Connect with us

Business

Sea Stock: Many Positive Offsets For The Shopee Profitability Problem (NYSE:SE)

Published

on

Sea Stock: Many Positive Offsets For The Shopee Profitability Problem (NYSE:SE)

This article was written by

With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

New research into the impact of horse racing on the Welsh economy

Published

on

Business Live

The independent research is being undertaken by Arad on behalf of the British Horseracing Authority

A general view of Chepstow Racecourse(Image: Alan Crowhurst/Getty Images)

New independent research has been commissioned to evaluate the contribution of the horse racing industry to the Welsh economy.

The assessment, which will look at direct and indirect inputs, will be undertaken by Cardiff-based research consultancy Arad for the British Horseracing Authority (BHA).

Advertisement

The study is the first ever assessment of the impact of the sport on the Welsh economy. The project, which is being financially supported by Arena Racing Company (ARC) and Chester Race Company (CRC), will involve surveys of stakeholders and businesses within the Welsh horse racing community and spectators attending meetings on Welsh racecourses over the remainder of the summer.

While the last remaining greyhound track in Wales, at Ystrad Mynach, is being closed following legislation, there is no suggestion that the new Plaid Cymru Cardiff Bay administration is considering seeking to ban horse racing in Wales.

As well as the impact of racecourses in Wales, such as Chepstow, Bangor-on-Dee and Ffos Las, the research will also assess the contribution of betting. The overall economic impact is expected to run into tens of millions of pounds per year.

Greg Swift, director of communications and corporate affairs at the BHA, said: “We’re delighted to commission Arad Research to carry out this important work on behalf of the thriving and historic horse racing industry in Wales.

Advertisement

“The sport is undoubtedly an economic and cultural powerhouse in Wales. But we want clear evidence to present to the Government that shows the significance of the industry across the country and the role it plays in growing regional economies and communities.

“The survey is crucial to supporting the research and the economic evidence, so we are asking Welsh racing and breeding businesses to support and contribute to Arad’s work and help us demonstrate to policy makers the essential role horse racing plays in Wales.”

Arad director Hefin Thomas, said: We’re pleased to have been commissioned to undertake this important research which will examine the economic contribution of horse racing in Wales. This will include consideration of the direct impact of activities at Chepstow, Ffos Las and Bangor-on-Dee racecourses as well as wider economic impacts throughout the sector and supply chain.”

Regional director with Arena Racing Company, whose racecourse portfolio includes Chepstow and Ffos Las, Phil Bell, said: “We very much look forward to working with Arad, our colleagues at BHA, Bangor on Dee Racecourse and everyone across the world of Welsh horse racing to make sure that we can show exactly what a success story our sport is, and how important it is to a wide range of communities in Wales.”

Advertisement

Chief executive of Chester Racing Company – which owns Bangor-on-Dee Racecourse – Louise Stewart ,said: “We feel that it is really important for Bangor-on-Dee Racecourse to collaborate with the BHA and other Welsh racecourses to support this research project.

“Horse racing plays a significant role in Wales, supporting jobs, attracting tourism and generating economic activity in communities. While we witness its impact in the North Wales economy, robust evidence is vital to ensuring the industry’s value is fully understood as we continue to work closely with government.

“We look forward to the findings of the report, which will help showcase the contribution our racecourses make to the sporting and economic landscape of Wales. Just as importantly, it will provide valuable insights to help shape the future growth and success of the industry.”

Advertisement
Continue Reading

Business

Micron Shares Surge Nearly 15% as Samsung’s Record Profits Point to a Deepening Chip Shortage Through 2028

Published

on

Earnings News: Micron Technology Inc (NASDAQ: MU)

Shares of Micron Technology surged 14.77% in Thursday morning trading, climbing $109.16 to $848.16, as the memory chipmaker’s stock staged one of its sharpest single-day rebounds in weeks after rival Samsung Electronics reported record quarterly profits and warned that the global memory chip shortage fueling those results is likely to persist well into 2028.

