business trip

Q3 Revenue Up in Sixt’s ‘Best Quarter in History’


Rental car and mobility services provider Sixt has posted what it called “by far” the best quarterly result in the company’s history, with consolidated operating revenue in the third quarter of 2021 up 2.2 percent from pre-pandemic levels. 

The company reported third-quarter earnings before taxes of €253.2 million, a fourfold increase on the same period last year (€66 million) and up 72.8 percent from the third quarter of 2019. At €795.2 million, revenue was 73 percent higher than the same quarter in 2020 and 2.2 percent higher than 2019.

Furthermore, Sixt said it already has earned more in the first nine months of 2021 than it did in the full-year 2019, at €317.4 million versus €308.2 million, respectively.

Sixt said it has benefitted from strong demand for mobility that continued into the autumn, particularly in the U.S. and European markets, along with an increase in market prices throughout the car rental industry caused by a shortage of new vehicles.

According to the company, as well as leisure travel, business travel has “also shown a clear recovery”, with global B-to-B revenue in August and September higher than the levels seen in the same period of 2019. 

Sixt said strategic growth measures implemented during the pandemic had a particularly positive effect on its performance, with the company pointing to the U.S. as a high-growth market. In the nine months ending Sept. 30, Sixt reported U.S. sales reached €413.1 million, an increase of 11.3 percent from 2019 and double sales seen in 2020. 

According to Sixt, it is now the fourth-largest car rental company in the U.S., with 94 locations.

The company said it benefitted from a “long summer season” in Europe, with high demand continuing into the autumn. Third-quarter revenue in the region (excluding Germany) grew 82.3 percent year over year to €386.7 million. Germany grew at the “slightly more subdued pace” of 24.1 percent to €233.1 million, which Sixt attributed to the slow restart of business travel in the country.

Sixt recently increased its full-year forecast to earnings of between €390 million and €450 million.



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Sixt posts ‘best quarter in history’


Mobility services provider Sixt has posted what it calls “by
far” its best quarterly result in the company’s history, with consolidated
operating revenue in the third quarter of 2021 up 2.2 per cent on pre-pandemic
levels.

The company has reported earnings before taxes (EBT) of €253.2
million for the third quarter, a fourfold increase on the same period last year
(€66 million) and up 72.8 per cent on the third quarter of 2019, Sixt’s previous best year. At €795.2
million, revenue was 73 per cent higher than the same quarter in 2020 and 2.2
per cent higher than 2019.

Furthermore, Sixt said it has already earned more in the
first nine months of 2021 than it did in the whole of 2019 (€317.4 million
versus €308.2 million respectively).

Sixt said it has benefitted from strong demand for mobility
that continued into the autumn, particularly in the US and European markets,
along with an increase in market prices throughout the car rental industry caused by a shortage of new vehicles.

According to the company, as well as leisure travel,
business travel has “also shown a clear recovery”, with global B2B revenue in
August and September higher than the levels seen in the same period of 2019.

The company said it benefitted from a “long summer season”
in Europe, with high demand continuing into the autumn. Revenue in the region
(excluding Germany) grew 82.3 per cent year on year to €386.7 million in the
third quarter. Germany grew at the “slightly more subdued pace” of 24.1 per
cent to €233.1 million, which Sixt attributes to the slow restart of business
travel in the country.

Sixt said its strategic growth measures implemented during
the pandemic had a particularly positive effect on its performance, with the
company pointing out the US as a high-growth market. In the nine months to 30
September, Sixt reported that sales had reached €413.1 million, an increase of
11.3 per cent on 2019’s numbers and double those seen in 2020.

According to Sixt, it is now the fourth-largest car rental
company in the US with 94 locations.

Sixt recently increased its full year forecast to earnings
of between €390 million and €450 million.

Professor Dr Kai Andrejewski, chief financial officer of
Sixt, commented: “Sixt is able to benefit more from the current market
situation in the European and US rental industry than our competitors and thus
further improve its market position. This is not least due to the fact that we
also invested during the corona crisis and thus anti-cyclically and
consistently implemented our internationalisation and digitalisation strategy.”



