Chairman and CEO Sasan Goodarzi said Intuit’s strategy is being executed across three “big bets”: done-for-you experiences powered by AI and human intelligence (HI), putting “money at the center” of products to deliver money benefits, and fueling mid-market adoption with an “AI-native ERP platform.” He described Intuit as a “category of one” given the regulated nature of tax and financial workflows, where accuracy, compliance, security, and reliability are critical.GAAP diluted earnings per share were $2.48 ...

Later in the year, Intchains introduced its XTM miner series, which Yan said accounted for a significant portion of fourth-quarter net revenues.During the year, Intchains also launched the Goldshell Byte Dual Miner, which management described as allowing customers to switch between algorithm cards depending on market conditions. Yan said the machine supports mining across six different cryptocurrencies using proprietary algorithm cards. He added that the company rolled out rapid product iterations in 2025, ...

Adjusted EBITDA was $46.0 million , down from $56.3 million , with an adjusted EBITDA margin of 10.4% compared with 11.3% a year earlier. Broadus attributed the decline primarily to lower gross margin and the shutdown’s temporary effects. Net income was $17.3 million , or $0.94 per diluted share, compared with $24.6 million , or $1.30 per diluted share, in the prior year. Non-GAAP EPS was $1.47 , down from $1.87 .Commercial, state and local, and international revenue increased 16% year-over-year and represe ...

However, management emphasized that DAU growth decelerated throughout 2025 and continued to slow into the start of 2026. Duolingo now expects DAU growth to be about 20% year-over-year throughout 2026. Von Ahn framed long-term value as being driven by two factors: the size of the active learner base (“the size of the pie”) and monetization (“the piece of the pie”). For 2026, he said, Duolingo is prioritizing expanding the user base.Von Ahn said 2025 was “another strong year,” highlighting that Duolingo surpa ...

Tannenbaum described artificial intelligence as primarily a growth enabler for Figure and its partner ecosystem, rather than a cost-cutting tool. He said partners are beginning to steer more activity toward Figure’s workflow because of its speed and simplicity, including a demonstration of an “AI salesperson” guiding borrowers through a white-label Figure product.Tannenbaum highlighted Figure Connect as the company’s “operating system” for capital flows, noting that more than half of consumer loan marketpla ...

Professional services revenue was a bright spot, rising 49% year-over-year in the quarter. Heller attributed that to traditional analytics engagements and “a ramp-up in our digital activations activity.”Subscription revenue in Q4 was $58.5 million , down 3% year-over-year, and down 7% excluding data partnership contributions, according to Heller. He said the company saw “modest improvements” in renewal rates year-over-year, “but not to the extent we had hoped.”On a non-GAAP basis, Heller reported adjusted n ...

Steve Cohen knows how to play the long game. The founder and CEO of Point72 Asset Management spent decades navigating the markets, first at S.A.C. Capital Advisors, which he founded in 1992, before converting operations to the Point72 family office in 2014. The firm later opened to outside investors in 2018 and today manages tens of billions in assets across global multi-strategy investments. Cohen is also widely known outside of finance. He bought the New York Mets in 2020 and serves as the team's chai ...

The yuan ended its longest winning streak since 2010 as China moved to rein in the currency’s rise by scrapping an extra fee for betting against it in the derivatives market. China’s yuan slipped on Friday after rising in the last 10 sessions, its longest run of gains since September 2010. That’s after the People’s Bank of China said in a statement it will remove the reserve requirement of 20% on foreign-currency forward contracts from March 2. Most Read from Bloomberg The change lowers the cost for ma ...

By Miho Uranaka and Sam Nussey TOKYO, Feb 27 (Reuters) - Nintendo announced on Friday an unwinding of strategic shareholdings that ‌will see companies including MUFG Bank and the Bank ‌of Kyoto selling shares in the company behind gaming franchises such as "Super Mario". The ​sale, which was first reported by Reuters, will total about 290 billion yen ($1.9 billion) at Friday's closing price, excluding an overallotment. Kyoto-based Nintendo also said it would spend up to 100 billion yen buying back ‌up ...

Jason Kwon, the Chief Strategy Officer of OpenAI, took to X to express his thoughts on the recent dismissal of a lawsuit filed by xAI against OpenAI. The lawsuit, which alleged that OpenAI orchestrated a scheme to poach eight xAI employees in 2025 to steal its trade secrets and source code, was dismissed by a U.S. district judge. Judge Dismisses Lawsuit, Citing Lack of Evidence In a post on Tuesday, Kwon suggested that the lawsuit was a reaction to Musk’s “0% chance of success” comment when he left Open ...