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Al Bawaba
a day ago
- Al Bawaba
Netflix Beats Q2 Expectations, Raises Full-Year Forecasts
Netflix has reinforced its position as the global streaming leader after reporting strong second-quarter results that surpassed expectations across all key company posted revenues of USD 11.1 billion and earnings per share (EPS) of USD 7.19, driven by solid international performance and the impact of a weaker US dollar. Netflix also revised its full-year guidance upward, with projected sales reaching up to USD 45.2 billion and an operating margin of 29.5%, highlighting a business that is scaling efficiently and delivering strong financial leverage. Net income is on track to exceed USD 10 billion for the first time in company the impressive numbers, Netflix shares dipped slightly in after-hours trading, likely a result of the stock's nearly 90% rally over the past 12 to Josh Gilbert, Market Analyst at eToro, "These results reinforce Netflix's dominance in the streaming sector. The company is successfully combining international growth with innovation in advertising and technology, all while continuing to deliver premium content."A key highlight for investors is the rapid growth of Netflix's ad-supported tier, which now boasts over 94 million monthly active users. The company expects to roughly double its advertising revenue in 2025, marking a significant step in building a powerful new growth engine. Netflix is also leveraging artificial intelligence (AI) to streamline production processes and enhance viewer targeting—initiatives that are expected to further support margin expansion in the long term.'As Netflix continues to grow, it's clear that the company's strategy is firing on all cylinders,' said Josh Gilbert, Market Analyst at eToro. 'The focus on diversifying revenue—through advertising, live sports, and localized content—puts Netflix in a strong position to capture even more market share globally.'As always, compelling content remains at the heart of Netflix's strategy. The company's robust pipeline includes highly anticipated new seasons of global hits like Stranger Things and Wednesday. In addition, its flagship series Squid Game has already broken viewership records within its first three days of release—setting the stage for strong subscriber growth and engagement in the second half of the year. While competition from major players such as Disney, Apple, and Amazon persists, Netflix continues to lead the industry. Its strategic focus on innovation and global expansion ensures it remains uniquely positioned to drive sustainable, long-term growth.
Jordan News
3 days ago
- Jordan News
Cabinet Approves Aqaba Digital Logistics Project, Economic Relief Measures, Heritage Preservation - Jordan News
The Cabinet, chaired by Prime Minister Jafar Hassan, on Wednesday approved several key decisions aimed at advancing digital transformation, supporting economic activities, enhancing international cooperation, and preserving Jordan's architectural heritage. اضافة اعلان The Cabinet endorsed a decision by the Board of Commissioners of the Aqaba Special Economic Zone Authority (ASEZA) approving an agreement with Maqta Ayla Digital Solutions Company to manage, operate, and develop a digital truck control and monitoring system. Under the agreement, Maqta Ayla will establish a digital platform to modernize operations at Aqaba's port facilities. The system will integrate customs, port operations, shipping lines, clearance companies, and other stakeholders, enabling seamless data exchange and improving the efficiency of maritime and logistics services. These measures are expected to accelerate cargo handling and customs clearance, reduce operational costs, improve transparency, and facilitate digital tracking of logistics processes. The initiative aims to position Aqaba as a regional hub for smart and modern port services, strengthening its competitiveness under the Economic Modernization Vision. Among the planned services is a truck control project to regulate the entry and exit of vehicles into the Aqaba Special Economic Zone. The system will digitize permits, monitor truck movements, ease congestion, enhance road safety, and enable better oversight of freight operations. The Cabinet directed coordination with the Ministry of Digital Economy and Entrepreneurship to ensure system compatibility with Jordan's digital government infrastructure. In measures to alleviate economic burdens, the Cabinet approved allowing companies benefiting from the Temporary Employment Support Program in the Digital and Entrepreneurial Sector (Hafiz) to repay debts owed for 2023 over five years in monthly installments. The government has already covered JD1.9 million in Social Security contributions under the Hafiz program, which supports the hiring of approximately 600 youth in IT roles across government service centers and private sector enterprises. The program, which subsidizes up to 50 percent of salaries for new hires, aligns with national objectives to digitize services, foster digital skills, and stimulate private sector growth. Additionally, the Cabinet approved the settlement of 696 pending tax cases between the Income and Sales Tax Department and taxpayers, as part of efforts to improve the business climate, enhance tax compliance, and facilitate legal regularization. On public administration modernization, the Cabinet endorsed the rationale for a draft Administrative Organization System for the Civil Service and Public Administration Authority for 2025, paving the way for submission to the Legislation and Opinion Bureau. The draft seeks to streamline organizational structures, reduce task duplication, enhance governance, and boost public sector efficiency in line with ongoing administrative reforms. Regarding international cooperation, the Cabinet approved a memorandum of understanding on social development with Lebanon, aimed at sharing expertise in development and social welfare fields. It also approved an agreement with the Hong Kong Special Administrative Region of the People's Republic of China to eliminate double taxation on income and prevent tax evasion, fostering investment and trade ties. In heritage preservation, the Cabinet designated several structures in the Capital, Balqa, and Madaba governorates as heritage buildings, adding them to the Architectural and Urban Heritage Register. These include, in Amman, the House of the late King Talal, the Jordanian Art House, the Jordanian Poetry House, the Ibrahim Hashem House, the Zahid Adlbi House, the Field Marshal Habis Al-Majali House, the Mohammed Al Dabbati House, and the Salmkri Al Khas Hatogh Building. In Balqa, the listed sites include the Salt Historical Museum (Abu Jaber House) and the Aziz Jasser House, while in Madaba they include the Saraya Building, the Beiruti Building, and the Omar Shabib Al Sawalha House.
