LOS ANGELES — Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.
For the three months that ended Oct. 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago.
Nvidia said it earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. Adjusted for one-time items, it earned 81 cents a share.
Wall Street analysts had been expecting adjusted earnings of 75 cents a share on revenue of $33.17 billion, according to FactSet.
Investors took the results in stride, however, and Nvidia’s high-flying stock slipped about 1% in after-hours trading. Shares in Nvidia Corp. are up 195% so far this year.
“The age of AI is in full steam, propelling a global shift to Nvidia computing,” Jensen Huang, founder and CEO of Nvidia, said in a statement.
Analysts’ were eyeing Nvidia’s guidance on its Blackwell graphics processor unit, a next-generation artificial intelligence chip that’s seen demand from companies like OpenAI and others building AI data centers. Over the summer, the tech juggernaut said it would increase production of its Blackwell AI chips beginning in the fourth quarter and continuing through fiscal 2026.
Huang said in an interview with CNBC last month that demand for Blackwell is “insane.”
“Everybody wants to have the most and everybody wants to be first,” Huang said.
Nvidia has led the artificial intelligence sector to become one of the stock market’s biggest companies, as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems.
The company carved out an early lead in AI applications race, in part because of Huang’s successful bet on the chip technology used to fuel the industry. The company is no stranger to big bets. Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics.
Demand for generative AI products that can compose documents, make images and serve as personal assistants has fueled sales of Nvidia’s specialized chips over the last year. Nvidia, the most valuable publicly traded company by market cap as of Wednesday morning, is now worth over $3.5 trillion, with analysts closely monitoring Nvidia’s path to $4 trillion.
Through the year’s first six months, Nvidia’s stock soared nearly 150%. At that point, the stock was trading at a little more than 100 times the company’s earnings over the prior 12 months. That’s much more expensive than it’s been historically and than the S&P 500 in general.
Shah Rukh Khan is India’s biggest star and has amassed an empire like no other. Coming as an outsider in the Hindi film industry, the star now rules Bollywood – an impressive feat he has achieved through his hard work, dedication, relentless struggle and passion. Today, on King Khan’s 59th birthday let’s take a closer look at his lavish lifestyle through his net worth, earnings, the properties that he owns and his impressive car collection.
Shah Rukh Khan’s net worth and earnings
King Khan recently made headlines with his debut on Hurun India Rich List. As per the 2024 list, Shah Rukh Khan has an estimated net worth of, wait for it, Rs 7300 crore. Scroll down to learn more about his earnings and sources of income.
Income
As a prolific actor with several successful big-budget films in his belt, Shah Rukh Khan is one of the highest-paid actors in the country. The star made a comeback to the silver screen last year and delivered three back-to-back successes. According to a Forbes 2024 list, Shah Rukh charges Rs 150 crore to Rs 250 crore per film – the latest of which was Dunki.
Interestingly, the star did not charge any fees upfront for his comeback film Pathaan but instead opted to be paid about 60% of the profits.
Brand endorsements
Shah Rukh’s charismatic yet somehow relatable personality makes him a top choice for brands as the face of their marketing campaign. Ever since the ’90s, King Khan has been the most sought-after actor for brand endorsements. SRK endorses several brands like Realme, Myntra, SunFeast, Rungta Steel, Everest Spices, Byju’s and many more. Currently he reportedly charges Rs 5-10 crore per advertisement.
Business ventures and investments
Apart from his acting career, Shah Rukh co-founded a successful movie production and VFX company with his wife Gauri Khan called Red Chillies Entertainment. The business venture is responsible for the production of some of the most profitable movies in Bollywood like Jawan, Chennai Express and many more. According to an Economic Times report, the company is valued at a whopping Rs 500 crore. While another report in Indian Express revealed that the company made a profit of about Rs 85 crore in the 2023 fiscal year.
In addition to this, Shah Rukh also has a 55% stake in the Indian Premier League (IPL) team Kolkata Knight Riders (KKR). KKR is one of the most successful teams in the league and has won the title three times. According to a Forbes 2022 list, KKR is valued at $1.1 billion (around Rs 9250 crore).
Shah Rukh Khan owns several high-end properties in India and all over the world. The star’s primary residence is the lavish six-storey sea-facing mansion ‘Mannat’ which is valued at a whopping Rs 200 crore. The house features five family bedrooms, a home gym, a swimming pool, a private movie theatre and the iconic private terrace from where he greets his fans every year on his birthday and on Eid.
