Short interest for Embracer Group gives investors a sense of the degree to which investors are betting on the decline of Embracer Group's stock. Short interest data is updated every two weeks.

Embracer Group Stock (OTC:EBCRY), Short Interest Report

Embracer Group AB is a parent company of businesses led by entrepreneurs in PC, console, mobile, and board games and other related media. The Group has an extensive catalog of over 850 owned or controlled franchises. The group has a presence through its eleven operative groups namely THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse and Freemode. Further it holds around 130 internal game development studios.

Entertainment

Gaming

EBCRY

NTDOY

SGAMY

Sony Group Corporation American Depositary Shares

SONY

Discover the most legendary character in gaming as honored by the BAFTA Gaming Awards, surpassing beloved icons like Mario and Sonic.

This Is The Most Iconic Character In Gaming, Surpassing Mario, Hitman, Sonic, Says BAFTA Gaming Awards

News

General

TTWO

Embracer Group Unsponsored ADR (OTCMKTS: EBCRY) announced the divestment this week of Gearbox Entertainment to Take-Two Interactive Software Inc (NASDAQ: TTWO) for $460 million in a deal expected to be finalized by the 

Embracer Group Strikes $460M Stock Deal, Sells Gearbox Entertainment To Take-Two

EMBRACER GROUP AB U/ADR by Embracer Group AB

Embracer Group AB

Former Trump lawyer Michael Cohen was back on the stand Thursday, marking his third day of testimony in a criminal trial against former President Donald Trump <a href="https://www.benzinga.com/general/politics/24/04/38251447/trump-hush-money-trial-preview-key-witnesses-2024-campaign-impact-prison-time-trump-could-face-i">alleging falsified business records.</a>
Here's what Cohen said in court Thursday.
What Happened: Cohen testified throughout the week <a href="https://www.benzinga.com/general/politics/24/05/38803382/trumps-erstwhile-lawyer-testifies-to-former-presidents-involvement-in-hush-money-payment-dont-wo">connecting hush money payments</a> made to adult actress Stormy Daniels being ordered and facilitated by Trump.
On Thursday, Trump's defense attorneys tried to paint Cohen as a liar and criminal in a potential attempt to dissuade the jury from his testimony, as <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-trial-day-18-michael-cohen-live-updates-rcna151900">shared </a>by NBC News.
In a potential win for the defense, Cohen testified Trump was initially worried about the alleged affair with Karen McDougal was set to come out. Cohen said Trump was anxious about his wife and children being hurt by the story.
This could undermine the prosecution's notion in the case that the hush money payments were made to impact the 2016 presidential election.
Cohen was questioned about his relationships with several members of the media. The former Trump lawyer said he was pitched stories by journalists often and would take the ideas to Trump before responding. Cohen said this was a best practice of checking with Trump over just speaking freely with reporters for two reasons.
The former Trump lawyer said he did not ask for a pardon from Trump, but had expressed interest to his lawyer to look into the matter.
"One, it would cause him to blow up at me, and two, it would probably be the end of my job," Cohen said.
Trump's attorney Todd Blanche also tried to paint Cohen as a revenge seeker in the trial after not receiving a role in the White House when Trump was elected. Cohen said previously in testimony that he was hurt not being asked to be involved after the election in the White House. &nbsp;
Cohen said Thursday that ABC offered cash for Daniels' story. Daniels' former lawyer said earlier in the trial that ABC offered the adult actress a post on "Dancing With the Stars" previously.
Cohen also shared Thursday that the nondisclosure agreement with Daniels was never signed by Trump.
Related Link: <a href="https://www.benzinga.com/news/24/05/38822521/michael-cohens-testimony-wins-over-political-experts-this-is-the-day-that-donald-trump-looked-most-l">Michael Cohen&#8217;s Testimony Wins Over Political Experts: &#8216;This Is The Day That Donald Trump Looked Most Like A Criminal&#8217;</a>
 What's Next: Cohen will take the stand again on Monday for cross-examination. The trial will not be in session Friday due to Trump attending his son Barron's high school graduation.
Blanche said his plan is to finish with Cohen&#8217;s examination on Monday before the morning break.
Trump's lawyer would not rule out calling Trump or a mystery witness to the stand on Tuesday.
The multi-week trial began with jury selection April 15 and could last until the end of May, something that Judge Juan Merchan stressed in speed of getting through items on Thursday. Merchan mentioned starting earlier and ending later on some upcoming days.
Similar to other days in the trial this week, Trump was joined by several key supporters including Rep. Matt Gaetz (R-Fla.) and Rep. Lauren Boebert (R-Colo.).
Ahead of Thursday's day in court, Trump again lashed out at the criminal trial being unneeded with "no case, no crime."
"It's a shame what they're doing, what they're doing in terms of suppression and election interference has never been anything like that," Trump said.
Trump told reporters that the trial was "unfair" and that he should be out campaigning for the 2024 presidential election.
Read Next: <a href="https://www.benzinga.com/general/politics/24/05/38626165/hope-hicks-testifies-on-trumps-ex-lawyer-michael-cohens-mr-fix-it-moniker-only-because-he-broke-">Hope Hicks Testifies On Trump&#8217;s Ex-Lawyer Michael Cohen&#8217;s &#8216;Mr. Fix It&#8217; Moniker: &#8216;Only Because He Broke It First&#8217;</a>
Image created using artificial intelligence MidJourney