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Marriott reports continued recovery in third quarter | News


Marriott International has reported an operating income of $545 million in the 2021 third quarter, compared to 2020 third quarter reported operating income of $252 million.

Reported net income totalled $220 million in the 2021 third quarter, compared to 2020 third quarter reported net income of $100 million.

Reported diluted earnings per share (EPS) totalled $0.67 in the quarter, compared to reported diluted EPS of $0.31 in the year-ago quarter.

The hotel giant said third quarter 2021 comparable systemwide constant dollar RevPAR increased 118 per cent worldwide, 135 percent in the United States and Canada, and 76 per cent in international markets, when compared to the 2020 third quarter.

Anthony Capuano, chief executive of Marriott International, said: “We were pleased to see continued meaningful improvement in global trends in the third quarter, despite the impact of the Delta variant of Covid-19 during the second half of the quarter.

“For the quarter, worldwide RevPAR was down 26 per cent compared to the 2019 third quarter, a significant improvement from the second quarter RevPAR decline of 44 per cent compared to the same quarter in 2019.

“Third quarter occupancy topped 58 per cent, driven largely by continued strength in leisure demand.

“Average daily rate, which was only four percent below 2019 levels for the quarter, has been recovering much more quickly than in the past two downturns.”

He added: “Most of our regions saw considerable improvement in RevPAR in the third quarter compared to the second quarter.

“In our largest region, the United States and Canada, third quarter RevPAR came in 20 per cent below the same quarter in 2019, compared to down 40 per cent in the second quarter versus the same quarter in 2019.

“Europe saw a dramatic rise in demand in the quarter, as many key international borders opened, with 2021 RevPAR compared to 2019 improving to down 44 per cent from down 77 per cent in the second quarter.

“ADR for the region trailed third quarter 2019 levels by just five per cent.”





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Travel news live: Latest updates as quarter of amber list travellers ignore Covid rules


Nearly a quarter of amber arrivals to the UK haven’t been following the government’s Covid-19 rules, according to new research.

Some 23 per cent of travellers either didn’t self-isolate for 10 days as required or failed to complete the prescribed set of two PCR tests on days two and eight of quarantine, the Office for National Statistics (ONS) found.

The UK’s national statistical institute surveyed 848 travellers who arrived in the country between 12-17 July, only to find that 41 per cent misunderstood the rules or were unsure of them.

Meanwhile, Heathrow Airport has been crippled by “unacceptable” queues at passport control.

Heathrow said that Border Force, which manages the checkpoint at the airport, knew there would be extra demand and said they were “very disappointed” that they did not have enough staff on duty on Friday night.

Follow the latest travel news below:

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World Cup qualifier stopped as players accused of flouting travel rules

Brazilian health officials ran onto the pitch at São Paulo after only a few minutes of play, to apprehend Argentinian footballers who belong to English Premier League clubs – accusing them of breaching quarantine rules.

Aston Villa’s Emiliano Buendia and Emiliano Martinez and Tottenham’s Cristian Romero and Giovani Lo Celso were the four Argentinian players accused of flouting travel restrictions to play in the match.

The FCDO advice makes it clear that Brazil has suspended permission for foreigners (including Argentinians) who have been in the UK during the previous 14 days.

Even if special permission to enter is granted, travellers must quarantine for two weeks.

On return to the UK, the players face 11 nights in hotel quarantine because all of South America has been on the “red list” for the past seven months.

It is understood that the footballers plan to legally “launder” their quarantine by spending the equivalent time in green-listed Croatia before travelling to the UK.

Simon Calder6 September 2021 09:18

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Heathrow queues ease – for people with the right kind of passport

Passengers arriving at Heathrow airport are reporting shorter queues for passport control. One traveller from New York told The Independent that arrivals with UK or European Union passports were able to clear the UK Border in a few minutes, while other nationalities are facing longer waits. A student arriving from Hong Kong on British Airways said she had had to wait two hours – but praised the politeness of UK Border Force staff.

“It’s not easy to be nice so early in the morning,” she said.

On the arrivals screens at Heathrow Terminal 5, the many British Airways holiday arrivals of Sunday evening – from Mediterranean islands such as Santorini, Mykonos and Ibiza – have been replaced by business locations such as Copenhagen, Berlin and Geneva.

