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Operating Expenses

All articles tagged with #operating expenses

arts2 years ago

"Met Opera Utilizes Endowment to Navigate Economic Downturn"

The Metropolitan Opera has withdrawn nearly $40 million from its endowment to cover operating expenses as it continues to recover from the pandemic. Despite the financial challenges, the company sees signs of improvement, with increased paid attendance, growing interest in Live in HD cinema broadcasts, and a younger audience for contemporary opera. The Met expects substantial cash gifts to replenish the endowment in the coming years and is also seeking a transformative gift to support its recovery efforts.

via The New York Times|
#arts#cash-gifts#endowment-fund
finance2 years ago

"Meta Stock Reaches 28-Month High Amid Top-Line Optimism"

Meta Platforms Inc.'s stock reached its highest close in over two years as analyst James Lee expressed optimism about the company's potential for revenue upside, lower operating expenses, and underappreciated benefits from its Messenger platform. Lee sees a constructive setup for the stock and anticipates broader upside this year, citing quick advertising recovery, strength in holiday shopping, and successful partnerships. He also believes that Meta has flexibility in managing operating expenses and potential for significant revenue growth through its Messenger platform, although the timing of reaching that level of monetization is uncertain.

via MarketWatch|
#advertising#finance#meta-platforms-inc
nonprofitcharity2 years ago

The Profitable Business of Donated Blood: American Red Cross Reveals Its Strategy

The American Red Cross generates over $3.2 billion in operating revenue, with contributions making up only a third of its revenue. The majority of its revenue, around $1.8 billion, comes from selling blood collected from donors to hospitals and medical facilities across the country. The organization does not charge for the blood itself but is reimbursed by hospitals for the costs associated with providing blood products. The American Red Cross spends over $2 billion on collecting blood, which is about $139 million more than the revenue it collects from selling the blood.

via CNBC|
#american-red-cross#biomedical-services#blood-donation
finance2 years ago

Block's Q1 Earnings Report Reveals Strong Growth and Cash App Success (NYSE:SQ)

Square's Q1 earnings beat expectations, but the company deferred some operating expenses to later in the year. The company also expects average spend per active to slow within Cash App, but sees strong growth in inflows per active. The adoption of products on the Cash App Card is leading to greater activity and stronger engagement. Despite targeting a younger audience, Square expects to see strong growth in inflows per active.

via Seeking Alpha|
#cash-app#cash-app-card#finance
business2 years ago

USPS announces stamp price increase to 66 cents.

The US Postal Service has filed a notice to increase the price of first-class mail stamps from 63 cents to 66 cents, effective from July, to offset a rise in operating expenses. The hike would raise the cost of mailing a first-class letter by about 5.4%. The price of domestic and international postcards will also increase. The Postal Service has stated that the price adjustments are necessary to provide the agency with much-needed revenue.

via CNN|
#business#inflation#operating-expenses