United Parks & Resorts Stock (NYSE: PRKS)

United Parks & Resorts

United Parks & Resorts Inc operates in the United States leisure industry. Its core business is the operation of theme parks and such entertainment facilities involving sea animals across the country under prominent brands such as SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. The company generates majority of its revenue from selling admission tickets for its theme parks.

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PRKS

United Parks Q4 earnings miss estimates due to weather impacts, but sales surpass expectations and shares rise 1.95%.





United Parks Q4 Earnings Miss Estimates As &#39;Unusually Poor&#39; Weather Impacts Results

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Attendance reached 7 million guests. That&#39;s down by about 1.4% compared to Q3 2023. Why? Hurricanes Debby and Helene.

United Parks Q3 Revenue Falls Short Due To Hurricane Impact, But Future Demand And Sales Show Resilience

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Hurricane Helene could cause severe damage to regions in Florida and Georgia Thursday and Friday. A look at the impact on sports and stocks to watch.

Hurricane Helene Disrupts Flights, Sports Events, Disney Operations: Affected Regions, Stocks To Watch

United Parks & Resorts Inc

Earnings Beats

Telefonica FY Sales  €41.315B Beat  €40.916B Estimate

Eni Q4 EPS €0.07 Up From €0.05 YoY, Sales €23.972B Down From €24.976B YoY

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) unveiled its deeper partnership with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) during its earnings call after reporting <a href="https://www.benzinga.com/news/earnings/25/02/43991826/snowflake-beats-q4-estimates-expands-microsoft-partnership-to-include-openai-models">better-than-expected</a> fourth-quarter results. The data cloud company introduced its new artificial intelligence agent Cortex for enhanced productivity and data access.
What Happened: The company announced that it has expanded its partnership with Microsoft, which brings OpenAI&#8217;s models into Cortex.
Cortex Agents are a new class of AI agents from Snowflake that can perform a variety of business tasks using structured and unstructured data. Cortex is also powered by other large language models.
&#8220;We are supporting a range of market-leading models, including Anthropic&#8217;s Claude, Meta Llama, and DeepSeek,&#8221; said CEO Sridhar Ramaswamy.
The CEO also added, &#8220;We are making Cortex Agents available in Microsoft 365 CoPilot and Microsoft Teams, bringing millions of users, seamless access to information, and accelerated productivity, all within the Microsoft platform.&#8221;
During the earnings call, Ramaswamy highlighted how AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) is using Snowflake&#8217;s AI and machine learning technology to, accelerate drug discovery and development, aiming for 20 new medicines by 2030.
He also explained that State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) leverages Snowflake AI to uncover market insights for better investment decisions.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43998226/jensen-huangs-nvidia-fuels-ai-factory-boom-revenue-growth-in-data-center-business-dominates-peers-with-a-staggering-3460-growth-over-5-years">Jensen Huang&#8217;s Nvidia Fuels &#8216;AI Factory&#8217; Boom: Revenue Growth In Data Center Business Dominates Peers With A Staggering 3460% Growth Over 5 Years</a>
Why It Matters: Snowflake beat analyst expectations in its latest quarterly results. Earnings per share came in at 30 cents, significantly exceeding the 17 cents per share predicted by analysts. Revenue also soared to $986.77 million, surpassing the anticipated $955.93 million and marking a substantial jump from $774.7 million in the same period last year.
Despite the strong performance, Snowflake&#8217;s future projections fell short of analyst expectations. The company anticipates first-quarter revenue between $955 million and $960 million, lower than the $1 billion estimate. For fiscal 2026, Snowflake projects revenue of $4.28 billion, missing the $4.41 billion estimate.
Price Action: SNOW rose 1.21% on Wednesday and jumped 9.06% in after-hours, this outpaced the 0.05% rise in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 index.
The stock remains 5.51% higher on a year-to-date basis and down 28.99% over a year.
<a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">Benzinga tracks 38 analysts</a> with an average price target of $193.42 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $121 to $235. Recent ratings from Rosenblatt, Citigroup, and Canaccord Genuity average $218.33, suggesting a potential 20.46% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/SNOW/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="381" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27025756/SNOW-ANR-1024x381.png" alt="" class="wp-image-800957" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27025756/SNOW-ANR-1024x381.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27025756/SNOW-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27025756/SNOW-ANR-768x286.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27025756/SNOW-ANR.png 1059w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43969651/billionaire-ray-dalio-says-ai-risks-totalitarian-control-or-anarchy-as-it-could-reshape-world-in-next-5-years-here-is-a-list-of-ai-linked-etfs-for-investors-to-consider">Billionaire Ray Dalio Says AI Risks &#8216;Totalitarian Control Or Anarchy&#8217; As It Could Reshape World In Next 5 Years: Here Are AI-Linked ETFs For Investors To Consider</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Analyst Ratings

