Keywords: Profitability


Volvo CEO predicts EVs cheaper than gas cars by 2030

Volvo CEO Håkan Samuelsson forecasts that electric vehicles will "very likely" cost less than gasoline-powered cars within five years. Speaking at a press event in Gothenburg, Sweden, this week, he highlighted his company's already profitable EV lineup and upcoming manufacturing advances......

Alibaba cloud and AI fuel revenue growth despite profit decline

Alibaba Group Holding Ltd. reported second-quarter revenue of 247.8 billion yuan (approximately $35 billion), beating analyst expectations thanks to rapid expansion in its cloud computing and artificial intelligence (AI) businesses. The cloud segment grew by 34% year over year to 39.8 billion yuan, driven......

Spotify Surpasses 600 Million Users, Anticipates First Profitable Quarter

In a crescendo of rapid user growth, Spotify, the music streaming, has surged past the 600 million monthly listeners mark in the fourth quarter of 2023. This milestone heralds a significant moment for the Swedish audio powerhouse, as it forecasts its inaugural profitable quarter in early 2024, signaling......