
Could Genie 3 From Google DeepMind Resurrect VR For Education?
Why? Creating accurate and robust VR learning experiences just isn't realistic for the average educator.
Teachers already juggle lesson planning, grading and classroom management. Expecting them to master 3D modeling software, animation pipelines and game engine scripting was never realistic. Even companies that specialize in educational VR often struggle with the cost and complexity of developing interactive content that is both engaging and accurate.
Could all of that be about to change? Google DeepMind just announced Genie 3, and it's quite frankly astonishing.
What is Genie 3?
Genie 3 generates interactive 3D environments in real time, from simple text prompts. Type "a rainforest ecosystem" or "the surface of Mars in 2050" and Genie responds by building immersive, explorable worlds in seconds. These aren't pre-rendered videos. They're dynamic, reactive spaces that users can navigate and interact with at 24 frames per second.
This capability isn't entirely new. Previous iterations, like Genie 1 and Genie 2, and other video-generation models such as Veo 2, began to explore what was possible. But they lacked the real-time interactivity and environmental consistency needed for serious educational use. Genie 3 seems to bridge that gap. It allows learners to explore a world, revisit locations, and witness events unfold with continuity.
For educators, this could be the tipping point.
Building a virtual field trip used to require teams of developers, designers and researchers. Genie 3 collapses that workflow into a few lines of text. A teacher preparing a lesson on climate zones might input: "A desert landscape transitions into a temperate forest, then a polar ice cap." Genie 3 renders it on the spot, complete with weather patterns and animal behavior.
This ease of creation addresses the most critical bottleneck: time.
Genie 3 may make certain types of immersive teaching possible for the first time. A history teacher could summon ancient Babylon and guide students through its streets. A physics teacher could create zero-gravity environments to demonstrate Newton's laws.
Genie 3 also allows "promptable world events." This means educators can inject interactivity into the scene. Want to demonstrate the impact of deforestation? Trigger a scenario where logging machines clear a portion of the forest. Students can observe changes in weather, animal migration, and biodiversity. These are not scripted animations. They are emergent responses, built on the fly based on user inputs.
This level of control and flexibility could move Genie 3 beyond novelty. Could it become a tool for critical thinking and exploration? Students not just observing, but experimenting.
Genie 3 Limitations
Despite the excitement, limitations remain.
Genie 3 can't yet model real-world locations with geographic precision. It doesn't simulate complex interactions between multiple agents, meaning multiplayer educational scenarios are still out of reach. And while the system supports a few minutes of consistent interaction, it isn't designed for extended sessions.
But these are technical constraints, not conceptual ones. The trajectory is clear.
This raises new questions. What happens when content creation becomes so easy that anyone can build a virtual experience? Who ensures accuracy? Who reviews for bias? In classrooms, these questions matter deeply. A world model that misrepresents historical events or scientific principles could mislead students at scale.
DeepMind acknowledges this. Genie 3 is being released gradually, with oversight from its Responsible Development & Innovation Team. Only selected researchers and creators have access for now. That approach slows widespread adoption but gives space to refine safeguards.
Even in this early phase, it's clear that Genie 3 could redefine what is possible in educational content creation.
We could be entering a time when educators no longer have to choose between depth and interactivity. No longer spend months developing a single VR lesson. If Genie 3 delivers on its promise, or indeed Genie 4 or 5, immersive learning will move from the margins to the mainstream.
The real power of Genie 3 isn't in its graphics or speed. It lies in who gets to use it. When a teacher or a student with no technical background can build a realistic simulation in seconds, the conversation around educational VR changes. From "why don't more schools use this?" to "how will we use this next?"
VR in education hasn't failed. It's been waiting. Waiting for a tool that matches the ambitions of the classroom. Genie 3 might just be that tool.

