Market Update
Stock Movers: Uber Technologies, Shopify, DoorDash, Airbnb
Scott Peters
07 Aug, 2025
New York City
Airbnb Inc. dropped 5.6% to $122.7, and the online vacation rental company said net loss shrank in the second quarter.
Consolidated revenue in the June quarter increased 13% to $3.1 billion from $2.7 billion, net income advanced 16% to $642 million from $555 million, and diluted earnings per share rose to $1.03 from 86 cents a year ago.
The company guided third-quarter revenue between $4.02 billion and $4.10 billion and adjusted earnings per share to increase to $2.0 billion.
The company used $1 billion of its authorization to purchase its own shares, and the company announced a new $6 billion stock repurchase plan.
Over the last twelve months ending in the second quarter, the company spent $3.7 billion to acquire its class A common stock and lowered its fully diluted shares to 652 million from 673 million a year ago.
DoorDash Inc. rose 8.5% to $280 after the food delivery company’s net income swung to a profit from a year ago in the June quarter.
Consolidated revenue in the June quarter increased to $3.3 billion from $2.6 billion, net income swung to a profit of $285 million from a loss of $157 million, and diluted income per share swung to a profit of 65 cents from a loss of 38 cents a year ago.
For the six-month period, revenue advanced to $6.3 billion from $5.1 billion, net income swung to a profit of $478 million from a loss of $180 million, and diluted income per share swung to a profit of $1.09 from a loss of 44 cents a year ago.
During the six-month period, the company returned $7 million to stockholders in the form of share repurchases.
The company guided adjusted EBITDA in the next quarter to range between $680 million and $780 million and Marketplace GOV to range between $24.2 billion and $24.7 billion a quarter earlier.
During the second quarter the company acquired Deliveroo plc for about $3.9 billion.
“We continue to expect our proposed acquisition of Deliveroo plc to close during Q4 2025.” The company noted.
Shopify Inc. declined 0.2% to $154.7 despite the Canada-based e-commerce company reporting more than a five-fold jump in earnings in the second quarter.
Consolidated revenue in the June quarter increased to $2.6 billion from $2.0 billion, net income jumped to $906 million from $171 million, and diluted earnings per share rose to 70 cents from 13 cents a year ago.
For the six-month period, revenue advanced to $5.0 billion from $3.9 billion, net income swung to a profit of $224 million from a loss of $102 million, and diluted earnings per share rose to an income of 17 cents from a loss of 8 cents a year ago.
Management has reiterated that cash dividends are not expected to be distributed for the foreseeable future.
Shopify guided third-quarter revenue to grow at a mid-twenties percentage rate a year ago.
Uber Technologies Inc. fell 0.2% to $89.01, and the ride-hailing and delivery services provider reported a muted increase in sales and earnings in the latest quarter.
Revenue increased to $12.6 billion from $10.7 billion, net income jumped to $1.4 billion from $1.0 billion, and diluted earnings per share rose to $0.63 from $0.47 a year ago.
For the six-month period, revenue edged higher to $24.2 billion from $20.8 billion, net income soared to $3.1 billion from $361 million, and diluted earnings per share advanced to $1.47 from 15 cents a year ago.
The company's board authorized a new share repurchase program for an additional $20 billion.
During the second quarter, the company returned $1.3 billion to shareholders through its stock repurchase program.
Looking ahead to the third quarter of 2025, the company projected "robust year-over-year growth, driven by strong underlying demand and recent strategic acquisitions."
Gross bookings are expected to range between $48.25 billion and $49.75 billion, reflecting a 17% to 21% increase year-over-year on a constant currency basis.
This outlook factors in a neutral to modestly positive foreign exchange impact on total reported growth.
Adjusted EBITDA is projected to fall between $2.19 billion and $2.29 billion, representing a 30% to 36% increase compared to the same period last year.
Stocks Power Ahead On Wall Street as Investors Overlook Start of Trump's Tariffs
Barry Adams
07 Aug, 2025
New York City
Stocks on Wall Street meandered, and the U.S. president unveiled new tariffs on India and on imported advanced chips.
