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Earnings Call (17)

Spotify Hits 138 Million Paid Subscribers as Music Streaming Demand Rebounds | Technology News

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Submitted 4 day(s) ago by system

Spotify has reached 138 million paid subscribers, saying that demand for music streaming has rebounded from its coronavirus-related weakness at the beginning of this quarter.

PayPal Says Profit Jump Flags Shift From Cash Payments in Stores | Technology News

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Submitted 4 day(s) ago by system

PayPal said that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher is continuing and it would support additional investments in mobile-payment tools.

Amazon Posts Biggest Profit Ever at Height of Pandemic | Technology News

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Submitted 4 day(s) ago by system

Amazon posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.

Google Parent Alphabet Sees Ad Rebound Offset Its First-Ever Sales Drop | Technology News

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Submitted 4 day(s) ago by system

Google's ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company.

Facebook Q2 Profit Nearly Doubles as Monthly Active Users Top 3 Billion | Technology News

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Submitted 4 day(s) ago by system

Facebook reported that its quarterly profit had nearly doubled, and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. He said that the number of people using Facebook’s overall family of apps each month topped three billion.

Apple Delivers Blowout Q2 Results, Market Shrugs Off iPhone Delays | Technology News

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Submitted 4 day(s) ago by system

Apple delivered blowout quarterly results, reporting revenue gains across every category and in every geography. Apple CFO Luca Maestri confirmed a delay in this year’s iPhone launch. However, executives predicted continued strong performance from the company's products.

Nokia Posts Surprise Second-Quarter Profit Jump as Pekka Lundmark Is Poised to Take Over as CEO | Technology News

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Submitted 4 day(s) ago by system

Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.

IBM Posts Gains as Customers Accelerate Shift to Cloud | Technology News

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Submitted 11 day(s) ago by system

IBM beat estimates for second-quarter profit on Monday and signalled that demand in its cloud computing business would get a boost as large corporations accelerate their digital shift due to the coronavirus crisis.

Snapchat's Coronavirus-Led User Growth Slowed Down Sooner Than Expected | Technology News

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Submitted 11 day(s) ago by system

Snap said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus.

Tesla Reports Surprise Profit Despite COVID-19 Upheaval | Technology News

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Submitted 11 day(s) ago by system

Tesla reported a surprise second-quarter profit Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new auto factory in Texas.

Ubisoft Vows Action on Allegations as It Posts Bookings Beat | Technology News

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Submitted 11 day(s) ago by system

Ubisoft said it was bringing in "profound changes" following allegations of inappropriate behaviour at the group, as it reported higher-than-forecast net bookings for its fiscal first quarter.

Twitter Reports Highest Ever Growth in Monetisable Daily Active Users, Reaches 186 Million | Technology News

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Submitted 11 day(s) ago by system

Twitter reported its highest-ever yearly growth of daily users who can view ads, beating analysts' estimates on usage.

LG Display Posts Widened Loss Amid Weak TV Demand | Technology News

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Submitted 11 day(s) ago by system

LG Display said on Thursday it expects profitability to improve in the second half of this year, despite a larger operating loss as people shied away from buying TV sets during the coronavirus pandemic.

Samsung Electronics Flags Second-Quarter Profit Jump on Solid Chip Demand, One-Off Gains From Apple | Technology News

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Submitted 29 day(s) ago by system

Samsung Electronics flagged a 23 percent rise in second-quarter operating profit on Tuesday, beating analysts' estimates on solid chip sales to data centres catering for a work-from-home economy during the coronavirus pandemic.

Lenovo Sees Growth in Last Quarter as More People Work From Home | Technology News

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Submitted 76 day(s) ago by system

Net profit tumbled 64 percent in January-March to $43 million (roughly Rs. 325 crores) but was ahead of a Refinitiv consensus estimate of $7.5 million (roughly Rs. 56.7 crores). Revenue slid 9.7 percent to $10.6 billion (roughly Rs. 80,237 crores).

Foxconn Sees Record Profit Fall as Coronavirus Guts Smartphone Demand | Technology News

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Submitted 77 day(s) ago by system

The group's total work hours had dropped by over 20 percent due to the outbreak, which also caused it estimated TWD 10 billion (roughly Rs. 2,530 crores) in additional costs, according to chief financial officer David Huang.

SoftBank Racks Up Losses as Vision Fund Investments Plunge | Technology News

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Submitted 77 day(s) ago by system

SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.

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