Udemy Inc
Udemy 1Q25: Margin Improvement, Cautious Outlook
2025-05-06
Academic and Educational Services
Technology
North America
Quarterly Results
Udemy reported $200.3mn in revenue for 1Q25, a 1.8% YoY increase, exceeding its guidance range of $195-199mn. This figure includes a 2% negative impact from exchange rate fluctuations.
Mosaic Co
Mosaic 4Q24: Challenges in Potash and Brazil, Poised for Growth
2025-03-04
Materials
North America
Quarterly Results
The Mosaic Company reported a net income of $169mn in 4Q24, compared to a net income of $365mn in 4Q23, reflecting a 13% decline in potash sales volumes, lower potash prices, and reduced selling prices in Brazil.
Udemy Inc
Udemy 4Q24: EBITDA Exceeds Guidance, Transitional Year Ahead
2025-02-21
Academic and Educational Services
Technology
Multi-regional
Quarterly Results
Udemy reported revenues of $199.9mn in 4Q24, a 5% YoY increase, exceeding its guidance range of $193-196mn. We revise Target Price.
Lyft Inc
Lyft 4Q24: strong quarter passed, seasonally weak ahead
2025-02-18
Information Technology
North America
Quarterly Results
Lyft reported another strong quarter, achieving operating profitability in 4Q24. Gross Bookings grew 14.9% YoY to $4,279mn, driven by a 10.3% increase in active riders to 24.7mn. The platform facilitated 219mn rides, up 14.5% YoY. Adjusted EBITDA reached $113mn, exceeding the guidance range of $100-105mn.
Uber Technologies Inc
Uber 4Q24: Strong Results, Promising Affordability to Fuel Growth
2025-02-11
Industrials
Information Technology
Multi-regional
Quarterly Results
Uber’s Gross Bookings grew 21% YoY to $44.2 bn in 4Q24, driven by 24% YoY growth in the Mobility segment, and 18% YoY growth in Delivery, all on a constant currency basis.
Lyft Inc
Lyft 3Q24: Elevating Adj EBITDA and FCF Expectations
2024-11-26
Information Technology
North America
Quarterly Results
Lyft reported strong quarterly results, showcasing an 8.9% increase in Active Riders reaching a record 24.4 mn, and a 31.5% YoY revenue growth to $1,523mn in 3Q24. The platform facilitated 217mn rides, a 15.6% YoY increase, while Gross Bookings rose to $4,108mn, up 15.6% YoY.
Uber Technologies Inc
Uber 3Q24: Record Frequency and Audience Driving Growth
2024-11-20
Information Technology
North America
Quarterly Results
Uber’s trips grew 17% YoY to 2.9mn in 3Q24, while the number of Monthly Active Platform Consumers (MAPC) reached 161mn, up 13% YoY. The company achieved historically high levels for frequency and audience engagement, with more than 7.8mn mn people driving on Uber.
Nutrien Ltd
Nutrien 3Q24: stronger potash volumes, softer pricing landscape
2024-11-12
Materials
North America
Quarterly Results
Nutrien reported net earnings of $25mn in 3Q24, making a 69.5% YoY decline. The drop in profitability was attributed to a 5% decrease in revenue to $5,348mn, driven by lower product prices. In 9M24, sales totaled $20,893mn, a 10.7% YoY decrease, and net earnings were $582mn, down 47% YoY, reflecting the impact of a lower price environment.
Wise PLC
Wise 2Q25: competitive pricing supports customer growth
2024-10-18
Financials
Europe
Quarterly Results
Wise increased its cross-border volume by 20.5% YoY to £35.2bn in 2Q25 (ended 20 September 2024). The growth was driven by a 23% YoY increase in active customer, reaching 8.9mn in 2Q25.
Lyft Inc
Lyft: Partnerships, Operational Efficiencies, and Lyft Media to drive growth
2024-06-21
Technology
North America
Company Update
Following the Lyft Investor Day we update our view on the company. SThe key message from management emphasized Lyft’s customer obsession, which is expected to help the company deliver profitable growth. Innovation and partnerships, Operational excellence and Lyft Media are three pillars supporting Lyft’s goal to double its Adj EBITDA margin as a percentage of gross bookings within three years.
Wise PLC
Wise FY24: strong results, lowering customer price to drive growth
2024-06-19
Financials
Technology
Europe
Quarterly Results
Wise reports results for the year ended 31 March 2024. The company increased the number of customers by 29% YoY to 12.8mn and transferred £118.5bn globally, a 13% increase from last year.
Nutrien Ltd
Nutrien 1Q24: company update
2024-05-22
Materials
North America
Quarterly Results
Nutrien’s net earnings reached $165mn and Adjusted EBITDA was $1.1bn in 1Q24. The company reported a YoY improvement in Retail gross margin; however, Retail revenue remains lower YoY and QoQ in 1Q24.
Mosaic Co
Mosaic 1Q24: Mixed Results; Phosphate Market Remains Favourable
2024-05-15
Technology
North America
Quarterly Results
Mosaic’s results were mixed, with potentially lower shipments anticipated for FY24 than previously expected.
Uber Technologies Inc
Uber 1Q24: sustained growth in audience and frequency
2024-05-10
Technology
North America
Quarterly Results
Uber reported a 21.1% YoY growth in trips and a 14.6% YoY increase in monthly active platform consumers (MAPC) in 1Q24. The company’s Adjusted EBITDA rose by 82% YoY to $1.4bn.
Lyft Inc
Lyft 1Q24: healthy YoY results, promising outlook for FCF
2024-05-09
Technology
North America
Quarterly Results
Lyft reported gross bookings of $3.693bn in 1Q24, up 21.1% YoY, but experienced a seasonal decline quarter-on-quarter. For FY24, total rides growth is expected to remain in the mid-teens YoY, and Adj EBITDA as % of gross bookings is anticipated to be 2.1%, with positive FCF.
Nutrien Ltd
Nutrien 3Q23: back to mid-cycle fundamentals
2023-11-07
Materials
North America
Quarterly Results
In 3Q23, Nutrien reports revenue of $5,631mn, down 31% YoY, and adjusted EBITDA of $1,084mn, down 56% YoY as fertilizer prices return to their 6-year averages.
Nutrien Ltd
Nutrien 2Q23: guidance downgraded but the demand is promising
2023-08-04
Materials
North America
Quarterly Results
Nutrien reports $11,654mn in revenue, down 20% YoY, and adjusted EBITDA of $2,478mn, down 50% YoY in 2Q23, driven by lower product prices.