MSFT

SNOW

Snowflake Expands Microsoft, OpenAI Partnership: Will Include Other Prominent Models Like Anthropic's Claude, Meta's Llama, And DeepSeek

Elon Musk&#8217;s rocket manufacturing company SpaceX said on Thursday that its Starship launch vehicle is now slated to launch as soon as Monday. The rocket was <a href="https://www.benzinga.com/general/space/25/02/43934345/starship-yet-to-get-regulatory-clearance-for-upcoming-flight-but-elon-musks-spacex-hopeful-for-friday-launch">previously set to launch</a> on Friday.
What Happened: The company announced the delay in the timeline in a post on social media platform X, without providing a reason. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Now targeting to launch Starship&#39;s eighth flight test as soon as Monday, March 3 → <a href="https://t.co/alyJTRtOIP">https://t.co/alyJTRtOIP</a> <a href="https://t.co/nVu5uHMGwi">https://t.co/nVu5uHMGwi</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1894979625123799116?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
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Why It Matters: For the upcoming test flight, SpaceX is eyeing Starship's first payload deployment and experiments aimed at returning the upper stage of the two-stage vehicle to the launch site for catch. The company will also attempt to return and catch the vehicle's Super Heavy booster, failing which it will have a soft splashdown in the Gulf of America.
SpaceX will attempt to deploy four Starlink simulators on its next flight, similar in size to the next generation of Starlink satellites.
SpaceX last launched Starship on Jan. 16.&nbsp;The spacecraft lifted off from Starbase in Texas at 4:37 p.m. CT, and the vehicle booster landed back at the launch site after separation from its first stage.
The spacecraft, however,&nbsp;<a href="https://www.benzinga.com/25/01/43046722/starship-explodes-during-flight-test-elon-musk-says-success-is-uncertain-but-entertainment-is-guaranteed" target="_blank" rel="noreferrer noopener">disintegrated in space during the flight test owing to a propellant leak.</a>&nbsp;The FAA subsequently ordered an investigation into the incident following reports of public property damage in Turks and Caicos. The company is working with the FAA to either close the mishap investigation or get a green light for its next Starship flight, it said on Monday. 
The upcoming test flight would be Starship's eighth to date and second this year. SpaceX started testing Starship in April 2023.
The Starship vehicle is part of big dreams. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship. However, the vehicle is currently in the testing and development phase.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/02/43967170/lucids-interim-ceo-clarifies-on-peter-rawlinsons-earlier-statement-doesnt-mean-we-are-deprioritizing-our-automotive-car-business" target="_blank" rel="noreferrer noopener">Lucid's Interim CEO Clarifies On Peter Rawlinson's Earlier Statement: ‘Doesn't Mean We Are Deprioritizing Our Automotive Car Business'</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Tech

SpaceX Starship's 8th Test Flight Delayed: Now Slated For As Soon As Monday

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Earnings Scheduled For February 27, 2025

