FastMarket.news

Mastercard Exceeds Q1 Earnings Expectations, Boosts Revenue Forecast

Published 2 hours agoMA
Mastercard Exceeds Q1 Earnings Expectations, Boosts Revenue Forecast

Mastercard delivered robust first-quarter results for 2025, surpassing Wall Street estimates and adjusting its revenue growth projection upward. The company reported an adjusted earnings per share of $3.73, beating analyst expectations of $3.57. According to Reuters, this positive outcome reflects strong consumer spending behaviors and vibrant international transactions.


The financial firm reported a notable 17% year-over-year revenue increase, totaling $7.25 billion. Among the key drivers were cross-border transactions, which surged by 15%, fueled by increased international travel and e-commerce activities. Additionally, revenue from value-added services like threat intelligence and fraud reduction grew by an impressive 18%, now making up more than a third of Mastercard's total revenues.


Looking ahead, Mastercard has revised its annual revenue growth forecast from the previous 'low double-digits' to the 'low-teens' percentage range. This strategic adjustment underscores Mastercard's confidence in continuing its growth trajectory, supported by its strong financial health and resilience in addressing economic fluctuations.

Share this article

Recent Articles

Uber Expands Autonomous Services with Waymo and Cruise Partnerships

Uber Expands Autonomous Services with Waymo and Cruise Partnerships

6 minutes agoUBER

Uber is ramping up its autonomous ride-hailing efforts in Texas, although no partnership with May Mobility has been confirmed for the state. The company has been making significant strides through collaborations with other leading autonomous technology firms, expanding its reach and capabilities within the region. In a notable expansion, Uber joined forces with Waymo in September 2024 to bring autonomous ride-hailing to Austin and Atlanta, starting in early 2025. The partnership will see Waymo's all-electric Jaguar I-PACE vehicles integrated into the Uber app, offering a fully autonomous riding experience. Moreover, Uber has also inked a multiyear strategic partnership with Cruise, a subsidiary of General Motors, to include self-driving cars in Uber's offerings starting this year in an undisclosed city. These partnerships emphasize Uber's dedication to growing its autonomous vehicle service portfolio. Reuters reported these developments as a significant step in Uber's strategy to integrate cutting-edge technology into everyday urban mobility. While May Mobility has been running autonomous vehicles as part of a publicly funded program in Arlington, Texas since 2021, there has been no confirmed deal with Uber in Texas. However, Uber's recent collaborations reflect a strategic move to solidify its position in the burgeoning autonomous vehicle market. The company's continued focus on partnerships with major players in the field highlights its commitment to expanding autonomous ride-hailing services and leveraging next-generation transportation solutions.

U.S. Contracts L3Harris to Retrofit Boeing 747 for Interim Air Force One

U.S. Contracts L3Harris to Retrofit Boeing 747 for Interim Air Force One

51 minutes agoLHX

The U.S. government has awarded L3Harris Technologies a contract to convert a Boeing 747-8 aircraft, formerly in service with the Qatari government, into an interim Air Force One. The retrofit is to be completed with the aim of having the aircraft ready for use by the end of 2025. This decision comes amid delays in the development of new presidential planes by Boeing. This particular Boeing 747-8 is approximately 12 years old and will be modified by L3Harris Technologies to temporarily fill the role of Air Force One. According to Reuters, this move is necessitated by the pushback of the delivery date for the new official fleet, which has been postponed to around 2035 due to ongoing supply chain challenges, financial constraints, and design issues. L3Harris, which already plays a part in providing communication systems for the Air Force One program, will manage the modifications to ensure the aircraft can function alongside the current aging fleet. Boeing's delay in delivering the new Air Force One planes has prompted this interim solution. While Boeing has not commented on this recent development, the decision highlights the pressing need for a reliable presidential aircraft while longer-term innovations are finalized. Reuters noted that this stopgap measure is crucial for maintaining uninterrupted service and readiness for presidential transport.

GM Trims Profit Forecast Due to Tariff Pressures

GM Trims Profit Forecast Due to Tariff Pressures

1 hours agoGM

General Motors (GM) has revised its financial outlook for 2025, reflecting concerns over continued tariff uncertainties. The automaker now expects its adjusted earnings before interest and taxes (EBIT) to fall between $10 billion and $12.5 billion. This is a significant decrease from the earlier projection of $13.7 billion to $15.7 billion, as reported by the Associated Press. The revision comes amid expectations that new automotive tariffs could cost GM between $4 billion and $5 billion, which is nearly a third of its anticipated annual profits. Axios highlighted this potential cost, underscoring the substantial financial impact these tariffs can impose. GM plans to counterbalance these increased expenses by ramping up U.S. production and focusing on cost efficiencies within its electric vehicle sector, striving to absorb about 30% of the tariff impacts without major price hikes. To further mitigate the effects, GM is considering adjustments to its supply chain. This includes a possible shift of some production from Mexico to its Indiana facility, along with a review of its dependency on imports from countries like South Korea, Mexico, and Canada. CEO Mary Barra has emphasized GM's active discussions with the administration to navigate these changing trade dynamics, maintaining the company's flexibility in the face of evolving policies.

Akre Capital Boosts Stake in CoStar Group Amid Strong Performance

Akre Capital Boosts Stake in CoStar Group Amid Strong Performance

1 hours agoCSGP

Akre Capital Management has bolstered its investment in CoStar Group, Inc., a leading provider of commercial real estate information and analytics. The firm increased its stake by 0.75% in the fourth quarter, acquiring an additional 7,168 shares at an average price of $876.98 each. This move reflects Charles Akre's confidence in the company's growth potential. Currently, Akre Capital Management holds 965,961 shares, which constitutes 6.03% of its equity portfolio, ranking CoStar Group as the firm's fifth-largest holding. CoStar Group has shown strong financial results, reporting a Q4 non-GAAP EPS of $0.33 and revenue of $640 million, surpassing Wall Street expectations, as reported by Insider Monkey. The company is a dominant force in the commercial real estate information sector, serving brokers and industry professionals worldwide. CoStar Group's valuation metrics indicate a high price-to-earnings ratio of 125.01, a price-to-book ratio of 6.9, and a price-to-sales ratio of 22.07, according to GuruFocus. These figures highlight the premium investors are willing to pay for the company's growth prospects. CoStar's shares are currently trading at $75.43, with recent market data showing slight upward movement. These developments underscore the positive sentiment surrounding CoStar Group's future potential.