Earnings
Zomato clocks 75% rise in revenue for Q3 FY23, net loss widens to ₹347 crore
Zomato’s shares rose slightly (to ₹54.60 per share) on Thursday as the foodtech giant clocked a 75% rise in revenue from operations for Q3 FY23. As compared to…
Apple beats estimates on revenue and earnings in strong fiscal Q1 2022
2021 may have been plagued with issues such as supply chain disruptions and an ever-increasing number of COVID-19 cases, but it did not prevent the global smartphone market…
Apple notes its most profitable Sept quarter with $64.7 billion in revenue, but late iPhone launch hits hard
Apple has seen growth, the likes of which we have never seen before during the coronavirus pandemic, achieving a market cap of $2 trillion earlier this year. Thus,…
Alphabet reports strong Q3’20 numbers as advertising growth comes back to Google
After a slump in the second quarter of this year, primarily due to COVID-19 induced suspended business activities, Google-parent Alphabet is back on growth path. The company reported…
Facebook reports $21.5B Q3’20 revenue, 22% YoY growth largely due to pandemic advertising surge
It is that time of the quarter. Big tech companies are reigning stock markets with their billions in revenue, with Apple, Alphabet, Twitter and Facebook all reporting their…
Samsung expects smartphone and chip sales to slow down in Q4 after strong Q3 results
Samsung, after presenting a strong show in its third-quarter earnings, expects profits to go down in Q4 2020 as demand for server chips weakens and more competition arises…
Twitter quarterly revenue declines 19%, but user engagement at record levels
Twitter, and many social media platforms like it that rely on advertising as its bread and butter, witnessed one of the most bewildering quarters it has ever had,…
Alibaba says “steady recovery since march” as earnings beat expectations
Alibaba Inc., China’s crown jewel, managed to soar above market estimates, and registered a 22% growth in revenue for Q1 2020. While the nature of the news is…
Uber posts record jump in bookings, but losses widen to $3Bn
Uber released its first quarter performance results on Thursday, which included a revenue of $3.54 billion and loss of $2.9 billion versus an estimated $1.4 billion. Just a…
PayPal clocks record surge in transactions amid profit plunge, expects growth to rebound in second quarter
As Social Distancing becomes a fibre within our lives due to the ongoing novel coronavirus pandemic, online payment platforms such as PayPal, have reported surge in digital transactions…
Twitter books loss in Q1’20, clocks 24% Y-o-Y growth in monetizable daily active usage
Twitter has announced its earnings for the first quarter of 2020, and has beaten all estimates. Twitter’s better-than-expected earnings follow a suit of similarly positive results from big…
Microsoft posts 15% growth in revenues year-on-year, shares surge
Amid major tech earnings reported today, Microsoft is among them as well. And the company seems to have done fairly well, considering COVID-19 and the overall grim business…
Facebook posts revenue growth in Q1’20 but ad revenues decline, defers Q2 guidance
Its earnings season folks, and we have some relatively good news from Facebook on that. Facebook reported its earnings today, and the company has impressively beaten Wall Street…
Samsung reports decline in earnings for Q1’20, expects damage to expand further in Q2
Samsung made its earnings for the first quarter of 2020 public, alerting of a slower quarter than Q4 2019, and expecting to have an even slower Q2 2020.…
Lockdowns help Netflix record 16 million new subscribers in Q1’20, reports lower-than-expected EPS
Streaming giant Netflix has released this year’s first quarterly earnings and has expectedly seen a massive jump in paid subscriber base. Netflix announced that it has managed to…
Alibaba catches the coronavirus fever, earnings for the quarter likely to drop
Even Alibaba isn’t immune to epidemics after all. In yet another example of the business impact of coronavirus, e-commerce giant Alibaba says that it expects a setback in…
Twitter reports $1.01B in Q4 2019 revenue, monetizable daily users up 21% YoY at 152 million
Twitter had a better than expected last quarter of the preceding decade, with the company breaching the $1 billion quarterly revenue mark for the first time. The social…
Spotify reports 271 million monthly active users, Q4 revenues exceed $2 billion
Streaming music has easily become the biggest form of music consumption over the last decade, with the service accounting for about 80% of all music consumption in key…
Yet another profitable quarter for Tesla, shares jump as earnings beat expectations
Looks like Tesla is finally getting into the groove, as the company reported yet another profitable quarter, getting $105 million in profits on nearly $7.4 billion in revenue.…
Facebook reports Q4’2019 earnings, revenue up by 25% but shares tank amid slowing profits
It is the season of earnings reports coming in from the top tech companies in the US. While we saw Apple smashing some records yesterday, it is Facebook…
Apple reports record Q1 2020 numbers, revenue up 9% YoY at $91.8 billion, EPS up 19%,
Apple announced its Q1 2020 numbers a few hours back, and the company seems to have bounced back from a rather dull earnings season that was last year.…
