financial results

BP posts strongest profit in four years as war-fueled trading booms

BP posted its strongest quarterly profit in more than four years on Tuesday, with underlying replacement cost profit reaching $5.73 billion in the second quarter of 2026 as its oil trading and refining businesses capitalized on volatile energy markets driven…

Michael Jackson biopic fuels Sony Music’s strongest quarter

The enduring commercial power of Michael Jackson's catalog lifted Sony Music Entertainment to one of its strongest quarters in recent memory, as the Lionsgate biopic "Michael" drove a surge in streaming and sales of the late artist's work.

Meta’s Reality Labs lost $4.62B in Q2 as VR retreat deepens

Meta reported on Wednesday that its Reality Labs division lost $4.62 billion in the second quarter of 2026, widening from $4.03 billion in the prior quarter and $4.53 billion a year earlier, as the company continues to pour resources into…

Adidas raises full-year sales forecast after record Q2

Adidas on Thursday raised its full-year 2026 revenue growth forecast after posting record quarterly net sales of €6.7 billion in the second quarter, fueled by the FIFA World Cup and surging demand for the German sportswear maker's latest collections.