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Sunrate, a fintech company, reached $100 million in revenue while staying profitable. Didi Global, a Chinese ride-hailing leader, posted a net income of $14.7 million in the third quarter, marking its first profit since 2021. The company also plans to buy back $1 billion worth of shares. EnBW more than doubled its 9-month adjusted net profit. Brex's annualized revenue surged 45% to $279 million in the second quarter, but growth stalled after that. Klarna, a Swedish pay-later group, generated $12 million of pre-tax profit in the third quarter, a significant turnaround from a roughly $200 million loss a year earlier.
On @Breakingviews: After a long spell of red ink, CEO Sebastian Siemiatkowski said that Klarna was in the black. The company generated $12 million of pre-tax profit in the third quarter, a huge turnaround from a roughly $200 million loss a year earlier, explains @KarenKKwok https://t.co/smAMDUbGNj
On @Breakingviews: The Swedish pay-later group is profitable after a long spell of red ink. But to get an uplift on Klarna’s last $7 billion valuation, it will have to persuade public investors to value it like a fintech, not a bank, @KarenKKwok argues https://t.co/MMuBCQMpNY https://t.co/Znm7qAga8i
Internal data: Brex had Q3 annualized net revenue of $283M, up 1% QoQ, and the company is far from profitable, as the growth spurt after SVB's collapse fizzles (@matousekmark / The Information) https://t.co/zG3Ysj4pqs https://t.co/T4BxUJbx9u
Brex’s annualized revenue surged 45% to $279 million in the second quarter, due to a post-SVB flood of customers, but growth stalled after that. https://t.co/ZtehaJhYgb By @matousekmark
Didi: strong result gives IPO hopeful a ticket to ride https://t.co/mVVbXRZgkz | opinion
Didi posts first quarterly profit since ill-fated New York IPO amid recovery in Chinese ride-hailing market https://t.co/BC1CHuJwK5 via @scmpnews
Klarna's and Affirm's very good week - TechCrunch https://t.co/u382JJPjNd
Didi: strong result gives IPO hopeful a ticket to ride https://t.co/YeATtLgoa8
In 50 Words: Sunrate posts $100m annualized revenue while staying profitable https://t.co/kmdkTtwiXU
Chinese ride-hailing leader Didi Global posted its first profit since 2021, sustaining its gradual recovery ahead of a 2024 Hong Kong listing. https://t.co/nincYtgwcI
Didi reports Q3 revenue up 25% YoY to ~$7B, a ~$14.7M net income, up from a ~$274M loss in Q3 2022, and plans to buy back $1B in shares over the next 24 months (Reuters) https://t.co/KyzX8qSLRe 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/dH10kOiiod
EnBW more than doubles 9-month adjusted net profit https://t.co/KA5Ejfeofy https://t.co/v5r1KRy84v
Here’s how Sunrate got (and stayed) in the black https://t.co/1vlx5gUIIv
In 50 Words: Didi Global rebounds with $14.7m profit, plans $1b share buyback https://t.co/VdpJ5RydmQ
China's #Didi posts first quarterly #profit since 2021 as regulatory woes ease Didi Global reported net income attributable to shareholders of 107 million yuan ($14.66 million) in the three months ending September 30. https://t.co/7r6luYZvUA
Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO https://t.co/4aGa3tNhqv
Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO https://t.co/l2HVM6s48D
Didi Posts First Profit Since 2021 Ahead of Landmark HK IPO https://t.co/C3hVAUmZcI
China's Didi swings to third-quarter profit, to buy-back $1 bln worth of shares https://t.co/Py5N9EGGsv https://t.co/C8Qm1mwJmy
How Sunrate built a profitable $100m fintech business https://t.co/JvUc5tQjPv
How Sunrate reached $100m revenue while staying profitable https://t.co/pF8nOwngkW