WEBVTT - Qualcomm Declines; Snap Soars; Duolingo Plunges

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Mantail.

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<v Speaker 3>All right, we are starting with Qualcom ticker QCOM. Their

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<v Speaker 3>shares have been down as much as two percent. You

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<v Speaker 3>know them, the largest maker of smartphone processors, right, So

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<v Speaker 3>they delivered these upbeat forecast sales, profit forecasts, top estimates,

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<v Speaker 3>but investors were expecting more. There's been so much news

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<v Speaker 3>about Qualcomm in the headlines. Here's another thing. They also

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<v Speaker 3>took a five point seven billion dollar non cast charge

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<v Speaker 3>that was linked to the one Big Beautiful bill, so

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<v Speaker 3>that contributed to a three point one two billion dollar

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<v Speaker 3>net loss. There were a lot of things on the upside,

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<v Speaker 3>like the outlook suggested as strong demand in the high

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<v Speaker 3>end android phone market, and then it's really made making

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<v Speaker 3>this big effort to diversify into chips for cars, for PCs,

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<v Speaker 3>for for data centers. So there was a lot of

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<v Speaker 3>upside to it, but it just it just wasn't enough,

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<v Speaker 3>couldn't impress investors? And then you have Snap, Right, this

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<v Speaker 3>is s nap. This is the social media app all

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<v Speaker 3>the kids like. Okay, oh I think it is the

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<v Speaker 3>tools ye. No, no, this is the Snapchat app. Okay,

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<v Speaker 3>shares taking a hit down as much as twenty percent. Tom,

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<v Speaker 3>You're gonna like this though, because you're a Perplexity fan. Okay.

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<v Speaker 3>So the company said that they are going into a

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<v Speaker 3>four hundred million dollar partnership with Perplexity AI, and now

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<v Speaker 3>they're going to incorporate that search engine into Snapchat in

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<v Speaker 3>twenty twenty six. So now all the kids are going

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<v Speaker 3>to be using the Perplexity in the.

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<v Speaker 1>Snapchat and the sock is up eighteen percent here today,

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<v Speaker 1>prefer Yeah, it's.

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<v Speaker 3>Doing really well, and so it's going to be you know,

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<v Speaker 3>they're going to pay Snap a combination of cash and equity.

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<v Speaker 3>But their third quarter earnings they were in line with esimate,

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<v Speaker 3>So you know, the company's been doing a little bit

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<v Speaker 3>better because they've been struggling with the advertising business. That's

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<v Speaker 3>that's really huge. They announce bond offering. Everyone else is

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<v Speaker 3>that's how they do it. Okay, And have you ever

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<v Speaker 3>used du lingo? The language platform. Like when you go

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<v Speaker 3>you learn French, you.

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<v Speaker 2>Go, oh, you should have seen my friend should killing it?

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<v Speaker 1>Yes, the accent is so different than Paris, Like it's

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<v Speaker 1>like anything is completely different.

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<v Speaker 3>They don't understand me in Paris as well. Killing it?

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<v Speaker 3>I need it? Yes, okay, d u l O taking

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<v Speaker 3>a head down twenty five percent a week. Bookings forecast

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<v Speaker 3>annels are saying that management focused on user growth, weighing

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<v Speaker 3>on the bookings outlook. The big worry. I didn't know this,

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<v Speaker 3>but Apple has this live air pod translation feature. The

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<v Speaker 3>company says, you know what, We're not worried about it,

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<v Speaker 3>so it's fine. They also have this Max product that

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<v Speaker 3>they're talking about. So what this Max product is It

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<v Speaker 3>takes the shame out of learning a language. So you

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<v Speaker 3>might be embarrassed to talk to a human when you

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<v Speaker 3>try and learn a language. Well, you can go to

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<v Speaker 3>Max and it's an AI video call with one of

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<v Speaker 3>their characters, so you can practice the language there. You

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<v Speaker 3>don't feel the shames. Yes, you don't feel the shame

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<v Speaker 3>of a real person. I've been told if.

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<v Speaker 2>You hire someone like Remote that that's very beneficial.

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<v Speaker 1>I've not done that. I'm on the school. I've thought

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<v Speaker 1>about this a lot during my life. You have to

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<v Speaker 1>just immerse yourself, go somewhere for six months and just

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<v Speaker 1>drop me off in the middle of Spain or Mexico

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<v Speaker 1>and nobody around. And one more you want to squeeze in.

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<v Speaker 3>All right, I'll do Elf Beauty. Okay, Elf, because it's

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<v Speaker 3>down twenty one percent earning sales downlooks fell short, right,

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<v Speaker 3>So they're positive about the sales growth because they just

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<v Speaker 3>acquired Road, right, that's Haley Bieber's beauty brand. But they're

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<v Speaker 3>still skeptical about the namesake product, the Elf Beauty that

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<v Speaker 3>you see in a CVS pharmacy or whatever. They're kind

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<v Speaker 3>of skeptical about that. So they like the Road they

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<v Speaker 3>just think that the namesake product is just not going

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<v Speaker 3>to do that.

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<v Speaker 2>Welcome the Stockmovers Report from Bloomberg Radio. Check back with

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