Latest news with #DSPs
Economic Times
7 hours ago
- Automotive
- Economic Times
Driving Change: Ecomm firms amp up for sustainable future
Live Events Long-term impact (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery , especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate Flipkart is looking to make its entire logistics fleet electric. After achieving the operational fleet milestone of 10,000 EVs last September, the company expanded its EV lineup by more than a third within six FY25, Eternal, which also owns the Blinkit quick-commerce brand, completed more than 87 million EV-based food deliveries, a 40% rise from the previous year, expanding its EV rider base to over 37,000 across over 425 EV fleet has more than doubled to 10,500 scooters this year, from 5,000 two years ago, with a third of the delivery fleet using electric scooters for order deliveries. Rival Swiggy announced a goal of transitioning to a full EV delivery fleet by 2030.'Beyond environmental benefits, sustainability investments unlock new market opportunities and resonate with conscious consumers, strengthening customer loyalty. This balanced approach allows us to operate more efficiently, reduce waste, and build a more resilient business model,' said Abhinav Singh, vice president, operations, Amazon India and India deployed over 10,000 EVs in its delivery fleet as of October 2024, achieving the goal more than a year ahead of its 2025 target. These EVs operate in more than 500 cities across India, and the programme enables Delivery Service Partners (DSPs) to lease primary goal is to achieve net-zero carbon by 2040, with electrifying last-mile deliveries as a key aspect. A Research & Markets report valued India's online food ordering and delivery market at $31.77 billion in 2024, and it is expected to grow at 28.17% compounded annually to around $140.85 billion by 2030. Using EVs for deliveries would help companies to reduce their climate footprint.'At Flipkart, our approach to logistics is rooted in sustainability, innovation, and long-term impact,' said Nishant Gupta, head of sustainability, Flipkart. 'Today, more than 70% of our grocery deliveries are fulfilled using EVs.'The cost advantage also positively benefits delivery agents using these vehicles. Gupta said, 'Our goal isn't just to meet sustainability targets but to shape a resilient and future-ready supply chain that contributes to a cleaner India.'Companies are rapidly expanding charging infrastructure, partnering with EV makers and EV aggregation platforms, and forging tie-ups to give riders exclusive EV leasing installed more than 3,000 EV charging sockets across its dark stores and BB Now stores, which it will continue expanding, said chief operating officer TK Tata Group company is working with EV aggregators such as Zypp and Yulu for accelerating EV adoption besides engaging with national third-party logistics (3PL) partners for scaling up EV fleet which aims to shift to 100% EV-based food deliveries by 2030, actively supports delivery partners to transition to EVs via a three-pronged strategy—raising EV awareness, building partnerships, and promoting EV ownership. 'We educate delivery partners through multilingual videos and app-based updates, and facilitate easy access to rentals and charging infrastructure through integrations with over 40 rental partners, battery-swapping networks and logistics service providers,' said Anjalli Ravi Kumar, chief sustainability officer, accelerate the adoption and improve accessibility of EVs for delivery partners, Zomato launched an EV rental bike fleet in Delhi, facilitating two-wheeler EVs on rent to its delivery partners. It has introduced 300 EV bikes through this pilot phase.
