Check out the companies that make headlines in the midday deal. Warner Music Group – Entertainment stocks rose 3% after Citi, which was purchased from neutral. Citi analyst Jason Bazinet said Warner Music’s multiple multiples are “well below” of its peers. Roku – Stocks accounted for nearly 14% after streaming companies reported the results in the fourth quarter to beat analysts’ expectations. Roku’s revenue was $1.2 billion and lost 24 cents per share. Analysts expect to lose 40 cents per share on revenue of $1.14 billion. The company also said households using its platform grew 12% year by year in 2024. Airbnb – The stock rose 14% after travel companies surpassed expectations in the fourth quarter. Airbnb’s revenue was $2.48 billion, at 73 cents a share. Analysts surveyed by the LSEG vote estimate profit per share of 58 cents and revenue of $2.42 billion. Twilio – Cloud Communications shares fell nearly 14% under its weak revenue guidance. Twilio expects first-quarter revenue to range between 88 cents and 93 cents per share, while analysts surveyed by LSEG had earnings of 99 cents per share. GameStop – Sources familiar with the matter told CNBC that video game retailers are considering investing in bitcoin and other cryptocurrencies, with Meme stock rising more than 5%. Still, GameStop is determining whether this makes sense for the company’s business, a source said. Wynn Resorts – Casino stocks soared 10% after the fourth quarter results exceeded estimates. Wynn reported adjusted revenue per share of $2.42, with revenue of $1.84 billion. According to Factset, analysts earned $1.27 per share, with revenue of $1.77 billion. Macau and Las Vegas have stronger net income than expected. Applied Materials – Chipmakers fell nearly 7% after releasing a revenue outlook that exceeded expectations, masking better than expected quarterly results. Palo Alto Networks – Free cash flow results for cybersecurity companies fell 3% in the most recent quarter, below estimates. Palo Alto reported $509.4 million in its second quarter free cash flow, while analysts voted $694.9 million through Factset forecasts. To be sure, the company did beat the top and bottom line estimates. DraftKings – Stocks soared nearly 11% after sports bookmakers added the lower end of full-year revenue guidance. Now, it forecasts revenues between $6.3 billion and $6.6 billion, raising that point to $6.45 billion. Analysts who voted for LSEG expect full-year revenue of $6.39 billion. Meanwhile, DraftKings’ fourth-quarter results did not meet analysts’ estimates. Weride – China’s autonomous driving technology soared about 80% after NVIDIA revealed the company’s holdings of $25 million in shares, according to 13F regulatory filings. Coinbase -Crypto Marketplace fell nearly 7% despite early revenue forecasts. Coinbase reported revenue of $2.27 billion in revenue of $4.68 per share, while analysts from LSEG’s conduct on LSEG expect earnings per share of $1.81 and revenue of $1.88 billion. Godaddy – Godaddy released a 13% lighter revenue guide in the first quarter. The online domain-registered company expects revenue to be between $1.175 million and $1.195 billion in the first quarter, with the low-end lower than the fact-set consensus estimates of $1.19 billion. – CNBC’s Fred Imbert, Lisa Kailai Han, Alex Harring, Yun Li, Sean Conlon and Jesse Pound contributed reports
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