The Delhi-born star still owns a home in the national capital’s leafy Panchsheel Park area which was redesigned and renovated by Gauri Khan. The South Delhi house is now available for rent via Airbnb.
In addition to this, he also owns a plush villa in Dubai’s posh Palm Jumeirah called ‘Jannat’ which is priced at Rs 18 crore. The property was reportedly gifted to him by Dubai-based real estate developer Nakheel PJSC.
Shah Rukh also owns two palatial properties in the UK. An upscale apartment in the posh Park Lane area of Central London. This prime real estate property also served as a boarding school for his children Suhana and Aryan. The Pathaan actor is also the proud owner of a vacation home in England’s Central London.
Lastly, SRK also owns a sprawling mansion in the Beverly Hills area in California, USA. Another property where you can stay via Airbnb boasts six bedrooms, a sprawling pool and tennis court, expansive jacuzzis and private cabanas.
Shah Rukh Khan’s luxurious car collection
Every Badshah needs a luxurious ride and Shah Rukh’s luxurious fleet does not diasappoint! The Dunki actor owns not one but two expensive Rolls Royce cars – a Rolls Royce Cullinan Black Badge SUV priced at Rs 10 crore and a Rolls Royce Phantom Drophead Coupe which is valued at Rs 7 crore.
In addition to this, SRK also owns a Bentley Continental GT which costs upwards of Rs 3.29 crore, a BMW i8, which is worth Rs 2.62 crore, a Land Rover Range Rover Sport which costs upwards of Rs 1.4 crore, a BMW 6-series, the price of which starts at Rs 73. 5 lakh, and many more expensive cars.
From a struggling theatre actor in Delhi to ruling Bollywood and the world with charm and wit, Shah Rukh Khan has surely come a long way in his several-decade-long successful career. His wealth is so far beyond his net worth, making him a true icon and a global phenomenon!
For the latest and more interesting financial news, keep reading Indiatimes Worth.
Aishwarya Rai Bachchan’s net worth:As she celebrates her 51st birthday on 1 November, Aishwarya Rai Bachchan remains one of India’s most beloved icons. Winning the Miss World title in 1994, Aishwarya quickly found her place in the film industry. Her acting journey began in 1997 with Iruvar, directed by Mani Ratnam, followed by Aur Pyaar Ho Gaya. Over the years, she has impressed audiences with performances in films such as Taal, Dhoom 2, Devdas, and Hum Dil De Chuke Sanam, securing her status in Indian cinema.
Aishwarya’s recent roles in Ponniyin Selvan: I and II further showcased her incredible talent, reminding audiences of her versatility and charm. Known for her beauty and grace, Aishwarya Rai Bachchan has built a career that is both admired and celebrated.
Aishwarya Rai Bachchan’s Net Worth and Income
Reports estimate Aishwarya Rai Bachchan’s net worth to be around Rs 850 crore, making her one of the second richest actresses in India after Juhi Chawla who has a Rs 4,600 crore net worth, as per Hurun Rich List 2024. Her wealth comes from her successful film career, endorsements, and business ventures. She earns approximately Rs 10 crore per film, placing her among the highest-paid Bollywood actresses, while her husband, Abhishek Bachchan, has a net worth of $250 million.
Brand Endorsements
Aishwarya’s appeal extends beyond acting. She is well-known for endorsing high-end brands, and reportedly charges Rs 6-7 crore daily for such partnerships, according to CNBC TV18. Her association with leading global brands has elevated her to an international level, enhancing both her earnings and her status as a fashion icon.
Investments and Business Ventures
Apart from her acting career, Aishwarya has made smart investments that add to her wealth. In 2021, she invested Rs 5 crore in a nutrition-based healthcare firm, demonstrating her business sense. She and her mother also invested Rs 1 crore in a Bengaluru startup focused on air quality. These investments show her commitment to socially impactful and innovative businesses.
Contributions to Entertainment Production
Aishwarya has contributed to the entertainment industry not only as an actress but also as part of the Amitabh Bachchan Corporation Ltd (ABCL), India’s first entertainment company, launched by her father-in-law Amitabh Bachchan in 1994. ABCL produced popular films like Major Saab and Mrityudata and organised the Miss World pageant in 1996.