Simon Calder6 September 2021 08:49

1630912068

UK bottom of European table for international flight recovery

International flights to European destinations in July and August reached 39.9 per cent of pre-pandemic levels, significantly better than last year (which was 26.6 per cent).

According to data shared by ForwardKeys, Greece was the stand-out, achieving 86 per cent of 2019’s July and August arrivals.

It was followed by Cyprus (64.5 per cent), Turkey (62 per cent) and Iceland (61.8 per cent).

However, the UK languished at the bottom of the list, achieving just 14.3 per cent of 2019 flight levels.

Helen Coffey6 September 2021 08:07

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Good morning, and welcome to The Independent’s travel liveblog. We’ll be covering all the latest news throughout the day.

Helen Coffey6 September 2021 08:02



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International Airlines Group narrows losses in second quarter | News


International Airlines Group has reported an operating loss of €967 million for the second quarter.

The figure is an improvement on the loss of €2.2 billion seen in the same period last year.

The reported operating loss for the half of 2021 was thus, €2 billion.

The group – which owns Aer Lingus, British Airways and Iberia – said passenger capacity in quarter two was just 21.9 per cent of 2019.

The figure continues to be adversely affected by the Covid-19 pandemic, together with government restrictions and quarantine requirements.

IAG said it currently expects to fly around 45 per cent of 2019 capacity in the third quarter.

However, this remains uncertain and subject to ongoing review, a statement explained.

Luis Gallego, IAG chief executive, said: “In the short term, our focus is on ensuring our operational readiness, so we have the flexibility to capitalise on an environment where there’s evidence of widespread pent-up demand when travel restrictions are lifted.

“This is reflected in Iberia’s and Vueling’s results.

“They were the best performers within the group in the second quarter reflecting stronger Latin American and Spanish domestic markets driven by fewer travel restrictions.

“We know that recovery will be uneven, but we’re ready to take advantage of a surge in air travel demand in line with increasing vaccination rates.”

He added: “We welcome the recent announcement that fully vaccinated travellers from amber countries in the EU and the US will no longer have to quarantine upon arrival in the UK.

“We see this as an important first step in fully re-opening the transatlantic travel corridor.”

Given the uncertainty over the timing of the lifting of government travel restrictions and the continued impact and duration of Covid-19, IAG said it was not in a position to provide guidance for 2021.





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Clubhouse opens up, Twitter talks bitcoin, Snap sees record quarter – TechCrunch


Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.

The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices.

Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year

This Week in Apps offers a way to keep up with this fast-moving industry in one place with the latest from the world of apps, including news, updates, startup fundings, mergers and acquisitions, and suggestions about new apps and games to try, too.

This Week in Apps will finally be a newsletter! It will launch on August 7. Sign up here: techcrunch.com/newsletters

This Week in Apps took a little vacation this month, so we’re back this week with a big round-up of all the news we missed — and then some. And a super-sized section of apps getting funded, too! Let’s play some catch-up…

Platforms: Apple

ATT isn’t killing mobile game performance. An Apptopia report found that Apple’s launch of App Tracking Transparency has so far had no clear impact on mobile game download performance or monetization performance. The firm says this could be the result of any number of factors, including publishers using fingerprinting techniques (despite not being permitted), increased ad budgets on large networks like Facebook, increased spend on user acquisition, use of IDFV (vendor identifier) by larger publishers or higher than expected opt-in rates than was predicted.

Image Credits: Apptopia

Image Credits: Apptopia

iOS 14.7 launched, adding support for Apple Card Family with combined credit limits, a Home app with support for multiple timers on HomePod, support for the MagSafe Battery Pack, Podcast app enhancements and more. iPadOS 14.7 also became available, offering bug fixes, security updates, as well as the same Apple Card Family and HomePod support.

Meanwhile, the iOS 15 beta 3 added the ability to update your device using Software Update even if less than 500 MB of storage is available. This could be a big deal for getting users onto the most recent version of iOS, which has in the past been more difficult when users’ phone storage is nearly full.