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Earnings live: Eli Lilly stock slides, Pinterest sells off, Block gains after hours
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors hear from Tyson (TSN), AMD (AMD), Snap (SNAP), McDonald's (MCD), Disney (DIS), Uber (UBER), Lyft (LYFT), Palantir (PLTR), and more when they report results. Data from FactSet published Friday showed that with 66% of the index having reported results, analysts expect S&P 500 companies to report a 10.3% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Pinterest beats revenue estimates but misses on earnings Shares of Pinterest (PINS) dropped over 10% after hours after missing earnings expectations. Revenue grew 17% year over year to $998 million, and earnings per share were $0.33. Wall Street was looking for revenue of $975 million and earnings per share of $0.35. Global monthly active users on the site increased 11% annually to reach 578 million. The results follow earnings from Meta (META), Amazon (AMZN), and Snap (SNAP). On one hand, Snap recorded its slowest quarter of revenue growth in a year. On the other, Amazon's online ad sales jumped 23% year over year, and Meta's advertising revenue rose 22%. 'I'm proud of our Q2 results—delivering 17% revenue growth and another quarter of record users. We're also excited that Gen Z has grown to over half of our user base,' said Bill Ready, CEO of Pinterest. 'Three years into our business transformation, I've never been more confident in Pinterest's ability to deliver for our users and advertisers. We've found our best product market fit ever by becoming a personalized shopping destination for users and an AI-powered performance platform for advertisers. With this focus, we believe we're well-positioned to further capture market share.' Read more here. Block stock surges on strong profit growth, raised guidance Block (XYZ) stock surged after hours as the Jack Dorsey-led fintech company reported 14% gross profit growth and raised its annual profit forecast. Shares were up 10% on Thursday afternoon. Gross profits for the Square payment processing segment grew 11% year over year to $1.03 billion, while CashApp's gross profit grew 16% to $1.5 billion. Block noted strength in consumer spending. In the second quarter, Square's gross payment volume, or the total monetary value of transactions, grew 10% annually (7% in the US and 25% internationally). The company said it observed notable strength in the food, beverage, and retail categories. For the full year, Block sees $10.17 billion in gross profit and full-year adjusted operating income of $2.03 billion, representing 2% margin expansion growth. Read more here. Texas Roadhouse issues cautious inflation guidance, stock falls Texas Roadhouse (TXRH) said it expects greater commodity inflation in the second half of the year to weigh on profitability, which sent shares 3% lower in after-hours trading. The company reiterated its outlook for positive same-store sales but noted that it expects commodity inflation of 5%, including the estimated impact of tariffs, and labor inflation of approximately 4%. "Our operators delivered another quarter of strong comparable restaurant sales growth driven by positive traffic across all three of our brands," Texas Roadhouse CEO Jerry Morgan said in an earnings release. "While we expect commodity inflation to further impact our profitability for the rest of the year, we remain focused on what we can control— preserving our value proposition and maintaining a relentless focus on operational excellence across all our brands." For the second quarter, Texas Roadhouse earned net income of $125 million, or $1.86 per share, missing Wall Street estimates of $1.91 per share. Revenue of $1.51 billion rose 12.7% year over year. Investors are 'agitated by anything short of perfect' this earnings season Yahoo Finance's Josh Schafer writes: Read more here. Sunrun stock soars 30% on strong results despite policy challenges Sunrun (RUN) stock rallied more than 30% on Thursday after the solar company reported a surprise profit on Wednesday, lifting shares of other solar stocks. In the second quarter, Sunrun reported profits of $1.07 per share, compared to an expected loss of $0.12 per share. Sunrun recorded $569 million in revenue, also beating Wall Street estimates for $560 million, per S&P Global Market Intelligence. The report offered a bright spot in what's been a turbulent quarter for renewables, as President Trump's signature budget law accelerated the phase-out of some solar and wind tax credits despite strong lobbying by the industry. "Sunrun is well-positioned to continue to generate strong financial returns under the enacted legislation," Sunrun CEO Mary Grace Powell assured investors on the earnings call. "While the sunset of the 25D homeowner tax credit could lead to large declines for a segment of the market in certain geographies, Sunrun is positioned to continue to grow margins and volumes into 2026." The Trump administration has also cracked down on permitting for wind and solar projects while propping up nuclear and fossil fuels. And tariffs prove to be another headwind. Powell said tariff costs were "at the low end" of its previously forecast range of $1,000 to $1,300 per customer. Tariffs loom over Crocs's third quarter financial outlook Crocs (CROX) forecast