Politics

Legal

Michael Cohen Says He Never Asked For A Pardon From Trump, Stormy Daniels NDA Never Signed In Third Day Of His Testimony

Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) reported quarterly losses of $(0.04) per ADS. This is a 300 percent decrease over earnings of $0.02 per ADS from the same period last year. The company reported $3.36 million in sales this quarter. This is a 11.30 percent decrease over sales of $3.79 million the same period last year.

Earnings

Intchains Gr Q1 Earnings Per ADS $(0.04) Down From $0.02 YoY, Sales $3.36M Down From $3.79M YoY

Offerings

AES Reports Pricing Of $950M Fixed-To-Fixed Rate Reset Junior Subordinated Green Notes In Public Offering

Significant tax benefits are anticipated for the cannabis industry, following President Joe Biden&#39;s confirmation of the administration&#39;s intent to <a href="https://www.benzinga.com/markets/cannabis/24/05/38880719/biden-announces-monumental-marijuana-rescheduling-doj-to-take-next-steps">reschedule cannabis from Schedule I to Schedule III</a>. This move could alleviate the burdens of IRS tax code 280e, which has prevented cannabis companies from deducting normal business expenses. Which&nbsp;cannabis companies will&nbsp;benefit the most?
<h2>Leading The Pack In Tax Payments</h2>
Rescheduling cannabis will eliminate the burdensome 280E tax code, potentially freeing up over a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">billion dollars in tax breaks</a> for the industry. Among the companies <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482521/curaleaf-and-trulieve-lead-the-pack-in-tax-payments-a-look-at-16-cannabis-msos-liab">poised to benefit the most</a> are Curaleaf (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>) and Trulieve (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>), given their significant tax contributions.
According to Pablo Zuanic, a senior analyst from Zuanic &amp; Associates, these tax savings could lead to<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/34153665/cannabis-tax-changes-could-trigger-504-cash-flow-leap-which-industry-players-will-b"> enhanced cash flows</a>, enabling these companies to reinvest in growth and expansion.
Zuanic has consistently highlighted the disparity between current market valuations and the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38803783/will-pharma-and-healthcare-have-competitive-edge-in-cannabis-post-rescheduling-data">potential upside</a>, particularly if federal legalization occurs. He emphasizes that immediate cash flow improvements could lead to&nbsp;substantial revaluation of these companies. By enabling the deduction of ordinary business expenses, the financial statements of these companies would more accurately reflect their true profitability.
<h3>Curaleaf&#39;s Financial Landscape</h3>
Beacon Securities&#39; Russell Stanley <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38772876/cannabis-reports-highlight-339m-and-297-6m-revenue-insights-in-curaleaf-and-truliev">notes</a>&nbsp;that&nbsp;Curaleaf&#39;s operating cash flow management, which facilitated a debt repurchase post-quarter, improving its financial stability. The expected rescheduling of cannabis and potential enactment of the SAFER Banking Act would&nbsp;create a financial landscape for Curaleaf, potentially increasing the company&#39;s operating cash flow by 92% and free cash flow by 188%.
Wedbush Securities released a<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38828563/largest-cannabis-co-curaleafs-1-5b-projected-revenue-for-2025-analyst-raises-rating"> report</a> on Curaleaf, raising the stock&#39;s 12-month price target to $7.00 from $6.00 and maintaining a buy recommendation. Their report notes Curaleaf&#39;s performance in key domestic markets such as Connecticut, Arizona, Maryland, and New York, anticipating revenue to increase to $1.50 billion in 2025&nbsp;with improvements in profitability.
