The company’s net loss was 36 percent less than in 2023, according to Matterport’s earnings from the quarter. Revenue rose 5 percent for the quarter. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. [...]read moreMatterport Trimmed Losses in Months Before CoStar Purchase
Image: Kotaku / Crytivo / NinaMalyna / Stokkete (Shutterstock) (Shutterstock) On April 29, an in-development farm sim from Crytivo called Farm Folks shared a now-deleted post about breast jiggle physics on its official X/Twitter account that kickstarted a firestorm, emboldened gaming’s baddest actors, and wreaked havoc in the game’s official Discord. The [...]read moreStarfield’s Tiny Cities, Square Enix Eats Losses And More News
At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. A rough real estate market appears to have taken a toll on Opendoor this year, with the iBuyer experiencing a revenue dip and a rise [...]read moreOpendoor Revenue Dips, Losses Rise Amid Q1 Transaction Slump
Aston Martin posted a bigger-than-expected first-quarter pretax loss on Wednesday as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated, sending its shares 7% lower. Aston Martin, which has launched several new cars over the past year including its next-generation sports cars the DB12 and Vantage, stopped production of old [...]read moreAston Martin’s losses balloon ahead of new model ramp-up
Anywhere Real Estate felt the brunt of the challenging housing market again in the first quarter of 2024 as the company reported a loss of $101 million during the three-month period. It generated $1.1 billion in revenue in the first quarter of 2024, which was flat on a year-over-year basis. But transaction volume increased by [...]read moreAnywhere reports losses during the slower winter season
Harvey Nichols — or more accurately, Broad Gain (UK) Limited — has filed its results for the year to last April at Companies House, confirming preliminary figures it issued last month. Although it was the first year in a while in which it hadn’t been affected by Covid, it still recorded a loss. The figures [...]read moreHarvey Nichols accounts confirm losses, but negative number narrows as sales rise
Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted on the wholesale side of the business, according [...]read moreRetail losses lead February decline in reverse mortgage volume
Cybercrime losses rose to a record high of $12.8 billion in 2023, according to the latest Federal Bureau of Investigation Internet Crime Report, published earlier this week. In 2023, the FBI noted that it fielded 880,418 cybercrime complaints, a 10% uptick from the year prior. The potential losses from these complaints also rose to a [...]read moreCybercrime losses hit record high in 2023
WeWork’s United States and Canada operations lost $122 million in February alone, according to bankruptcy filings. Join the movement at Inman Connect Las Vegas, July 30 – Aug. 1! Seize the moment to take charge of the next era in real estate. Through immersive experiences, innovative formats and an unparalleled lineup of speakers, this gathering [...]read moreBankrupt WeWork Struggles To Control Losses As It Renegotiates Leases
PLBY Group reported total revenue from continuing operations for 2023 fell 23% to $143 million, hit by a decline in the company’s direct-to-consumer sales and licensing revenues. Honey Birdette The owner the Playboy and Honey Birdette brands said direct-to-consumer sales for the year declined 26% year-over-year to $78 million in 2023, where revenues from Playboy.com e-commerce declined by $16.6 million the [...]read morePLBY Group sales hit by D2C, licensing declines; narrows losses for 2023