a 9% to 11% decline in third quarter revenue on Thursday, as tariffs and a softer consumer spending environment weigh on the business. The stock lost a quarter of its value, falling 25% to $79 per share in early trading after reporting second quarter results. "We expect the Crocs brand to be down mid-single digits, led by declines in North America, offset in part by growth in international," Crocs CFO Susan Healy said in the company's earnings call. "This includes our expectation that the second half wholesale environment will be challenging for both brands based on the visibility we have in our current order books." On the cost side, Crocs expects incremental tariffs to create a $40 million headwind in the second half of the year for a total impact of $90 million for the year. The shoe company imports most of its products from China, Vietnam, Indonesia, India, and Cambodia, which face tariffs in a range of 10% to 20%. The company sees a 170-basis-point impact on adjusted operating margins in the third quarter, largely from tariffs. Revenue for the June quarter slightly beat estimates at $1.41 billion. Adjusted diluted earnings per share of $4.23 also beat expectations of $4.02 per share. Peloton stock soars on swing to profit Peloton (PTON) swung to a profit in its fiscal fourth quarter, posting earnings of $21.6 million, or $0.05 per share, compared to estimates for a loss of $0.05 per share and a loss of $0.08 per share last year. Revenue fell to $606.9 million, but still topped estimates for $579.9 million in the quarter. The stock jumped over 8% in premarket trading. The fitness platform announced it launched a cost-cutting plan intended to achieve $100 million in savings by the end of fiscal year 2026, which includes layoffs. "This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term health of our business," CEO Peter Stern said in a shareholder letter. Peloton's outlook for the upcoming year includes $2.4 billion to $2.5 billion in total revenue, a 51% gross margin, and $400 million to $450 million of adjusted EBITDA. Duolingo surges as AI-led growth, forecast raise boost investor confidence The stock is on a tear, up over 25% in premarket trading. Reuters reports: Read more here. Warner Bros. Discovery posts surprise profit Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Eli Lilly second quarter earnings beat estimates, but stock dives on GLP-1 pill trial results Yahoo Finance's Anjalee Khemlani reports: Read more here. One call out on Airbnb Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. SoftBank swings to profit on vision fund gains ahead of AI push Bloomberg News reports: Read more here. Sony in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Toyota warns of $9.5B tariff hit, slashes annual profit forecast Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. E.l.f. stock falls as tariffs compress margins, weigh on profits E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. Duolingo raises annual forecast, boosting shares Reuters reports: Read more here. Bumble paying users decline 8%, company appoints new CFO Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Lyft stock slides after results failed to impress Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Airbnb earnings top estimates, company announces $6 billion in stock buybacks Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. DoorDash stock pops after earnings beat across all metrics as consumers paid up for convenience DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Pinterest beats revenue estimates but misses on earnings Shares of Pinterest (PINS) dropped over 10% after hours after missing earnings expectations. Revenue grew 17% year over year to $998 million, and earnings per share were $0.33. Wall Street was looking for revenue of $975 million and earnings per share of $0.35. Global monthly active users on the site increased 11% annually to reach 578 million. The results follow earnings from Meta (META), Amazon (AMZN), and Snap (SNAP). On one hand, Snap recorded its slowest quarter of revenue growth in a year. On the other, Amazon's online ad sales jumped 23% year over year, and Meta's advertising revenue rose 22%. 'I'm proud of our Q2 results—delivering 17% revenue growth and another quarter of record users. We're also excited that Gen Z has grown to over half of our user base,' said Bill Ready, CEO of Pinterest. 'Three years into our business transformation, I've never been more confident in Pinterest's ability to deliver for our users and advertisers. We've found our best product market fit ever by becoming a personalized shopping destination for users and an AI-powered performance platform for advertisers. With this focus, we believe we're well-positioned to further capture market share.' Read more here. Shares of Pinterest (PINS) dropped over 10% after hours after missing earnings expectations. Revenue grew 17% year over year to $998 million, and earnings per share were $0.33. Wall Street was looking for revenue of $975 million and earnings per share of $0.35. Global monthly active users on the site increased 11% annually to reach 578 million. The results follow earnings from Meta (META), Amazon (AMZN), and Snap (SNAP). On one hand, Snap recorded its slowest quarter of revenue growth in a year. On the other, Amazon's online ad sales jumped 23% year over year, and Meta's advertising revenue rose 22%. 