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NEW YORK - FIFA and Globant have signed an expanded agreement to continue their four-year collaboration, with the digital services company set to deliver IT solutions and software development for upcoming FIFA tournaments, according to a press release statement. The partnership comes as Globant, with a market capitalization of $2.72 billion, continues to demonstrate profitability with $2.19 in diluted earnings per share over the last twelve months.
Under the new partnership, Globant will serve as a Tournament Supporter in North America and Europe for the FIFA World Cup 2026 and the FIFA Women’s World Cup 2027. The company will also provide support for the FIFAe Finals 2025 in Saudi Arabia and the FIFA U-20 World Cup 2027 in Azerbaijan and Uzbekistan.
The agreement includes enhancements to FIFA’s digital platforms and the development of a new mobile application for multiple tournaments, beginning with next year’s World Cup.
"This new agreement between FIFA and Globant reflects each organisation’s vision to reimagine how football is experienced in the digital era," said FIFA Secretary General Mattias Grafström.
Martin Migoya, co-founder and CEO of Globant, stated that "technology can amplify the power of sport" by enabling deeper connections and more personalized experiences for fans.
The FIFA World Cup 2026 will be hosted across Canada, Mexico, and the United States, while the 2027 Women’s World Cup will be held in Brazil, marking the tournament’s first South American host.
Globant, which employs more than 29,000 people across 35 countries, provides industry-focused solutions combining technology and creativity for enterprise transformation. The company reported $2.48 billion in revenue with 5.56% growth over the past year, and maintains strong liquidity with current assets exceeding short-term obligations. InvestingPro analysis indicates Globant appears undervalued compared to its Fair Value, despite its stock price falling over 73% in the past year. Five analysts have recently revised their earnings estimates upward for upcoming periods. For deeper insights into Globant’s financial health and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Globant reported its third-quarter earnings, which slightly missed analyst expectations. The company posted adjusted earnings of $1.53 per share, just below the consensus estimate of $1.54. Revenue for the quarter was $617.1 million, slightly surpassing expectations of $615.32 million, marking a modest year-over-year growth of 0.4%. Despite the revenue beat, the overall guidance provided by Globant was disappointing, leading to investor concerns. In another development, Jefferies downgraded Globant’s stock rating from Buy to Hold, citing a slower growth outlook. The downgrade was accompanied by a reduction in the price target from $80.00 to $61.00. Jefferies noted that Globant’s organic growth is lagging compared to industry peers, attributing this to the company’s exposure to underperforming regions and verticals. These recent developments have captured the attention of investors and analysts alike.
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