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X @Decrypt
Decrypt· 2025-07-10 20:19
Myriad Moves: Will Bitcoin Stay Hot? This Week's Buzziest Prediction Markets► https://t.co/O6JGWm2fmj https://t.co/O6JGWm2fmj ...
X @TylerD 🧙♂️
TylerD 🧙♂️· 2025-07-10 15:35
Multiple pieces of big news out of Myriad 📢1️⃣ Launching the 'Myriad Protocol' designed to power prediction markets everywhere2️⃣ Beginning a multi-chain journey, expanding to Linea3️⃣ Building on EigenCloud, enabling trustless revenue sharing, censorship-resistance oracles, synthetic tokens and more4️⃣ Working on the foundation for a unified liquidity hub for any EVM chainAll moving towards the vision of bringing prediction markets "everywhere, for everyone" ...
Delta(DAL) - 2025 Q2 - Earnings Call Transcript
2025-07-10 15:02
Financial Data and Key Metrics Changes - The company reported a pretax income of $1.8 billion, with earnings of $2.1 per share, and achieved record quarterly revenue of $15.5 billion, reflecting a year-over-year increase of approximately 1% [7][17] - The operating margin was 13.2%, and free cash flow generated during the quarter was $700 million, bringing the year-to-date total to $2 billion [7][27] - Non-fuel unit cost growth was 2.7%, consistent with previous quarters, indicating effective cost management despite operational challenges [27][30] Business Line Data and Key Metrics Changes - Premium revenue grew by 5% year-over-year, while loyalty revenue increased by 8%, demonstrating strong customer engagement, particularly among millennial and Gen Z segments [19][20] - Revenue from Delta's travel products portfolio grew by 8%, with significant growth in cars, stays, and cruise products [21] - Cargo revenue increased by 7% year-over-year, and MRO revenue accelerated to 29% growth, reflecting higher volumes and work scopes [21][22] Market Data and Key Metrics Changes - Overall demand for air travel remained stable compared to the previous year, with softness primarily in the main cabin during off-peak periods [9][10] - The company noted that corporate revenue improved modestly year-over-year, with premium products showing sustained strength [21][22] - The company expects revenue growth for September to be flat to up 4% year-over-year, indicating stable demand across consumer and corporate segments [22][30] Company Strategy and Development Direction - The company is focused on managing capacity to match demand and controlling costs to deliver strong earnings and free cash flow [11][12] - Strategic investments are being made to enhance the travel experience, expand customer choice, and deepen loyalty to the Delta brand [24][25] - The company is also investing in technology to optimize revenue through AI-enhanced pricing solutions and improving operational efficiency [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to restore financial guidance for the full year, expecting earnings per share of $5.25 to $6.25 and free cash flow of $3 billion to $4 billion [12][30] - The management highlighted a stable demand environment and anticipated improvements in unit revenue trends as the industry rationalizes domestic supply [23][30] - There is optimism regarding the recovery of business travel, with indications that consumer confidence is improving [46][68] Other Important Information - The company announced a 25% increase in its quarterly dividend, reflecting strong cash generation and commitment to returning cash to shareholders [7][30] - The company has a fully funded pension and significant unencumbered assets, which supports its investment-grade rating [29][105] Q&A Session Summary Question: Can you elaborate on industry capacity in 3Q and 4Q? - Management noted a significant reduction in industry capacity, particularly in off-peak periods, which is expected to support profitability [35][36] Question: How is the cabin segmentation being received? - Management indicated that there is strong demand for premium cabins, and they are focused on providing more choices and pricing options [37][41] Question: What are the trends in corporate demand? - Management reported that corporate spending is expected to remain stable or increase, with favorable sectors including banking and technology [62] Question: How is the booking curve shifting? - Management acknowledged that the booking curve has shifted closer in, but there are signs of improvement as consumer confidence returns [108][110] Question: What is the outlook for MRO revenue? - Management expressed optimism about MRO revenue growth, indicating potential for significant increases in the coming years [100][99]
Delta(DAL) - 2025 Q2 - Earnings Call Transcript
2025-07-10 15:00
Financial Data and Key Metrics Changes - The company reported a pretax income of $1.8 billion, with earnings of $2.1 per share and an operating margin of 13.2% [7][27] - Free cash flow for the quarter was $700 million, bringing year-to-date free cash flow to $2 billion [7][27] - A 25% increase in the quarterly dividend was announced, reflecting strong cash generation [7][29] Business Line Data and Key Metrics Changes - June revenue increased approximately 1% year-over-year to $15.5 billion, with premium revenue growing 5% [18][19] - Loyalty revenue grew 8%, with significant engagement from millennial and Gen Z segments [19][20] - Cargo revenue increased by 7% year-over-year, while MRO revenue accelerated to 29% growth [21] Market Data and Key Metrics Changes - Overall demand for air travel remains stable compared to last year, with softness primarily in the main cabin during off-peak periods [9][22] - Corporate revenue improved modestly year-over-year, with Delta's share premium at historic highs [21] - International margins have structurally improved, reflecting the success of strategic investments [21] Company Strategy and Development Direction - The company is focused on elevating its airline status, expanding its global footprint, and investing in technology [13][16] - New partnerships, such as the equity stake in WestJet and collaboration with Indigo, are aimed at enhancing international growth potential [15] - The company is adjusting capacity to match demand and managing costs to deliver strong earnings and free cash flow [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the U.S. economy and anticipated improvements in consumer and corporate confidence [10][12] - The company expects earnings per share for the full year to be between $5.25 and $6.25, with free cash flow projected at $3 billion to $4 billion [12][31] - Management