Latest news with #ThirdBridge
Time of India
a day ago
- Automotive
- Time of India
China's Xpeng expects quarterly revenue to double on strong demand for its EVs
Chinese electric vehicle maker Xpeng on Tuesday forecast third-quarter revenue would double, betting on surging deliveries of its cars despite challenging economic conditions. Xpeng has been able to drum up demand for its diverse lineup of electric cars, helped by government stimuli to boost customer spending in a faltering economy. The carmaker is also working on integrating artificial intelligence into its self-driving software and expanding technology tie-ups with other automakers. "XPeng's in-house Turing chip , once mass-produced, could be a pivotal step in the company's intelligent driving ambitions. The chip is designed specifically for XPeng's own requirements, offering targeted optimization over generic industry solutions," said Rosalie Chan, an analyst at Third Bridge. China is now the largest auto market in the world due to the ability of its companies to make and sell vehicles at lower costs than Western automakers. But that has crowded the market, leading to a price war and a battle for technological supremacy. Xpeng forecast third-quarter revenue between 19.6 billion yuan ($2.73 billion) and 21 billion yuan, an increase of 94 per cent to 107.9 per cent from a year ago. Analysts on average expect revenue of 20.81 billion yuan, according to data compiled by LSEG. It expects quarterly deliveries between 113,000 and 118,000, a jump of 142.8 per cent to 153.6%. For the second quarter, the company reported revenue of 18.27 billion yuan, compared with estimates of 18.52 billion yuan.
CNA
06-08-2025
- Business
- CNA
Shopify delivers upbeat revenue forecast on resilient demand, shares surge
Shopify on Wednesday forecast upbeat quarterly revenue, saying there was no slowdown in consumer demand yet and sellers on its platform are holding up well under tariff pressures, sending its shares soaring 20 per cent. The Canadian company's merchant base has been resilient through early August after showing steady growth in the April-June period, powering a 31 per cent surge in its second-quarter revenue. Shopify's results assuaged some investor concerns over President Donald Trump's shifting trade policies that have left many retailers unsure about demand, production, sourcing, and the costs of running their business. "We haven't seen any drops in U.S. demand, whether inbound, outbound or local. In fact, the U.S. accelerated in the second-quarter," CFO Jeff Hoffmeister said on a post-earnings call, adding that Shopify saw growth in all merchant segments. Sellers with more than $50 million in annual gross merchandise volume (GMV) and those below $2 million were particularly strong, he said. Many merchants were also raising prices, Shopify said, without providing more details on the range of hikes. Last week, e-commerce giant Amazon had said it was yet to see a notable rise in prices after reporting strong retail results. "The tariff situation is still playing out, there's still disruption that could happen, but I think we have a little bit more clarity into how consumers are going to react, and frankly, the lack of impact that it's going to have on Shopify," Third Bridge analyst Charlie Miner said. Shopify expects revenue to rise at a mid- to high-twenties percentage rate in the third quarter, while analysts estimated a rise of 21.54 per cent, according to data compiled by LSEG. The company is also benefiting from its investments in artificial intelligence-powered features to help retailers with tasks such as building store websites, generating images and collating sales data.
Finextra
29-07-2025
- Business
- Finextra
Third Bridge and Portrait Analytics partner on AI-powered investment research
Third Bridge, the global expert network and research provider, today announced its collaboration with Portrait Analytics, a personalized AI-powered investment research platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This partnership underscores Third Bridge's commitment to ensuring expert insights are seamlessly embedded within clients' existing research workflows. Among a growing number of partners, this collaboration with Portrait enables clients to derive even greater value from Third Bridge's premium content. Combining Third Bridge's unparalleled library of expert interviews with Portrait Analytics' innovative AI capabilities streamlines how institutional investors blend qualitative insights with LLM-supported analysis. Clients can now leverage Portrait's platform to discover, research, and monitor investment ideas with unprecedented depth, enriched by real-time perspectives from Third Bridge's extensive network of industry experts. Mike Grubert, Managing Director at Third Bridge, stated, 'Our commitment at Third Bridge is to equip the world's decision-makers with the high-quality insights they need, precisely when and where they need them. Partnering with Portrait Analytics allows us to deliver on this promise by embedding our trusted expert insights directly into the sophisticated, AI-driven research workflows that some of our clients are already utilizing, truly meeting them where they are.' Portrait Analytics' platform empowers investors to screen for companies based on nuanced qualitative and quantitative criteria, surfacing relevant opportunities that align with their investment objectives. This powerful combination ensures that Third Bridge subscribers on the Portrait platform can instantly access and leverage the depth and breadth of high-quality expert insights, facilitating more efficient due diligence and the development of differentiated investment theses. 'Investors are excited by AI's potential to add leverage to the research process, but are struggling to integrate this technology with critical data sources,' said David Plon, CEO and co-founder of Portrait Analytics. 'Integrating Third Bridge's extensive library of unparalleled expert insights into our leading AI platform is a major step towards helping our users fully unlock the value of this research for creative idea generation and thesis development.'