Time of India
7 hours ago
- Automotive
- Time of India
Driving Change: Ecomm firms amp up for sustainable future
Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery , especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After achieving the operational fleet milestone of 10,000 EVs last September, the company expanded its EV lineup by more than a third within six months. In FY25, Eternal, which also owns the Blinkit quick-commerce brand, completed more than 87 million EV-based food deliveries, a 40% rise from the previous year, expanding its EV rider base to over 37,000 across over 425 cities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy the Dip: Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read Now Undo BigBasket's EV fleet has more than doubled to 10,500 scooters this year, from 5,000 two years ago, with a third of the delivery fleet using electric scooters for order deliveries. Rival Swiggy announced a goal of transitioning to a full EV delivery fleet by 2030. Live Events 'Beyond environmental benefits, sustainability investments unlock new market opportunities and resonate with conscious consumers, strengthening customer loyalty. This balanced approach allows us to operate more efficiently, reduce waste, and build a more resilient business model,' said Abhinav Singh, vice president, operations, Amazon India and Australia. Amazon India deployed over 10,000 EVs in its delivery fleet as of October 2024, achieving the goal more than a year ahead of its 2025 target. These EVs operate in more than 500 cities across India, and the programme enables Delivery Service Partners (DSPs) to lease them. Long-term impact Amazon's primary goal is to achieve net-zero carbon by 2040, with electrifying last-mile deliveries as a key aspect. A Research & Markets report valued India's online food ordering and delivery market at $31.77 billion in 2024, and it is expected to grow at 28.17% compounded annually to around $140.85 billion by 2030. Using EVs for deliveries would help companies to reduce their climate footprint. 'At Flipkart, our approach to logistics is rooted in sustainability, innovation, and long-term impact,' said Nishant Gupta, head of sustainability, Flipkart. 'Today, more than 70% of our grocery deliveries are fulfilled using EVs.' The cost advantage also positively benefits delivery agents using these vehicles. Gupta said, 'Our goal isn't just to meet sustainability targets but to shape a resilient and future-ready supply chain that contributes to a cleaner India.' Companies are rapidly expanding charging infrastructure, partnering with EV makers and EV aggregation platforms, and forging tie-ups to give riders exclusive EV leasing benefits. BigBasket installed more than 3,000 EV charging sockets across its dark stores and BB Now stores, which it will continue expanding, said chief operating officer TK Balakumar. The Tata Group company is working with EV aggregators such as Zypp and Yulu for accelerating EV adoption besides engaging with national third-party logistics (3PL) partners for scaling up EV fleet deployment. Eternal, which aims to shift to 100% EV-based food deliveries by 2030, actively supports delivery partners to transition to EVs via a three-pronged strategy—raising EV awareness, building partnerships, and promoting EV ownership. 'We educate delivery partners through multilingual videos and app-based updates, and facilitate easy access to rentals and charging infrastructure through integrations with over 40 rental partners, battery-swapping networks and logistics service providers,' said Anjalli Ravi Kumar, chief sustainability officer, Eternal. To accelerate the adoption and improve accessibility of EVs for delivery partners, Zomato launched an EV rental bike fleet in Delhi, facilitating two-wheeler EVs on rent to its delivery partners. It has introduced 300 EV bikes through this pilot phase.
Yahoo
2 days ago
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Roku's Q1 Earnings Call
Roku's first quarter results for 2025 were met with a negative market reaction, as investors focused on the company's mixed performance versus Wall Street expectations. Management pointed to the ongoing shift from linear TV to streaming as a key driver, highlighting strong growth in total hours streamed and progress in diversifying revenue streams across advertising and subscriptions. CEO Anthony Wood explained that investments in programmatic advertising and deepening integrations with third-party demand-side platforms (DSPs) supported ad revenue growth, even as advertisers became more selective and sought higher returns on investment. The acquisition of Frndly, a streaming subscription bundle, was cited as a step toward expanding recurring revenue and strengthening the platform's competitive position. Is now the time to buy ROKU? Find out in our full research report (it's free). Revenue: $1.02 billion vs analyst estimates of $1.01 billion (15.8% year-on-year growth, 1.5% beat) Adjusted EBITDA: $56.02 million vs analyst estimates of $60.43 million (5.5% margin, 7.3% miss) Revenue Guidance for Q2 CY2025 is $1.07 billion at the midpoint, below analyst estimates of $1.09 billion EBITDA guidance for the full year is $350 million at the midpoint, above analyst estimates of $337.7 million Operating Margin: -5.7%, up from -8.2% in the same quarter last year Total Hours Streamed: 35.8 billion, up 5 billion year on year Market Capitalization: $12.27 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Cory Carpenter (JPMorgan) asked about Roku's confidence in reiterating full-year guidance given macro uncertainty. CEO Anthony Wood and CFO Dan Jedda cited platform diversification and secular streaming trends as supporting factors. Brent Navon (Bank of America) inquired about Roku's ability to buffer against further macro deterioration. Jedda responded that ongoing advertising and subscription initiatives should help offset