Inside Aishwarya Rai Bachchan’s Luxurious Properties
Credit: TOI
Aishwarya Rai Bachchan lives with her family at Jalsa in Mumbai, the Bachchan family home. She also reportedly owns a luxury property in Dubai’s high-end Sanctuary Falls, which is valued at Rs 15 crore. This impressive home includes premium amenities such as a private pool, gym, and a designer kitchen.
In 2015, Aishwarya further expanded her real estate portfolio with the purchase of a grand 5BHK bungalow in Bandra, Mumbai, worth an estimated Rs 21 crore. Covering over 5,500 square feet, this house is fitted with high-end amenities and reflects her refined taste.
Aishwarya Rai Bachchan’s Luxury Car Collection
Credit: Instagram
Aishwarya Rai Bachchan’s wealth can also be seen in her impressive car collection. She owns some of the finest vehicles in Bollywood, including a Rolls Royce Ghost (Rs 6.95 crore), Audi A8L (Rs 1.34 crore), Mercedes-Benz S500 (Rs 1.98 crore), and Lexus LX 570 (Rs 2.84 crore), according to Bollywood Shaadis. This luxurious lineup shows her love for high-end cars and her appreciation for quality.
Personal Life and Family
Aishwarya married Abhishek Bachchan on 20 April 2007, in a traditional Hindu wedding. The couple welcomed their daughter, Aaradhya, on 16 November 2011. Since then, the family’s public appearances have captivated audiences, portraying a loving and close-knit family that fans adore.
A Legacy of Talent and Success
From winning Miss World to building a net worth of Rs 850 crore, Aishwarya Rai Bachchan’s journey is one of determination, talent, and wise decisions. Her work in Bollywood and Hollywood has made her a global star. Her wealth, investments, and luxurious lifestyle reflect a life dedicated to success, making her a true icon in the entertainment industry.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count.
Shares of Comcast gained 6% in premarket trading Thursday.
Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG:
Earnings per share: $1.12 vs. $1.06 expected
Revenue: $32.07 billion vs. $31.66 billion expected
For the quarter ended Sept. 30, net income was down 10% to $3.63 billion, or 94 cents a share, compared with $4.05 billion, or 98 cents a share, a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, fell 2% to roughly $9.74 billion.
The company’s revenue rose 6.5% to $32.07 billion compared to the same period last year. Overall revenue was boosted by the Summer Olympics in Paris, which NBCUniversal exclusively broadcast in the U.S., and domestic broadband revenue — despite continued slowing customer growth.
Revenue for the media segment – mainly comprised of NBCUniversal – was up nearly 37% to $8.23 billion, largely due to the Olympics. Excluding the Summer Games, revenue was up almost 5%.
This more than offset the decrease in adjusted EBITDA for the media segment, due to higher operating expenses related to the Olympics, as well as higher programming costs at Peacock and in other sports TV programming.
The Summer Olympics in Paris proved to be a success for NBCUniversal, as it attracted an average daily viewership of 31 million people across NBC’s TV and streaming platforms and generated a record $1.2 billion in advertising revenue, CNBC previously reported.
This boosted the overall revenue for the content and experiences segment – which also includes the theme parks and film studios – by 19.3% to roughly $12.6 billion. That total includes $1.9 billion of incremental revenue from the Paris Olympics.
Peacock also enjoyed a boost from the Olympics – where the entirety of the Games were exclusively streamed – with 3 million added subscribers. Paid subscribers for the platform increased 29% year over year to 36 million. Peacock revenue was up 82% to $1.5 billion.
Losses stemming from Peacock improved for the segment, with an adjusted EBTIDA loss of $436 million during the quarter, compared with $565 million in the same period last year.
The company’s film studios, also part of the content and experiences segment, saw revenue increase 12.3% to $2.83 billion compared to the prior year. Theatrical revenue was boosted by the recent successful releases of “Despicable Me 4” and “Twisters.”
NBCUniversal’s theme parks revenue decreased 5.3% to roughly $2.3 billion due to lower attendance. The theme parks have weighed on the company recently as surging attendance following Covid lockdowns has cooled.
Meanwhile, the broadband unit – the cornerstone of Comcast’s business – continued to reflect the ongoing industry trends.
Cable broadband customer growth has slumped across the industry. Comcast executives have pinned this on a slowdown in the buying and selling of homes. Competition has also ramped up from wireless providers like Verizon and T-Mobile.
