Benzinga

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) shares dropped after hours following its announcement of a 10-for-1 share consolidation effective July 13, 2026. The stock closed at $0.07 and fell about 15.86% after hours to $0.059. The company expects Class A shares to fall from about 113.81M to 11.38M, with adjusted options and warrants.

POP Culture Group (NASDAQ:CPOP) reported revenue of $68.9 million for the six months ended Dec. 31, 2025, up from $41.8 million a year earlier, according to the company. Digital entertainment revenue rose 79% to $66.57 million, while operating income increased to $6.58 million from $2.72 million. Management attributed results to digital expansion and improved operating efficiency.

Delta Air Lines reported Q2 net income of $1.60B, or $2.44/share, down from $2.13B, or $3.27/share a year earlier, citing higher fuel costs. Revenue rose 19% to $19.76B. Operating income fell 11% to $1.86B. Delta affirmed FY2026 adjusted earnings guidance of $6.50 to $7.50/share and expects Q3 EPS of $2.00 to $2.50.

Delta Air Lines said jet fuel costs have fallen but airfares will not, citing strong travel demand. In Q2, Delta reported passenger revenue up $1.7B, overall revenue up $3.1B, and adjusted fuel expense up $1.9B. It projects current-quarter fuel costs down 20% vs Q2 and adjusted income down $358M. Delta targets full-year earnings set in January.

Mesoblast (ASX: MSB) shares rose 6.67% to A$2.24 after the company reported fourth-quarter net revenue of US$36 million for the three months ended 30 June 2026, above market expectations. Full-year revenue was US$115 million, driven by stronger US uptake of its Ryoncil therapy in paediatric transplant patients.

PepsiCo said Q2 net revenue rose 6.4% to $24.2B, beating FactSet’s $23.9B estimate, and net income more than doubled to $2.98B. However, North America demand weakened as consumers cut back amid higher gas prices, with snack volumes flat and beverage volumes down 4%. Overseas volumes rose 3% snacks and 2% beverages.