logotype
Sign in

Trending news

Read popular news stories from Azzet’s business editors

  • Credit: Rockstar Games

    Take-Two slumps; US$3.6bn writedown, GTA VI delayed

    Credit: Rockstar Games

    Take-Two Interactive dropped 3% in after-hours trading on Thursday (Friday AEST) after the company reported a significant quarterly loss driven by a multi-billion-dollar writedown, following news that the company will delay the release of Grand Theft Auto VI. The video game publisher posted a fourth-quarter loss of US$3.7 billion (A$5.78 billion), or $21.08 per share, widening from $17.02 a yea

  • Credit: Mfn, CC BY-SA 4.0 / Wikimedia Commons

    Earnings: Alibaba tanks on major fourth quarter misses

    Credit: Mfn, CC BY-SA 4.0 / Wikimedia Commons

    Shares in United States-listed Alibaba Group Holdings (BABA) sank 7.5% overnight after the e-commerce and cloud computing giant reported a worse-than-expected quarterly result. Citing slowing Chinese consumer spending and increased competition, the company's fiscal fourth quarter earnings missed on both the top and bottom line. Revenue of 236.5 billion Chinese yuan ($32.6 billion) was up 7%

  • Credit: Emre Çoban / Unsplash

    Jilted Insignia waits for last suitor at takeover altar

    Credit: Emre Çoban / Unsplash

    Insignia Financial may be down to just one suitor, CC Capital, but not everyone is convinced the New York-based private equity firm is ready to pull out of the race just yet. Research house Morningstar rated the probability of the deal succeeding or failing as equal in the wake of the decision of private equity giant Bain Capital to withdraw from the contest for the 178-year-old financial servi

  • Credit: map / Pixabay

    Ubisoft shares plummet 18%; Shadows fails to boost sales

    Credit: map / Pixabay

    Shares of French game developer Ubisoft fell as low as 18% after it released its full-year earnings report. Ubisoft, maker of the popular Assassin's Creed game series, reported a 20.5% drop in net bookings for the financial year ended 31 March. This came despite the release of "Assassin's Creed: Shadows" in March, which failed to boost sales by a notable amount and faced consecutive delays t

  • Credit: Diego Delso / Wikimedia Commons

    Allianz profits up, but misses income estimates

    Credit: Diego Delso / Wikimedia Commons

    Allianz reported a record high operating profit last quarter, but missed estimates of core net income. Operating profit was EU€4.24 billion, up 6.3% year-over-year and in line with estimates. Shareholders’ core net income was EU€2.55 billion, rising 1.5% year-over-year but below estimates by 6%. “Allianz’s first quarter performance and our confirmed outlook underscore our financial strength

banner