noted that while business travel has returned, there is still potential for growth as the economy stabilizes [47][68] Other Important Information - The company is leveraging AI for revenue optimization through partnerships with technology firms [16][60] - The operational performance has been strong despite challenges from severe weather, with a focus on efficiency across operations [27][91] - The company has a fully funded pension and significant unencumbered assets, enhancing its financial stability [28][101] Q&A Session Summary Question: Can you elaborate on industry capacity in 3Q and 4Q? - Management noted a significant reduction in industry capacity, with domestic industry seats down close to 1% by September, indicating a positive adjustment to restore profitability [35][36] Question: How is cabin segmentation being received? - Management confirmed that there is strong demand for premium cabins, and they are focused on providing more choices and pricing options to customers [37][42] Question: What is the outlook for corporate demand post-Labor Day? - Management indicated that most sectors are expected to maintain or increase spending, with banking and technology showing favorable trends [62] Question: How do tariffs impact aircraft deliveries? - Management stated they do not plan on paying tariffs for aircraft deliveries and are encouraged by ongoing discussions in Washington [54] Question: What is the status of AI and revenue management solutions? - The company is currently testing AI solutions on about 3% of its domestic network, aiming for 20% by year-end, and is optimistic about the results [60] Question: How is the booking curve changing? - Management observed that advanced bookings are improving, with the highest cash sales day recorded in July, indicating a positive trend [69][70]
What Analyst Projections for Key Metrics Reveal About BlackRock (BLK) Q2 Earnings
ZACKS· 2025-07-10 14:16
Core Viewpoint - BlackRock is expected to report quarterly earnings of $10.77 per share, a 4% increase year-over-year, with revenues projected at $5.38 billion, reflecting a 12% year-over-year growth [1]. Earnings Estimates - Wall Street analysts have revised the consensus EPS estimate upward by 1.7% over the last 30 days, indicating a collective reassessment of forecasts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3]. Revenue Projections - Analysts project 'Revenue- Technology services revenue' at $493.72 million, a year-over-year increase of 25% [5]. - 'Revenue- Advisory and other revenue' is expected to reach $59.44 million, reflecting a 12.1% year-over-year increase [5]. - 'Revenue- Investment advisory performance fees' is forecasted at $156.55 million, indicating a year-over-year decline of 4.6% [5]. - The consensus for 'Revenue- Distribution fees' is $323.27 million, a 1.7% year-over-year increase [6]. - 'Revenue- Total investment advisory, administration fees and securities lending revenue' is expected to be $4.36 billion, showing a 12.6% year-over-year growth [6]. Assets Under Management - 'Assets under management - Cash management' is projected at $771.17 billion, down from $778.04 billion year-over-year [7]. - 'Total Assets Under Management' is expected to reach $11,679.24 billion, up from $10,645.72 billion in the same quarter last year [7]. - 'Assets under management - Long-term' is forecasted at $10,762.03 billion, compared to $9,867.68 billion in the same quarter last year [8]. - 'Assets under management - ETFs' is estimated at $4,295.42 billion, up from $3,855.77 billion year-over-year [9]. Net Inflows - 'Net inflows - Product Type - Cash management' is projected to be $66.79 billion, compared to $30.20 billion year-over-year [8]. - 'Net inflows' are expected to reach $124.01 billion, up from $81.57 billion in the same quarter last year [9]. - 'Net inflows - Client Type - ETFs' is estimated at $57.88 billion, down from $83.14 billion in the same quarter last year [10]. Stock Performance - BlackRock shares have increased by 9.6% over the past month, outperforming the Zacks S&P 500 composite's 4.4% increase [11].
X @Xeer
Xeer· 2025-07-10 14:11
Punk floor just got swept all I can say is:If you are rocking a PFP under 100k plz don't @ me or share your opinion on my wall. I don't care what you have to say. Reality is you need to Work harder, move out of your moms basement, stack eth/sol, buy a few real PFP then share your opinion. ...
DUV Demand Powers ASML Holding in China: Will Export Curbs Cut It Off?
ZACKS· 2025-07-10 13:30
Key Takeaways ASML saw China contribute 27% of Q1 2025 revenues, driven by strong DUV lithography system demand. EUV system exports to China remain restricted under U.S. and Dutch trade controls. ASML stated steady customer behavior but warned of rising uncertainty amid global trade tensions.ASML Holding’s (ASML) sales to China accounted for 27% of first-quarter 2025 total revenues, which was way higher than the earlier expectations of low-20% levels. This increase came mainly from strong demand for Deep ...
'Sweepstakes gaming' faces bans in states: Here's what you need to know
CNBC Television· 2025-07-10 12:30
In a world with no sure bets, uh it seems safe to say that the interest in gambling will keep growing. Uh Contessa, the sweep stakes is back. What.Well, you know, look, we are watching the growth in the gambling landcape just morph and change around the United States. It's a it's happening at a dramatic pace with ways to wager that go way beyond a sports book or a slot machine. For instance, you have Joe these sweep stakes gaming where players use virtual coins, but they can also buy in with real money to p ...
Prediction markets have become a barometer for investors, says WSJ's Gunjan Banerji
CNBC Television· 2025-07-10 11:54
Wall Street Journal's Gunjan Banerjee is also a CNBC contributor and joins me now. I'm looking right now on Koshi's homepage, Gungeon, and the trending topics because predictions are more than just about sports, which is not a settled issue, but how high will Bitcoin get this month. 33% say 120 or above.We're getting closer. The New York City mayoral race. In what way do you think predictions and the rise of the predictions markets might give investors another data point to consider.Thanks Contessa. You kno ...
X @Bloomberg
Bloomberg· 2025-07-10 10:30
China accused the US of using long-arm jurisdiction to detain an alleged Chinese hacker in Italy, in a dispute that threatens to turn into another point of friction in bilateral ties https://t.co/h5D89W5EnZ ...