Visa Posts $9.6B Revenue, PayPal & Marathon Outperform Q2 Targets; Spotify Drops 11%


Visa Posts $9.6B Revenue, PayPal & Marathon Outperform Q2 Targets; Spotify Drops 11%
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- Visa, PayPal, and Marathon Digital exceed Q2 earnings expectations, with Marathon posting a 505% income surge. - Spotify's stock drops 11% after missing revenue targets and reporting a net loss. This week, Visa, PayPal, Marathon Digital, and Spotify released their second-quarter earnings reports, which painted a mixed financial picture. Visa, PayPal, and Marathon Digital exceeded analyst expectations, while in contrast, Spotify underwhelmed with its revenue and earnings misses. On July 29, 2025, Cryptopolitan reported that Visa ended its fiscal third quarter on June 30. The company achieved a net revenue of $9.6 billion, a 9% year-over-year growth. An 8% rise in payments volume helped drive non-GAAP earnings per share to $2.76. Despite these strong results, broader market sentiment, rather than company performance, drove a slight after-hours decline in Visa's stock. PayPal also surpassed market expectations in Q2 2025, increasing its revenue by 5.1% to $8.29 billion. The company posted non-GAAP earnings per share of $1.40 and a total payment volume of $443.55 billion. However, rising operating expenses and declining cash flow tempered investor enthusiasm, causing PayPal's stock price to dip after the earnings release. Marathon Digital delivered a standout performance this quarter. The company's revenue soared 64% to $238.48 million, and its net income escalated by a staggering 505% to $808.2 million. Expanded cryptocurrency mining efforts drove this robust profitability, and the company's GAAP earnings per share reached $1.84. In contrast, Spotify's Q2 results lagged behind projections. The company's revenue increased 10% year-over-year to €4.19 billion, and its premium subscribers grew 12% to 276 million. Despite this growth, the streaming giant reported a net loss of €0.42 per share. The revenue shortfall and weaker earnings caused Spotify's stock price to drop by 11%. Market data from 21:15 UTC on July 29 showed Bitcoin (BTC) trading at $117,395.836, representing a 0.542% decline in 24-hour trading volume.
Article Info
Category
Market
Published
2025-07-29 21:22
NFT ID
PENDING
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