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported fourth-quarter revenue of $39.3 billion, representing an extraordinary growth trajectory that has seen quarterly revenue multiply nearly eight times in just five years, according to data shared Wednesday by The Kobeissi Letter.
What Happened: The chipmaker&#8217;s daily revenue reached $427 million throughout the fourth quarter, with data center sales—primarily from AI-focused GPUs—surging 93% year-over-year to $35.6 billion, now accounting for over 90% of total revenue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nvidia&#39;s, <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>, Q4 Revenue by Year: 1. 2015: $1.4B 2. 2016: $2.2B 3. 2017: $2.9B 4. 2018: $2.2B 5. 2019: $3.1B 6. 2020: $5B 7. 2021: $7.6B 8. 2022: $6.1B 9. 2023: $22.1B 10. 2024: $39.3B Nvidia&#39;s Q4 2024 revenue of $39.3 billion is now nearly 8 TIMES higher than it was 5 years…
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1894862360029929924?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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Despite beating analyst expectations with earnings per share of $0.89 versus $0.84 expected and revenue exceeding forecasts by $1 billion, NVDA shares traded slightly lower after the announcement, continuing a pattern of muted post-earnings reactions.
Analyst John Kicklighter noted that the stock exhibited &#8220;lots of volatility, but no clear direction,&#8221; with a range of approximately 8% from the spot relative to Nvidia.
RiskReversal Co-Founder Guy Adami expressed concern about potential margin deceleration, <a href="https://www.cnbc.com/video/2025/02/26/fast-money-traders-talk-nvidia-q4-results.html">telling</a> CNBC, &#8220;If margins start to decelerate, that&#8217;s when these stories typically get long in the tooth.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nvidia earnings beats versus expectations. &#8211; EPS of $0.89 vs $0.84 expected &#8211; Revenue of $39.3 Bln vs $38.3 Bln expected Lot&#39;s of volatility, but no clear direction. Range of ~8% of spot from <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>: <a href="https://t.co/r4n2r0ZqU1">pic.twitter.com/r4n2r0ZqU1</a>
&mdash; John Kicklighter (@JohnKicklighter) <a href="https://twitter.com/JohnKicklighter/status/1894863290414535071?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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Why It Matters: CEO Jensen Huang highlighted increasing computational demands in AI, saying that next-generation models require &#8220;100 times more compute&#8221; than earlier versions. He specifically cited DeepSeek&#8217;s R1, OpenAI&#8217;s GPT-4, and xAI&#8217;s Grok 3 as examples of models using <a href="https://www.benzinga.com/markets/equities/25/02/43995515/jensen-huang-says-deepseek-was-fantastic-next-gen-models-demand-100x-more-compute-as-nvidia-smashes-earnings-records">intensive reasoning processes</a>.
&#8220;DeepSeek was fantastic,&#8221; Huang said, praising its open-source reasoning model despite the company&#8217;s stock dropping 17% in January over concerns that DeepSeek had found ways to achieve better AI performance with lower infrastructure costs.
Nvidia forecasts <a href="https://www.benzinga.com/news/earnings/25/02/43991607/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-demand-for-blackwell-is-amazing">first-quarter revenue</a> of $43 billion, topping estimates of $41.75 billion. Huang says Blackwell AI supercomputers saw &#8220;billions in sales&#8221; in their first quarter as the company ramped up &#8220;massive-scale production.&#8221;
NVDA currently has a consensus price target of $172.28 based on 40 analysts, with recent targets from Rosenblatt, Morgan Stanley, and Tigress Financial implying a potential 52.59% upside.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27023437/Screenshot-2025-02-27-at-1.03.40%E2%80%AFPM.png" alt="" class="wp-image-800908" style="width:703px;height:auto" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43995014/elon-musks-influence-over-the-government-set-to-increase-trump-orders-all-federal-agencies-to-appoint-a-doge-commissar">Elon Musk&#8217;s Influence Over The Government Set To Increase, Trump Orders All Federal Agencies To Appoint A DOGE Commissar</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Nvidia's Q4 Revenue Surges Over 78%, Nearly 8x Higher Than 5 Years Ago: Analysts Debate Stock's Next Move As Jensen Huang Says Blackwell Production Has Been Ramped Up

