Latest news with #TechnologyRoundup
Reuters
02-05-2025
- Entertainment
- Reuters
Take-Two Interactive delays 'Grand Theft Auto VI' release to May 26, 2026
May 2 (Reuters) - Take-Two Interactive (TTWO.O), opens new tab on Friday pushed the release of "Grand Theft Auto VI" to May 26, 2026, extending the wait for one of the most hotly anticipated titles in video-gaming history and sending its shares tumbling 9% in premarket trading. The title, developed by Rockstar Games, was previously forecast to launch in the fall of 2025. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. It is expected to be an instant hit with billions of dollars in sales each year according to several analysts. The previous entry, Grand Theft Auto V, released in 2013, has sold more than 200 million copies, making it one of the best-selling video games of all time.
Reuters
01-05-2025
- Business
- Reuters
GoDaddy posts rise in quarterly revenue, announces $3 billion share buyback
May 1 (Reuters) - GoDaddy (GDDY.N), opens new tab on Thursday reported a nearly 8% increase in first-quarter revenue, as the addition of artificial intelligence features boosted demand for its internet hosting services. The company also announced a share repurchase program of up to $3 billion through 2027. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. GoDaddy, which helps businesses set up online domains, payment systems and expand their online presence, has been rolling out AI features to gain traction for its services. Analysts see GoDaddy increasingly becoming the one-stop shop for small business needs across a growing set of solutions. They see GoDaddy as having less direct tariff exposure due to its mix of service offerings and steady domains business. In 2024, the company launched GoDaddy Airo, an AI-powered tool for designing and building a business' online presence. In April, it announced the launch of GoDaddy Agency, a partner program to connect digital agencies with small- and mid-sized business leads and providing access to comprehensive tools, services and support to grow client offerings. For the quarter ended March 31, GoDaddy reported revenue of $1.19 billion, in line with analysts' estimates, according to data compiled by LSEG. The company forecast second-quarter revenue in the range of $1.20 billion to $1.22 billion, with the midpoint coming in line with analysts' average estimate of $1.21 billion. It reaffirmed its full-year revenue forecast.
Reuters
01-05-2025
- Business
- Reuters
Private equity CVC to invest in 'Royal Match' developer Dream Games
LONDON, May 1 (Reuters) - European private equity firm CVC ( opens new tab will invest in Dream Games, the mobile games developer known for "Royal Match" and "Royal Kingdom" said on Thursday. CVC will buy out Dream Games' initial venture capital partners and become its sole equity partner as part of the deal that it said will boost development of new games. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Dream Games did not disclose the financial terms or the size of the stake acquired by CVC, but said funds managed by Blackstone, and other investors will provide debt financing as part of the transaction. The transaction is subject to regulatory approvals and is expected to be completed in the third quarter of 2025, Dream Games' statement said. "Their (CVC's) experience investing in category-leading companies, and track-record of supporting the long-term vision of founding teams, make them ideal partners as we continue to enhance our global leadership," said Soner Aydemir, co-founder and CEO of Dream Games. It said Royal Match is the leading global puzzle game by revenue.
Reuters
30-04-2025
- Business
- Reuters
Align raises annual revenue growth forecast after quarterly results beat
April 30 (Reuters) - Align Technology (ALGN.O), opens new tab raised annual revenue growth forecast on Wednesday after beating quarterly results, driven by strong demand for its dental products. Shares of the company rose more than 10% in aftermarket trading. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. The company now expects 2025 year-over-year revenue growth to be in the range of 3.5% to 5.5%, from previous low single-digit expectations. Align makes teeth retainers, dental scanners and software for dental laboratories and practitioners. It produces some of its teeth aligners in Mexico and ships them to the United States. It also makes products in China for customers in that country. Investors and analysts are closely monitoring how medical device makers will handle tariffs and whether they expect benefits from fluctuations in foreign currency. Align said some of its aligners and scanners made in Mexico are exempt from the tariffs under President Trump's executive order because they comply with the United States-Mexico-Canada Agreement. However, the tariff situation remains fluid, and the company expects an incremental tariff, if implemented, to be applied to transfer prices on goods shipped from Mexico. Align added that it is able to mitigate most of its tariff exposure in China through adjustments in its supply chain and does not expect a significant impact on its costs. The Tempe, Arizona-based company, expects its second-quarter revenue to range between $1.05 billion and $1.07 billion, the mid-point of which was in line with analysts' estimates of $1.06 billion, according to data compiled by LSEG. The Invisalign clear teeth aligner maker reported first-quarter revenue of $979.3 million, beating estimates of $975.24 million. On an adjusted basis, the company earned $2.13 per share for the quarter ended March 31, compared with estimates of $1.99 per share.
Reuters
30-04-2025
- Business
- Reuters
Ansys posts lower-than-expected quarterly profit, revenue
April 30 (Reuters) - Ansys (ANSS.O), opens new tab reported first-quarter revenue below Wall Street estimates on Wednesday, impacted by weak enterprise spending for its simulation software amid an uncertain economy. Shares of the Pennsylvania-based company fell 5% after the bell. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. The uncertainty has led to businesses cutting back on spending and U.S. export restrictions on China weighing on the demand for companies like Ansys. The company, which makes software used in creating products from airplanes to tennis rackets, is being bought by larger rival Synopsys (SNPS.O), opens new tab and the deal is expected to close in the first half of 2025. Ansys posted revenue of $504.9 million for the quarter ended March 31, below analysts' estimates of $520.9 million, according to data compiled by LSEG. On an adjusted basis, the company earned $1.64 per share, falling short of estimates $1.68 per share. Ansys offers AI solutions such as its customer support chatbot AnsysGPT and a cloud-enabled product SimAI, which uses simulation results to assess the performance of a new design in minutes.