<h3>Trulieve&#39;s Growth Potential</h3>
Needham&#39;s Matt McGinley<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38772876/cannabis-reports-highlight-339m-and-297-6m-revenue-insights-in-curaleaf-and-truliev"> highlights </a>Trulieve for its operational efficiency, noting that the company achieved the highest gross margin and EBITDA rates observed in over two years. He points to significant potential for growth in revenue stemming from legislative advancements in key markets like Florida and Pennsylvania, which may transition to adult-use cannabis.
<h3>Analyst Outlook On Industry Impact</h3>
Viridian Capital Advisors also provides an outlook, noting that ten MSOs surpassed EBITDA estimates by $37 million in the first quarter of 2024. This performance indicates that initial projections may have been<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38805354/analysts-may-need-to-revise-cannabis-stock-projections-for-2024-10-companies-surpas"> too conservative</a>. Analysts from Viridian highlight that Curaleaf and Trulieve, among others, are positioned to benefit from the financial changes resulting from the <a href="https://www.benzinga.com/markets/cannabis/24/05/38603896/credit-check-what-does-dea-rescheduling-mean-for-cannabis-credit-ratings-big-companies-risk-retu">removal of 280E</a>.
&ldquo;We are long-term bullish. Just on the US market alone, we could justify over $110 billion valuations by around 2030 assuming federal legalization,&rdquo;&nbsp;Zuanic <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">said</a>.&nbsp;&ldquo;The tax savings would flow straight to the bottom line. If we take 10x on those savings, the upside for most stocks would be significant; in most cases, the value creation would be greater than the respective stocks&rsquo; market cap.&quot;
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h2>Deep Dive: Key Data On Curaleaf And Trulieve</h2>
<h3>Curaleaf Holdings, Inc.</h3>
The <a href="https://www.benzinga.com/markets/cannabis/24/05/38748891/curaleaf-reports-q1-2024-revenue-of-339m-48-gross-margin-amid-strategic-global-expansion">latest earnings reports</a> and data from Benzinga Pro reveal the following key metrics for Curaleaf Holdings, Inc.:
<ul>
<li>Market capitalization: $4.161 billion</li>
<li>Q1 2024 revenue: $339 million</li>
<li>Adjusted gross margin: 48%</li>
<li>Net loss: $48.3 million</li>
<li>Adjusted EBITDA: $77 million</li>
<li>Total assets: $3.083 billion</li>
<li>Total liabilities: $1.948 billion</li>
<li>Long-term debt: $475.627 million</li>
<li>Current ratio: 0.719</li>
<li>Free cash flow for the quarter: $25.675 million</li>
<li>Revenue over the trailing twelve months (TTM): $1.353 billion</li>
<li>Gross profit margin: 47.47%</li>
</ul>
<h3>Trulieve Cannabis Corp.</h3>
The <a href="https://www.benzinga.com/markets/cannabis/24/05/38730627/medical-marijuana-giant-trulieve-backer-of-floridas-recreational-cannabis-ballot-narrows-loss-re">latest earnings reports</a> and data from Benzinga Pro reveal the following key metrics for Trulieve Cannabis Corp.:
<ul>
<li>Market capitalization: $2.232 billion</li>
<li>Q1 2024 revenue: $298 million</li>
<li>Gross profit margin: 58.4%</li>
<li>Net loss: $23 million</li>
<li>Adjusted EBITDA: $106 million</li>
<li>Total assets: $2.819 billion</li>
<li>Total liabilities: $1.428 billion</li>
<li>Long-term debt: $478.614 million</li>
<li>Current ratio: 4.994</li>
<li>Free cash flow for the quarter: $118.652 million</li>
<li>Revenue over the trailing twelve months (TTM): $1.142 billion</li>
</ul>
Photo: AI-Generated Image.&nbsp;

