Tag Archives: earnings

Netflix’s hit show Stranger Things helped exorcise some demons plaguing the streaming giant: The retro sci-fi series helped push Netflix’s global subscribers to 158.33 million, just shy of the company’s guidance but still solid enough to ease fears the streaming giant’s growth had peaked.  About 64 million accounts watched Stranger Things in the first four …

It’s been a rocky few months for Uber. The ride-hailing company went public in May only to see its stock price stagnate. Since then, three of its board members have stepped down, along with its COO and chief marketing officer. The company also laid off 400 employees. Uber’s second-quarter earnings, which it reported on Thursday, suggested the situation wasn’t looking …

Lyft’s second spin around the block has been slightly smoother than its first. The ride-hailing company said that its revenue rose 72 percent year-over-year in its second-quarter earnings. It still had losses of $644.2 million, however. Lyft debuted on Wall Street on March 29 with a strong first day of trading and its share price rising nearly 9%. But it’s struggled …

Update, April 22: Read our iPhone SE 2020 review. Original story follows. Rumors about a 3D camera system and 5G connectivity on the 2020 iPhone are gaining traction as iPhone sales continue to fall. In this week’s Apple Core roundup, we’re also taking a look at all the Apple products, iPhone or otherwise, that could arrive before the end of the …

Apple’s iPhone business may be struggling, but the company is pretty optimistic about the services running on the device. In its third-quarter earnings report Tuesday, Apple offered a rosier-than-expected prediction for the next period thanks to things like the App Store as well as other products like wearables, even as iPhone sales have continued their trend of declines. The company …

Over the past couple of weeks, practically all we’ve heard is how the tech industry is under pressure from lawmakers and regulators. The Department of Justice is opening an antitrust investigation into tech giants, reportedly including Google, Facebook, Amazon and Apple. Then there’s the Federal Trade Commission investigation into Facebook. The scrutiny is just ramping up.  But during Apple’s third-quarter …

T-Mobile appears to be getting its merger with Sprint after all. In an advisory sent late Thursday night, the Department of Justice alerted the media to a press conference at 11 a.m. ET Friday in which Assistant Attorney General Makan Delrahim of the DOJ’s antitrust division is set to “announce a significant merger enforcement action,” though it did not specifically …

T-Mobile is continuing to add subscribers, even as its merger with Sprint remains in a regulatory holding pattern.  For its second quarter, the self-proclaimed “Un-carrier” had 1.8 million total net additional subscribers, of which 1.1 million were traditional monthly postpaid users. Of those 710,000 were postpaid phone subscribers, with the rest using connected devices such as tablets and smartwatches. It …

YouTube has been on a crusade to remove harmful content from its platform. Fewer videos, however, haven’t resulted in lower revenue.  That’s according to Alphabet Chief Financial Officer Ruth Porat, who spoke on a conference call with analysts following the company’s release of its second-quarter earnings results.  YouTube, the video arm of Google, which itself is owned by Alphabet, is …

Facebook said Wednesday that the Federal Trade Commission opened an antitrust investigation into the company, but the heightened regulatory scrutiny doesn’t appear to have slowed down the social network’s growth. The new investigation came on the same day that the Federal Trade Commission announced that it was hitting Facebook with a record $5 billion fine for its earlier privacy mishaps. It also …