The rally followed Samsung’s full second-quarter 2026 earnings release, which confirmed that DRAM and NAND flash memory sales remained at all-time highs during the quarter. Samsung reported operating profit of 89.5 trillion won, beating the 88.13 trillion won analysts had expected, with robust artificial intelligence demand continuing to drive growth across the company’s memory chip business. For Micron, the only major U.S.-based memory chipmaker and a direct competitor to Samsung in both DRAM and NAND products, the results served as powerful third-party confirmation that the artificial intelligence-driven memory supercycle remains firmly intact.

Thursday’s rebound came after a rough stretch for Micron shares, which had fallen more than 25% over the four trading sessions leading up to Thursday, dropping nearly 20% during that window before Thursday’s sharp reversal. The stock’s rally Thursday morning was part of a broader surge across the memory and storage chip sector, with SanDisk climbing 22%, Western Digital jumping 18%, Seagate Technology gaining 16%, and SK Hynix’s U.S.-listed shares rising nearly 15% as well. The Roundhill Memory ETF, which tracks the broader memory and storage sector, rose 13% during the same session.

HSBC analyst Alastair Pinder pointed to competing narratives within the artificial intelligence investment community as a key factor behind the sector’s recent volatility. According to one theory Pinder described, high profit margins at Micron and similar memory companies have drawn the attention of Chinese manufacturers, who are positioning to flood the global market with lower-cost, mass-produced memory chips in an effort to undercut established pricing and capture market share from incumbent producers. The recent initial public offering of Chinese DRAM manufacturer ChangXin Memory Technologies, known as CXMT, which raised $8.5 billion in cash to fund production expansion, has been cited as evidence supporting that competitive threat narrative. CXMT’s stock market debut proved dramatic in its own right, surging 531% on its first day of trading and instantly becoming one of mainland China’s largest publicly traded companies amid the broader global memory supply crunch.

Advertisement

Despite the competitive concerns tied to Chinese manufacturers, Wall Street’s broader outlook on Micron has remained decisively positive in recent days. Multiple analyst firms lifted their price targets on the stock to a range of roughly $1,500 to $1,700 per share while maintaining buy or outperform ratings, with consensus price targets clustering around $1,568 to $1,581. Bank of America added Micron to its US 1 List, designating the stock as one of the bank’s highest-conviction investment ideas within the U.S. equity market. Analysts have also pointed to Micron’s expanding roster of strategic partnerships, including new agreements in AI-enabled automotive applications, as providing the company with longer-term visibility into future demand for its memory and storage products.

Not every recent development surrounding Micron has been positive. The company faces an ongoing legal investigation from the law firm Scott+Scott following a consumer class-action lawsuit filed in late June alleging price-fixing within the memory chip market, a development that continues to weigh on sentiment among some investors monitoring regulatory risk tied to the stock. Separately, Micron Chief Executive Sanjay Mehrotra disclosed a stock sale of approximately $37.3 million in late July, a transaction that some market watchers have flagged as an additional factor for sentiment-focused traders to monitor even as the company’s underlying business performance has remained strong.

Micron’s stock has posted extraordinary gains over the trailing 12-month period despite its recent volatility, having surged 637% over the past year, according to recent market data. The stock’s 52-week range spans from a low of $103.38 to a high of $1,255.00, illustrating the scale of the swings that have characterized Micron shares throughout the current artificial intelligence-driven memory chip boom.

Micron has continued expanding its commercial partnerships beyond the memory chip sector’s traditional customer base in recent months. The company signed strategic agreements with both Ford and General Motors during the summer, aimed at strengthening long-term memory supply arrangements and securing production capacity for the automotive sector’s growing use of memory chips in increasingly software-defined and AI-enabled vehicles.

Advertisement

With memory chip prices continuing to climb amid what Samsung has now signaled could be a shortage persisting through 2028, and Micron shares having demonstrated their capacity for both sharp declines and dramatic rebounds within the same trading week, investors are likely to continue closely monitoring both the competitive threat posed by expanding Chinese memory chip production capacity and the durability of current pricing trends as key factors shaping the stock’s trajectory in the months ahead.