potential headwinds, but acknowledged the company is not immune to major downturns. Vasily Karasyov (Cannonball Research) questioned the incrementality of programmatic revenue. President Charlie Collier explained that while some revenue comes from shifting direct buyers, new partnerships and self-service tools are bringing in incremental demand. Laura Martin (Needham) probed the rationale behind the Frndly acquisition and the company's use of first-party data. Wood and Collier detailed Frndly's growth potential and explained the focus on leveraging proprietary data to enhance advertising performance rather than selling it directly. Matt Thornton (FBN Securities) asked about the impact of tariffs on device margins and the inclusion of Frndly in guidance. Ozgen detailed the company's manufacturing agility and Jedda confirmed Frndly's contribution was assumed in guidance. Looking ahead, the StockStory team will be watching (1) the pace of ad revenue growth as programmatic buying becomes a larger share of the mix, (2) the integration and growth trajectory of Frndly and its impact on recurring revenue, and (3) the effectiveness of Home Screen enhancements in driving engagement and monetization. Execution against tariff mitigation strategies and continued growth in streaming households will also be important signposts. Roku currently trades at $86.08, up from $67.30 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
21-06-2025
- Automotive
- Business Insider
Amazon Ditches Kia Trial and Goes Back to Gig Workers for Deliveries
Gig workers have got their gig back at U.S. tech giant Amazon (AMZN) after it ditched a two year long delivery experiment. Confident Investing Starts Here: Car Plan Scrapped Amazon has, according to Bloomberg, scrapped a trial where contract delivery firms in several US states deployed drivers for four- or five-hours shifts in boxy little Kia Corp. hatchback cars. Amazon hoped that the trial, which began to roll out in 2023 in Florida, Illinois, Massachusetts, Ohio, Texas and Washington, would give it more control of deliveries and reduce its reliance on Flex drivers. These are people who use their own cars to deliver orders to customers' homes. These gig economy workers will now once again get behind the wheel. Reportedly owners of the participating Delivery Service Partners, as Amazon calls its contract delivery firms, were recently notified that the quick-delivery program will be winding down over the next few months. 'After more than a year of gathering feedback from customers, DSPs, and teams at Same-Day Delivery facilities, we've determined that the DSP model isn't currently the right fit for Same-Day Delivery and we'll be moving away from it,' Amazon spokesperson Steve Kelly said. 'We appreciate the contributions from participating DSPs and their teams, and we'll provide support throughout this transition.' Speed Need Kelly said the affected DSPs can operate other Amazon routes. These DSPs lease blue Amazon Prime-branded vans and employ the drivers, who might deliver 200 or more packages a day. Flex drivers opt in via a smartphone app and typically deliver packages from Amazon's same-day delivery depots. (WMT) and Target (TGT). It recently announced plans to invest up to $4 billion to expand its rural delivery network by 2026. Is AMZN a Good Stock to Buy Now? On TipRanks, AMZN has a Strong Buy consensus based on 46 Buy and 1 Hold ratings. Its highest price target is $305. AMZN stock's consensus price target is $241.64 implying a 15.13% upside.
Yahoo
20-06-2025
- Business
- Yahoo
Amazon Ends Speedy Delivery by Kia Soul in Favor of Gig Workers
(Bloomberg) -- Inc. is ending an experiment that saw drivers in Kia Souls make same-day deliveries and will rely on its network of gig-economy workers instead. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown In the test, Amazon contract delivery firms in several US states deployed drivers for four- or five-hours shifts in the boxy little Kia Corp. hatchbacks. The trial, which began to roll out in 2023, gave the world's largest online retailer more control over deliveries. If widely deployed, it also could have reduced the company's reliance on Amazon Flex drivers, who use their own cars to ferry orders to customers' homes. Those gig workers will now pick up the affected routes. Owners of the participating Delivery Service Partners, as Amazon calls its contract delivery firms, were recently notified that the quick-delivery program will be winding down over the next few months, the company confirmed. 'After more than a year of gathering feedback from customers, DSPs, and teams at Same-Day Delivery facilities, we've determined that the DSP model isn't currently the right fit for Same-Day Delivery and we'll be moving away from it,' Amazon spokesperson Steve Kelly said in an emailed statement. 'We appreciate the contributions from participating DSPs and their teams, and we'll provide support throughout this transition.' Amazon tested the concept in Florida, Illinois, Massachusetts, Ohio, Texas and Washington. Kelly said the affected DSPs can operate other Amazon routes and that the company will help drivers get jobs with other firms, if necessary. The program's vehicles were rentals and will be returned to the vendor, he said. Amazon, which started out relying exclusively on the US Postal Service and other carriers to get goods to customers, in the last decade built a sprawling logistics operation centered around small businesses. These DSPs lease blue Amazon Prime-branded vans and employ the drivers, who might deliver 200 or more packages a day. Flex drivers opt in via a smartphone app and typically deliver packages from Amazon's same-day delivery depots. Both programs have been criticized by workers' advocates who contend that the drivers, operating at Amazon's direction, should be classified as company employees. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P.