'I'm proud of our Q2 results—delivering 17% revenue growth and another quarter of record users. We're also excited that Gen Z has grown to over half of our user base,' said Bill Ready, CEO of Pinterest. 'Three years into our business transformation, I've never been more confident in Pinterest's ability to deliver for our users and advertisers. We've found our best product market fit ever by becoming a personalized shopping destination for users and an AI-powered performance platform for advertisers. With this focus, we believe we're well-positioned to further capture market share.' Read more here. Block stock surges on strong profit growth, raised guidance Block (XYZ) stock surged after hours as the Jack Dorsey-led fintech company reported 14% gross profit growth and raised its annual profit forecast. Shares were up 10% on Thursday afternoon. Gross profits for the Square payment processing segment grew 11% year over year to $1.03 billion, while CashApp's gross profit grew 16% to $1.5 billion. Block noted strength in consumer spending. In the second quarter, Square's gross payment volume, or the total monetary value of transactions, grew 10% annually (7% in the US and 25% internationally). The company said it observed notable strength in the food, beverage, and retail categories. For the full year, Block sees $10.17 billion in gross profit and full-year adjusted operating income of $2.03 billion, representing 2% margin expansion growth. Read more here. Block (XYZ) stock surged after hours as the Jack Dorsey-led fintech company reported 14% gross profit growth and raised its annual profit forecast. Shares were up 10% on Thursday afternoon. Gross profits for the Square payment processing segment grew 11% year over year to $1.03 billion, while CashApp's gross profit grew 16% to $1.5 billion. Block noted strength in consumer spending. In the second quarter, Square's gross payment volume, or the total monetary value of transactions, grew 10% annually (7% in the US and 25% internationally). The company said it observed notable strength in the food, beverage, and retail categories. For the full year, Block sees $10.17 billion in gross profit and full-year adjusted operating income of $2.03 billion, representing 2% margin expansion growth. Read more here. Texas Roadhouse issues cautious inflation guidance, stock falls Texas Roadhouse (TXRH) said it expects greater commodity inflation in the second half of the year to weigh on profitability, which sent shares 3% lower in after-hours trading. The company reiterated its outlook for positive same-store sales but noted that it expects commodity inflation of 5%, including the estimated impact of tariffs, and labor inflation of approximately 4%. "Our operators delivered another quarter of strong comparable restaurant sales growth driven by positive traffic across all three of our brands," Texas Roadhouse CEO Jerry Morgan said in an earnings release. "While we expect commodity inflation to further impact our profitability for the rest of the year, we remain focused on what we can control— preserving our value proposition and maintaining a relentless focus on operational excellence across all our brands." For the second quarter, Texas Roadhouse earned net income of $125 million, or $1.86 per share, missing Wall Street estimates of $1.91 per share. Revenue of $1.51 billion rose 12.7% year over year. Texas Roadhouse (TXRH) said it expects greater commodity inflation in the second half of the year to weigh on profitability, which sent shares 3% lower in after-hours trading. The company reiterated its outlook for positive same-store sales but noted that it expects commodity inflation of 5%, including the estimated impact of tariffs, and labor inflation of approximately 4%. "Our operators delivered another quarter of strong comparable restaurant sales growth driven by positive traffic across all three of our brands," Texas Roadhouse CEO Jerry Morgan said in an earnings release. "While we expect commodity inflation to further impact our profitability for the rest of the year, we remain focused on what we can control— preserving our value proposition and maintaining a relentless focus on operational excellence across all our brands." For the second quarter, Texas Roadhouse earned net income of $125 million, or $1.86 per share, missing Wall Street estimates of $1.91 per share. Revenue of $1.51 billion rose 12.7% year over year. Investors are 'agitated by anything short of perfect' this earnings season Yahoo Finance's Josh Schafer writes: Read more here. Yahoo Finance's Josh Schafer writes: Read more here. Sunrun stock soars 30% on strong results despite policy challenges Sunrun (RUN) stock rallied more than 30% on Thursday after the solar company reported a surprise profit on Wednesday, lifting shares of other solar stocks. In the second quarter, Sunrun reported profits of $1.07 per share, compared to an expected loss of $0.12 per share. Sunrun recorded $569 million in revenue, also beating Wall Street estimates for $560 million, per S&P Global Market Intelligence. The report offered a bright spot in what's been a turbulent quarter for renewables, as President Trump's signature budget law accelerated the phase-out of some solar and wind tax credits despite strong lobbying by the industry. "Sunrun