U.S. Movers: Block, Carvana, Intuit, Live Nation, Warner Bros. Discovery
- Scott Peters
- U.S.A. New York City
-
Carvana reported its first-ever annual profit. Warner Bros. Discovery's results fell short of market expectations. Block said revenue rose and reported an unexpected profit. Booking Holdings launched its quarterly cash dividend plan.
Intuit declined 1.2% to $650.0 after the accounting software developer reported mixed quarterly results.
Live Nation Entertainment soared 5.4% to $98.50 after the entertainment company reported strong revenue in the fourth quarter after business picked up around the world.
Booking Holdings decreased 7.3% to $3,625.0 after the online travel company reported stronger-than-expected quarterly results, and the company said it plans to launch a quarterly cash dividend of $8.75 per share.
Carvana soared 24.5% to $65.50 after the user-car marketplace operator reported its first-ever annual profit.
In the fourth quarter, Carvana sold 76,090 vehicles and generated sales of $2.4 billion.
In 2023, Carvana sold 312,847 vehicles for a total revenue of $10.7 billion and swung to a net income of $150 million, partly due to gains on debt reduction.
Warner Bros. Discovery dropped 8.6% to $8.75 after the media conglomerate reported weaker-than-expected fourth-quarter results.
Block soared 17% to $79.60 after the company reported better-than-expected revenue of $5.7 billion in the fourth quarter and an unexpected profit.
In the quarter, the company swung to a net income of $178 million from a loss of $114 million.
Full-year revenue rose to $7.5 billion from $6 billion, net income soared to $10 million from a loss of $541 million, and diluted earnings per share rose to 2 cents from a loss of 93 cents a year ago.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Block Inc | SQ | -3% | 15% | 17% |
| Intuit Inc | INTU | -1% | 1% | 52% |
| Booking Holdings Inc | BKNG | -1% | 41% | 71% |
| Live Nation Entertainment Inc | LYV | -1% | 40% | 27% |