Continue Reading

Business

Shield Therapeutics signals it is on track for profitability

Published

on

Business Live

The pharma firm has appointed Michael Jensen as chief financial officer

Shield Therapeutics' lead product Accrufer is used to treat iron deficiency in adults.

Shield Therapeutics’ lead product Accrufer is used to treat iron deficiency in adults.(Image: Shield Therapeutics)

Iron deficiency drugs specialist Shield Therapeutics says it is on track for profitability this year as it was spurred by higher partner royalties.

The pharmaceuticals firm – which has part of its operation on Tyneside – said first half revenues increased to $30.4m (£22.6m) from $21.5m (£15.9m) as it saw 21% growth in prescriptions across the period. Shield was also helped by a $7.9m (£5.8m) payment milestone from its Chinese distribution partner ASK.

Second quarter trading was softer with a fall in group net revenue to $11.9m (£8.8m), compared with $14.3m (£10.6m) in the same period last year. Nevertheless, bosses told investors there had been strong growth in the commercial segment in that time.

Accrufer, the group’s flagship tablet for fighting iron deficiency, saw net revenues of $10.3m (£7.6m) in Q2. That was down on $12.8m (£9.5m) in the same period last year, though Accrufer saw increased prescriptions dispensed of about 49,000, compared with 47,000 in Q2 2025.

Advertisement

Shield executives also gave updates on efforts to secure regulatory approval for its products in various countries. In Japan, partner Medleap Pharma saw its first patient enrolment for phase two clinical trial for Accrufer as a drug to treat pulmonary arterial hypertension. And in the UK and EU, there was progress in approving its drugs for paediatric patients of 12 years-old and older.

Launch of the “indication extension” – a formal regulatory process – for paediatric patients of 10 and older was received in the US in April. Bosses also said Shield’s attendance at global conferences BIO-Europe and BIO US resulted in discussions with potential partners.

Meanwhile, Shield also announced the appointment of Michael Jensen as chief financial officer, joining the company from September 1. He is said to bring more than 20 years’ of executive financial leadership experience in the biopharmaceutical, medical device, and healthcare sectors.

Mr Jensen joins Shield from StimLabs, where he served as chief financial officer, and previously held CFO positions at Synlogic and Intrinsic Therapeutics. Earlier in his career, he held senior finance leadership roles at Novo Nordisk, Novartis, and Siemens Healthcare Diagnostics.

Advertisement

Anders Lundstrom, chief executive officer, said: “We are pleased with the significant growth in our largest business segment, commercial, which represents two-thirds of total revenue, alongside strong overall prescription growth. Our prior experience in Texas, pivoting from Medicaid to commercial, gives us confidence in this strategy.

“I am also excited to welcome Michael Jensen as our new CFO. His experience will strengthen our leadership team and support the financial and operational transformation as we drive toward profitability in 2026.”

Continue Reading

Business

What Is an MPPT Inverter: Everything You Need to Know

Published

on

What Is an MPPT Inverter: Everything You Need to Know
Small businesses fitting solar panels, heat pumps and insulation in homes across the UK say they are owed thousands of pounds by the country's biggest energy suppliers, as a £1.3 billion-a-year government subsidy scheme draws to a close.

What is MPPT inverter?

An MPPT inverter (Maximum Power Point Tracking inverter) is a type of solar inverter that continuously adjusts operating conditions to extract the maximum possible power from solar panels. Unlike conventional inverters, it doesn’t simply convert DC to AC—it actively “hunts” for the optimal operating point where your solar array performs at its peak.

At a glance, that might sound like a minor optimization. But in real-world solar systems—where sunlight fluctuates, temperatures shift, and loads vary—this capability can significantly increase energy yield. So the real question is not what an MPPT inverter is, but why it makes such a difference in actual deployments.

