Urgent.News

What's breaking now, across thousands of outlets.

Business

+++ Geschäftszahlen +++: Shelly Group steigert Gewinn kräftig und bestätigt Prognose

Sportschuhhersteller On übertrifft Erwartungen dank hoher Nachfrage +++ Henkel hebt Prognose an +++ Jungheinrich verabschiedet sich von 10-Milliarden-Umsatz-Ziel +++ Der Newsblog.

+++ Geschäftszahlen +++: Shelly Group steigert Gewinn kräftig und bestätigt Prognose

Mattel, the toy company behind iconic brands like Barbie and Hot Wheels, announced a significant increase in its profits and reaffirmed its previous earnings forecast. This comes despite the TMTG stock, which has lost nearly 70 percent of its value this year. The decline in share price was largely attributed to the political climate following the Democratic takeover of the House of Representatives and the Senate in the recent elections.

However, Kevin McGurn, interim CEO of Mattel, assured analysts during a conference call that the company's operational performance remains unaffected by the political headlines. The earnings downgrade is set to coincide with a period of personnel changes at Mattel. Roger Lynch, the new board chairman, took over at the beginning of the week, succeeding long-time CEO Ynon Kreiz. Lynch assured that he knows exactly which areas the company should focus on to improve.

Mattel plans to market its brands, such as Barbie, Hot Wheels, and UNO, more aggressively in the entertainment and licensing sectors. This expansion aims to bring growth beyond traditional toy sales. In the last quarter, Airbnb boosted its revenue by approximately 19 percent to $4.87 billion, with earnings per share rising to $3.16 from $2.21 in the previous year.

The number of booked nights and experiences increased globally by 16 percent to 155 million. Airbnb's growth was aided by reduced costs in customer service, as roughly 40 percent of inquiries are now resolved without human intervention.

Airbnb distinguishes itself from competitors such as Booking Holdings and hotel chains like Hilton and Marriott due to its optimism. These latter companies have expressed caution regarding the fourth quarter, citing factors such as high flight prices due to the Iran war and unrest in parts of Europe. Airbnb has stated that they are closely monitoring developments in Europe, the Middle East, and Africa.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Tuesday 10 November →