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GSMA to cut 20% of staff after MWC cancellation leads to revenue shortfall
2020-06-10 14:52:00| Telecompaper Headlines
(Telecompaper) The mobile industry association GSMA is cutting around 20 percent of its staff, after it was forced to cancel its biggest event of the year. The Mobile World Congress, normally held in February in Barcelona, was cancelled this year due to the coronavirus outbreak, leading to a significant drop in revenue for the GSMA.
Napas Garbage Revenue Takes Huge Hit from Business Closures Due to COVID-19
2020-06-04 09:00:00| Waste Age
Napa Countys shelter-in-place order has been in effect since March 15, resulting in the major decline in garbage from restaurants, bars and hotels, and also in revenue. According to Phil Brun, the Utilities Director for the City of Napa, trash disp
Fitness Clubs Facing $10 Billion Revenue Hit as Members Flee
2020-05-26 18:16:00| National Real Estate Investor
A survey of 1,000 fitness club users showed more than a third have cancelled or plan to cancel their gym memberships.
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MTS sees revenue growth slowing from 9% in Q1
2020-05-26 15:58:00| Telecompaper Headlines
(Telecompaper) Revenues of Russian operator MTS increased by 8.9 percent year-on-year to RUB 119.6 billion in the first quarter, led by solid growth in its home market. Group adjusted OIBDA rose 1.6 percent to RUB 51.5 billion, and net profit increased by 0.8 percent to RUB 17.7 billion. Nevertheless, MTS lowered its outlook for the full year due to the uncertain economic outlook, saying it now expects revenues flat to 3 percent higher and OIBDA flat to 2 percent lower. Capex is still expected at around RUB 90 billion, after increased spending of RUB 19.9 billion in Q1.
Alibaba guides for higher revenues in fiscal 2021 after revenue growth of 22% in Q4
2020-05-22 17:41:00| Telecompaper Headlines
(Telecompaper) Revenues for Alibaba's fiscal fourth quarter rose 22 percent from the year to CNY 114.314 billion, compared to growth of 38 percent in the previous quarter and 40 percent in the one before that. The adjusted EBITDA increased by 1 percent to CNY 25.440 billion, against growth of 37 percent in fiscal Q3. The net profit meanwhile sank 88 percent to CNY 3.162 billion, compared to an increase of 62 percent sequentially.
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