Fubotv earnings beat by $0.10, revenue topped estimates
NEW YORK - On Thursday, SharkNinja, Inc. (NYSE:SN) reported second-quarter results that significantly exceeded analyst expectations, driven by strong sales of its innovative appliances and international expansion.
The global product design and technology company’s shares jumped 5.12% in pre-market trading after the quarterly release.
The company reported second-quarter adjusted earnings of $0.97 per share, beating analyst estimates of $0.57 by 70%. Revenue surged 15.7% YoY to $1.44 billion, substantially outpacing the consensus estimate of $1.07 billion. Compared to the same quarter last year, revenue grew from $1.25 billion.
SharkNinja’s impressive performance was fueled by robust growth across multiple product categories. Food Preparation Appliances led the way with a 52.8% increase in sales to $404.8 million, driven by strong demand for the Ninja SLUSHi frozen drinks maker. Beauty and Home Environment Appliances also performed well, with sales rising 25% to $172.9 million.
"SharkNinja delivered outstanding Q2 results with nearly 16% net sales growth and approximately 33% Adjusted EBITDA growth, demonstrating our ability to execute and win even in challenging global environments," said Mark Barrocas, Chief Executive Officer.
The company’s international business showed particularly strong momentum, with sales increasing 20.3% compared to the same period last year, while domestic sales rose 13.7%.
Adjusted EBITDA increased 33.2% to $223.4 million, representing 15.5% of net sales, up from 13.4% in the prior year quarter. Gross margin improved by 90 basis points to 49%.
Following these strong results, SharkNinja raised its full-year 2025 outlook, now expecting EPS of $5.00-$5.10, representing a 14-17% increase from the previous year. The company also increased its revenue growth forecast to 13-15%, up from its previous guidance of 11-13%.
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