![]() Net revenues are estimated to register low-double-digit growth in the fiscal third quarter. On Apr 25, 2023, management sanctioned a quarterly cash dividend of 45 cents per share, which will be paid out on Jun 1, 2023, to shareholders of record as of May 12, 2023. V authorized funds of $11.8 billion remaining under its share buyback program as of Mar 31, 2023. Visa rewarded $3.2 billion to shareholders via share buybacks of $2.2 billion and dividends of $1 billion in the March-end quarter. The fiscal second quarter free cash flows of $3,650 million rose from $3,222 million a year ago. Visa generated net cash from operations of $8,031 million in the six months ended Mar 31, 2023, which increased from $7,721 million a year ago. Total equity grew from the fiscal 2022 end level of $35.6 billion to $38.6 billion. V’s long-term debt was $20.6 billion, which inched up from the prior-year-end level of $20.2 billion. Total assets of $86.8 billion increased from the fiscal 2022 end level of $85.5 billion. Visa exited the March-end quarter with cash and cash equivalents of $13.8 billion, which dropped from the prior-year-end level of $15.7 billion. Interest expenses were $142 million, up 3.6% year over year. Non-GAAP operating expenses escalated 13% year over year. The increase was due to elevated personnel costs and professional fees. Total operating expenses of $2.6 billion increased 11% year over year, missing our estimate of $2.7 billion. ![]() The metric amounted to 26.7% of Visa’s gross revenues of $10.9 billion. Other revenues of $551 million climbed 16% year over year, which missed the consensus mark of $570.6 million but beat our estimate of $514.1 million.Ĭlient incentives (a contra-revenue item) of Visa escalated 18% year over year to $2.9 billion in the quarter under review. International transaction revenues advanced 24% year over year to $2.7 billion, which outpaced the Zacks Consensus Estimate by 1.7% and our estimate of $2.5 billion on higher cross-border volume. V’s data processing revenues of $3.8 billion grew 10% year over year in the quarter under review, meeting our estimate and beating the consensus mark of $3.7 billion. The metric beat the Zacks Consensus Estimate and our estimate of $3.6 billion. Service revenues improved 7% year over year to $3.8 billion in the March-end quarter on the back of better payment volume. Excluding transactions within Europe, its cross-border volume (that boosts a company’s international transaction revenues) advanced 32% year over year on a constant-dollar basis. On a constant-dollar basis, the cross-border volume of Visa climbed 24% year over year in the quarter under review. Processed transactions (implying transactions processed by Visa) totaled 50.1 billion, which rose 12% year over year and beat our estimate of 49 billion. Visa’s payment volume grew 10% year over year on a constant-dollar basis in the fiscal second quarter. price-consensus-eps-surprise-chart | Visa Inc. Stay tuned for a more specific release date as we wait to learn more about how the team will expand its vampire action game.Visa Inc. ![]() Stunlock expects update 2 to represent the full release of V Rising out of early access, while the contents of update 3 are a total mystery. The V Rising Secrets of Gloomrot update releases in May and is the first of three major updates. “Each area will bring a new wave of challenges, technologies, and enemies, both great and small, with plenty of space to stretch out and settle your multi-floor strongholds.” “This new biome will be almost the same size as Dunley Farmlands and is divided into two unique sections, Gloomrot South and Gloomrot North,” Stunlock explained. Robust castle-building mechanics are on the way as well, so V Rising Secrets of Gloomrot will kick off what is hopefully a long life of updates from Stunlock. Changes to the map, enemy variety, progression, and the spell system arrive as part of the update, too, with various quality-of-life improvements, a jewel system, a new spell school, and trading posts also coming in the package. You can see how Secrets of Gloomrot fits into V Rising in the map below.Īs Stunlock explains, Secrets of Gloomrot is more than just a “big patch.” It encompasses a host of fresh content, including new weapons like the Greatsword and new weapon skills. It’s enough bloody carnage to keep vampires satisfied for hours of more gameplay, but the real pull is Gloomrot itself, a brand new area filled with experiments gone wrong. Information for this first of three expansions was revealed in a blog post that goes over all of its new content, features, and gameplay changes. V Rising players can sink their teeth into Stunlock Studios’ first major update, Secrets of Gloomrot , when it launches for free on PC this May.
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