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Phoenix Media Investment saw its revenue decline by 8% to HK$1.04 billion for the first half of 2024, down from HK$1.13 billion in the same period the previous year. This drop in revenue has contributed to a significant increase in the company's attributable losses.
McDonald's reported a 1% drop in comparable sales for the second quarter due to a decline in guest count, despite raising menu prices to boost revenue. The company's revenue fell short of analyst projections, highlighting the challenge of balancing pricing strategies with maintaining its customer base in a competitive market.