The S&P 500 index edged up 0.6%, the Nasdaq Composite gained 0.8%, and Donald Trump announced tariffs of 100% on advanced chips but offered broad exemptions.
The vague and misleading posts by the U.S. president on his social media platform raised more questions than answers, because they lacked a specific timetable, nature of duty, and applicable product ranges.
The latest Trump announcements follow a string of dubious claims made by the Trump administration about a deal with China, the European Union, and Japan.
The so-called deal with Japan is not even in writing, allowing both sides to walk away at a later date.
Trump slapped an additional 25% import duty on imports from India, with a 21-day delay, for the continued purchase of Russian oil, which was previously encouraged by the Biden administration and the European Union.
The international community deems the Trump administration's weaponization of tariffs as a double-edged sword, and countries are laying groundwork to ramp up their trade negotiations that exclude the U.S.
China has ramped up its exports of electric vehicles to Brazil, Mexico, Nepal, ASEAN, the Middle East, and Russia.
Japan is looking to increase its exports to India, the ASEAN region, and the Middle East.
India and China are negotiating a broader trade deal, paving the way for the shift of manufacturing of electric appliances and semiconductors to the third-largest economy in Asia.
U.S. Stock Movers
DoorDash Inc. jumped 7.9% to $278.50, and the food delivery company reported better-than-expected quarterly results.
Consolidated revenue in the June quarter increased to $3.3 billion from $2.6 billion, net income swung to a profit of $285 million from a loss of $157 million, and diluted income per share swung to a profit of 65 cents from a loss of 38 cents a year ago.
Shopify Inc. jumped 22% to $154.90 after the online shopping platform operator reported strong quarterly results, driven by a surge in revenue in its European operations.
Consolidated revenue in the June quarter increased to $2.6 billion from $2.0 billion, net income jumped to $906 million from $171 million, and diluted earnings per share rose to 70 cents from 13 cents a year ago.
For the six-month period, revenue advanced to $5.0 billion from $3.9 billion, net income swung to a profit of $224 million from a loss of $102 million, and diluted earnings per share rose to an income of 17 cents from a loss of 8 cents a year ago.
Airbnb Inc. dropped 6.5% to $121.95, and the online vacation rental company said net loss shrank in the second quarter.
Consolidated revenue in the June quarter increased 13% to $3.1 billion from $2.7 billion, net income advanced 16% to $642 million from $555 million, and diluted earnings per share rose to $1.03 from 86 cents a year ago.
The company guided third-quarter revenue between $4.02 billion and $4.10 billion and adjusted earnings per share to increase to $2.0 billion.
Duolingo Inc. soared 25% to $430.0 after the free language-learning app reported a 42% jump in revenue in the second quarter.
The daily active users rose 40% to 47.7 million, and the company guided third-quarter revenue between $257 million and $261 million.
“We exceeded our own high expectations for bookings and revenue this quarter and did it while expanding profitability,” said CEO and co-founder Luis von Ahn in a note to investors.
Stocks Power Ahead On Wall Street as Investors React to Earnings Results
Barry Adams
07 Aug, 2025
New York City
Stocks on Wall Street meandered, and the U.S. president unveiled new tariffs on India and on imported advanced chips.
The S&P 500 index edged up 0.6%, the Nasdaq Composite gained 0.8%, and Donald Trump announced tariffs of 100% on advanced chips but offered broad exemptions.
The vague and misleading posts by the U.S. president on his social media platform raised more questions than answers, because they lacked a specific timetable, nature of duty, and applicable product ranges.
The latest Trump announcements follow a string of dubious claims made by the Trump administration about a deal with China, the European Union, and Japan.
The so-called deal with Japan is not even in writing, allowing both sides to walk away at a later date.
Trump slapped an additional 25% import duty on imports from India, with a 21-day delay, for the continued purchase of Russian oil, which was previously encouraged by the Biden administration and the European Union.
