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Q2 2026 · NSE · Aug 15, 2026
Bharti Airtel's Q1 FY27 net income attributable to owners rose 37.3% YoY to Rs8,167.4 crore on genuinely clean operating growth - revenue up 18.4%, EBITDA up 19.3% to a fresh 57.4% margin. But nearly half of that consolidated growth, and the quarter's two biggest disclosures, came from Africa: a stake increase to 79.1% via an all-share swap, and a first-ever announcement that Airtel Money is preparing for a London listing in H2 2026, even as India's own mobile revenue growth held below 10% for a third straight quarter.
Q2 2026 · NASDAQ · Aug 15, 2026
MercadoLibre's Q2 2026 10-Q shows net revenue and financial income crossing $10 billion for the first time (+49.8% YoY to $10,169 million), but operating margin stayed compressed at 6.7% (from 12.2% a year ago) as direct contribution margin fell in every one of the four country segments. Adjusted free cash flow turned positive again, to $214 million, reversing Q1's outflow, but a Brazil-Argentina withholding-tax dispute this coverage has tracked since FY2025 just lost its appeal - the provision grew to $632 million and the Company opened two new related cases in May 2026 to try a narrower legal argument.
Q2 2026 · NSE · Aug 15, 2026
Swiggy's Q1 FY27 (quarter ended June 30, 2026) delivered exactly what CFO Rahul Bothra promised a year ago - Quick Commerce hit contribution-margin breakeven in May 2026 - and consolidated revenue grew 37.3% year-over-year to Rs. 6,812 crore. But the headline net loss of Rs. 791 crore barely narrowed sequentially (just 1.1% versus Q4 FY26's Rs. 800 crore), because management chose this exact moment to pivot from margin discipline back toward growth, deliberately loosening Instamart's contribution-margin target to -100 basis points. Food Delivery kept compounding (Rs. 299 crore segment profit, up 48.0% year-over-year), Quick Commerce's own segment loss narrowed to Rs. 651 crore, and the stock closed the quarter at Rs. 239.35 - its lowest close since listing, 38.6% below the IPO price.
Q2 2026 · NSE · Aug 15, 2026
Vodafone Idea's Q1 FY27 net loss narrowed 43.2% YoY to Rs3,754 crore on real revenue, EBITDA, and subscriber-growth progress - but the shareholders' deficit widened again this quarter, a reminder that last quarter's headline profit was a one-time AGR accounting credit, not a business turnaround. The Rs100,000 crore three-year funding bridge still isn't closed.
Q2 2026 · NYSE · Aug 15, 2026
DoorDash's Q2 2026 10-Q shows Adjusted EBITDA up 40% to $914 million and revenue up 36% to $4.454 billion, even as GAAP net income fell 30% to $200 million on non-operating items. The buyback jumped from $162 million in Q1 to $887 million in Q2, and as a subsequent event the company more than doubled its revolving credit facility to $2.0 billion while loosening covenants and releasing guarantors.
Q2 2026 · NYSE · Aug 15, 2026
Coupang's Q2 2026 net revenue grew 4% (10% constant currency) to $8.856 billion, but a $410 million accrual for two Korean privacy-regulator fines drove operating income to a $(556) million loss and a $(570) million net loss - management's own preferred number, excluding the fines, was a $(160) million loss, a real but far smaller problem.
Q1 2026 · NASDAQ · Aug 15, 2026
PDD Holdings' first unaudited quarterly results of 2026 show an operating business that's actually re-accelerating - revenue up 11%, operating profit up 22% - while a nearly RMB6 billion swing in non-operating items dragged net income down 15%. This is the first quarter of the coverage where the operating story and the headline number genuinely diverge.
Q1 2026 · NSE · Aug 15, 2026
Vodafone Idea reported a Rs51,970 crore quarterly net profit for Q4 FY26 - its first profitable quarter since the 2018 merger - but Rs57,491 crore of that came from a one-time accounting credit tied to a government AGR reassessment, not from the business. Strip that out and the underlying operating loss actually widened, even as revenue, ARPU, and the subscriber base all showed real, if modest, improvement.
Q2 2026 · NYSE · Aug 15, 2026
Block returned to GAAP profitability in Q2 2026 — gross profit up 25%, Adjusted Diluted EPS up 65% — even as its accrual for the unresolved Department of Justice investigation more than doubled, from $240 million to $526 million, in the same quarter.
Q2 2026 · NYSE · Aug 15, 2026
Sea's Q2 2026 GAAP revenue hit a new record of $7.8 billion, up 48.1% year-over-year, but Total Adjusted EBITDA grew only 10.6% — the same wide revenue-to-profit gap this series flagged at Q1 2026, still unresolved a quarter later. Shopee's own segment operating income grew just 3.5% year-over-year despite the segment's revenue jumping 48.2%, and the ADS closed the quarter at $95.83 — a real recovery from Q1's crash, but still sitting just below this series' own DCF bear case.