is well-positioned to continue to generate strong financial returns under the enacted legislation," Sunrun CEO Mary Grace Powell assured investors on the earnings call. "While the sunset of the 25D homeowner tax credit could lead to large declines for a segment of the market in certain geographies, Sunrun is positioned to continue to grow margins and volumes into 2026." The Trump administration has also cracked down on permitting for wind and solar projects while propping up nuclear and fossil fuels. And tariffs prove to be another headwind. Powell said tariff costs were "at the low end" of its previously forecast range of $1,000 to $1,300 per customer. Sunrun (RUN) stock rallied more than 30% on Thursday after the solar company reported a surprise profit on Wednesday, lifting shares of other solar stocks. In the second quarter, Sunrun reported profits of $1.07 per share, compared to an expected loss of $0.12 per share. Sunrun recorded $569 million in revenue, also beating Wall Street estimates for $560 million, per S&P Global Market Intelligence. The report offered a bright spot in what's been a turbulent quarter for renewables, as President Trump's signature budget law accelerated the phase-out of some solar and wind tax credits despite strong lobbying by the industry. "Sunrun is well-positioned to continue to generate strong financial returns under the enacted legislation," Sunrun CEO Mary Grace Powell assured investors on the earnings call. "While the sunset of the 25D homeowner tax credit could lead to large declines for a segment of the market in certain geographies, Sunrun is positioned to continue to grow margins and volumes into 2026." The Trump administration has also cracked down on permitting for wind and solar projects while propping up nuclear and fossil fuels. And tariffs prove to be another headwind. Powell said tariff costs were "at the low end" of its previously forecast range of $1,000 to $1,300 per customer. Tariffs loom over Crocs's third quarter financial outlook Crocs (CROX) forecast a 9% to 11% decline in third quarter revenue on Thursday, as tariffs and a softer consumer spending environment weigh on the business. The stock lost a quarter of its value, falling 25% to $79 per share in early trading after reporting second quarter results. "We expect the Crocs brand to be down mid-single digits, led by declines in North America, offset in part by growth in international," Crocs CFO Susan Healy said in the company's earnings call. "This includes our expectation that the second half wholesale environment will be challenging for both brands based on the visibility we have in our current order books." On the cost side, Crocs expects incremental tariffs to create a $40 million headwind in the second half of the year for a total impact of $90 million for the year. The shoe company imports most of its products from China, Vietnam, Indonesia, India, and Cambodia, which face tariffs in a range of 10% to 20%. The company sees a 170-basis-point impact on adjusted operating margins in the third quarter, largely from tariffs. Revenue for the June quarter slightly beat estimates at $1.41 billion. Adjusted diluted earnings per share of $4.23 also beat expectations of $4.02 per share. Crocs (CROX) forecast a 9% to 11% decline in third quarter revenue on Thursday, as tariffs and a softer consumer spending environment weigh on the business. The stock lost a quarter of its value, falling 25% to $79 per share in early trading after reporting second quarter results. "We expect the Crocs brand to be down mid-single digits, led by declines in North America, offset in part by growth in international," Crocs CFO Susan Healy said in the company's earnings call. "This includes our expectation that the second half wholesale environment will be challenging for both brands based on the visibility we have in our current order books." On the cost side, Crocs expects incremental tariffs to create a $40 million headwind in the second half of the year for a total impact of $90 million for the year. The shoe company imports most of its products from China, Vietnam, Indonesia, India, and Cambodia, which face tariffs in a range of 10% to 20%. The company sees a 170-basis-point impact on adjusted operating margins in the third quarter, largely from tariffs. Revenue for the June quarter slightly beat estimates at $1.41 billion. Adjusted diluted earnings per share of $4.23 also beat expectations of $4.02 per share. Peloton stock soars on swing to profit Peloton (PTON) swung to a profit in its fiscal fourth quarter, posting earnings of $21.6 million, or $0.05 per share, compared to estimates for a loss of $0.05 per share and a loss of $0.08 per share last year. Revenue fell to $606.9 million, but still topped estimates for $579.9 million in the quarter. The stock jumped over 8% in premarket trading. The fitness platform announced it launched a cost-cutting plan intended to achieve $100 million in savings by the end of fiscal year 2026, which includes layoffs. "This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term health of our business," CEO Peter Stern said in a shareholder letter. Peloton's outlook for the upcoming year includes $2.4 billion to $2.5 billion in total revenue, a 51% gross margin, and $400 million to $450 million of adjusted EBITDA. Peloton (PTON) swung