Tag Archives: earnings

Twitter CEO Jack Dorsey on Thursday sought to quell security concerns about the social network during the company’s earnings call a week after hackers hijacked the accounts of high-profile politicians, celebrities and businesses to peddle a cryptocurrency scam. “Last week was a really tough week for all of us at Twitter. We feel terrible about …

Netflix made an unexpected change to its top leadership Thursday, naming a co-CEO. Ted Sarandos, the company’s top content officer who led Netflix programming as the company grew into an online TV behemoth, will serve alongside Reed Hastings, the company’s longtime CEO and co-founder. “Ted has been my partner for decades,” Hastings said in a letter to shareholders. “This change makes …

Uber hasn’t had an easy time as a public company. The novel coronavirus, which has brought much of the ride-hailing company’s business to a halt, hasn’t helped. On Thursday, Uber’s first-quarter earnings highlighted the financial troubles the company has experienced, showing significant losses. Uber said its revenue rose 14% from a year earlier to $3.54 billion, slightly beating the average …

The past few months have been shaky for Lyft. The ride-hailing giant’s business has been curbed by the coronavirus, and the company has responded with layoffs. On Wednesday, however, Lyft’s first-quarter earnings didn’t fully reflect those problems. Lyft reported its revenue rose 23% since the same time last year to $995.7 million, beating analysts’ expectations of $897 million. But the company …

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. T-Mobile spent two years working to seal its acquisition of Sprint. Now that the deal is closed, we get our first glimpse of what the combined company looks like, whether Sprint’s losses will weigh down the Un-carrier and how it’s dealing with the …

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Apple was one of the first major tech manufacturers to warn investors that the coronavirus pandemic would impact its business. What resulted was a mixed bag, with its growing services business helping to offset its struggling hardware operations. The iPhone maker on Thursday …

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Qualcomm on Wednesday became the latest company to confirm what everyone expected: The novel coronavirus pandemic is going to hurt phones sales. But a bright spot will be 5G, which should be just as strong this year as the company earlier predicted.  Qualcomm, …

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Facebook’s first-quarter revenue and user numbers beat Wall Street expectations Wednesday, even as the social media giant cautioned that the coronavirus pandemic has caused “unprecedented uncertainty” for the future of its ad business. Facebook has seen a surge in people using the social …

Samsung’s new Galaxy S20 lineup and Galaxy Z Flip weren’t enough to boost phone demand in the first quarter, and the worst is yet to come. The novel coronavirus, which is sweeping the globe, will “significantly” hurt the South Korean electronics giant’s operations in the coming months, Samsung warned Tuesday.  The company’s memory chip business is benefiting from “robust” demand …

Netflix added more new subscribers in the first three months of the year than it ever has before, record growth that will serve as a bellwether for how subscription streaming video may fare during the coronavirus pandemic. But even among its competitors, Netflix emerged as perhaps the best-positioned media company for this extraordinary time, confident that its eye-popping production pipeline will keep …