Economic Events and Corporate Reports on Thursday, November 13, 2025: Disney, JD.com, Applied Materials, Globant, MOEX

Detailed Review of Corporate Earnings Reports for November 13, 2025 — Disney, JD.com, Applied Materials, Globant, MOEX, Virgin Galactic, and Other Companies Reported Quarterly Results. Analysis of Financial Statements and Key Events for Investors.

USA (S&P 500 and others):

On November 13, several significant American companies reported their earnings. Before the market opened, Disney reported (Q4 2025; report prior to session start) along with Bitfarms, a crypto mining company (Q3; press release around 8:00 ET). After market close on the same day, tech and industrial firms from the U.S. released their results: for instance, Applied Materials (fourth quarter and year-end for FY2025; release after 16:00 ET) and Virgin Galactic (Q3 2025, after NYSE closes). That evening, the quarterly results of Rekor Systems (AI systems for traffic management) were released, with a call at 16:30 ET, along with Luminar (lidar producer for the automotive sector; release at 17:00 ET), Beazer Homes (final quarter FY2025, release post-close), and others. From the U.S. financial sector, the closed-end credit fund, Eagle Point Credit Company, reported its Q3 results in the morning, followed by a call at 10:00 ET. In the small-cap segment, a number of companies drew the attention of investors on November 13, including Ondas Holdings (unmanned systems and networks; report before market opens at 8:30 ET), Paysafe (payment provider; release and call in the morning), Gambling.com (online gambling service; report before trading starts), WorkSport (auto accessories and clean-tech; results before opening), Red Cat (drones for defense; call at 16:30 ET), and Co-Diagnostics (diagnostics; after market closes). Overall, the American market received a broad wave of quarterly reports on November 13—according to Yahoo Finance, over 230 companies reported on this Thursday, reflecting increased volatility in certain stocks.

Europe:

Among the largest European companies (within the Euro Stoxx 50), no significant quarterly results were published on the date of November 13, 2025. The majority of Q3 reports in Europe were issued earlier, in late October to early November. For instance, Infineon (semiconductors, Germany) reported on November 12, while several other Euro Stoxx 50 participants released their reports before November 10. Nevertheless, it is noteworthy that Globant S.A., a global IT company based in Luxembourg (historically founded in Argentina), released its Q3 2025 results precisely on November 13 after U.S. market close. The company recorded revenue growth (~$615 million) and earnings of $1.54 per share, showcasing ongoing business expansion in digital services. Thus, although November 13 was relatively quiet among major European corporations, certain multinational firms like Globant presented investors with positive quarterly reports.

Asia:

In the Asian region, significant reports from both Chinese and Japanese issuers were released on November 13. Firstly, JD.com, one of China's largest e-commerce platforms, announced its Q3 2025 results on this date. The JD.com report was published before the U.S. market opened (which corresponded to the evening of November 13 in Beijing), and the company hosted a conference call with investors at 7:00 ET. The Chinese company Bilibili, a popular video platform, also reported during this period: its Q3 results were disclosed on November 14 Moscow time (shortly after Chinese markets closed on November 13). In Japan, the quarterly season was in full swing; for example, the financial conglomerate Sumitomo Mitsui Financial Group (part of Nikkei 225) released its half-year financial report for FY 2026. The report from SMFG came out before the trading session in Tokyo and before U.S. markets opened. Among the SMFG indicators were profit growth and stable banking margin metrics (consensus EPS forecast around $0.40 on ADR). Overall, on November 13, the focus of Asian investors was on the technology companies in China and the financial sector in Japan, whose reports that day reflected mixed dynamics: Chinese tech giants showed double-digit revenue growth, while Japanese banks demonstrated stable profits amid a soft economic recovery.

Russia:

On the Moscow market, several key corporate reports for Q3 and the first nine months of 2025 were also released on November 13. The Moscow Exchange (MOEX), operator of the main stock exchanges in Russia, presumably published its consolidated financial results following IFRS for the first nine months of 2025 in the second half of the day. Investors monitored the dynamics of the exchange's commission income and trading market volumes, as MOEX's results could influence sentiment among participants in the Russian stock market. Additionally, the largest telecom operator, MTS, presented its report for the first nine months of 2025 under IFRS on November 13. MTS reported revenue growth in both its communication and fintech service segments and discussed the outcomes of its subsidiary bank's (MTS Bank) sale with investors. On the same day, MTS Bank conducted a separate webcast regarding its results. In total, the Russian corporate calendar on November 13 was filled with financial releases from domestic companies, although major exporters (Sberbank, Gazprom, Lukoil, etc.) either reported earlier in November or postponed publications until the end of the month. Nevertheless, the data from the Moscow Exchange and MTS provided local investors with important insights regarding the state of the financial sector and consumer demand in Russia amid a challenging macroeconomic environment in late 2025.