 Core Concept (What “MPPT” actually means)

Solar panels don’t produce constant power. Their output is inherently variable and influenced by multiple environmental and electrical factors, including sunlight intensity, ambient temperature, and load conditions. As a result, the voltage and current generated by a panel are always shifting.

At any given moment, there exists a specific combination of voltage and current where the panel delivers its highest possible power output. This is known as the Maximum Power Point (MPP)—essentially the “sweet spot” of performance.

An MPPT inverter continuously tracks this point in real time. Instead of operating at a fixed voltage like traditional systems, it dynamically adapts to ensure that the solar panels are always working as efficiently as possible. Think of it as a smart optimizer that refuses to settle for “good enough” when “maximum output” is achievable.

Advertisement

How it works

The working principle behind MPPT is grounded in a simple but powerful electrical relationship:

P=V×IP = V \times IP=V×I

Where power (P) is the product of voltage (V) and current (I). The challenge is that increasing voltage may decrease current, and vice versa. So how do you find the optimal balance?

An MPPT inverter solves this by continuously adjusting voltage and current, testing different operating points, and identifying where the product of the two—power—is maximized. This process is not static; it occurs thousands of times per second through sophisticated algorithms such as Perturb & Observe or Incremental Conductance.

Advertisement

In practical terms, the inverter is constantly asking: “Can I get more power if I slightly tweak the voltage?” If the answer is yes, it keeps adjusting in that direction. If not, it shifts course. This rapid feedback loop ensures that even under changing weather conditions—like passing clouds or rising temperatures—the system maintains optimal performance.

 MPPT vs PWM: What makes MPPT inverter different

When evaluating solar technologies, one of the most common comparisons is between MPPT and PWM (Pulse Width Modulation). While both are used in solar charge control, their efficiency and functionality differ significantly—especially in larger or more complex systems.

Below is a high-quality comparison table to clearly illustrate the differences:

Feature MPPT Inverter PWM Controller
Efficiency 95%–99% (very high) 70%–85% (moderate)
Operating Principle Tracks maximum power point dynamically Operates at fixed voltage
Energy Harvest Maximizes power output from panels Loses excess potential power
System Compatibility Suitable for high-voltage systems Limited to smaller systems
Performance in Low Light Excellent Poor
Cost Higher upfront cost Lower cost
Scalability Highly scalable Limited scalability
ROI Over Time Higher due to efficiency gains Lower due to energy loss

What does this mean in practice? If you’re running a residential or commercial solar installation where efficiency directly impacts ROI, choosing PWM over MPPT could mean leaving a significant amount of energy—and money—on the table. The upfront savings may look attractive, but the long-term trade-off often isn’t worth it.

Advertisement

How to connect an MPPT charge controller to an inverter

Connecting an MPPT charge controller to an inverter is a relatively straightforward process, but it requires a clear understanding of system architecture. Typically, the solar panels are first connected to the MPPT charge controller, which regulates the DC power and optimizes output. This power is then stored in batteries (in off-grid or hybrid systems) before being fed into the inverter, which converts it into usable AC electricity.

The key is ensuring compatibility between voltage levels, battery capacity, and inverter specifications. Improper configuration can lead to inefficiencies or even system damage.

Key Functions of MPPT Inverters in Real Systems

In real-world solar deployments, MPPT inverters do far more than just optimize power output—they act as the central intelligence layer of the system. This is especially evident in advanced systems such as hybrid inverter low frequency solutions, where stability, surge capacity, and intelligent energy management are critical for both grid-tied and off-grid scenarios. One of their primary functions is maximizing energy harvest under fluctuating environmental conditions. Whether it’s partial shading, temperature variation, or inconsistent sunlight, the inverter ensures that performance remains as close to optimal as possible.

Another critical function is voltage regulation. Solar panels often produce voltages that exceed what batteries or loads can safely handle. MPPT inverters step this voltage down efficiently while preserving power, which is particularly important in off-grid and hybrid systems.

