Latest news with #subscriptionRevenue
New York Times
3 days ago
- Business
- New York Times
After Trump Takeover, Kennedy Center Ticket Sales Fall Sharply
Ticket sales and subscription revenue at the John F. Kennedy Center for the Performing Arts have fallen sharply since President Trump made himself chairman in February, according to data compiled by employees that was obtained by The New York Times. Single-ticket sales were down roughly 50 percent in April and May, compared with the same period in 2024, according to the data. Subscriptions, traditionally an important source of revenue, have also declined significantly this season: Revenue was down 82 percent for theater and 57 percent for dance. At the National Symphony Orchestra, one of the Kennedy Center's flagship ensembles, subscriptions declined by 28 percent, the data showed. At Washington National Opera, subscriptions were down 25 percent. In total, subscription revenue was projected at $2.7 million in the coming fiscal year, compared with $4.4 million this year. The numbers were confirmed by a Kennedy Center employee, who was granted anonymity because the information was considered confidential. The Kennedy Center disputed the relevance of the data on Tuesday, saying the center had changed some aspects of how it marketed and structured subscriptions recently, including by starting its campaign later than usual. 'Our renewal campaign is just kicking off and our hard-copy season brochures have not yet hit homes,' Kim Cooper, the Kennedy Center's senior vice president of marketing, said in a statement. 'Our patrons wait for our new season brochures and renewal campaigns to take action.' Want all of The Times? Subscribe.
Yahoo
22-05-2025
- Business
- Yahoo
Workday (WDAY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended April 2025, Workday (WDAY) reported revenue of $2.24 billion, up 12.6% over the same period last year. EPS came in at $2.23, compared to $1.74 in the year-ago quarter. The reported revenue represents a surprise of +1.10% over the Zacks Consensus Estimate of $2.22 billion. With the consensus EPS estimate being $1.99, the EPS surprise was +12.06%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Workday performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Subscription Revenue Backlog: $24.62 billion versus $25.32 billion estimated by two analysts on average. Revenues- Subscription services: $2.06 billion compared to the $2.05 billion average estimate based on eight analysts. The reported number represents a change of +13.4% year over year. Revenues- Professional services: $181 million versus the eight-analyst average estimate of $165.09 million. The reported number represents a year-over-year change of +3.4%. View all Key Company Metrics for Workday here>>>Shares of Workday have returned +19.4% over the past month versus the Zacks S&P 500 composite's +13.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Workday, Inc. (WDAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Reuters
22-05-2025
- Business
- Reuters
Workday forecasts lukewarm quarterly subscription revenue, shares fall
May 22 (Reuters) - Workday (WDAY.O), opens new tab forecast second-quarter subscription revenue in line with Wall Street expectations on Thursday, anticipating weakening client spending on its human capital management software due to economic uncertainty, sending its shares down 5% in extended trading. The human capital management industry is grappling with softening spending by enterprise clients due to economic uncertainty that has pressured tech budgets. "We remain focused on executing in this uncertain environment and are reiterating our fiscal 2026 subscription revenue guidance of $8.8 billion," said Chief Financial Officer Zane Rowe. Workday expects subscription revenue of $2.16 billion for the second quarter. It also announced a new buyback program to acquire an additional $1 billion worth of shares. The company competes against Oracle (ORCL.N), opens new tab and SAP ( opens new tab in the large enterprise space, both of which have larger overall back-office application businesses. Competition in the human capital and financial management software market is increasing, which could lead to pricing pressure, analysts have said. The U.S. Office of Personnel Management, the federal human resources agency at the heart of billionaire Elon Musk's DOGE efforts to slash the federal workforce, earlier this month canceled a contract it had awarded to Workday. The contract for a new cloud-based HR platform was awarded without seeking bids from rivals. Workday's total revenue for the first quarter, ended April 30, came in at $2.24 billion, compared to estimates of $2.22 billion, according to data compiled by LSEG. It reported subscription revenue of $2.06 billion, while analysts were expecting $2.05 billion. On an adjusted basis, Workday earned $2.23 per share in the quarter, compared with estimates of $2.01 apiece.
CNA
22-05-2025
- Business
- CNA
Workday forecasts lukewarm quarterly subscription revenue, shares fall
Workday forecast second-quarter subscription revenue in line with Wall Street expectations on Thursday, anticipating weakening client spending on its human capital management software due to economic uncertainty, sending its shares down 5 per cent in extended trading. The human capital management industry is grappling with softening spending by enterprise clients due to economic uncertainty that has pressured tech budgets. "We remain focused on executing in this uncertain environment and are reiterating our fiscal 2026 subscription revenue guidance of $8.8 billion," said Chief Financial Officer Zane Rowe. Workday expects subscription revenue of $2.16 billion for the second quarter. It also announced a new buyback program to acquire an additional $1 billion worth of shares. The company competes against Oracle and SAP in the large enterprise space, both of which have larger overall back-office application businesses. Competition in the human capital and financial management software market is increasing, which could lead to pricing pressure, analysts have said. The U.S. Office of Personnel Management, the federal human resources agency at the heart of billionaire Elon Musk's DOGE efforts to slash the federal workforce, earlier this month canceled a contract it had awarded to Workday. The contract for a new cloud-based HR platform was awarded without seeking bids from rivals. Workday's total revenue for the first quarter, ended April 30, came in at $2.24 billion, compared to estimates of $2.22 billion, according to data compiled by LSEG. It reported subscription revenue of $2.06 billion, while analysts were expecting $2.05 billion.
Bloomberg
22-05-2025
- Business
- Bloomberg
Workday Gives Lackluster Growth Outlook Despite New AI Tools
Workday Inc. projected subscription revenue in the current quarter in line with Wall Street estimates, disappointing investors looking for the software company to get a boost from new artificial intelligence features for its products. Subscription sales will be about $2.16 billion in the period ending in July, the Pleasanton, California-based company said Thursday in a statement. The company also affirmed its full-year subscription revenue outlook of $8.8 billion. Subscription revenue, which makes up more than 90% of the software company's total sales, is one of the key metrics watched by investors.
