Tag Archives: earnings

Twitter saw an increase in daily users but narrowly missed revenue expectations in the last three months of 2021, a period in which a new CEO stepped in to lead the social media company.  About 217 million people who see ads logged on to the platform daily in the fourth quarter, a 13% jump compared with …

Facebook parent Meta’s stock fell more than 26% on Thursday after disappointing fourth-quarter earnings and a drop in daily users underscored how much the company relies on social media as it develops its metaverse ambitions.  Meta shares fell $85.24 to close at $237.76. The collapse in share price wiped out almost $240 billion from the social network’s value. The fall …

Snap, the parent company of disappearing-message app Snapchat, said Thursday that it posted its first ever quarterly net profit, propelling the company’s shares higher.  “Achieving positive free cash flow for the full year is an important milestone as we are increasingly able to self fund our investments in the future, which positions us well to accelerate our vision for computing …

Spotify predicted 2022 will start out with sleepier growth than Wall Street was hoping, but CEO Daniel Ek said that — so far — it has nothing to do with a swell of objections to Joe Rogan’s popular podcast. It’s “too early to know what the impact may be,” Ek said late Wednesday, speaking during a call with Wall Street analysts …

Amazon‘s profit nearly doubled in the fourth quarter as the e-commerce giant was able to offset the rising costs of running its vast e-commerce business with its investment in Rivian, an electric car company. The company also said it would raise the price of its popular Prime membership. Net sales in the October-December quarter, which includes the all-important holiday season, …

Spotify’s total number of monthly listeners reached 406 million at the end of the last year, the global music streaming service said Wednesday, crossing the 400 million milestone to reiterate its dominance of streaming music services worldwide.  That was weeks before hashtags like #CancelSpotify started trending, sparked by artists’ protests over COVID misinformation on Joe Rogan’s popular podcast.  Spotify’s monthly …

T-Mobile added 2.9 million phone subscribers in 2021, the carrier said during its fourth-quarter earnings call Wednesday and forecast its midband 5G network would reach 300 million people by 2023. In three months ending Dec. 31, T-Mobile added 844,000 postpaid customers, a subscriber category prized by carriers for long-term revenue and overall success. It also added 224,000 net customers of …

Ever since Apple‘s value blew past a trillion dollars a few years ago, analysts and tech industry experts alike have frequently wondered aloud, “How much larger can it get?” We’ll get an answer Thursday, when Apple announces its fiscal first-quarter sales and tells us how many iPhones, Macs and other products it sold during the holiday shopping season. Apple has …

Apple’s iPhone marked its 15th year on the market with its strongest sales ever, helping push the tech giant’s sales and profits to all-time highs despite the continued spread of the coronavirus pandemic and supply chain constraints. The demand for Apple’s smartphone, in a line ranging from the $699 iPhone 13 Mini to the $1,099 iPhone 13 Pro Max, was so high during …

AT&T added more than 3.2 million phone subscribers in 2021, a tally that exceeded the number of net new customers gained in the last decade combined, the carrier announced in its fourth-quarter earnings call Wednesday. In the fourth quarter alone, AT&T recorded a net gain of 884,000 postpaid customers, a metric coveted by carriers for long-term revenue. AT&T gained more …