The Donald Trump administration is contemplating the withdrawal of a $590 million contract previously granted to&nbsp;Moderna Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) by the Biden administration. This contract was intended for the production of a bird flu vaccine.
What Happened: The U.S. health officials are currently scrutinizing Moderna&#8217;s avian flu vaccine contract as part of a broader review of government expenditure on messenger RNA-based vaccines, <a href="https://www.benzinga.com/news/25/02/43913228/trump-team-weighs-pulling-funding-for-moderna-bird-flu-vaccine">Bloomberg</a> reported. The contract, awarded during the final days of the Biden administration, shot up Moderna&#8217;s stock within two days of the announcement on January 17.
A spokesperson from Robert F. Kennedy Jr.-led Department of Health and Human Services (HHS) communicated that the review was necessitated by &#8220;four years of the Biden administration's failed oversight.&#8221; The spokesperson acknowledged the criticality of readiness for the pandemic but also underscored the need for careful examination of vaccine production contracts.
Moderna, having successfully completed an initial trial of the bird flu vaccine last year,&nbsp;was preparing for a&nbsp;large-scale final-stage trial. However, the absence of funding might impede the trial&#8217;s progress. The company has been grappling with the need to identify new revenue streams as the sales of its COVID-19 vaccine decline and it maintains significant investments in its pipeline.
The contract was hastily approved amid apprehensions that the Trump administration might be less inclined to finance vaccine manufacturers. Moderna has also been involved in a patent dispute with the National Institutes of Health regarding its vaccine.
SEE ALSO: <a href="https://www.benzinga.com/markets/25/02/43906811/trump-reportedly-warns-big-pharma-move-manufacturing-to-us-or-face-tariffs">Trump Reportedly Warns Big Pharma: Move Manufacturing To US Or Face Tariffs</a>
Why It Matters: The reconsideration of funding comes at a time when the Trump administration has <a href="https://www.benzinga.com/markets/25/02/43998434/trump-team-commits-1-billion-to-combat-bird-flu-lower-egg-prices-hopefully-by-summer-says-usda">committed $1 billion </a>to fight bird flu and bring down the rising egg prices. Notably, the commitment also includes an allocation of $100 million for vaccine research, though the poultry industry is divided on its implications. 
This development also coincides with a phase when influential personalities like <a href="https://www.benzinga.com/personal-finance/25/02/43913228/bill-gates-says-next-pandemic-can-emerge-anywhere-and-the-world-isnt-prepared-we-cant-afford-to-get-caught-flat-footed-again">Bill Gates</a> have warned about the potential for new pandemics and the world&#8217;s lack of preparedness. Gates has emphasized that we cannot afford to be caught off guard again, particularly after the devastating impact of COVID-19.
Kennedy, known for his vaccine skepticism and conspiracy theories, has extended his influence globally, undermining health initiatives like vaccination and AIDS prevention, The New York Times <a href="https://www.nytimes.com/2024/11/30/world/africa/rfk-jr-kennedy-international-work-public-health-policies.html" target="_blank" rel="noreferrer noopener">reports</a>. Through his nonprofit, Children&#8217;s Health Defense, Kennedy has <a href="https://www.benzinga.com/markets/equities/24/11/42254495/trumps-hhs-pick-rfk-jr-has-a-long-history-of-challenging-global-health-policies" target="_blank" rel="noreferrer noopener">disrupted public health efforts</a> in countries like Uganda and South Africa. He has also questioned the World Health Organization and its programs for fueling global health conspiracies.
Moderna stock has plunged over 65% during the last 12 months as per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
READ MORE: <a href="https://www.benzinga.com/25/02/43998608/tesla-continuing-to-upgrade-its-headquarters-in-texas-says-exec">Elon Musk&#8217;s Tesla Upgrades Giga Texas: Driverless Cars, Cybercab Preparations, GPU Training Cluster And More</a>

MRNA

Trump's Officials To Re-Consider Moderna's $590 Million Bird Flu Vaccine Funding: RFK Jr-Led HHS Slams 'Biden Administration's Failed Oversight'

"This feedstock allocation is a vital step in our collaboration with Sipchem," said Peter Vanacker, LyondellBasell chief executive officer. "As we move forward with our joint study, with a long-term partnership in mind, we further strengthen our commitment to Saudi Arabia. Thank you to the Ministry of Energy for their support and collaboration as we build on our successful partnership. We look forward to being a larger part of the Kingdom's thriving economy, which continues to grow and provide numerous opportunities for development and innovation."