For Comcast this quarter, it was a mixed bag. The government’s Affordable Connectivity Program (ACP), which had offered a discount for qualifying low income households, ended earlier this year.
Total domestic broadband net losses amounted to 87,000, but excluding those that stemmed from the end of the ACP, the company estimates there was growth of 9,000 customers.
Domestic broadband revenue increased 2.7% to $6.54 billion compared to the prior year, and average revenue per user – the continued source of growth for the segment despite lagging additions – increased 3.6%.
Meanwhile, Comcast’s wireless business added 319,000 customers, bringing its total to about 7.5 million lines. The company lost 365,000 cable TV customers during the quarter.
Disclosure: Comcast owns NBCUniversal, the parent company of CNBC. NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.
This story is developing. Please check back for updates.
We have all seen momo sellers outside our schools and colleges, right? Many of us have thought about setting up a stall and wondered just how much we could earn doing it. Well, a popular Instagram content creator recently shared a video exploring exactly that, giving us a peek into the earnings of a momo seller. The clip begins with the influencer enthusiastically declaring that he would see how much money he could make in a day by selling momos. He started by watching a momo vendor and learning from him, even jokingly asking, “Bhaiya aap mujhe kaam pe rakh loge?” (Brother, will you hire me?).
Also Read: Vlogger Sells Tea To See How Much He Can Earn. Internet Says, “Time To Switch Career Paths”
Then, the creator set up his first batch of momos as customers began to arrive one after another. The video progresses with the content creator detailing his experience at the momo shop. He noted the prices: A plate of steam momo was priced at Rs 60, while tandoori momos were sold for Rs 80.
In less than two hours, approximately 55 plates of momos were sold. As he began to feel tired, he remarked that the crowd of customers surged as it got dark. After selling so many momos, he joked that his mouth felt completely steamed.
The content creator highlighted the dedication required to run a successful momo business, realising just how many people in India enjoy momos daily. By the end of the day, he was stunned to learn that the vendor had sold out of stock within just four hours.
In a conversation with the momo seller, the content creator discovered the day’s total income. The seller reported they sold 121 plates of steam momos and 70-80 plates of tandoori momos, bringing the day’s total earnings to Rs 13,500. When asked about expenses, the momo seller revealed they ranged between 6,000 and 7,000 rupees.
Concluding the discussion, they estimated the seller’s monthly and annual income. The final figures showed a monthly income of around Rs 2,40,000 rupees and an annual income of Rs 30 lakh.
Watch the video here:
Also Read:Vlogger Shows Vada-Pav Street Vendor’s Monthly Income, Leaves Internet Stunned
The video has been viewed over 12 million times. Here is how the social media users reacted to the viral video:
A user said, “I will also sell momos brother.”
Another user mentioned, “Rs 30 lakh with no direct taxes.”
Someone wondered, “Should I set up a momo stall outside the college?”
“Send this to the mom and dad of engineering students,” read another comment.
A student wrote, “Bro is forcing me to stop preparing for JEE.”
A user, disagreeing with the content creator’s video, gave a detailed description of other hidden expenses of such food shops.
“Shop rent, labour costs, their stay costs (which need to be paid for by food labour), other than these electricity, water charges, pilferage, and so many other things are there. Don’t believe everything you see. Or else just be one person selling and making it on the road,” the user wrote.
Tate McRae, the queen of the Tater Tots fan group, is a young Canadian singer, songwriter, and dancer. Over the years, she has released chart-topping hits with millions of views, like Greedy and You Broke Me First. She is now compared to young popsters like Billie Eilish and has amassed not just wealth but several awards. Here we discuss Tate McRae’s net worth.
Tate McRae at the 2024 MTV Video Music Awards and the BRIT Awards 2024 at The O2 Arena in London, England. Photo: Kevin Mazur, Samir Hussein/WireImage (modified by author) Source: Getty Images
TABLE OF CONTENTS
From being the first Canadian finalist on the American reality television series So You Think You Can Dance in 2016, Tate McRae is now a music icon. With an almost 8-year music career, she has over 5.5 million subscribers on YouTube and close to five million followers on Instagram. She has collaborated with top artists like Khalid and Ali Gatie.