Apple added the ability to assign tax categories to apps and in-app purchases on App Store Connect. The categories are based on the app’s content — like videos, books, news, etc. — and allow Apple to administer taxes at the specific rates that apply to that type of application or purchase.

Apple expanded Ultra Wideband functionality in the Apple Watch Series 6, iPhone 11 and 12 to more countries, including Argentina, Pakistan, Paraguay and the Solomon Islands. Some countries don’t allow the technology still, and it must be disabled, including Armenia, Azerbaijan, Belarus, Indonesia, Kazakhstan, Kyrgyzstan, Nepal, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.

Apple asked Judge Gonzalez Rogers to consider three other antitrust cases that have since been decided since the start of Epic Games’ antitrust lawsuit, which is now being deliberated. The cases include a recent decision by the courts to throw out the FTC lawsuit against Facebook.

Platforms: Google

Android beta 3 came out. The new release dropped a month after beta 2, and includes features like scrolling screenshots, face detect auto-rotate, more Material You theme options and new icons, the ability to disable Assistant corner swipe activation, tweaks to features like one-handed mode and internet toggles and changes to the camera, Chrome, toggles, launcher and more.

Android phones’ backup system was upgraded to “Backup by Google One,” an improvement that now backs up photos, videos and MMS messages with more granular control, in addition to the app data, SMS messages, call logs and device preferences the old system covered.

Google won’t enforce the original September 30, 2021 deadline that would have required all Play Store apps to switch over to the Play Billing IAP system. The company will now allow developers to request an extension for adopting the new policy, in the wake of the big antitrust lawsuit filed by AGs across 36 U.S. states and D.C.

Epic Games filed an update in its antitrust lawsuit against Google over its Play Store policies, but most of the information it contains has been redacted. From the visible tidbits, Epic discusses Google’s relationship with Apple and its agreement to pay between $8 and $12 billion to be the default search provider; as well as Epic’s plans to launch Fortnite on the Samsung Galaxy Store.

Verizon joined AT&T and T-Mobile in preloading the Android Message app as the default texting app on all Android phones it sells, meaning that now all three major U.S. carriers support RCS — the next-gen standard to replace SMS — as the default Android experience.

E-commerce

Amazon got the recently launched app Fakespot pulled from the App Store. An extension of the fake review-spotting website, Fakespot app was taken down because it was wrapping the Amazon website without permission, which Amazon successfully argued could be exploited to steal customer data. Amazon also said Fakespot injected code into its website, which opened up an attack vector. Apple said it gave Fakespot time to correct its issues before the takedown.

Augmented Reality

✨ Snap called out its AR advances during its Q2 earnings where the company posted record revenue and the largest user growth in four years. The company’s Cartoon 3D Style Lens went viral in the quarter on other social networks, including TikTok, generating 2.8 billion impressions on Snapchat alone. Snap also partnered with Disney on location-based Lenses for Walt Disney World’s 50th anniversary. The company is now working on shopping features that could potentially allow users to try on clothes using AR.

Fintech

Popular investment app Robinhood is targeting its IPO valuation up to $35 billion in a filing released on the 19th. The company first filed to go public in early July after raising billions earlier in the year. The fintech giant expects to debut between $38 and $42 per share.

Fintech giant Revolut launched a travel booking feature called Stays, which allows users to book hotels and other accommodations in its app, in a move to become more of a “super app” that offers multiple services through one interface.

Venmo removed the app’s global, public feed as part of its major redesign. The public feed put user privacy at risk, and follows a number of complaints about Venmo’s oversharing throughout the years. Recently, Venmo’s privacy leaks led BuzzFeed News to uncover President Biden’s Venmo account.

✨ Twitter CEO Jack Dorsey said bitcoin will be a “big part” of Twitter’s future. On the company’s earnings call, the exec spoke for the first time about how he envisions bitcoin can integrate with Twitter’s products, including commerce, subscriptions and other new additions like the Twitter Tip Jar and Super Follows. The company posted the fastest revenue growth since 2014 in a pandemic rebound, but user growth slightly declined.

Social

Instagram confirmed it’s testing a new feature called Limits that would allow users to lock down their accounts in a moment of crisis. Found in privacy settings, users could quickly toggle on options to limit the ability for new followers or accounts who don’t follow you to comment or message you. The Limits could be applied for a set period of time you specify, in terms of days or even weeks.