Advertisement

They also enable system flexibility. For example, in large-scale installations, multiple strings of panels can operate at different voltages and still be optimized independently through MPPT channels. This is especially useful in complex rooftops or industrial environments where uniform panel orientation isn’t always possible.

Additionally, modern MPPT inverters often integrate with energy management systems, enabling real-time monitoring, remote diagnostics, and even predictive maintenance. This transforms the inverter from a passive device into an active control hub within the solar ecosystem.

Where MPPT Inverters Used?

MPPT inverters are widely deployed across a range of applications, each benefiting from their ability to maximize efficiency and adaptability.

In industrial solar power systems, where energy demand is high and operational efficiency directly impacts profitability, MPPT technology ensures that every watt generated is utilized effectively. Large manufacturing facilities, for instance, rely on stable and optimized power output to maintain continuous operations.

Advertisement

Commercial rooftops are another major application area. Buildings with complex layouts or partial shading conditions benefit greatly from MPPT’s dynamic tracking capabilities. Instead of suffering performance losses due to suboptimal panel positioning, these systems maintain high efficiency throughout the day.

Off-grid energy systems perhaps gain the most from MPPT inverters. In these scenarios, combining MPPT technology with a low frequency hybrid inverter allows for better handling of heavy loads, higher surge tolerance, and more stable long-term operation in remote environments. In remote locations where energy resources are limited and reliability is critical, maximizing solar output is not just beneficial—it’s essential. Whether it’s a rural electrification project or a standalone cabin, MPPT ensures consistent energy availability.

Agricultural solar pumps also rely heavily on MPPT technology. Water pumping requirements vary throughout the day, and solar conditions are rarely constant. MPPT inverters allow these systems to operate efficiently even under changing sunlight conditions, ensuring reliable irrigation.

Finally, in energy storage and hybrid systems, MPPT inverters play a crucial role in balancing power generation, storage, and consumption. They ensure that batteries are charged efficiently while also supplying stable power to loads or the grid.

Advertisement

Why is Investing in MPPT Solar Inverters the Right Move?

Investing in an MPPT solar inverter is not just a technical upgrade—it’s a strategic decision. While the initial cost may be higher compared to simpler alternatives, the long-term benefits often far outweigh the upfront expense. In fact, this decision becomes even more compelling when viewed against the backdrop of rapid global solar expansion and increasing demand for high-efficiency energy systems.

According to the International Energy Agency, solar power is now the fastest-growing source of electricity worldwide, and renewables are expected to account for over 90% of global electricity demand growth between 2025 and 2030 . This means that efficiency is no longer optional—it is central to competitiveness in modern energy systems.

First, there is the undeniable advantage of higher energy yield. Over the lifespan of a solar system, even a 10–20% increase in efficiency can translate into substantial financial returns. This is particularly relevant for commercial and industrial users where energy consumption is significant. As global solar deployment accelerates, the value of every additional kilowatt-hour becomes more pronounced. In 2025 alone, global solar installations surged dramatically, with hundreds of gigawatts of new capacity being added within a single year, reflecting the scale at which efficiency improvements can compound financial returns .

Moreover, technological advancements continue to push efficiency boundaries. For example, next-generation solar modules have already achieved conversion efficiencies above 25% in laboratory conditions, setting new industry benchmarks . As Martin Green from the University of New South Wales noted:

Advertisement

“High-efficiency technologies may start at a higher cost, but their prices tend to fall rapidly with industry adoption.”

This trend reinforces a critical point: investing in efficiency-driven components like MPPT inverters aligns with the broader trajectory of the solar industry.

Second, MPPT inverters offer greater system flexibility and scalability. Second, MPPT inverters offer greater system flexibility and scalability. This becomes even more valuable in systems designed with off grid inverter parallel configurations, where multiple units can be connected to expand capacity without compromising efficiency or system stability. As energy needs grow or system configurations change, MPPT-based setups can adapt more easily without requiring complete redesigns. This flexibility is increasingly important in a market where solar investment is scaling rapidly. The global solar sector attracted approximately $450 billion in investment in 2025, making it the largest area of energy investment worldwide . In such a capital-intensive environment, systems that can scale efficiently without costly retrofits offer a clear economic advantage.