Profile summary
Full name
Tate Rosner McRae
Age
21 years old (as of 2024)
Nicknames
Taters, Tatey, Tatey-Pie
Date of birth
1 June 2003
Gender
Female
Zodiac sign
Cancer
Place of birth
Calgary, Alberta, Canada
Nationality
Canadian
Ethnicity
Mixed
Religion
Christianity
Sexuality
Straight
Height
5′8″ (173 cm)
Father
Todd McRae
Mother
Tanja Rosner
Siblings
1
Marital status
Dating
Boyfriend
The Kid Laroi
School
American International School Muscat, Western Canada High School
According to Celebrity Net Worth, the rising pop sensation is worth $4 million. She has promoted herself in her music career, which has earned her wealth and worldwide fans. During an interview with BBC, she said:
I think the biggest thing is making sure you and your core group of fans all love the music. Then it’s just about promoting the hell out of it on TikTok. It’s all self-promotion. You have to do it yourself. That whole weight is put on you, to make the song big.
How much does Tate McRae make?
There are many factors contributing to Tate McRae’s salary. According to Hype Auditor, an AI-powered marketing platform that uses a proprietary algorithm to determine estimated earnings, here is a summary of Tate’s revenue per month:
In addition to the above, her tickets for shows range from $71 to $91. Also, as per Seat Geek, her booking fee for a concert ranges from $75,000 to $149,999.
Facts about Tate McRae. Photo: Manny Carabel on Getty Images (modified by author) Source: Original
How does Tate McRae make money?
She earns money from music and record sales, streaming royalties, live performances, sold-out tours, endorsements, and dancing. Here is a look at her career and sources of wealth.
Dance/voice-over
As published on her IMDb page, Tate McRae’s performing arts career began at age six with dance training. She also attended the School of Alberta Ballet. She told KS95:
I definitely thought I will be a professional dancer when I grow up.
By 13, she had become the first Canadian finalist in So You Think You Can Dance and finished third in 2016.
McRae’s success continued with her winning multiple dance awards. She was also an ambassador for the Capezio brand (dance apparel company) and won medals at the Youth America Grand Prix. She has also graced Dance Spirit Magazine’s cover.
As a competitive dancer, she performed on The Ellen DeGeneres Show and Justin Bieber’s Purpose World Tour before she fully focused on music. Aside from dancing, from 2013 to 2015, she did voice acting for the animated series Lalaloopsy.
Music
McRae’s rise to fame began at the age of 17 years with her viral hit One Day back in 2017, which racked up an impressive 40 million views. That caught the attention of RCA Records, who signed her in 2019. Since then, she has released several chart-topping hits. Some of Tate McRae’s songs are:
Broke Me First
Greedy
Stupid
All the Things I Never Said
Tear Myself Apart
Too Young to Be Sad
Exes
I Used to Think I Could Fly
Tate McRae at the BRIT Awards 2024 at The O2 Arena in London, England. Photo: Lia Toby Source: Getty Images
In her music career, she has performed on popular shows like The Ellen DeGeneres Show, Jimmy Kimmel Live!, and The Tonight Show Starring Jimmy Fallon. McRae has also made waves at festivals like Firefly, Lollapalooza, Music Midtown, and the iHeartRadio Music Festival. She is also featured on the covers of Magazines like Dork.
She dominates online music platforms with almost five billion streams, over 765 million YouTube views, and almost 42 million monthly listeners on Spotify. Her song, Broke Me First, has over 271 million views and, Greedy, has over 158 million views on YouTube.
McRae’s success earns her steady streaming royalties and solidifies her music industry presence.
How many albums has Tate McRae released?
She has released two albums, but what is more interesting is that Tate McRae’s album sales are over 50,000. Her best-selling album is Too Young To Be Sad, which is over 45,000.
How successful is Tate McRae?
Her success is shown in the records she has broken over the years. The total streams and views on platforms are also worth considering.
What record did Tate McRae break?
Her singles, like You Broke Me First, have been three times certified Platinum, have over two billion streams, peaked at number 17 on the Billboard Hot 100, and became international hits.
Also, her song, Too Young to Be Sad, broke records and became Spotify’s most-streamed female EP of 2021. Greedy reached number 1 on the Canadian Hot 100 and Billboard Global 200.