The international community deems the Trump administration's weaponization of tariffs as a double-edged sword, and countries are laying groundwork to ramp up their trade negotiations that exclude the U.S.
China has ramped up its exports of electric vehicles to Brazil, Mexico, Nepal, ASEAN, the Middle East, and Russia.
Japan is looking to increase its exports to India, the ASEAN region, and the Middle East.
India and China are negotiating a broader trade deal, paving the way for the shift of manufacturing of electric appliances and semiconductors to the third-largest economy in Asia.
U.S. Stock Movers
DoorDash Inc. jumped 7.9% to $278.50, and the food delivery company reported better-than-expected quarterly results.
Consolidated revenue in the June quarter increased to $3.3 billion from $2.6 billion, net income swung to a profit of $285 million from a loss of $157 million, and diluted income per share swung to a profit of 65 cents from a loss of 38 cents a year ago.
Shopify Inc. jumped 22% to $154.90 after the online shopping platform operator reported strong quarterly results, driven by a surge in revenue in its European operations.
Consolidated revenue in the June quarter increased to $2.6 billion from $2.0 billion, net income jumped to $906 million from $171 million, and diluted earnings per share rose to 70 cents from 13 cents a year ago.
For the six-month period, revenue advanced to $5.0 billion from $3.9 billion, net income swung to a profit of $224 million from a loss of $102 million, and diluted earnings per share rose to an income of 17 cents from a loss of 8 cents a year ago.
Airbnb Inc. dropped 6.5% to $121.95, and the online vacation rental company said net loss shrank in the second quarter.
Consolidated revenue in the June quarter increased to $760.9 million from $637.2 billion, net loss dropped to $3.2 million from $14.4 million, and diluted losses per share declined to 6 cents from 28 cents a year ago.
The company guided third-quarter revenue between $785 billion and $787 billion, compared to a million; net earnings between $156 million and $157 million; and diluted earnings per share between $2.56 and $2.58 a quarter earlier, respectively.
Duolingo Inc. soared 25% to $430.0 after the free language-learning app reported a 42% jump in revenue in the second quarter.
The daily active users rose 40% to 47.7 million, and the company guided third-quarter revenue between $257 million and $261 million.
“We exceeded our own high expectations for bookings and revenue this quarter and did it while expanding profitability,” said CEO and co-founder Luis von Ahn in a note to investors.
Japan Indexes Extended 3-Day Rally, Sony and Toyota Motor In Focus
Akira Ito
07 Aug, 2025
Tokyo
Japan's stock market indexes advanced for the third consecutive session on Thursday, as investors reacted to domestic corporate news.
The Nikkei 225 Stock Average increased 0.5%, and the broader Topix advanced 0.6%, as investors worry that the U.S. trade policy will negatively impact corporate earnings in the second half.
The Bank of Japan is more likely to raise rates in the near future, but policymakers are taking a wait-and-see approach in assessing the impact of U.S. tariffs on Japan's exports.
Pharmaceutical companies are bracing for 250% U.S. tariffs, and automobile makers are likely to face higher tariffs despite the 25% level agreed upon during the latest negotiations between Japan and the U.S.
Moreover, China is likely to face additional tariffs of 25%, mirroring the similar duties on India, after the U.S. president slapped secondary tariffs on countries importing Russian oil.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.5% to 40,995.93, and the broader Topix index added 0.6% to 2,983.61.
Toyota Motor Corp. declined 1.4% to ¥2,680.0, and the vehicle maker reported a 37% decline in net profit in the fiscal first quarter ending in June.
The company lowered its annual operating profit to 3.2 trillion yen, or $21.7 billion, from the previous estimate of 3.8 trillion yen.
Sony Group Corporation increased 4.2% to ¥3,860.0, after the diversified company reported a 36% increase in profit in the latest quarter.
Revenue increased 2.2% to 2.62 trillion yen from 2.56 trillion yen, net income surged 22.6% to 262.8 billion yen from 214.3 billion yen, and diluted earnings per share rose to 42.84 yen from 34.37 a year ago.