Third, they enhance system reliability. By continuously optimizing performance and preventing inefficient operating conditions, MPPT inverters reduce stress on system components, potentially extending their lifespan. This is particularly critical as solar becomes a core part of national energy infrastructure. In the United States alone, solar power generated approximately 388.8 TWh of electricity in 2025, demonstrating its growing role in maintaining grid stability and energy supply . With systems operating at such scale, reliability is no longer a secondary concern—it is fundamental.

Advertisement

And perhaps most importantly, they future-proof your investment. The global energy system is undergoing a structural shift toward renewables, with solar at the center of this transition. Forecasts indicate that renewable energy will supply up to 43% of global electricity by 2030, nearly doubling its share within a decade . At the same time, the market for ultra-efficient solar technologies is projected to grow rapidly, reaching $28.5 billion in 2026 with a CAGR of over 15% .

What does this mean for decision-makers? It means that systems built today must be optimized not just for current performance, but for future energy landscapes defined by higher efficiency standards, smarter grids, and more dynamic demand patterns.

In this context, choosing an MPPT inverter is not simply about improving performance—it is about aligning with where the entire industry is heading. When efficiency, scalability, and long-term ROI are all considered together, the real question becomes: can a modern solar system afford to operate without intelligent optimization?

So the real question becomes: Can you afford not to use MPPT technology in a modern solar installation? Now click for solar inverter wholesale!

Advertisement

 FAQs of MPPT inverter

Is an MPPT inverter necessary for all solar systems?
Not necessarily, but for most medium to large systems, it is highly recommended. Smaller systems with minimal power demands may use PWM controllers, but they sacrifice efficiency.

How much more efficient is MPPT compared to PWM?

Typically, MPPT systems are 15%–30% more efficient, depending on environmental conditions and system design.

Can MPPT inverters work in cloudy weather?

Advertisement

Yes, and this is where they truly shine. They continuously adjust to extract the maximum available power even under low-light conditions.

Are MPPT inverters compatible with battery storage systems?

Absolutely. In fact, they are commonly used in hybrid and off-grid systems where battery integration is essential.

Do MPPT inverters require maintenance?

Advertisement

They generally require minimal maintenance, but regular system checks and monitoring are recommended to ensure optimal performance.

Continue Reading

Business

US economy grew 1.5% in second quarter, Commerce Department estimates

Published

on

Businesses can begin filing for tariff refunds as US unwinds Trump-era import duties

This story about the advance estimate of second-quarter GDP will be updated with further details.

U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department’s advance estimate.

Advertisement

The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 1.5% in the three-month period including April, May and June. 

That figure was below the 2.1% growth estimate of economists polled by LSEG.

It comes after the U.S. economy grew at a rate of roughly 2.1% in the first-quarter of 2026. Last year, the U.S. economy grew at an annualized rate of 4.4% in the third quarter and 0.5% in the fourth quarter, which contributed to a growth rate of about 2.1% for 2025 as a whole.

The BEA reported that the main categories that contributed to the rise in real GDP in the second quarter were increases in consumer spending, investment and exports – which were partly offset by a decrease in government spending. Imports increased in the second quarter.

Advertisement

The increase in investment was primarily due to increases in equipment and intellectual property products. Equipment increases were widespread and led by industrial, transportation and information processing equipment, while the rise in intellectual property products was mainly related to software and research and development.

Those gains were partly offset by decreases in private inventory investment, particularly wholesale trade, and nonresidential manufacturing structures.

A revised estimate of second quarter GDP is scheduled to be released in late August, while the final revision will be published at the end of September.

Advertisement
Continue Reading

Business

Stellantis swings to profit on rising demand in North America

Published

on

Stellantis swings to profit on rising demand in North America

A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025.

Eva Marie Uzcategui | Bloomberg | Getty Images

Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America as the company showed tentative signs of benefitting from CEO Antonio Filosa’s turnaround plan.

