Tencent CEO Pony Ma admits past AI shortcomings, announces turnaround progress with Hy3 preview model, amid Q1 earnings miss due to slowed gaming growth.
MARA Holdings says Bitcoin mining remains the company’s “operational foundation” while it moves to expand into AI.
Coinbase financial chief Alesia Haas said “macro conditions were genuinely tough,” while CEO Brian Armstrong highlighted a plan to diversify beyond spot trading.
Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity.
Alphabet's Q1 earnings reveal Google reached 350 million paid subscriptions, up 25 million from Q4 2025, driven by YouTube and Google One. YouTube ad revenue missed expectations at $9.88B versus $9.99B forecast, though up 11% year-over-year. Overall revenue beat at $109.9B with cloud revenue exceeding $20B. Gemini enterprise users grew 40% quarter-over-quarter.
Robinhood stock fell 9.4% in after-hours trading after Q1 revenue of $1.07 billion missed analyst expectations by 6.1%, while EPS of $0.38 missed by 11.6%. Crypto transaction revenue dropped 47% year-on-year to $134 million, with trading volume falling 48% to $24 billion — the third consecutive quarterly decline. CEO Vladimir Tenev attributed the decline to market price swings but emphasized the company's focus on building crypto infrastructure. The losses were partially offset by Robinhood Predictions, which saw 780% growth to 8.8 billion contracts traded.