The company guided fiscal year revenue to decline 2.8% to 11.7 trillion yen, operating income to increase 4.2% to 1.33 trillion yen, and net income attributable to shareholders to fall 9.1% to 970 billion yen.
Japan Indexes Extended 3-Day Rally, Sony and Toyota Motor In Focus
Akira Ito
07 Aug, 2025
Tokyo
Japan's stock market indexes advanced for the third consecutive session on Thursday, as investors reacted to domestic corporate news.
The Nikkei 225 Stock Average increased 0.5%, and the broader Topix advanced 0.6%, as investors worry that the U.S. trade policy will negatively impact corporate earnings in the second half.
The Bank of Japan is more likely to raise rates in the near future, but policymakers are taking a wait-and-see approach in assessing the impact of U.S. tariffs on Japan's exports.
Pharmaceutical companies are bracing for 250% U.S. tariffs, and automobile makers are likely to face higher tariffs despite the 25% level agreed upon during the latest negotiations between Japan and the U.S.
Moreover, China is likely to face additional tariffs of 25%, mirroring the similar duties on India, after the U.S. president slapped secondary tariffs on countries importing Russian oil.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.5% to 40,995.93, and the broader Topix index added 0.6% to 2,983.61.
Toyota Motor Corp. declined 1.4% to ¥2,680.0, and the vehicle maker reported a 37% decline in net profit in the fiscal first quarter ending in June.
The company lowered its annual operating profit to 3.2 trillion yen, or $21.7 billion, from the previous estimate of 3.8 trillion yen.
Sony Group Corporation increased 4.2% to ¥3,860.0, after the diversified company reported a 36% increase in profit in the latest quarter.
Revenue increased 2.2% to 2.62 trillion yen from 2.56 trillion yen, net income surged 22.6% to 262.8 billion yen from 214.3 billion yen, and diluted earnings per share rose to 42.84 yen from 34.37 a year ago.
The company guided fiscal year revenue to decline 2.8% to 11.7 trillion yen, operating income to increase 4.2% to 1.33 trillion yen, and net income attributable to shareholders to fall 9.1% to 970 billion yen.
China's Global Exports Growth In July Defy U.S. Tariff Headwinds
Li Chen
07 Aug, 2025
Hong Kong
China and Hong Kong stocks fluctuated as investors reviewed the latest international trade data and awaited corporate results.
The Hang Seng index increased 0.5%, and the mainland-focused CSI 300 index edged up a fraction in a busy week of economic releases.
China's Export Growth Accelerated in July
China's exports accelerated in July, driven by an increase in non-U.S. demand, and imports advanced at a faster-than-expected pace.
Exports increased 7.2% to $321.8 billion, and imports advanced 4.1% to $223.6 billion, driving the trade surplus higher by 15% to $98.2 billion.
For the first seven months of 2025, China's total trade surplus increased to $683.5 billion, with exports up 6.1%, while imports declined by 2.7% compared to the same period a year ago.
Higher U.S. tariffs continue to negatively impact shipments, and exports to the U.S. fell 21.7% in July, after falling 16.1% in June.
Chinese goods are facing an average of 51% U.S. import taxes, forcing many suppliers to seek alternative markets in Europe, Africa, and Latin America.
Exports to the ASEAN region advanced by 16.6%, matching the 16.8% in the previous month; to the European Union accelerated to 9.2% from 7.6%; to Africa soared 42%; and to Latin America advanced 7.7%, respectively.
China Indexes and Stocks
The Hang Seng index increased 0.5% to 25,038.90, and the mainland-focused CSI 300 index edged up 0.1% to 4,115.54.
Ahead of earnings, Semiconductor Manufacturing International advanced 3.4% to HK $54.20, and China Mobile decreased 0.1% to HK $85.50.
ZTO Express increased 5% to HK $164.40, Alibaba Group Holding 2.4% to HK $119.50, and Tencent Holdings decreased 0.6% to HK $565.50.