Advertisement

The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted second-quarter net profit of 293 million euros ($335.3 million), versus a loss of 1.87 billion euros a year earlier.

Adjusted operating income more than tripled in the second quarter to 773 million euros in the April to June period, from 213 million euros a year earlier. That was below an analyst consensus estimate from Reuters of 914 million euros, however.

Milan- and New York-listed shares of Stellantis fell sharply on the news, with shares in Italy falling more than 8% before paring losses. U.S. shares were off roughly 3% during trading Thursday morning.

Even with posting a profit, Wall Street analysts Thursday questioned why there wasn’t more growth for the company in the U.S. after significant price cuts and the launch of new models such as the Jeep Cherokee SUV.

Advertisement
Stock Chart IconStock chart icon
hide content

Milan-listed shares of Stellantis so far this year.

Filosa said the Cherokee, which is made in Mexico, is ramping up production but the company is intentionally limiting some models due to U.S. tariff costs, which are expected to add at least 1 billion euros this year.

“It is very exposed to tariffs. So we are balancing volumes with profit generation,” he said of the Cherokee during the company’s quarterly earnings call. “We are doing that by limiting some trims and mixing on the highest and more profitable trims.”

Advertisement

Filosa many times noted that his FaSTLAne 2030 turnaround plan is well underway, but the “road is long” and the company needs time for the strategy to fully take hold.

Stellantis posted industrial free cash flows of 1 billion euros at the end of June, comfortably beating Citi’s forecast of 600 million euros.

Analysts at the Wall Street bank said that while this figure reflects improved operating performance, the auto giant’s adjusted operating income margin remains at a “very low” level of 1.8%.

Positive free cash flow is obviously welcome, analysts at Citi said in a research note to clients. “Nevertheless, we expect investors will await more evidence of positive operating performance before revisiting STLA,” they added.

Advertisement
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Business

Danone to ‘press the acceleration button’ on innovation

Published

on

Danone to ‘press the acceleration button’ on innovation

The company’s North American brands will see changes this year and next. 

Continue Reading

Business

Riviana Foods expands pulse, whole grain ingredients line

Published

on

Riviana Foods expands pulse, whole grain ingredients line

Company launches flour gels and extruded micropellets.

Continue Reading

Business

Gritzy debuts flagship stone-ground grits

Published

on

Gritzy debuts flagship stone-ground grits

The product is available in two varieties.

Continue Reading

Business

NBCUniversal-YouTube deal could jumpstart next streaming wars chapter

Published

on

NBCUniversal-YouTube deal could jumpstart next streaming wars chapter

A general view of the Peacock logo on a microphone during the BIG EAST Women’s Basketball Tournament Championship game between the UConn Huskies and the Villanova Wildcats on March 9, 2026 at Mohegan Sun Arena in Uncasville, CT.

Erica Denhoff | Icon Sportswire | Getty Images

NBCUniversal’s announcement this week that it’s struck a content deal with YouTube Premium could jumpstart a new chapter of the streaming wars — one that could be titled, “Aggregation.”

Advertisement

Under the agreement, which starts early next year, YouTube Premium subscribers in the U.S. will get Peacock Premium baked into their subscription. Peacock content, including wildly popular shows like “Love Island USA” and the Real Housewives franchise, will be available directly via YouTube — as will NBC’s portfolio of live sports like the NFL and NBA.

At launch, YouTube Premium’s $15.99-per-month price won’t change. Customers will get Peacock Premium content for no additional charge.

Get the CNBC Sport newsletter directly to your inbox

The CNBC Sport newsletter with Alex Sherman brings you the biggest news and exclusive interviews from the worlds of sports business and media, delivered weekly to your inbox.

Subscribe here to get access today.

Advertisement

YouTube Premium — the platform’s subscription, ad-free video product — is separate from YouTube TV, its bundle of live TV networks. The company says there are 125 million global users of YouTube Premium. It doesn’t break out U.S. subscribers.

