Bloomberg Intelligence BI Weekend: Deere Earnings, Paramount, UFC Deal
7 snips
Aug 15, 2025 Sagit Manor, CFO of Nayax, a leading fintech innovator in self-service payment solutions, shares insights on the company's recent earnings. He discusses the evolving landscape of unattended payment technology and highlights strategic partnerships in the electric vehicle sector. The conversation also explores challenges in inventory management for agriculture and potential market opportunities for small businesses. Additionally, the podcast dives into Paramount's $7.7 billion UFC acquisition, aiming to bolster its streaming service amidst competitive media landscapes.
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Deere's Earnings Beat Masked Weakness
- Deere's beat was low-quality, driven mainly by a lower tax rate rather than improving demand.
- Construction weakness and tariff-driven costs prompted a cut to 2025 guidance, though farm fundamentals stayed unchanged.
Ag Cycle Recovery Will Be Modest
- Farm fundamentals remain weak with falling crop prices and high interest rates limiting farmer purchases.
- Inventories are declining, which could let production and pricing recover modestly in 2026.
Manage Inventory With Targeted Programs
- Deere underproduced against retail demand to reduce new-equipment inventories this year.
- Use merchandising programs and pool funds to clear excess used equipment like tractors.