Tate McRae before her performance. Photo: @tatemcrae on Instagram (modified by author) Source: Instagram
I remember the day I was on a walk with my mum…and I was like, oh my God, I am like number one on the Bubbling Under 100 chat, and it was like, this is the biggest day of my life.
Her success peaked when she was listed as Forbes 30 Under 30’s youngest musician in 2021. She posted on her Instagram:
Wowowowwo!!! WHATT just found out I’m in @forbes 30 UNDER 30 as the youngest musician…what an honor!!!
Tate McRae’s net worth is in the millions and stats show it is rising. Despite her young age, she has had great success in her career.
Briefly.co.za discussed Nate Bargatze, a renowned American stand-up comedian, podcaster, writer, and producer. With a career spanning over two decades, he is known for Netflix specials like The Tennessee Kid.
As one of America’s best-selling comedians, most fans want to know Bargatze’s net worth. Discover all about him and how he made it in the entertainment industry.
Tate McRae, the queen of the Tater Tots fan group, is a young Canadian singer, songwriter, and dancer. Over the years, she has released chart-topping hits with millions of views, like Greedy and You Broke Me First. She is now compared to young popsters like Billie Eilish and has amassed not just wealth but several awards. Here we discuss Tate McRae’s net worth.
Tate McRae at the 2024 MTV Video Music Awards and the BRIT Awards 2024 at The O2 Arena in London, England. Photo: Kevin Mazur, Samir Hussein/WireImage (modified by author) Source: Getty Images
TABLE OF CONTENTS
From being the first Canadian finalist on the American reality television series So You Think You Can Dance in 2016, Tate McRae is now a music icon. With an almost 8-year music career, she has over 5.5 million subscribers on YouTube and close to five million followers on Instagram. She has collaborated with top artists like Khalid and Ali Gatie.
Profile summary
Full name
Tate Rosner McRae
Age
21 years old (as of 2024)
Nicknames
Taters, Tatey, Tatey-Pie
Date of birth
1 June 2003
Gender
Female
Zodiac sign
Cancer
Place of birth
Calgary, Alberta, Canada
Nationality
Canadian
Ethnicity
Mixed
Religion
Christianity
Sexuality
Straight
Height
5′8″ (173 cm)
Father
Todd McRae
Mother
Tanja Rosner
Siblings
1
Marital status
Dating
Boyfriend
The Kid Laroi
School
American International School Muscat, Western Canada High School
According to Celebrity Net Worth, the rising pop sensation is worth $4 million. She has promoted herself in her music career, which has earned her wealth and worldwide fans. During an interview with BBC, she said:
I think the biggest thing is making sure you and your core group of fans all love the music. Then it’s just about promoting the hell out of it on TikTok. It’s all self-promotion. You have to do it yourself. That whole weight is put on you, to make the song big.
How much does Tate McRae make?
There are many factors contributing to Tate McRae’s salary. According to Hype Auditor, an AI-powered marketing platform that uses a proprietary algorithm to determine estimated earnings, here is a summary of Tate’s revenue per month:
In addition to the above, her tickets for shows range from $71 to $91. Also, as per Seat Geek, her booking fee for a concert ranges from $75,000 to $149,999.
Facts about Tate McRae. Photo: Manny Carabel on Getty Images (modified by author) Source: Original
How does Tate McRae make money?
She earns money from music and record sales, streaming royalties, live performances, sold-out tours, endorsements, and dancing. Here is a look at her career and sources of wealth.
Dance/voice-over
As published on her IMDb page, Tate McRae’s performing arts career began at age six with dance training. She also attended the School of Alberta Ballet. She told KS95:
I definitely thought I will be a professional dancer when I grow up.
By 13, she had become the first Canadian finalist in So You Think You Can Dance and finished third in 2016.
McRae’s success continued with her winning multiple dance awards. She was also an ambassador for the Capezio brand (dance apparel company) and won medals at the Youth America Grand Prix. She has also graced Dance Spirit Magazine’s cover.
As a competitive dancer, she performed on The Ellen DeGeneres Show and Justin Bieber’s Purpose World Tour before she fully focused on music. Aside from dancing, from 2013 to 2015, she did voice acting for the animated series Lalaloopsy.