to a profit in its fiscal fourth quarter, posting earnings of $21.6 million, or $0.05 per share, compared to estimates for a loss of $0.05 per share and a loss of $0.08 per share last year. Revenue fell to $606.9 million, but still topped estimates for $579.9 million in the quarter. The stock jumped over 8% in premarket trading. The fitness platform announced it launched a cost-cutting plan intended to achieve $100 million in savings by the end of fiscal year 2026, which includes layoffs. "This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term health of our business," CEO Peter Stern said in a shareholder letter. Peloton's outlook for the upcoming year includes $2.4 billion to $2.5 billion in total revenue, a 51% gross margin, and $400 million to $450 million of adjusted EBITDA. Duolingo surges as AI-led growth, forecast raise boost investor confidence The stock is on a tear, up over 25% in premarket trading. Reuters reports: Read more here. The stock is on a tear, up over 25% in premarket trading. Reuters reports: Read more here. Warner Bros. Discovery posts surprise profit Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Warner Bros. Discovery (WBD) stock climbed 3% in premarket trading after the company reported a surprise second quarter profit. The international rollout of HBO Max in Australia, a strong quarter for box office hits from the studio division, and streaming series like "The Pitt" helped boost results. The company reported profits of $0.63 per share on revenue of $9.8 billion, compared with expectations for a loss of $0.21. Higher box office sales boosted theatrical revenue by 38%, driven by box office hits "A Minecraft Movie," "Sinners," and "Final Destination: Bloodlines." Warner Bros. added 3.4 million global streaming subscribers in the quarter, raising the overall number to 125.7 million. Streaming advertising revenue increased 17%, largley driven by an increase in ad-lite subscribers. The company is restructuring into two media companies — studio-focused Warner Bros and cable-centric Discovery Global — and is expanding its streaming network globally by bringing the Warner Bros and DC universes to international markets. Read more here. Eli Lilly second quarter earnings beat estimates, but stock dives on GLP-1 pill trial results Yahoo Finance's Anjalee Khemlani reports: Read more here. Yahoo Finance's Anjalee Khemlani reports: Read more here. One call out on Airbnb Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. Airbnb (ABNB) stock is getting hit on some cautious earnings call commentary. The company is also making some key investments in the back half of the year that will weigh on margins. If there is any positive here, it's that when I caught up with Airbnb's CFO Ellie Mertz about the results, I got the sense demand is staying solid. SoftBank swings to profit on vision fund gains ahead of AI push Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Sony in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Toyota warns of $9.5B tariff hit, slashes annual profit forecast Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. Japan's Toyota Motor (TM) stock fell over 1% in premarket trading on Thursday after saying it expected a nearly $10 billion hit from President Trump's tariffs on cars imported into the US. Reuters reports; Read more here. E.l.f. stock falls as tariffs compress margins, weigh on profits E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. E.l.f. Beauty (ELF) stock fell after hours as tariffs began to weigh on the mass market beauty company's profits. Net sales rose 9% to $353.7 million, in line with analysts' estimates, according to S&P Global Market Intelligence. Diluted earnings per share were $0.58, compared with analysts' estimates of $0.65 per share. The company said gross margins decreased approximately 215 basis points to 69%, primarily driven by tariffs. During the quarter, e.l.f. raised prices by $1 to help offset some of the higher prices from tariffs, as most of its product mix is produced overseas, especially in China. E.l.f. did not provide a full-year financial outlook due to uncertainty from tariffs, but said it expects net sales to grow above 9% in the first half of the 2026 fiscal year, but margins to compress to 20%, compared to 23% the year prior. It did complete its acquisition of Hailey Bieber's rhode beauty brand on Aug. 5, the company said. Read more here. Duolingo raises annual forecast, boosting shares Reuters reports: Read more here. Reuters reports: Read more here. Bumble paying users decline 8%, company appoints new CFO Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Bumble (BMBL) on Wednesday announced that Kevin Cook will transition into the CFO role on Aug. 12, succeeding the company's interim CFO Ronald J. Fior. Shares of the online dating app dropped 8% after hours, however, following less-than-stellar second quarter results showing limited progress so far from the company's turnaround efforts. Revenue decreased 7.6% annually to $248.2 million, compared to $268.6 million last year. Analysts were expecting revenue of $245 million. Total paying users also decreased 8.7% to 3.8 million, compared to 4.1 million the previous year. Read more here. Lyft stock slides after results failed to impress Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Lyft (LYFT) stock slid after