Facebook launched a new tool available to U.S. Facebook Groups that allows users to ask for prayers. The prayer request tool could help drive engagement on the platform by turning into a product something users were already doing. Facebook’s head of faith partnerships told Reuters COVID gave new urgency to the building of the feature.

TikTok ads get more tools and upgrades. TikTok partnered with Vimeo to integrate the latter’s video tools with the TikTok platform. The deal gives SMBs the tools they need to create effective video ads via Vimeo’s AI-driven production tool, Vimeo Create, and the ability to publish ads directly into TikTok’s Ad Manager. The companies also collaborated on custom video templates optimized for TikTok. The video app also launched Spark Ads, which allow brands to use existing posts from influencers in their ad campaigns.

Instagram added new controls that allow users to limit “sensitive” content in the app’s Explore tab. The feature appears in the settings menu and lets users choose to allow or limit content that could be “upsetting or offensive,” or “limit even more.”

Instagram also began testing a new “collab” feature in India and the U.K. that lets users invite another account as a collaborator on posts or Reels. If the other person accepts, both accounts will appear in the header of the post or Reel.

Twitter is killing Fleets, its misguided effort to offer its own version of “Stories” in an app where content flows so quickly it effectively already feels “ephemeral,” even if the posts don’t auto-delete. Twitter hoped Stories would give hesitant users a place they felt comfortable posting, but that didn’t happen. The feature will be removed on August 3.

Tumblr’s community lashed out at the company’s new subscription feature, now in beta, that would allow bloggers to get paid for their content. The system, called Post+, offers the ability to paywall content, which subscribers can pay for at price points of $3.99, $5.99 or $9.99 per month. But some angry Tumblr users didn’t like the idea of paying, or at least, not being able to pay the blogger directly without the company taking a cut. They harassed and even sent death threats to one early tester. (Perhaps it’s time to move to Substack?)

Messaging

WhatsApp is testing multi device support that works without the phone. The company recently rolled out a limited public beta that will allow users to use the service on up to four non-phone devices without having the registered phone switched on or otherwise connected to the internet.

Facebook Messenger introduced “soundmojis,” which are, as you’d expect, emojis that include sound. The sounds include laughter and applause as well as those sourced from pop culture — like snippets from Netflix’s “Bridgerton,” movies like “F9,” and various musicians. It also later added a search bar for emoji reactions, and a recently used emojis section.

Streaming & Entertainment

✨ Clubhouse opens to all. The pandemic’s favorite audio chat app Clubhouse this week exited beta and become publicly available to everyone. That means users no longer need to know someone with an invite in order to sign up. The app continues to grow thanks to its Android release. In June, the app was installed 7.7 million times across iOS and Android. It also just launched an in-app messaging feature called Backchannel to allow users to chat both one-on-one and in groups as they host or listen.

Apple Music updated its Android app to add support for Spatial Audio and Lossless Audio. The Dolby Atmos-powered Spatial Audio feature requires a compatible phone, however, and even some Pixel devices don’t qualify.

TikTok found to drive music discovery. A recent study of around 1,500 TikTok users found that 75% discovered artists on the video app, and 63% said TikTok was a source for music they hadn’t heard before.

Spotify partnered with Facebook-owned Giphy to connect users to artists’ music through GIFs. The new GIFs will allow users to click a button to hear the artist’s songs on Spotify directly. The GIFs can be found in the Giphy mobile app or on the web.

Triller, the one-time TikTok rival that has since expanded into PPV events, has now moved into long-form video, including both prerecorded and live shows. As part of this effort, Triller livestreamed the Essence Festival of Culture on its app.

YouTube added the ability for users to directly pay creators for their videos through a new feature called Super Thanks. This is YouTube’s fourth Paid Digital Good alongside Super Chat, Super Stickers and channel subscriptions, and is the first that lets fans tip creators for uploads instead of just livestreams.

HBO Max partnered with Snap to allow Snapchat users to stream a selection of free episodes inside the Snapchat app with their friends. That means users can both stream and chat with others as they watch, and even react with Bitmoji.

