The Israel-Hamas war is affecting the financial outlooks of these large companies

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

The conflict is shaking up everything from advertising to supply chains.

Some of the world's most well-known companies are already seeing the Israel-Hamas war weighing on operations.

Corporations that do business or have operations in the region have already begun seeing the war change their financial outlooks as the unrest weighs on everything from advertising dollars to tourism to supply chains. These early admissions come as world leaders grow increasingly concerned that the conflict will further intensify, with international calls for asaid fourth-quarter performance could vary depending on the length of flight suspensions in Tel Aviv.

Still, Liberty said the cruise line's customer base is sticky, so it may become more of a question of where they are going to travel rather than if they are going to cancel their plans.that it saw pauses in spending from a"large number of primarily brand-oriented advertising campaigns" immediately after the war began. That has weighed on revenue quarter to date.

Meta finance chief Susan Li said the Facebook and Instagram parent has seen softer advertising spending so far in the quarter, correlating in timeline with the start of the conflict. Li noted that it isn't necessarily due to any one event, but cooler spending has aligned in the past with the start of conflicts such as the Russian invasion of Ukraine last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in US

United States United States Latest News, United States United States Headlines