China's Global Exports Growth In July Defy U.S. Tariff Headwinds,
Li Chen
07 Aug, 2025
Hong Kong
China and Hong Kong stocks fluctuated as investors reviewed the latest international trade data and awaited corporate results.
The Hang Seng index increased 0.5%, and the mainland-focused CSI 300 index edged up a fraction in a busy week of economic releases.
China's Export Growth Accelerated in July
China's exports accelerated in July, driven by an increase in non-U.S. demand, and imports advanced at a faster-than-expected pace.
Exports increased 7.2% to $321.8 billion, and imports advanced 4.1% to $223.6 billion, driving the trade surplus higher by 15% to $98.2 billion.
For the first seven months of 2025, China's total trade surplus increased to $683.5 billion, with exports up 6.1%, while imports declined by 2.7% compared to the same period a year ago.
Higher U.S. tariffs continue to negatively impact shipments, and exports to the U.S. fell 21.7% in July, after falling 16.1% in June.
Chinese goods are facing an average of 51% U.S. import taxes, forcing many suppliers to seek alternative markets in Europe, Africa, and Latin America.
Exports to the ASEAN region advanced by 16.6%, matching the 16.8% in the previous month; to the European Union accelerated to 9.2% from 7.6%; to Africa soared 42%; and to Latin America advanced 7.7%, respectively.
China Indexes and Stocks
The Hang Seng index increased 0.5% to 25,038.90, and the mainland-focused CSI 300 index edged up 0.1% to 4,115.54.
Ahead of earnings, Semiconductor Manufacturing International advanced 3.4% to HK $54.20, and China Mobile decreased 0.1% to HK $85.50.
ZTO Express increased 5% to HK $164.40, Alibaba Group Holding 2.4% to HK $119.50, and Tencent Holdings decreased 0.6% to HK $565.50.
Earnings Dominated Wall Street Trading On Wednesday
Barry Adams
06 Aug, 2025
New York City
U.S. investors reacted to the latest batch of earnings as corporate results piled up on Wednesday.
The S&P 500 index edged up 0.1%, and the tech-focused Nasdaq Composite advanced 0.2%, as investors reviewed quarterly updates from Uber Technologies, Disney, and McDonald's.
Investor sentiment has remained cautiously optimistic this week, supported by a steady flow of positive earnings, despite the ongoing Trump administration's tariff chaos.
The sharp escalation of tariffs on goods has slowly started filtering down to consumers, as automakers, apparel retailers, farm equipment markers, and electronic chip and device makers struggle to adjust to high import taxes.
Donald Trump threatened to increase import tax on pharmaceuticals to as high as 250% and announce new tariffs on India in the next 24 hours.
Moreover, the constantly changing tariff rules and rates are weighing on businesses, as corporations delay investments and avoid making critical investment decisions in the face of economic uncertainty rooted in the Trump administration's lack of stable policies.
U.S. Stock Movers
Uber Technologies advanced 1.5% to $90.70, and the ridesharing company reported mixed quarterly results.
In the second quarter, the company earned 63 cents on revenue of $12.65 billion, and the company announced a $20 billion stock repurchase program.
Walt Disney Company declined 2.5% to $115.20 after the company reported mixed quarterly results.
Revenue in the fiscal third quarter rose 2% to $23.7 billion, and operating income advanced 8% to $4.6 billion.
In the quarter, the company added 2.6 million net new subscribers, with essentially all growth coming from international markets.
The company revised higher its adjusted earnings per share estimate for the full year to $5.85 from $5.75 released in the previous quarter.
ESPN, the company's sports network, is set to release its full-featured streaming service in the coming weeks.
Advanced Micro Devices Inc. dropped 5.6% to $165.18 after the advanced chipmaker reported a weaker-than-expected profit of 48 cents on revenue of $7.69 billion.
McDonald's Corp. jumped 3.8% to $310.10, and the fast food restaurant chain's quarterly results surpassed market expectations.
The global chain reported adjusted earnings per share of $3.19 on revenue of $6.84 billion.