Gaming

Top gaming title and award winner Genshin Impact released its 2.0 update on Android devices. This update brings cross-save functionality for all platforms, a brand-new region called Inazuma and the new Thunder Sojourn event, as well as new characters, stories and weapons.

Facebook bypassed building a native iOS app for its cloud gaming service and instead launched to the web at fb.gg. The company did not want to go the App Store route due to Apple’s restrictions on apps that offer app stores of sorts and its commissions on in-app purchases.

Health & Fitness

A poll suggests around 20% of U.K. adults have now deleted the NHS COVID app, most because they want to avoid orders that would have them self-isolate. Among younger users ages 18 to 34, more than one-third had removed the app.

Edtech

Duolingo said it aims to be valued as much as $3.41 billion in its U.S. IPO, with 5.1 million shares that will be offered between $85 and $95 each, raising more than $485 million at the top end of the range.

Reading

Amazon’s Kindle app launched a serialized fiction store called Kindle Vella, which will allow readers to unlock episodic, self-published stories via in-app purchases that range from $2 for 200 tokens to up to $15 for 1,700 tokens. The Wattpad-like feature is only available on the Kindle iOS app for the time being.

Utilities

Chrome for iOS lets you lock your private tabs. The new version rolled out support for using either Face ID or Touch ID to lock incognito tabs, along with other features, like full-page screenshots, and more.

Google’s iOS search app now lets you choose an option to delete your last 15 minutes of search history — perfect for those times when you forgot to launch an incognito tab.

Government & Policy

China has given 145 apps until July 26 to take corrective measures over what authorities said was their illegal collection of user information by misleading customers or by requesting excessive permissions. Apps from Amazon, ByteDance, NetEase, Tencent and others are among those being called out by Beijing in the crackdown.

China’s most popular fitness app, Keep, backed by SoftBank and Tencent, pulled its U.S. IPO after Chinese regulators announced an investigation into data security concerns at ride-hailing app Didi. The move indicates that China’s probe is having larger impact on the stock market, as China’s biggest podcasting platform, Ximalaya, also recently canceled its U.S. IPO.

Facebook escaped an EU ban on its use of WhatsApp customer data but will face an investigation of its new terms of service that sparked customer outrage. The European Data Protection Board said the new practices must be examined in a “swift” fashion by the EU privacy watchdog.

Security & Privacy

A Catholic priest was outed by way of his phone’s location data found in a data set from a data vendor. This data is commonly aggregated and sold by data vendors, and can then be analyzed for timestamped location data. The signals collected on the priest’s phone were gathered from Grindr, and tracked to his home and other bars and clubs.

Reports found that military-grade spyware developed by Israeli firm NSO Group and licensed to governments for tracking terrorists and criminals was used to hack the phones of journalists, activists, politicians and other business executives, whose phones appeared on a list of 50,000 numbers. Amnesty International has now provided a toolkit that can help people identify if their phones had been among those targeted.

💰 Voice-based social app Zebra raised $1.1 million in a pre-seed round for its messaging app that pairs photos with voice chat. Reddit co-founder Alexis Ohanian’s early-stage venture firm Seven Seven Six led the round.

💰 Sololearn raised $24 million led by Drive Capital for its Duolingo-like coding education app. The app delivers short bursts of bite-sized content and offers a community of helpers and influencers, not formal teachers.

💰 Belarus-based video editing app VOCHI raised $2.4 million in a late-seed round after growing its app to over 500,000 MAUs and achieving a $4 million+ annual run rate in a year’s time. The company now has 20,000 paid subscribers for its advanced filters and video effects, but makes 60% of its effects catalog available for free.

💰 Instant grocery delivery app Gopuff is raising $750 million at a $13.5 billion valuation, according to an SEC filing, but sources say the fundraise is higher — $1 billion at a $15 billion valuation.

💰 Investment app Titan raised $58 million in Series B funding led by Andreessen Horowitz (a16z), valuing the business at $50 million. The Robinhood rival has 30,000 users and is also backed by General Catalyst, BoxGroup, Ashton Kutcher’s Sound Ventures and a group of professional athletes and celebrities including Odell Beckham Jr., Kevin Durant, Jared Leto and Will Smith.

