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Reuters
07-05-2025
- Business
- Reuters
Fanduel owner cuts US profit forecast on gamblers' winning streak
Flutter's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights , opens new tab DUBLIN, May 7 (Reuters) - Fanduel-owner Flutter cut its forecast for full-year U.S. profit growth on Wednesday after a winning streak for gamblers hit earnings at the world's largest online betting company for the second quarter in a row. Bookmakers tend to suffer when favourites win and Flutter expects U.S. core profit to be $180 million lower this year at $1.13 billion due to an unprecedented run of bettor-friendly results during the March Madness college basketball tournament. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Advertisement · Scroll to continue Flutter nudged up its group-wide profit forecast to $3.18 billion from $3.16 billion in March following a $100 million positive foreign currency impact and a $120 million acquisition contribution not included previously. Reporting by Padraic Halpin; Editing by Chris Reese Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Reuters
07-05-2025
- Business
- Reuters
Netflix to revamp TV app interface, launch AI-powered search for iOS users
Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo Purchase Licensing Rights , opens new tab May 7 (Reuters) - Netflix (NFLX.O) , opens new tab said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS mobile platform, allowing users to ask for content in natural and everyday language. The updates arrive as the streaming giant seeks to maintain and expand its market share amid growing uncertainties and concerns about a potential U.S. recession curbing consumer spending. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Netflix is planning to redesign its TV app homepage, provide more tailored recommendations to subscribers, and reposition the search and "My List" options to the top of the interface for easier accessibility. Advertisement · Scroll to continue In addition, Netflix is preparing to roll out upgrades to its mobile experience in the coming weeks, with plans to test a vertical feed showcasing clips of shows and movies, allowing users to tap to watch the full version. The AI-infused search option for mobile users will allow members to search for content using natural, conversational phrases like "I want something funny and upbeat". Reporting by Kritika Lamba and Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Reuters
07-05-2025
- Business
- Reuters
Teva Pharm first-quarter profit rise tops estimates
The logo of Teva Pharmaceutical Industries is displayed at the company headquarters in Tel Aviv, Israel, February 20, 2024. REUTERS/Dylan Martinez/ File Photo Purchase Licensing Rights , opens new tab Companies Teva Pharmaceutical Industries Ltd Follow JERUSALEM, May 7 (Reuters) - Teva Pharmaceutical Industries ( , opens new tab reported a slightly larger than expected rise in first-quarter profit, helped by strong sales gains in a trio of its branded drugs to treat migraines, Huntington's disease and schizophrenia. The world's largest generic drugmaker said on Wednesday it earned 52 cents per diluted share, excluding one-time items, in the January-March quarter, up from 48 cents a share a year earlier. Revenue rose 2% to $3.89 billion. Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here. Advertisement · Scroll to continue Analysts had forecast earnings of 46 cents per share ex-items for the Israel-based company on revenue of $3.99 billion, LSEG I/B/E/S data showed. Teva said that confirmed U.S. tariffs were expected to have an immaterial financial impact. Reporting by Steven Scheer, Editing by Louise Heavens Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Reuters
07-05-2025
- Business
- Reuters
Germany finance regulator: banks strong but uncertainty high
The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay/File Photo Purchase Licensing Rights , opens new tab FRANKFURT, May 7 (Reuters) - Mark Branson, the president of Germany's bank watchdog BaFin, said on Wednesday that the nation's financial firms were in a strong position but that uncertainty would remain extremely high. "The possibility that problems in the non-banking sector have an impact on banks cannot be ruled out just because we have weathered the turbulence well so far," Branson said. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. Reporting by Tom Sims and Frank Siebelt, Editing by Rachel More Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Reuters
06-05-2025
- Business
- Reuters
Swiss National Bank ready to take rates below zero to tackle low inflation
Swiss National Bank (SNB) headquarters are seen in Zurich, Switzerland March 16, 2023. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights , opens new tab ZURICH, May 6 (Reuters) - The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday. "No one likes these negative interest rates, obviously the Swiss National Bank doesn't like it," Schlegel told an event in Zurich. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "But if we have to do it, the negative interest rates, we're certainly prepared to do it again," he added. Reporting by John Revill, editing by Ariane Luthi Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
