Tag Archives: earnings

Pandora’s stock has slid by nearly one-quarter in the last year. Joan E. Solsman/CNET Growth in the number of people listening to Pandora Media’s online radio service continued to peter down in the latest quarter, the company reported Thursday. Its loss in the first quarter was slimmer than predicted, and Pandora’s revenue beat expectations. Shares …

All those other social networks Facebook runs? They’re getting big. James Martin/CNET Facebook is well on its way to building another Facebook. The world’s largest social network has been steadily growing its audience outside its namesake website and mobile app, encouraging people to connect using its Instagram photo sharing network, Messenger communicator app and WhatsApp text message replacement service. The …

Rovio’s Angry Birds franchise is still going strong, but sales of related consumer products are down. Rovio Rovio, the mobile-gaming company best known for developing the Angry Birds franchise, had a rough 2014. But don’t blame it on the games. The Finland-based company posted earnings before interest and taxes of just 10 million euros (about $10.7 million) in 2014, down …

Samsung expects its Note 4 device (pictured here) and upcoming Galaxy S6 to boost its profits. Sarah Tew/CNET Samsung on Wednesday posted its fifth consecutive year-over-year decline in quarterly operating profits. And a big reason for that drop was the poor performance of its mobile business. The South Korean company’s IT and mobile communications division recorded a 64 percent drop …

The number of people accessing Facebook over a mobile device keeps climbing. Facebook’s mobile users are checking in, uploading photos and liking posts at record rates. And that, in turn, is attracting advertisers who pushed up Facebook’s revenue and profit. The world’s largest social network said nearly 84 percent of the 890 million people who used its service daily did …

Qualcomm Steve Mollenkopf, who took over as CEO of the mobile chipmaker in March, now faces a handful of government investigations. CNET Qualcomm’s legal headaches keep growing. The leading maker of mobile chips that power top-selling smartphones from Apple’s iPhone to Samsung’s Galaxy S5, Qualcomm is facing two new government probes, adding to the pressure from an investigation launched last …

Destiny, the top-selling game of September and the best-selling new franchise launch in history, helped boost Activision’s fiscal third-quarter results. Bungie Activision Blizzard made a bet that Destiny, a new sci-fi video game that blends shooter games with multiplayer titles played exclusively over the Internet, would prove a success. And now that bet is starting to pay off. The game …

Tencent Chinese Internet giant Tencent Holdings, which operates online games and the WeChat messaging service, said Wednesday its profit grew 42 percent as smartphone gaming revenues continue to rise. Tencent reported second-quarter earnings (PDF) of 5.83 billion yuan ($949 million) and revenue of 19.74 billion yuan for the three months ended June 30. Earnings excluding some items were 5.87 billion …

Stephen Shankland/CNET Qualcomm said its fiscal third-quarter profit rose 42 percent, as the company’s chipset sales showed considerable strength. However, shares fell because of weak guidance projections, dropping 3.3 percent to $78.90 in after-hours trading. The chipmaker, whose technology is part of the iPhone and of Samsung’s Galaxy gadgets, warned that it believes some licensees in China are underreporting their …

Josh Miller/CNET Hundreds of Samsung managers have reportedly returned part of their bonuses for the first half of the year as the electronics maker prepares to report worse-than-expected second-quarter earnings. Nearly 200 managers in the Samsung Electronics mobile division returned part of their bonus, Reuters reported on Friday, citing a source with knowledge of the give-back. Local media reports estimate …