💰 Fitness app HealthifyMe raised $75 million in Series C funding from LeapFrog and Khosla Ventures to grow its user base in India, Southeast Asia and North America. The app has around 1,500 trainers and coaches on the platform, with plans to add 1,000 more to support its expansion.

💰 Free-to-play games publisher Tilting Point raised $235 million to fund its business of acquiring users for partnered games, or what the company refers to as its “progressive publishing model.” The company borrows from its line of credit to fuel advertising for games that show promise, allowing them to grow users and revenues, and then shares in the growth that it achieves.

💰 Virtual and in-person care app Carbon Health raised $350 million at a valuation of $3.3 billion in a round led by Blackstone’s Horizon platform. The company has 80 clinics across the U.S.

💰 Yoobic raised $50 million in Series C funding for its chat and communications app aimed at frontline service workers. Highland Europe led the round. The startup works with 300 brands across 80 countries.

💰 Travel rewards app Miles raised $12.5 million in Series A funding in a round led by Scrum Ventures that included Japan Airlines, Translink Capital and others. The app aims to offer travel rewards, with a focus on clean transportation.

🤝  Salesforce’s deal to acquire workplace communication app Slack officially closed. The $27.7 billion deal was first announced in December 2020.

🤝  Fortnite and Unreal Engine maker Epic Games bought New York-based Sketchfab, a 3D model sharing platform.

💰 Fintech app M1 Finance raised $150 million in a SoftBank-led Series E, valuing the business at $1.45 billion. The app offers automated investing, borrowing and banking/spending accounts, and has grown to $4.5 million assets under management.

💰 Mobile.dev raised $3 million in seed funding from Cowboy Ventures and others for its service that aims to catch bugs and errors in apps before they launch. The two-person team includes a former Uber engineer and has already bagged Reddit as a client.

💰 On-demand coworking space app Deskimo gets Y Combinator backing for its app currently available in Singapore and Hong Kong that helps remote workers find alternative spaces to work at times, like the occasional meeting.

💰 London-based financial “super app” Revolut raised $800 million in Series E funding co-led by Softbank Vision Fund 2 and Tiger Global, valuing the business at $33 billion. This makes Revolut the most valuable fintech in the U.K.

💰 Indian startup Inshorts, maker of a news aggregator app and a social media app called Public, raised $60 million in a new round led by Vy Capital, valuing the business at $550 million.

💰 Miami’s Play2Pay raised $13 million in Series A funding led by Telesoft Partners to convert mobile user engagement into bill payments. The company offers a way for consumers to lower their bills by playing mobile games, watching videos and competing in challenges and surveys.

💰 South Korea’s largest travel app Yanolja Co. raised $1.7 billion in funding from SoftBank. The app began as a hotel booking service and has since expanded to include transportation and leisure activities.

💰 Venezuela-based delivery app Yummy raised $4 million to expand its delivery operations across Latin America. Backers included Y Combinator, Tinder co-founder Justin Mateen, Canary, Hustle Fund, Necessary Ventures and the co-founders of TaskUs. The company has connected with over 1,200 merchants and completed over 600,000 deliveries. It now plans to move into ridesharing.

🤝 Tumblr and WordPress.com owner Automattic acquired the popular podcast app Pocket Casts, which had sold to a combined group comprised of WNYC, NPR, WBEZ and This American Life back in 2018. The app went up for sale in January, after NPR reportedly lost $800,000 on it the year prior.

💰 Israeli AI-driven health app Sweetch raised $20 million in Series A round led by Entreé Capital. The app encourages users to change their behaviors using AI smarts, after learning about your lifestyle through mobile sensors. The app is distributed through health organization partners, not the App Store.

Skate City: Tokyo

Apple Arcade has added a handful of reimagined classic games in recent days, including an updated version of Alto’s Odyssey, called Alto’s Odyssey: The Lost City, which adds a new locale and other features. This week, Apple Arcade added a new version of Snowman’s popular game, Skate City. The expansion coincides with the start of the Olympic Games in Tokyo, and includes 21 new challenges, 30 new goals, new soundtracks and more. Another classic, Tetris Beat, is on the way soon.

