion and $2.10 billion vs. consensus of $2.08B. Non-GAAP operating income between $340 million and $360 million.
Non-GAAP net income per share between $1.13 and $1.20 vs. consensus of $1.06, assuming approximately 351 million weighted average diluted shares outstanding.
Apple
For the transcript and press release click HERE
I’ve also covered it on my channel.
GAAP EPS of $1.52 beats by $0.09.
Revenue of $94.84B (-2.5% Y/Y) beats by $2B..
Net sales by category:
iPhone: $51.33B (1.5 Y/Y %)
Mac: $7.17B (-31.3 Y/Y %)
iPad: $6.67B (-12.7 Y/Y %)
Wearables, Home and Accessories: $8.75B (-0.7 Y/Y %)
Service: $20.9B (5.4 Y/Y %)The board of directors has also authorized an additional program to repurchase up to $90 billion of the Company’s common stock.
Shopify
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.01 beats by $0.05.
Revenue of $1.51B (+25.8% Y/Y) beats by $70M.
Merchant Solutions revenue increased 31% to $1.1 billion compared to the prior year, up 33% on a constant currency basis, driven primarily by the growth of GMV and continued penetration of Shopify Payments.
Gross Payments Volume (GPV) grew to $27.5 billion, representing 56% of GMV processed in the quarter, versus $22.0 billion, or 51%, for the first quarter of 2022.
Subscription Solutions revenue increased 11% to $382 million compared to the prior year, up 11% on a constant currency basis, primarily due to more merchants joining the platform as well as higher variable platform fees and apps.
Monthly Recurring Revenue (MRR) as of March 31, 2023 increased 10% to $116 million compared to the prior year.
For the second quarter of 2023, the company expects:
Revenue to grow at a similar rate to the first quarter growth rate on a year-over-year basis.
Gross margin percentage to be similar to the first quarter 2023 gross margin percentage.
On May 3, 2023, Shopify entered into a definitive agreement to sell the majority of our logistics business, including the people, technology, and services related to these operations, to Flexport, a leading tech-driven global logistics platform.
Block
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.40 beats by $0.06.
Revenue of $4.99B (+26.0% Y/Y) beats by $390M.
Coinbase
For the transcript and press release click HERE
Q1 GAAP EPS of -$0.34 beats by $1.02.
Revenue of $772.5M (-33.4% Y/Y) beats by $119.2M.
Lemonade
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 GAAP EPS of -$0.95 beats by $0.18.
Revenue of $95.2M (+114.9% Y/Y) beats by $7M.
In Force Premium ("IFP") topped $653 million, a 56% - or $234 million - increase YoY.
Gross loss ratio was 87%, down from 89% in Q4 and 94% in Q3 22.
Annual Dollar Retention ("ADR") hit a new all-time-high of 87%, up 5 percentage points YoY, while Premium Per Customer jumped 26%.
Customer count increased by 23% to 1,856,012 as compared to the first quarter of 2022.
Premium per customer, defined as in force premium divided by customers, was $352 at the end of the first quarter, up 26% from the first quarter of 2022.
Second Quarter 2023:
In force premium at June 30, 2023 of $665 - $668 million
Gross earned premium of $156 - $158 million • Revenue of $96 - $98 million
Adjusted EBITDA loss of ($58) - ($55) million
Capital expenditures of approximately $3 million
Full Year 2023:
In force premium at December 31 of $700 - $705 million
Gross earned premium of $645 - $650 million • Revenue of $392 - $396 million
Adjusted EBITDA loss of ($205) - ($200) million
Capital expenditures of approximately $12 million