Miami Herald
29-07-2025
- Business
- Miami Herald
Portrait Analytics and Third Bridge Partner to Deliver Ai-Driven Investment Research with Human Insight
The new partnership combines Third Bridge's world leading library of expert interviews with Portrait's AI-driven research tools, streamlining how institutional investors blend qualitative insight with quantitative analysis. NEW YORK, NY / ACCESS Newswire / July 29, 2025 / Portrait Analytics, the leading personalized AI-powered investment research platform, today announced a strategic partnership with Third Bridge, a leading global expert network and investment research provider. Embedding Third Bridge's unparalleled library of high-quality expert interviews directly into the Portrait platform will create a one-stop research environment for institutional investors. This collaboration addresses a growing need in public market investing: combining state-of-the-art AI capabilities with powerful qualitative insights from trusted experts. Instead of switching between siloed tools or stitching together AI workflows manually, investors can now leverage AI to seamlessly surface real-time expert perspectives at the moment they're discovering, researching, and monitoring an investment thesis. "Investors are excited by AI's potential to add leverage to the research process, but are struggling to integrate this technology with critical data sources," said David Plon, CEO and co-founder of Portrait Analytics. "Integrating Third Bridge's extensive library of expert insights and company intelligence into our leading AI platform is a major step towards helping our users fully unlock the value of this research for creative idea generation and thesis development." This partnership benefits institutional investors, particularly hedge funds and asset managers who rely on expert interviews as part of their research process. Third Bridge subscribers on the Portrait platform can now instantly leverage the collective insights from thousands of experts through Portrait's deep research workflows. For instance, an analyst researching GLP-1s can now leverage Portrait to analyze thousands of expert conversations about downstream impacts on medical devices, food companies, and insurers, uncovering non-obvious investment opportunities. "Portrait's platform is the perfect environment to unlock even more value from our trusted library of expert insights," said Mike Grubert, Managing Director at Third Bridge, "This collaboration underscores our commitment to providing the world's decision makers with access to the high-quality insights they need, whenever and wherever they need them. Together, we're giving our mutual clients a faster, smarter way to conduct due diligence and develop differentiated insight into investment opportunities." ABOUT PORTRAIT ANALYTICS: Portrait Analytics is a personalized AI-powered investment research platform that supports critical public market workflows across idea generation, context-building, and thesis monitoring. Built by former buy-side analysts, Portrait is headquartered in New York with a presence across the U.S. and Europe. Learn more at ABOUT THIRD BRIDGE: Third Bridge is a global investment research business, providing investors and business leaders with access to the unique expert insights they need to accelerate and improve their decision-making. Founded in 2007, it has 1,500+ employees who serve the world's top private equity funds, hedge funds, mutual funds, and management consulting firms. Learn more at: MEDIA CONTACT: Lauren Gill, MAG PR at lauren@ SOURCE: Portrait Analytics
Yahoo
07-07-2025
- Business
- Yahoo
Figma Heats Up Summer IPO Market Amid Software Listing Drought
(Bloomberg) -- Figma Inc.'s expected US initial public offering is shaping up as a potential summer blockbuster first-time stock sale, as investors look to back a rare debut from a fast-growing software company. Are Tourists Ruining Europe? How Locals Are Pushing Back Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.' Denver City Hall Takes a Page From NASA In California, Pro-Housing 'Abundance' Fans Rewrite an Environmental Landmark The design software maker's 46% year on year increase in first-quarter revenue, as well as high customer retention rates and gross margins, should see investors value the company alongside the top rung of the enterprise software sector, said Charlie Miner, senior analyst at research firm Third Bridge. 'It's the kind of profile that commands a premium, even as the broader application software market becomes more selective,' Miner said in an interview with Bloomberg News. If all goes well, Figma may even have a chance of reclaiming its $20 billion valuation from a failed acquisition by rival Adobe Inc. agreed in 2022. A tender offer two years later to allow employees to sell some shares valued Figma at a lower mark of $12.5 billion. The company's hard-to-find combination of growth and profitability could capture the current investor fervor witnessed for IPOs such as Circle Internet Group Inc. and CoreWeave Inc. Figma may ultimately be able to secure a valuation multiple of more than 20 times its annual revenue, said Matt Kennedy, Renaissance Capital's senior strategist. With 13 million monthly active users, Figma generated $821 million of revenue in the 12 months ended March 31 and would top $1 billion of annual revenue this year at its current growth rate. Figma tops all other publicly traded subscription software companies when using the Rule of 40 metric, according to data compiled and published by Jamin Ball, a partner at venture capital firm Altimeter Capital and author of a Substack on software valuations. A popular back-of-the-envelope calculation, the Rule of 40 adds a company's revenue growth rate to its earnings or free cash flow margin. A number above 40 indicates a good balance between growth and profitability and is viewed favorably by investors. On Ball's numbers, Figma's current Rule of 40 metric comes in at a lofty 77 after adding its 49% trailing 12-month growth rate and 28% adjusted free cash flow margin. This is above Palantir Technologies Inc. at 76, Datadog Inc. at 55 and a median of 32 for more than 70 public software-as-a-service companies. AI Warning A stellar debut isn't guaranteed. AI could make it cheaper and easier for Figma's rivals to build competing products, and may also shrink the number of designers and developers that use its software, the firm warned in its US IPO filing. The company is investing heavily to integrate AI into its software, including through this year's launch of a product that turns a conversational prompt into a working prototype of an app or a website within minutes. 'Investors will be more comfortable if these companies have AI capabilities in their software solution to lessen the threat,' Kennedy said. The company's roughly $1.5 billion in cash, part of which comes from the $1 billion breakup fee it received from Adobe in 2023, may also help mitigate concerns. One of the strongest tailwinds for Figma's listings is the lack of software IPOs since the end of 2021. Only about a dozen enterprise software companies raising more than $50 million have gone public in the ensuing years, the largest being SailPoint Inc.'s $1.4 billion debut in February. A strong showing from Figma could encourage other tech companies to bring forward their IPO plans, Kennedy said. 'Companies want to feel more confident about the valuation they will get when they launch their IPO and that's why you need this icebreaker to do well and give them that confidence.' SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too For Brazil's Criminals, Coffee Beans Are the Target 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom Sperm Freezing Is a New Hot Market for Startups Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
