All posts tagged: profit

Audi admits its £533k Nuvolari supercar – its most expensive yet – will not make a profit

Audi admits its £533k Nuvolari supercar – its most expensive yet – will not make a profit

Published by Daniella Wilson

Get our weekly Drive Smart newsletter for motoring news, reviews and advice from EV editor Steve Fowler Get motoring news, reviews and advice from EV editor Steve Fowler Get our EV editor’s weekly Drive Smart newsletter Audi has admitted its new £533,000 Nuvolari supercar is unlikely to ever turn a profit. Audi designer Stephan Fahr-Becker said that “at best” the car would break even. Only 499 of the hand-built vehicles will be produced, and just 20 will come to the UK. Speaking at the launch of the 987bhp hybrid supercar in Monaco, Mr Fahr-Becker said: “We don’t earn money with this car. If the profit is there, it is going to be minor. “We don’t do it for the profit, but we’re happy to do it because it’s time to do something.” The £533,000 Nuvolari features a twin-turbo V8 with three electric motors, which combine to produce 987bhp. The Audi Nuvolari’s interior has been designed to be easy to get in and out of (Steve Fowler) It is capable of hitting 60mph in just 2.6 …

Shabana Mahmood Says Politicians Should Not “Seek Personal Profit” From Henry Nowak’s Murder

Shabana Mahmood Says Politicians Should Not “Seek Personal Profit” From Henry Nowak’s Murder

Published by Sam Flores

(House of Commons) 3 min read2 hr Home Secretary Shabana Mahmood has said it is wrong for politicians to “seek personal profit” from the murder of Henry Nowak. In a House of Commons statement on Tuesday, Mahmood described the murder as “an act of pure evil”. Nowak, 18, was handcuffed by police and arrested while he lay dying on the ground in Southampton in December. He told the police officers he could not breathe after having been stabbed by Vickrum Digwa. Digwa, 23, falsely claimed to officers on the scene that he had been a victim of a racist attack. On Monday, he was sentenced to life in prison with a minimum term of 21 years for the murder. The case has prompted strong criticism of the police response. The Independent Office for Police Conduct (IOPC), the police watchdog, has initiated an investigation into the conduct of the Hampshire and Isle of Wight Constabulary. Mahmood told MPs that the IOPC would be given the “resources, authority and independence it needs to conduct a “full, fearless and transparent” investigation. …

Florida sues OpenAI, Sam Altman, saying they put profit over safety

Florida sues OpenAI, Sam Altman, saying they put profit over safety

Published by Sam Flores

Florida Attorney General James Uthmeier sued OpenAI and CEO Sam Altman on Monday, accusing the company of putting profit over safety, fueling violence and pushing a product it knew could harm users. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “The rise of OpenAI is attributable to a web of deceit and the exploitation of users (including Floridians), leveraging their data and safety to boost OpenAI’s market value at unacceptable costs,” the complaint reviewed by NBC News and filed Monday said. Florida is the first state to sue OpenAI and Altman over design and safety. The civil action, seeking penalties and a court order rather than criminal charges, said Uthmeier “seeks to hold Altman personally liable for the harm he has caused Floridians through his reckless and willful conduct as founder and CEO of OpenAI, including his utter disregard for the risk to human life caused by his firms’ conduct.” The action is separate from a criminal investigation into OpenAI that Uthmeier opened in late April, which remains …

CBS Now Turning Late Night Profit Thanks to Byron Allen Deal

CBS Now Turning Late Night Profit Thanks to Byron Allen Deal

Published by Daniella Wilson

CBS says that it now expects to turn a $15 million profit on late night, thanks to Byron Allen‘s time buy of the former Late Show timeslot. In a statement late Thursday, a CBS spokesperson said that late night had become “cost prohibitive” to continue programming on its own, which ultimately led to the decision to cancel Stephen Colbert’s Late Show. “We’re proud to partner with Byron Allen on a new business and programming model for late night that proactively addresses a network daypart that was cost prohibitive to continue,” the CBS spokesperson said. “With this ‘time buy’ model, we have shifted an hour that was losing roughly $40 million annually to $15 million in profit — a $55 million swing.” The comments come as Allen’s Comics Unleashed debuted to about 1.1 million viewers, a significant decline from the Late Show, which averaged 2.7 million in its final season. The time buy model, however, means that Allen’s company is covering all the production costs, and paying CBS for the privilege of running in the time period, effectively making …

Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit

Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit

Published by Jenni Sidey

Extending concerns about US consumer weakness – now that the bumper OBBBA tax refund period is over – after yesterday’s earnings by Home Depot and Target, this morning Walmart reported Q1 earnings (the last big company to report, rounding out earnings season) and warned that fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers.  In the latest quarter, the world’s largest retailer said comparable sales in US stores rose 4.1%, excluding fuel, in the latest quarter, slightly better than the 4.0% Wall Street analysts were expecting. That was the good news; the bad news is that this was the slowest growth in comp store sales since 2024; Walmart also forecast adjusted profit for the second quarter that missed analysts’ expectations. That, together with several warnings on the state of the low-income consumer and that prices will rise unless input costs drop slammed shares. The results show that the company continues to gain market share across income levels with its focus on low prices, fast delivery and wide assortment. But the emphasis on …

Anthropic nears first quarterly profit, agrees to pay SpaceX .25 billion monthly for computing power

Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power

Published by Sam Flores

SAN FRANCISCO, May 20 : Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop and deploy artificial intelligence. In recent fundraising materials, the San Francisco-based startup apprised investors that its June quarter sales could reach at least $10.9 billion, more than double its $4.8 billion in revenue for the just-ended March quarter, the person said. That will propel its second-quarter operating profit to an expected $559 million, said the person, on condition of anonymity. The Wall Street Journal reported the figures earlier on Wednesday. Anthropic’s financials underscore how demand for the lab’s Claude AI has jumped, as software developers use the technology to handle their computer programming and some enterprises deploy its top-shelf model Mythos to unearth vulnerabilities in their code. The profit is rare for an AI industry that is grappling with the technology’s high costs. One such expense, in the form of AI’s voracious demand for computing power, was also disclosed on Wednesday in the IPO …

French political title Contexte hits first profit on revenue of €12.9m

French political title Contexte hits first profit on revenue of €12.9m

Published by Sam Flores

Contexte homepage, EU edition on 15 May 2026 After a year of slowing down investment and expansion into the EU market, French policy title Contexte has reached profitability for the first time without subsidies. The French media brand, which launched 12 years ago, reported net profit of €268,000 in 2025, excluding grants, on revenue of €12.9m (up 21%). The title sells itself on a source of “in-depth political news for you to take action on the world”. It says: “We are radically independent and wholly owned by the team. No advertising, no sponsorship and only one revenue model: subscription.” Contexte covers French public policy across eight verticals including: powers (decision-makers and the legislature), energy and tech. It expanded into English-language reporting in 2025. Jean-Christophe Boulanger, CEO and founder of Contexte, said the company’s first decade was just focused on growth – “so we invested everything we could, basically”. Contexte generates 100% of its revenue from subscriptions, with no advertising revenue, and now has 16,000 paying readers spread across 1,700 organisations according to its 2025 accounts. …

Dow Jones CEO: Storyful merger will fuel growth to bn profit

Dow Jones CEO: Storyful merger will fuel growth to $1bn profit

Published by Sam Flores

Dow Jones CEO Almar Latour and Storyful CEO Maria Pacheco. Pictures: Dow Jones Video verification and business intelligence provider Storyful is being integrated into Dow Jones, 13 years after its acquisition by their joint parent company News Corp. Dow Jones chief executive Almar Latour told Press Gazette the addition of Storyful on 29 June would be a “meaningful accelerator on our path to making Dow Jones bigger”. He said it would help the publisher in its current mission to “going deeper, going wider and connecting things”. These three ways of “building out” Dow Jones, he said, will help it get to an EBITDA profit goal of $1bn within five years, up from $588m in 2025. Storyful was founded in Ireland in 2010 and acquired by News Corp in 2013 for around £15m (€18m/$25m) but has since operated as a standalone business. Dow Jones flagship brand The Wall Street Journal was already a customer at the time of the takeover and continues to use Storyful for sourcing, authenticating and licensing user-generated content. Storyful operates a social …

Future reveals it is still heavily reliant on Google as profit falls 67%

Future reveals it is still heavily reliant on Google as profit falls 67%

Published by Sam Flores

Selection of Future plc brand logos from Future website At least 60% of Future plc revenue still comes from brands that rely on Google as a major source of website traffic. Future revealed the scale of its continued reliance on Google as it published its half-year results for the six months to 31 March on Thursday. Revenue was down 8% year on year to £349.1m for the period while profit before tax was down 67% to £18.4m. Operating profit was down 53% to £32.7m and operating profit margin dropped from 18% to 9%. Adjusted EBITDA (earnings before interest, taxation, depreciation and amortisation) was down 24% to £83.3m. Future’s share price rose 11% after the results were published and it currently has a market cap of £280m, down from around £4bn in December 2022. Investors’ Chronicle on Thursday said the shares had risen “but only because things could be worse”. Chief executive Kevin Li Ying said the company has made “meaningful progress” on new revenue sources such as helping brands with optimising to appear in AI …