Sipchem And LyondellBasell Advance Petrochemical Ambitions With Saudi Energy Ministry's Feedstock Allocation

IPOs

Reported Earlier, Luda Technology Group Prices $10M Initial Public Offering Of 2.5M Ordinary Shares At $4/Share

VMAR

Vision Marine Signs Three-Year Exclusive Deal With STERK, Expanding European Electric Boat Market

&nbsp;Indivior PLC (Nasdaq/LSE: INDV)&nbsp;has appointed Joe Ciaffoni, currently an Independent Non-Executive Director of the Company, as Chief Executive Officer. The terms of his appointment are subject to, and effective upon, the approval by shareholders of a new remuneration policy at the Company's AGM in May 2025.

Management

INDV

Indivior Appoints Joseph Ciaffoni As New CEO, Effective Upon Shareholder Approval In May 2025

<ul>
<li>An independent Data Safety Monitoring Board (DSMB) for the Phase 3 DRAGON trial recommends trial continuation without any modifications, maintaining the sample size at 104 subjects following a planned interim efficacy analysis; trial completion expected by Q4 2025 (including a three-month follow-up period)</li>
<li>Tinlarebant has been granted Fast Track and Rare Pediatric Disease Designations in the U.S., Orphan Drug Designation in the U.S., Europe, and Japan, and the Pioneer Drug Designation in Japan for Stargardt disease, for which there are no approved treatments</li>
</ul>

BLTE

Belite Bio's Tinlarebant Trial For Stargardt Disease Advances As DSMB Recommends Continuation Without Modifications

DTEGY

Nokia and Deutsche Telekom's T Wholesale Partner To Expand Network API Market, Empowering Developers

Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube revealed that it has reached over 1 billion monthly active viewers of podcast content, thus outperforming Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
What Happened: In a blog post published on Thursday, YouTube said it is now the most popular service for podcast listening in the U.S. It added that last year, viewers spent over 400 million hours each month watching podcasts on living room devices.
YouTube&#8217;s distinctive search and recommendation features have simplified the process for users to discover new podcasts. Additionally, the platform has broadened its&nbsp;revenue-sharing program, the YouTube&nbsp;Partner Program, to accommodate more podcasters.
Research from Edison Podcast Metrics in October indicated that&nbsp;about 31% of weekly podcast&nbsp;listeners in the U.S. favor YouTube, compared to 27% for Spotify and 15% for Apple Podcasts by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). This surge in growth occurred after Google Podcasts was discontinued in mid-2024.
Celebrating YouTube&#8217;s 20th anniversary on Feb 11, CEO Neal Mohan pledged to introduce more tools to assist podcasters and enhance monetization for creators. The platform also intends to further simplify podcast discovery for users.
SEE ALSO: <a href="https://www.benzinga.com/25/02/43995014/elon-musks-influence-over-the-government-set-to-increase-trump-orders-all-federal-agencies-to-appoint-a-doge-commissar">Elon Musk&#8217;s Influence Over The Government Set To Increase, Trump Orders All Federal Agencies To Appoint A DOGE Commissar</a>
Why It Matters: The platform&#8217;s success in the podcast sector further underscores its growing influence and potential for increased revenue generation. It is noteworthy that with 1 billion monthly podcast listeners, YouTube has surpassed Spotify&#8217;s count of 675 million monthly active users in 2024. 
YouTube recognized podcasts as a trending content format during the pandemic. After investing billions in its podcasting segment, Spotify shut its in-house podcast studio, Studio 4 in 2022 and laid off staff. It was during that time that YouTube started offering up to $300,000 to podcasters as an incentive to produce video versions of their shows, stated Bloomberg.
Meanwhile, YouTube remains an integral part of Google&#8217;s Service segment. During Alphabet&#8217;s fourth quarter results, CEO Sundar Pichai stated, &#8220;Our AI-powered Google Cloud portfolio is seeing stronger customer demand, and YouTube continues to be the leader in streaming watchtime and podcasts.&#8221; Google&#8217;s Service segment contributes over 87% of the company&#8217;s total revenue. 
Needham analysts estimate that based on a sum-of-the-parts valuation,<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43506569/alphabet-stock-should-trade-at-a-premium-5-analysts-highlight-ai-capex-how-much-youtube-could-be-worth"> YouTube is worth $666 billion</a>, or around $54 per share in case Alphabet spins off or separates the highly coveted asset.&nbsp;
The expansion of the YouTube Partner Program also indicates a strategic move to attract more creators and diversify content, which could further boost the platform&#8217;s value.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/tech/25/02/43997658/toyota-records-first-worldwide-production-increase-in-a-year-but-sales-remain-stagnant-in-january">Toyota Records First Worldwide Production Increase In A Year, But Sales Remain Stagnant In January</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