Music
McRae’s rise to fame began at the age of 17 years with her viral hit One Day back in 2017, which racked up an impressive 40 million views. That caught the attention of RCA Records, who signed her in 2019. Since then, she has released several chart-topping hits. Some of Tate McRae’s songs are:
Broke Me First
Greedy
Stupid
All the Things I Never Said
Tear Myself Apart
Too Young to Be Sad
Exes
I Used to Think I Could Fly
Tate McRae at the BRIT Awards 2024 at The O2 Arena in London, England. Photo: Lia Toby Source: Getty Images
In her music career, she has performed on popular shows like The Ellen DeGeneres Show, Jimmy Kimmel Live!, and The Tonight Show Starring Jimmy Fallon. McRae has also made waves at festivals like Firefly, Lollapalooza, Music Midtown, and the iHeartRadio Music Festival. She is also featured on the covers of Magazines like Dork.
She dominates online music platforms with almost five billion streams, over 765 million YouTube views, and almost 42 million monthly listeners on Spotify. Her song, Broke Me First, has over 271 million views and, Greedy, has over 158 million views on YouTube.
McRae’s success earns her steady streaming royalties and solidifies her music industry presence.
How many albums has Tate McRae released?
She has released two albums, but what is more interesting is that Tate McRae’s album sales are over 50,000. Her best-selling album is Too Young To Be Sad, which is over 45,000.
How successful is Tate McRae?
Her success is shown in the records she has broken over the years. The total streams and views on platforms are also worth considering.
What record did Tate McRae break?
Her singles, like You Broke Me First, have been three times certified Platinum, have over two billion streams, peaked at number 17 on the Billboard Hot 100, and became international hits.
Also, her song, Too Young to Be Sad, broke records and became Spotify’s most-streamed female EP of 2021. Greedy reached number 1 on the Canadian Hot 100 and Billboard Global 200.
Tate McRae before her performance. Photo: @tatemcrae on Instagram (modified by author) Source: Instagram
I remember the day I was on a walk with my mum…and I was like, oh my God, I am like number one on the Bubbling Under 100 chat, and it was like, this is the biggest day of my life.
Her success peaked when she was listed as Forbes 30 Under 30’s youngest musician in 2021. She posted on her Instagram:
Wowowowwo!!! WHATT just found out I’m in @forbes 30 UNDER 30 as the youngest musician…what an honor!!!
Tate McRae’s net worth is in the millions and stats show it is rising. Despite her young age, she has had great success in her career.
Briefly.co.za discussed Nate Bargatze, a renowned American stand-up comedian, podcaster, writer, and producer. With a career spanning over two decades, he is known for Netflix specials like The Tennessee Kid.
As one of America’s best-selling comedians, most fans want to know Bargatze’s net worth. Discover all about him and how he made it in the entertainment industry.
SACRAMENTO, Calif. — Parents in California who profit from social media posts featuring their children will be required to set aside some earnings for their minor influencers under a pair of measures signed Thursday by Gov. Gavin Newsom.
California led the nation nearly 80 years ago in setting ground rules to protect child performers from financial abuse, but those regulations needed updating, Newsom said. The existing law covers children working in movies and TV but doesn’t extend to minors making their names on platforms such as TikTok and Instagram.
Family-style vlogs, where influencers share details of their daily lives with countless strangers on the internet, have become a popular and lucrative way to earn money for many.
Besides coordinated dances and funny toddler comments, family vlogs nowadays may share intimate details of their children’s lives — grades, potty training, illnesses, misbehaviors, first periods — for strangers to view. Brand deals featuring the internet’s darlings can reap tens of thousands of dollars per video, but there have been minimal regulations for the “sharenthood” industry, which experts say can cause serious harm to children.
“A lot has changed since Hollywood’s early days, but here in California, our laser focus on protecting kids from exploitation remains the same,” he said in a statement. “In old Hollywood, child actors were exploited. In 2024, it’s now child influencers. Today, that modern exploitation ends through two new laws to protect young influencers on TikTok, Instagram, YouTube, and other social media platforms.”
The California laws protecting child social media influencers follow the first-in-the-nation legislation in Illinois that took effect this July. The California measures apply to all children under 18, while the Illinois law covers those under 16.
The California measures, which received overwhelming bipartisan support, require parents and guardians who monetize their children’s online presence to establish a trust for the starlets. Parents will have to keep records of how many minutes the children appear in their online content and how much money they earn from those posts, among other things.
The laws entitle child influencers to a percentage of earnings based on how often they appear on video blogs or online content that generates at least 10 cents per view. The children could sue their parents for failing to do so.
