A Warby Parker store in Walnut Creek, California, in 2023 (Smith Collection/Getty Images)

Warby Parker’s earnings and new Target partnership have Wall Street seeing green

Warby Parker shares popped after the eyewear giant unveiled a new partnership with Target.

2/27/25 3:34PM

Shares of Warby Parker jumped nearly 5% after the affordable eyewear company unveiled a new partnership with Target. Later this year, Warby Parker will open five shop-in-shops at Target locations in Illinois, Minnesota, New Jersey, Ohio, and Pennsylvania — stores that currently don’t offer optical services. The brand will also launch on Target’s website, with plans to expand the partnership in 2026. Originally an online-only retailer, Warby Parker has since grown into a national brand with 276 stores across North America.

The news comes after Warby Parker beat expectations on the top and bottom line for its fourth-quarter earnings. The company’s revenue jumped 15% to $771.3 million, while net losses shrank to $20.4 million from $63.2 million a year ago. Warby Parker, which celebrated its 15th anniversary this month, plans to open 45 new stores in 2025 to keep up with demand. The stock has soared nearly 65% over the past year.

Paramount Announces It's Cutting 2,000 Jobs

Paramount improved its Warner Bros. offer to $31 per share

WBD confirmed receipt of the new offer on Tuesday and said it would review the proposal.

Max Knoblauch12h

Archer Aviation sues rival Vertical, alleging air taxi design patent infringement

Archer Aviation alleged that Vertical’s Valo aircraft “mimics” its own Midnight aircraft.

Anglo American halves De Beers’ value as the natural diamond slump deepens

The miner has now written down De Beers by roughly $6.8 billion over the past three years.

Max Knoblauch2/23/26

Paramount is expected to raise its Warner Bros. offer to $32 per share

Paramount’s seven-day window to talk to Warner Bros. Discovery about its best and final offer is set to end at 11:59 p.m. ET on Monday, and the company is expected to finally raise the per-share dollar amount of its bid.

According to reporting by Variety, Paramount’s revised offer is likely to arrive at $32 per share for the HBO and CNN parent.

Paramount’s last major revision to its offer came earlier this month, when it said it would cover the $2.8 billion breakup fee that WBD would owe Netflix in the event of that deal falling apart, and would pay shareholders a “ticking fee” of $0.25 per share for every quarter the deal hasn’t closed after the end of 2026.

Netflix’s next move will be determined by the response of Warner Bros.’ board. Per reporting by Reuters, the streamer has ample cash to increase its own offer for its streaming rival. Analysts at MoffettNathanson Research last week said they expect Netflix to walk away from Warner Bros. if Paramount’s bid comes in “well beyond” $32.

As of Monday at 9 a.m. ET, prediction markets speculating on which company will ultimately come out on top of the bidding war have Netflix at a 46% chance over Paramount’s 43% odds.

Also potentially affecting prediction markets is a Truth Social post by President Trump on Sunday, in which Trump wrote that Netflix must fire board member Susan Rice immediately or "pay the consequences."

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Paramount Is Expected to Raise Price of Warner Bros. Discovery Bid. Will Netflix Walk Away?

As of Monday at 9 a.m. ET, prediction markets speculating on which company will ultimately come out on top of the bidding war have Netflix at a 46% chance over Paramount’s 43% odds.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Max Knoblauch2/20/26

Microsoft makes dramatic shake-up to its gaming division as gaming CEO Phil Spencer and Xbox President Sarah Bond depart

Microsoft’s gaming division underwent a major shake-up on Friday, as the tech giant announced the departure of gaming CEO Phil Spencer, who led the division for 12 years and championed its Game Pass subscription service.

Xbox President Sarah Bond is also out, according to Spencer’s memo to employees.

Xbox has fallen significantly behind rivals Sony and Nintendo in recent years. Microsoft raised Xbox console prices twice last year and bumped subscription fees up 50%. In November, the console was even outsold (in unit sales) by the motion-controlled Nex Playground console.

The pair have overseen a shift at Xbox from standard consoles to an array of consoles, handhelds, and various devices and screens accessed via cloud gaming.

Spencer’s replacement as the head of gaming is Microsoft’s president of CoreAI product, Asha Sharma. In a memo to staff, Sharma made three commitments: great games, the “return of Xbox,” and to “invent new business models and new ways to play.”

Xbox chief Phil Spencer is leaving Microsoft