Cannabis

Government

Market Summary

Mid Cap

Regulations

Exclusives

Markets

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

TCNNF

Finally, Tax Refunds! These Cannabis Companies Will Get The Most Money Back If Rescheduling Happens

Business Insider's Emily Stewart may not have just written the Peloton Interactive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) <a href="https://www.businessinsider.com/peloton-earnings-stock-price-problems-ceo-leaves-layoffs-fitness-fads-2024-5">obituary</a>, but her assessment indicates that the exercise bike company is about to <a href="https://www.benzinga.com/news/earnings/24/05/38595998/peloton-stock-falls-after-worse-than-expected-q3-results-new-co-ceos-restructuring-plan">kick the bucket</a>.
What Happened: Stewart&#8217;s article, which came out on Wednesday, outlines why the workout equipment maker is headed "to the fitness fad graveyard." Now, it's no secret that Peloton's stock has struggled. While the SPDR S&amp;P 500 Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and overall market hit new <a href="https://www.benzinga.com/markets/asia/24/05/38880380/dow-jones-hits-40-000-chinese-tech-stocks-jump-to-15-month-highs-bloodbath-on-meme-stocks-whats-driv">all-time highs this week</a>, Peloton's stock traded down more than 97% from its highs and more than 83% lower than what it opened at in the fall of 2019.&nbsp;
Stewart, a Peloton user herself, points out that some of the company's problems were brought on by unfortunate circumstances. 
Work-from-home and at-home workouts created a pull-forward effect for Peloton. But bike demand subsided quicker than the company could ramp up production. The fitness industry also has a habit of welcoming one workout trend after another. Eventually, they become fads. As Stewart puts it: Jazzercise, Zumba, CrossFit, Pilates, Cardio Barre, &#8220;or, well, you get the point&#8230; Fitness is a lot like fashion."
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38884870/major-indexes-close-in-the-red-dow-falls-below-40-000-as-investors-make-u-turn-on-economic-outlo">Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook</a> Why It Matters: Peloton&#8217;s market capitalization currently hovers at around $1.44 billion (it was $49.3 billion in January 2021). That may be concerning for the private equity suitors that are reportedly circling the struggling company. 
Another concern is the fact that the CEO tasked with turning the company around, Barry McCarthy, is <a href="https://www.benzinga.com/news/24/05/38583550/peloton-ceo-barry-mccarthy-resigns-as-company-decides-to-downsize-by-15-no-other-way-to-bring-its-sp">already leaving</a> after joining in 2022.
Whether it's failing to <a href="https://www.benzinga.com/23/08/34077528/peloton-falls-short-as-it-continues-to-work-on-rebranding-and-expanding">attract new customers</a>, cut into market share with new products, or keep legacy users engaged, Peloton clearly has some growth issues outside of its valuation and stock performance.
Price Action: The New York-based company&#8217;s share price closed Thursday at $3.89, down 4.42%. Now Read: <a href="https://www.benzinga.com/general/24/04/38160627/planet-fitness-has-been-pretty-much-destroyed-says-company-founder-amid-speculation-on-boycott-cance">Planet Fitness Has Been &#8216;Pretty Much Destroyed,&#8217; Says Company Founder Amid Speculation On Boycott Cancellations</a>
Image: Shutterstock

PTON

The $2,000 Bike That Can't Move: Is The Peloton Fad Officially Over?