Children employed as content creators on platforms such as YouTube will also have at least 15% of their earnings deposited in a trust for when they turn 18. An existing state law has provided such protection to child actors since 1939 after a silent film-era child actor Jackie Coogan sued his parents for squandering his earnings.
The new laws will take effect next year.
The laws have the support from The Screen Actors Guild-American Federation of Television and Radio Artists, or, SAG-AFTRA, and singer Demi Lovato, a former child star who has spoken publicly about child performers abuse.
“In order to build a better future for the next generation of child stars, we need to put protections in place for minors working in the digital space,” Lovato said in a statement. “I’m grateful to Governor Newsom for taking action with this update to the Coogan Law that will ensure children featured on social media are granted agency when they come of age and are properly compensated for the use of their name and likeness.”
The new laws protecting child influencers are part of ongoing efforts by Newsom to address the mental health impacts of social media on children. Newsom earlier this month also signed a bill to curb student phone access at schools and ban social media platforms from knowingly providing addictive feeds to children without parental consent.
A Dick’s Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California.
Kirby Lee | Getty Images News | Getty Images
Dick’s Sporting Goods on Wednesday blew past Wall Street’s earnings estimates in its fiscal second quarter and while the retailer did raise its full-year guidance as a result, the new outlook fell flat up against expectations.
The sporting goods store comes behind a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year as companies prepare for the presidential election in November and what some fear could lead to a slowdown in consumer spending.
Here’s how Dick’s did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
Earnings per share: $4.37vs. $3.83 expected
Revenue: $3.47 billionvs. $3.44 billion expected
The company’s reported net income for the three-month period that ended Aug. 3 was $362 million, or $4.37 per share, compared with $244 million, or $2.82 per share, a year earlier.
Sales rose to $3.47 billion, up about 8% from $3.22 billion a year earlier. Comparable sales climbed 4.5% — ahead of the 3.6% that analysts had expected, according to StreetAccount.
In a statement, CEO Lauren Hobart said comparable sales were driven by both transactions and tickets — indicating more people are coming to Dick’s stores and spending more while they’re there.
For fiscal 2024, Dick’s is now expecting diluted earnings per share to be between $13.55 and $13.90, up from previous guidance of $13.35 to $13.75 per share. At the midpoint, Dick’s only raised its earnings guidance by about 18 cents, even though its fiscal second-quarter earnings came in 54 cents higher than expected. At the low end, Dick’s earnings guidance falls a bit short of the $13.79 that analysts had expected, according to LSEG.
Dick’s maintained its sales guidance of $13.1 billion to $13.2 billion, which also fell flat compared with the $13.24 billion that analysts were looking for, according to LSEG. The company did raise its projections for comparable sales growth and is now expecting them to grow between 2.5% and 3.5%, up from previous guidance of 2% to 3%. The high end of the guidance is ahead of the 3% growth that analysts had expected, according to StreetAccount.
Last week, the company disclosed in a securities filing that it was the victim of a cyberattack and “certain confidential information” was breached. Dick’s said that it activated its “cybersecurity response plan” as a result and engaged with external experts to investigate and isolate the threat.
In its filing, Dick’s said it didn’t have any knowledge of the breach disrupting business operations and based on the information it had, it didn’t believe the incident was material.
This time last year, Dick’s shocked investors when it said that theft – along with aggressive markdowns for languishing inventory – would impact its full-year profit expectations, sending its stock down 24%. At the time, profits were down about 23% but given Wednesday’s earnings beat, it appears as if those woes are now behind the company.
A number of other retailers – including Target and Walmart – said over the last couple of weeks that shrink, or lost inventory from a range of factors including theft and damage, had moderated. One of the top issues that retailers said they were facing throughout 2023, shrink appears to be in the rearview mirror for some after making investments into operations, technology and a reduction in the use of self-checkout machines.
Over the last few weeks, a range of retailers put out second-quarter numbers that beat expectations but issued guidance for the last two quarters of 2024 that were either muted or poor compared with the company’s performance. Retailers have been bracing themselves for the upcoming election in November and the impact it could have on consumer spending. Beyond the election, there’s also uncertainties tied to the Federal Reserve’s expected rate cut and the impact that could have on discretionary spending.
Dick’s is slated to discuss its results with analysts and share more insights on its guidance at 8 a.m. ET.