Al Bawaba
3 days ago
- Al Bawaba
New SAP Concur research highlights generational differences in employee travel habits
Travel plays an integral role in generating new business opportunities, nurturing working relationships, and encouraging employee learning and development. But in 2025, it's under greater scrutiny than calls and instant messaging have quickly taken precedence over in-person interactions. In the boardroom, executive leaders are tempted by the cost-saving and convenience of grounding employee trips to visit clients, conferences, and satellite premises. But employees say they're still keen to hit the to new SAP Concur research, more than half (64%) of business travellers in the Middle East believe business travel is essential. A further 33% say it's helpful to their jobs, while just 3% deem it unnecessary. But it's not just views on the need for travel that differ. The seventh annual SAP Concur Global Business Travel Survey reveals clear generational differences in travel habits, priorities, and preferences among habits while travelling for businessThe vast majority of business travellers (94%) change their behaviour when they travel for work rather than leisure. Spending is a big area of divergence: 44% of travellers stay at higher-quality hotels or book premium rooms for work trips, while over half (53%) choose direct flights, even if they cost also use private transport (38%) and dine at nicer restaurants (31%) than they would on personal trips. But travellers also look for ways to save — 35% eat cheaply, while 43% use personal payment cards to collect loyalty points or air varies even more between generations. SAP Concur's data shows there is no single 'type' of business traveller — rather, distinct groups whose spending and travel habits align closely with their illustrate, meet four fictional Middle Eastern business travellers:Fatima, baby boomer: The frugal spenderFatima, 64, is the Director of Sales for a well-known regional technology company. Fatima's generation is the least likely to indulge in extra spending on the company card — yet they're not stingy either. Around 56% of baby boomers spend more when travelling for work than for matters to Fatima. Six in ten (62%) baby boomers willingly use their own money for travel upgrades, while 64% look for ways to save the company money by underspending on meals or expenses. Like 73% of her peers, Fatima is happy with how much she travels for work and knows when to moderate Gen X: The comfortable guestOmar, 49, is a seasoned Communications Lead at a film distribution company. He represents Gen X's approach: like 72% of his peers, he's comfortable spending more on work trips than on personal not just company funds, either — 74% of Gen X travellers spend their own money on perks like better seats or extra nights to avoid exhausting travel days. Omar is also mindful of costs: like 73% of Gen X, he looks for ways to cut back slightly on per diem X is less satisfied (59%) than baby boomers with their amount of business travel. While the data shows they're equally split between wanting to travel more (20%) or less (21%), Omar relishes the chance to hit the road and promote the studio's latest millennial: The high rollerYousef, 33, is a Marketing Specialist who embraces work trips in style. Millennials like him (89%) tend to spend more lavishly on work trips, enjoying upgraded rooms, room service, or extra if he can't expense it, Yousef often pays out of pocket to upgrade his seat or hotel — 88% of millennials do the same. And like most travellers, millennials (87%) take opportunities to save by collecting loyalty points or opportunities are limited: less than half of millennials (47%) are satisfied with how often they travel for Gen Z: The budget maximiserFinally, meet Layla, 22, an Influencer Relations Executive building her career in advertising. Gen Z travellers like Layla often spend more freely on company trips — 94% enjoy upgrades funded by their employers. But if the company doesn't pay, they'll often chip in themselves: 93% are happy to use their own money for a better Gen Z staff are junior, they don't shy away from spending — yet they also look for ways to save: 92% underspend on allowances or stash perks like loyalty prefers safer options, too — like 64% of Gen Z, she worries about air travel safety and is among the 19% hesitant to take trips that require flying. Gen Z is also the least satisfied generation when it comes to business travel — more say they travel too much (34%) than too little (24%). The modern business traveller has many faces. Generational nuances challenge companies to design travel and expense policies that work for everyone, whether it's a seasoned professional like Fatima or emerging talent like Layla. By introducing flexible approaches that balance business needs and employee preferences, organisations can help a globally mobile workforce get the best out of business travel.