The Company currently expects to file the Form 10-Q on or before May 20, 2024, the prescribed due date under the five calendar day extension period provided under Rule 12b-25.
The Company expects to report revenue of approximately $10,000 for the quarter ended March 31, 2024, compared to revenue of approximately $3.6 million previously reported for the quarter ended March 31, 2023.
The Company expects to report net loss of approximately $3.1 million for the quarter ended March 31, 2024 compared to net loss of $4.3 million for the quarter ended March 31, 2023.

IONM

Assure Holding Files Non-Timely 10-Q With SEC; Says Requires Additional Time To Finalize Its Financial Statements To Be Filed

AT&T Says Each Of The 11 Nominees To Board Were Re-elected To One-Year Term

Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) has outperformed the market over the past 15 years by 18.47% on an annualized basis producing an average annual return of 31.08%. Currently, Crocs has a market capitalization of $8.62 billion. 
Buying $100 In CROX: If an investor had bought $100 of CROX stock 15 years ago, it would be worth $5,613.04 today based on a price of $142.01 for CROX at the time of writing.
<h3>Crocs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715895027_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

CROX

Here's How Much You Would Have Made Owning Crocs Stock In The Last 15 Years

Motorola Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) has outperformed the market over the past 10 years by 7.71% on an annualized basis producing an average annual return of 18.54%. Currently, Motorola Solns has a market capitalization of $61.11 billion. 
Buying $100 In MSI: If an investor had bought $100 of MSI stock 10 years ago, it would be worth $550.83 today based on a price of $366.41 for MSI at the time of writing.
<h3>Motorola Solns's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715895022_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Motorola Solns Stock In The Last 10 Years

Blackwells Capital LLC, a shareholder of Braemar Hotels &amp; Resorts Inc., today responded to Braemar&#39;s attacks on Blackwells&#39; track record as an advocate for public company shareholders. 
&nbsp;

Blackwells Capital Issues Response To Braemar Chairman Monty J. Bennett's Campaign

The Cybertruck was officially released by Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in November 2023 after years of anticipation and<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36032944/cybertruck-delivery-event-elon-musk-highlights-teslas-best-product-says-finally-the"> strong reservation estimates.</a>
Here's a look at how the Tesla electric vehicle stacks up to other electric pickup trucks already on the market.
What Happened: Tesla doesn't currently<a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival"> break out sales</a> for the Cybertruck like it does other popular EV models like the Model Y and Model 3, referring to all other vehicles as "Other Models" currently.
A new third-party S&amp;P Global Mobility report shows how many Cybertrucks were registered in its fourth month since launch and how that stacks up to rivals.
According to the report, which was <a href="https://www.autonews.com/sales/new-tesla-cybertruck-beats-rivian-r1t-march-registrations?">shared </a>by Automotive News, there were 1,158 registrations for the Cybertruck in the month of March in the U.S.
This figure trails leader F-150 Lightning from Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), which had 2,893 registrations over the same time period.
While Tesla didn't pass the F-150 Lightning, it passed the R1T from Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), which had 548 registrations in the same time period.
The Chevrolet Silverado EV from General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) had 319 registrations in the U.S. for March. The GMC Hummer EV, also from GM, had 192 registrations in March in the U.S.
"In its fourth month, the Cybertruck had over a thousand registrations and outsold the R1T by more than two to one," S&amp;P Global Mobility associate director of industry analysis Tom Libby said. "And frankly, I'm a little bit surprised.&#8221;
Libby said given the Cybertruck being a "very unique" vehicle, he was surprised it turned in that kind of volume so quickly.
First-quarter registrations were the following according to the report:
F-150 Lightning: 8,589, +51% year-over-year
Cybertruck: 1,791, N/A
R1T: 1,786, -56%
Silverado: 803
Hummer EV: 400
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
 Why It's Important: The Cybertruck launch was one of the most widely anticipated vehicle releases of all time. Third-party estimates said there were over<a href="https://www.benzinga.com/news/23/12/36184372/tesla-cybertruck-early-reservation-spots-fetch-big-bucks-on-ebay-would-you-pay-10k-to-get-yours-asap"> two million reservations.</a>
Tesla has confirmed over one million reservations for the Cybertruck.
Tesla CEO Elon Musk <a href="https://www.benzinga.com/news/23/01/30595045/are-cybertruck-expectations-too-high-in-2023-musk-says-i-wouldnt-put-too-much-thought-in-start-of-pr">previously preached caution</a> on the initial production and delivery figures for the Cybertruck until production was ramped up.
While the Cybertruck is still not at full production, it is already in second place and beating other models that have been on the market for years.
Many expect the Cybertruck to be the bestselling electric pickup truck for years and based on the data it could be a matter of time.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/38683524/rivian-q1-earnings-highlights-revenue-beat-eps-miss-vehicle-guidance-reaffirmed">Rivian Q1 Earnings Highlights: Revenue Beat, EPS Miss, Vehicle Guidance Reaffirmed</a>
Photo: Shutterstock