GOOG

GOOGL

SPOT

YouTube Beats Out Spotify As Top Podcast Platform With 1 Billion Users, CEO Promises Bigger Paydays For Creators

BWLP

BW LPG Reported Q4 EPS $0.22 Down From $1.14 YoY, Profit After Tax $39.7M Down From $161.8M YoY

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) executive Omead Afshar said earlier this week that the EV giant is continuing to upgrade its <a href="https://www.benzinga.com/general/entertainment/24/01/36463904/how-big-will-teslas-expanded-giga-texas-be-musk-says-pretty-close-to-length-of-a-star-destr">gigafactory in Texas</a> with infrastructural and technological improvements.
What Happened: &#8220;Exciting things continuing at Giga Texas!,&#8221; Afshar said in a post on X on Tuesday. 
The factory has now been upgraded to produce the company&#8217;s refreshed Model Y, Afshar said. <a href="https://www.benzinga.com/news/24/06/39245293/elon-musks-boring-company-is-making-a-tunnel-at-giga-texas-for-transporting-cybertrucks">A tunnel</a> runs under the highway to reduce travel by a kilometer from the end of the production line to the logistics yard, he said, while adding that driverless cars have started driving from the factory directly to the specific outbound lane where they will be loaded onto a truck for delivery.
Preparation is also underway for the start of Cybercab volume production at the factory starting in 2026, he said. 
Afshar is a vice president in charge of sales and manufacturing with senior executives in North America and Europe reporting to him, The Wall Street Journal <a href="https://www.benzinga.com/news/24/10/41378568/tesla-promotes-key-executives-and-gives-them-more-responsibilities-in-leadership-shuffle">reported</a> in October. He is one of the few executives with a Tesla-affiliated tag on Elon Musk&#8217;s social media platform X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Exciting things continuing at Giga Texas! a capacity for &gt;250,00 Model Y's. &#8211; the new Model Y &#8211; Cybertruck's all built at Giga Texas &#8211; a ~50k GPU training cluster, Cortex, that has helped enable V13 of FSD &#8211; a tunnel under the highway reducing travel by 1,000m from from the… <a href="https://t.co/vtImO5gjOO">https://t.co/vtImO5gjOO</a> <a href="https://t.co/gKYzUc5XbS">pic.twitter.com/gKYzUc5XbS</a>
&mdash; Omead Afshar (@omead) <a href="https://twitter.com/omead/status/1894500838107930876?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Giga Texas is Tesla&#8217;s global headquarters which covers 2500 acres along the Colorado River with over 10 million square feet of factory floor,&nbsp;offering considerable potential for further expansion.
The plant is the manufacturing hub for both Tesla&#8217;s best-selling Model Y SUV as well as its stainless steel Cybertruck. According to Tesla&#8217;s last quarterly report, the company can produce over 250,000 Model Ys in a year and over 125,000 Cybertrucks.
Tesla is also incorporated in Texas. The company&#8217;s stockholders approved the move last year after company CEO Musk soured on Delaware.
&#8220;Texas and Nevada are the best choices for incorporation,&#8221; Musk said earlier this month.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

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