HalloApp

Image Credits: HalloApp

 

Two early WhatsApp employees have launched a private social networking app called HalloApp on both iOS and Android. The ad-free app is somewhat similar to WhatsApp as it also allows for encrypted, private chats with friends and family, including group chats. The app also features a Home feed with posts from friends. The company plans to eventually monetize via subscriptions if it gains traction.

Anyone

Image Credits: Anyone

Audio app Anyone launched its “marketplace for advice” app on iOS and Android after previously operating in a closed beta. The app allows users to pay for access to busy people whose advice they’d like to seek out, but limits calls to just five minutes. (Advice givers can opt to donate the money to charity, if they don’t want to profit from the help they’re giving.) The company claims to vet advisors before they’re allowed to offer calls, in order to keep the advice on the platform high-quality.

Streamlabs’ Crossclip

Image Credits: Streamlabs

Streamlabs, a maker of livestreaming software, launched a new iOS app that allows creators to easily turn their Twitch clips into a format that works on TikTok, Instagram Reels, YouTube Shorts and Facebook. The app works by allowing streamers to enter the URL of a clip, selecting the output format (landscape, vertical or square) and choosing a pre-loaded layout. You can also crop the clip, blur the background and select from different layouts depending on which frames you want to feature. The app is free with a subscription of $4.99/mo or $49.99/yr to remove the watermark and add more features, including higher-quality exports.






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Liverpool’s Quirky Quarter attraction gets rave TripAdvisor reviews | Travel News | Travel


Paul Rose, a spokesperson for the Quirky Quarter teased: “Being such a new business and opening just six weeks before the first lockdown we needed to establish ourselves first.

“Having said that, we have lots of new ideas that we can’t wait to introduce. The space was designed to be able to refresh a zone without much disruption to the overall experience.”

It is the first of its kind for the city and brings a completely new and fresh concept to Liverpool.

One TripAdvisor user said: “We happened to be walking along Duke Street and noticed the eye-catching window display. We couldn’t simply walk past, so popped in and so glad we did.

“About an hour later we came out with big smiles from all the unexpected and hidden gems inside – really makes your brain work and look at things in a different light.”

Another added: “Interactive experience, with lots to do. No clues, it is not all that it seems either, there is lots of space and ample time to use the activities.

READ MORE: Tutor reveals secret maths hack for multiplying by nine





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easyJet reports £318m loss for third quarter | News


easyJet has reported a loss before tax of £318 million for the third quarter of the financial year.

The low-cost carrier said it had maintained a “disciplined approach” to capacity and cash management during the three months to June.

As a result, total cash burn during the quarter reduced to £55 million. 

Fixed costs plus capex have averaged £34 million per week, outperforming the £40 million per week guidance given at quarter one.

easyJet said capacity in quarter four would be up to 60 per cent of 2019 levels, up from 17 per cent over the past three months.

In order to capitalise on the opening-up of travel in continental Europe and the easing of restrictions for the fully vaccinated in the UK, the carrier said it continues to pivot capacity towards popular routes where there is rising customer demand.

Johan Lundgren, chief executive of easyJet, said: “During this quarter we have successfully managed through the continued challenges of the pandemic, using our operational responsiveness to capture demand while focusing on cost control and minimising cash burn.

“We have used our existing strengths like our network with renewed purpose – pivoting capacity to Europe where we saw the strongest demand and the very way we have approached the challenges that we faced means we have adapted and built back stronger for the future.”





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Allegiant Travel Company Schedules Second Quarter 2021 Earnings Call


LAS VEGAS, July 19, 2021 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2021 financial results conference call for Wednesday, July 28 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company’s Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the “Events & Presentations” section of the site.

http://finance.yahoo.com/

Allegiant – Together We FlyTM

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant’s all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company’s investor website: http://ir.allegiantair.com

Reference to the Company’s website above does not constitute incorporation of any of the information thereon into this news release.

Media Inquiries: mediarelations@allegiantair.com
Investor Inquiries: Sherry Wilson: ir@allegiantair.com

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/allegiant-travel-company-schedules-second-quarter-2021-earnings-call-301336608.html

SOURCE Allegiant Travel Company



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