RIVN

TSLA

Is Cybertruck The Electric Truck Bestseller? Not Yet: How The Edgy Tesla EV Stacks Up To Ford, Rivian, GM

<ul>
<li>The company announced five-year targets through fiscal year 2029 that include:
<ul>
<li>4-6%&nbsp;organic sales growth CAGR &nbsp;&nbsp;</li>
<li>27%&nbsp;adjusted segment operating margin, an increase of 200 basis points from the previous target</li>
<li>28%&nbsp;adjusted EBITDA margin, an increase of 300 basis points from the previous target</li>
<li>17%&nbsp;free cash flow margin, an increase of 100 basis points from the previous target</li>
<li>10%+ adjusted earnings per share CAGR</li>
</ul>
</li>
</ul>

Guidance

Parker Hannifin Unveils Five-Year Targets Through FY29 That Include 4-6% Organic Sales Growth CAGR

Ubisoft Entertainment SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UBSFF#OTC">UBSFF</a>) announced the arrival of Skull and Bones Season 2, citing a &#8220;tremendous response&#8221; from the community following the<a href="https://www.benzinga.com/general/entertainment/23/02/31014807/too-many-games-too-little-time-ubisoft-addresses-delays-and-cancellations"> game&#8217;s launch. </a>
Despite initial concerns about low player numbers, Ubisoft expressed gratitude for the engagement and feedback received since the game&#8217;s release in February. 
See Also: <a href="https://www.benzinga.com/general/gaming/24/05/38569868/assassins-creed-mirage-coming-to-iphone-15-pro-ipad-in-june">Assassin&#8217;s Creed Mirage Coming To iPhone 15 Pro, iPad In June</a>
The company highlighted the active participation of players through various channels, including social media, Discord and Reddit.
Season 2, titled &#8220;Chorus of Havoc,&#8221; aims to enhance the end-game experience with features like Ship Upgrades, Fleet Management and Helm Leases.
These additions will offer players more customization options and streamline resource management. Additionally, new PvE and Solo Game Modes will diversify gameplay experiences.
"It is thanks to your incredible engagement, that we were able, throughout Season 1, to observe, listen, understand, and more importantly react to your feedback on a weekly basis,&#8221; the company said in a blog post. &#8220;Our commitment continues to remain the same — to create and update our game together, with our community. This wouldn&#8217;t have been possible without the passion and dedication you&#8217;ve shown to Skull and Bones."
The seasonal model of Skull and Bones introduces new challenges and rewards, with each season bringing fresh content and antagonists to the Indian Ocean setting. 
Players who reached significant milestones in Season 1 will receive rewards, such as cosmetic sets and in-game items, to kickstart their journey in Season 2.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/04/38169087/ubisoft-accidentally-leaks-star-wars-outlaws-release-date-special-editions-and-more">Ubisoft Accidentally Leaks Star Wars Outlaws Release Date, Special Editions And More</a>
Photo: Courtesy of Ubisoft.