The deal cements a new strategy for NBCUniversal — agreeing to a streaming wholesale deal with a distribution partner that ingests Peacock content. NBCU did a similar deal with Apple TV late last year, but that bundle required customers to opt into the offering, at a cost of $14.99 per month as opposed to $12.99 per month just for Apple TV. The YouTube deal allows its existing subscriber base to get access to all Peacock content instantly without paying any more money.

NBCU’s decision to allow Peacock content to appear on other streaming services could serve as a template for other media companies that similarly decide they’re willing to partner with other streaming services.

“Other strategies are a little more walled gardens,” Comcast co-CEO Mike Cavanagh said during the company’s earnings conference call last week, referring to other media companies. “Our approach is to build great businesses that serve our own platforms, but look for opportunities to partner.”

Advertisement

Mike Cavanagh and Donna Langley at the 81st Golden Globe Awards held at the Beverly Hilton Hotel on Jan. 7, 2024 in Beverly Hills, California.

Elyse Jankowski | Golden Globes 2024 | Getty Images

The point of the deal for NBCU, which is set be to spun off as a separate publicly traded company from Comcast next year, is to get Peacock in front of more eyeballs. There’s a large, younger audience that spends most of its “TV” time on YouTube. Now these people can stumble upon NBCU programming in their viewing ecosystem of choice – translating into more advertising revenue. 

For YouTube, the deal means a more robust subscription offering in Premium. This may help YouTube in its quest to buy more live sports rights. The company lost out to Netflix to stream several live NFL games earlier this year. 

Advertisement

Still, it remains to be seen how quickly NBCU will strike deals with other platforms. The risk in striking these sorts of deals is the potential to cannibalize a company’s own subscriber base by making the content available elsewhere. NBCU executives felt YouTube offered the right deal economics to assuage those concerns, according to people familiar with the matter.

Aggregator vs. aggregated

The NBCU-YouTube deal could help set a precedent for future streaming distribution deals.

Both Netflix and Disney are considering striking wholesale deals with other media companies to bring fresh content onto their streaming services, according to public comments and media reports.

ESPN Chairman Jimmy Pitaro spoke to his interest in this concept on stage at CNBC’s Game Plan conference earlier this month.

Advertisement

“As a part of a bundle or a partnership with a third party, we are very much focused on including the content or ingesting it within the ESPN app,” Pitaro said. “It’s like going back full circle to the pay TV bundle. There’s almost no friction. It’s all right there. It’s one app or one service and one username and password.”

ESPN has already struck a deal with the CW to ingest its sports into ESPN’s recently launched standalone streaming app. 

Yet, so far, NBCU hasn’t been satisfied with offers for ingesting its content from Netflix or Disney – or the potential overlap among existing subscribers — according to the people familiar with the matter, who spoke on the condition of anonymity because the conversations were private.

Jimmy Pitaro, CEO of ESPN, speaking at the CNBC Game Plan Summit in New York City on July 16th, 2026.

Advertisement

Shea Kastriner | CNBC

If the first stage of the streaming wars was media companies launching their own services, and the second was about getting them to profitability, the third iteration of this battle is poised to be about aggregation.

Netflix, Disney, YouTube and Amazon are clear aggregators. They all already have the size and scale to reach hundreds of millions of viewers.

If Paramount Skydance and Warner Bros. Discovery come together as they’ve been attempting to, they’ll clearly be in that camp, as well.  

Advertisement

But if the Paramount-WBD deal doesn’t happen — held up by a state-led antitrust challenge — both companies probably fall into the licensing camp, alongside NBCU. That would really jumpstart the re-evolution of the cable bundle, as Pitaro suggested.

Fox, which announced its acquisition of Roku last month, could find itself on either side of the equation. Its streaming service, Fox One, doesn’t have the scale of the biggest streaming services, but Roku gives Fox a large aggregation platform if it wants to move in that direction. 

CNBC Sport: ESPN's Jimmy Pitaro outlines the network's next era
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Trending

Copyright © 2025