The week brought together both this quarter’s earnings cycle and the Q3 IPO rush. So, it was just a little busy!
Forget “App Tracking Transparency”: Facebook is enjoying more ad revenue than ever
Facebook’s CFO predicts the worst is yet to come, though.
Facebook warns of ‘headwinds’ to its ad business from regulators and Apple
Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]
Shopify’s Q2 results beat estimates as e-commerce shines
Like Microsoft and Apple in the wake of their after-hours earnings reports, Shopify shares are having a muted reaction to the better-than-expected results.
Spotify’s podcast ad revenue jumps 627% in Q2
In the minutes before its quarterly earnings call this morning, Spotify played advertisements for its Originals & Exclusives, like the true crime show “Deathbed Confessions,” and the sex and relationships podcast “Call Her Daddy,” which Spotify recently acquired in a deal worth $60 million. Sure, it’s kind of hilarious to hear a recording of host […]
Apple reports a 50% year-over-year jump in iPhone sales
But the company warned of coming iPhone and iPad supply constraints.
iPhone sales fuel Apple’s Wall Street-beating Q3
Another excellent quarter for Apple, as the company posted $81.4 billion in revenue. That’s a 36% year-over-year jump for the company, besting Wall Street estimates of $73.3 billion by a considerable margin. “Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product […]
Alphabet crushes Q2 earnings estimates as Google Cloud cuts losses, grows 54%
Today after the bell amidst a deluge of major technology company earnings reports, Alphabet reported its own second-quarter performance.
Microsoft bests earnings estimates as Azure posts 51% growth; shares fall
Microsoft shares fell after the news, perhaps due to its results missing so-called whisper numbers; that it has traded at or near all-time highs recently puts the 3% after-hours drop into context.
Snap had its best quarter in four years
If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]