UBSFF

Ubisoft Unveils Skull And Bones Season 2: What To Expect

Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has reaffirmed that Grand Theft Auto VI (GTA 6) is set for release in the fall of 2025, dispelling <a href="https://www.benzinga.com/general/gaming/24/03/37919460/will-grand-theft-auto-6-get-pushed-to-2026-rockstar-in-office-mandate-could-delay-release">rumors of a potential delay to 2026. </a>
The updated release window was confirmed in Take-Two&#8217;s latest earnings report, where the company reported its fourth-quarter and full fiscal year 2024 earnings, revealing a $2.9 billion loss for the period from Jan. 1 to March 31.
See Also: <a href="https://www.benzinga.com/general/gaming/24/05/38741688/gta-6-website-teaser-reveals-upcoming-screenshots-cover-art-sending-fans-into-a-frenzy">GTA 6 Website Teaser Reveals Upcoming Screenshots, Cover Art, Sending Fans Into A Frenzy</a>
&#8220;We do feel highly confident that we&#8217;ll deliver [Grand Theft Auto VI] in fall of 2025,&#8221; Take-Two CEO Strauss Zelnick <a href="https://www.ign.com/articles/grand-theft-auto-6-release-date-take-two-interactive">told</a> IGN in an interview. 
However, Take-Two remains non-specific about the release date beyond &#8220;fall 2025.&#8221; 
In dialogue <a href="https://variety.com/2024/gaming/news/grand-theft-auto-6-release-date-fall-2025-take-two-earnings-1236006589/">with</a> Variety, Zelnick said: &#8220;I think we&#8217;re going to leave it there for now.&#8221; 
&#8220;That [announcement] will come from Rockstar and be consistent with the way they are marketing the title,&#8221; he added.
Rockstar Games, a subsidiary of Take-Two, officially revealed GTA 6 last December. The <a href="VIDEO: Check Out The Epic Recreation Of GTA 6 Trailer In Real Life">announcement trailer</a> quickly became the most-viewed video game reveal on YouTube within 24 hours.
The release date has been a topic of intense discussion among fans, with speculation fueled by website updates and internal conflicts at Rockstar regarding their return-to-office policy. Despite these issues, both Take-Two and Rockstar remain committed to the fall 2025 release.
GTA 6 will be available on PS5 and Xbox Series X/S at launch, with a PC version expected to follow later.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/02/37078755/florida-joker-now-wants-to-voice-gta-6-after-legal-threats-im-the-reason-the-game-is-so-hyp">Florida Joker Now Wants To Voice GTA 6 After Legal Threats: &#8216;I&#8217;m The Reason The Game Is So Hype&#8217;</a>
Photo: Shutterstock

GTA 6 Set For Fall 2025 Launch, Take-Two CEO Reveals: Announcement Will Be 'Consistent' With Marketing Plan

<div>Falcon&#39;s Beyond consolidated net income increased by&nbsp;$123.8 million&nbsp;to&nbsp;$114.0 million&nbsp;for the three months ended March 31, 2024, compared to&nbsp;($9.9)&nbsp;million loss for the three months ended March 31, 2023, primarily driven by a&nbsp;$118.6 million&nbsp;gain from change in fair value of earnout liabilities.</div>

FBYD

Falcon's Beyond Reports Q1 Consolidated Revenue Of $1.516M, Down From $9.19M Last Year

Hollysys Automation Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLI#NASDAQ">HOLI</a>) reported quarterly Adj earnings of $0.07 per share. This is a 65 percent decrease over earnings of $0.20 per share from the same period last year. The company reported $173.47 million in sales this quarter. This is a 3.48 percent increase over sales of $167.64 million the same period last year.