hours after the ride-hailing company missed second quarter revenue estimates on Wednesday amid heightened competition with Uber (UBER) and weakening demand. However, Lyft raised its guidance for gross bookings in the current quarter to between $4.65 billion and $4.80 billion, well above estimates of $4.59 billion. Here are Lyft's top- and bottom-line results for the quarter, compared to S&P Global Market Intelligence consensus estimates: Earlier in the day, rival Uber reported it saw trips surge 18% year over year, putting pressure on Lyft to report impressive results. While Uber stock popped earlier in the day, it closed about 0.2% lower on the day. Reuters reports: Read more here. Airbnb earnings top estimates, company announces $6 billion in stock buybacks Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. Airbnb (ABNB) stock wavered in after-hours trading after better-than-expected earnings, a slight guidance lift, and a new $6 billion stock buyback program. The company said it saw stable travel demand and booking lead times in the second quarter despite global economic uncertainty. Net income grew 16% year over year to $642 million, the company reported, with earnings per share coming in at $1.03 versus $0.94 estimated. Revenue rose 13% year over year, reaching $3.1 billion, above estimates for $3.02 billion. For the third quarter, Airbnb expects revenue between $4.02 billion and $4.10 billion, the midpoint of which is higher than analysts' average estimate of $4.05 billion. Airbnb also announced a new stock buyback program to purchase up to an additional $6 billion of Class A common stock. Read more here. DoorDash stock pops after earnings beat across all metrics as consumers paid up for convenience DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. DoorDash (DASH) reported second quarter results that beat on both the top and bottom lines on Wednesday, with its orders also rising more than forecast. Earnings per share came in at $0.65, $0.20 more than the Street had forecast. Adjusted EBITDA reached $655 million in the quarter. Revenue grew 25% year over year to $3.28 billion, compared to the $3.17 billion the Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21 minutes ago
- Yahoo
Pinterest beats revenue estimates as AI tools drive ad spend
(Reuters) -Pinterest beat analysts' estimates for second-quarter revenue on Thursday, as increased marketing spend on the platform was fueled by its artificial intelligence-powered advertising tools. However, shares of the company fell around 8.2% in extended trading. The stock has risen about 35% so far this year. The social media platform's rapid growth among Gen Z users—who now represent more than half of its user base—combined with the AI-powered tools for personalized and automated campaigns, has made the platform attractive to advertisers. Pinterest's results follow Meta and Reddit's strong second quarter performance last week. In contrast, Snap reported its slowest quarterly revenue growth in over a year. The company's focus on direct-response ads, designed to prompt specific actions like shopping, app downloads, or website visits, continued to drive ad demand. "We've found our best product market fit ever by becoming a personalized shopping destination for users and an AI-powered performance platform for advertisers," CEO Bill Ready said in a statement. Pinterest has third-party ad deals with Google, and advertising platform Magnite. Revenue for the second-quarter grew 17% to $998.2 million, beating analysts' average estimate of $974.8 million, according to data compiled by LSEG. Global monthly active users on the platform rose 11% to 578 million, exceeding estimates of 553 million. Pinterest expects third quarter revenue to be between $1.03 billion and $1.05 billion, compared with estimates of $1.03 billion.


Android Authority
23 minutes ago
- Android Authority
Samsung's AI photo editor now lets you fake DSLR shots with a tap
Ryan Haines / Android Authority TL;DR Samsung has updated its Galaxy Enhance-X photo app with two new AI features. As well as better upscaling, Focus Shift blurs the background to mimic DSLR-style shallow depth of field. The update is exclusive to Samsung phones running One UI 8. Samsung is finally widening the rollout of One UI 8, and the manufacturer is now giving you another reason to want it. A new update to the Galaxy Enhance-X app — Samsung's AI-powered photo editor — adds two cool features that are exclusive to devices running One UI 8. According to SamMobile, version 16.0.01.8 of Galaxy Enhance-X introduces 'Focus Shift' and 'Crop & Upscale,' which both use AI to enhance your photos. Focus Shift lets you tap anywhere on a photo to bring that area into sharper focus while blurring the rest, mimicking the depth-of-field look of a DSLR. It's a natural fit for portraits or product shots. Crop & Upscale uses AI to increase photo resolution by up to 5x, which should be handy for zooming in or cleaning up older, lower-quality images. While Enhance-X already offered some upscaling, this new version adds more control, with resolution presets from 1x to 5x. Originally launched in 2022, Enhance-X also includes tools for removing blur and reflections, reducing moire, and brightening low-light shots. These new additions aim to push the app closer to being a true one-tap pro editor. Follow