Hollsys Automation Technologies INTERNATIONAL

HOLI

Hollysys Automation Tech Q3 Adj EPS $0.07 Down From $0.20 YoY, Sales $173.47M Up From $167.64M YoY

Prior to joining Jacobs, he served as the CFO at Cirrus Logic (NASD:CRUS

Management

CRUS

Jacobs Names Venk Nathamuni As New CFO, Effective June 3, 2024

Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares are trading higher in Thursday&#8217;s after-hours session after the company announced a new partnership <a href="https://www.benzinga.com/news/24/05/38809935/openai-just-dropped-gpt-4o-and-these-10-examples-show-it-could-completely-change-ai-chatbot-game">with OpenAI</a>.
What To Know: In a new blog <a href="https://www.redditinc.com/blog/reddit-and-oai-partner">post</a>, Reddit and OpenAI announced a partnership that will give OpenAI&#8217;s ChatGPT access to Reddit threads and enable Reddit users to use new AI-powered features. The two companies will also collaborate on advertising.
Under the partnership, OpenAI will bring Reddit content to ChatGPT and other related products, which is expected to help users discover and engage with Reddit communities. OpenAI will gain access to Reddit&#8217;s Data API, which will enable OpenAI&#8217;s tools to better understand and display Reddit content, especially on recent topics.
The partnership will also see new AI-powered features come to the Reddit platform. Reddit said it will be building on OpenAI&#8217;s platform of AI models to bring its own &#8220;powerful vision to life.&#8221; OpenAI will also become a Reddit advertising partner.
&#8220;We are thrilled to partner with Reddit to enhance ChatGPT with uniquely timely and relevant information, and to explore the possibilities to enrich the Reddit experience with AI-powered features,&#8221; said Brad Nightcap, COO of OpenAI.
Reddit co-founder Steve Huffman added that giving ChatGPT access to Reddit data upholds the company&#8217;s belief in a connected internet. He expects the new partnership to help new audiences find communities on Reddit.
RDDT Price Action: <a href="https://www.benzinga.com/quote/RDDT">Reddit shares</a> were up 10.21% after-hours at $62.06 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38834052/google-is-6-months-behind-chatgpt-parent-openai-in-artificial-intelligence-but-about-5-years-ahe">Google Is 6 Months Behind ChatGPT-Parent OpenAI In Artificial Intelligence But &#8216;About 5 Years Ahead Of Everyone Else,&#8217; Says Gene Munster</a>
Photo: Shutterstock.

Contracts

After-Hours Center

Movers

Tech

RDDT

Reddit Stock Pops On Partnership With OpenAI: The Details

S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) has outperformed the market over the past 10 years by 7.91% on an annualized basis producing an average annual return of 18.74%. Currently, S&amp;P Global has a market capitalization of $137.06 billion. 
Buying $1000 In SPGI: If an investor had bought $1000 of SPGI stock 10 years ago, it would be worth $5,646.77 today based on a price of $438.02 for SPGI at the time of writing.
<h3>S&amp;P Global's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715893228_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SPGI

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $5,600 Today

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 5 years by 14.22% on an annualized basis producing an average annual return of 27.25%. Currently, Reliance has a market capitalization of $17.12 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 5 years ago, it would be worth $3,412.64 today based on a price of $298.06 for RS at the time of writing.
<h3>Reliance's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715893223_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

								Get Alert
EBCRY	EMBRACER GROUP AB ADR - Unspon	05/09/2024	—	—	500	1,712	1	Get Alert
EBCRY	EMBRACER GROUP AB ADR - Unspon	03/26/2024	—	—	45	2,100	1	Get Alert
EBCRY	EMBRACER GROUP AB ADR - Unspon	03/11/2024	—	—	40	1,228	1	Get Alert