Posts filtered by tags: Earnings[x]


Infibeam Q3FY20: Digital payments see a 38% YoY growth even as total revenue sees a 50.4% YoY decline

Digital payment solutions and enterprise software solutions provider Infibeam Avenues Limited saw a 38% YoY growth in its digital payments processing volume and a 12% YoY growth in the number of transactions. It also launched B2Biz, Infibeam’s bulk payment solution, in January 2020. Infibeam Avenues divested itself of the now defunct Infibeam B2C e-commerce marketplace […] ...
Tags: Travel, News, Earnings, Infibeam, Infibeam Avenues Limited, Earnings Dec-19

Shemaroo Q3FY20: Revenues from digital media up by 13.2% YoY even as traditional media’s drop by 54% YoY

Shemaroo’s revenues from its digital operations saw a 13.2% YoY growth as its revenues from traditional media dipped by 54.1% YoY in Q3FY20. Revenue share of digital business increased from less than 10% in FY14 to over 30% in FY19. The company intensified its digital operations and expanded the market for its online streaming platform, […] ...
Tags: Travel, News, Earnings, Shemaroo, Earnings Dec-19

Naukri billings up 8.5% YoY, 99Acres billings up 10.9% YoY: Q3FY20

InfoEdge, which operates Naukri, 99Acres, Jeevansaathi, and Shiksha, saw a 10.3% YoY growth in billings to Rs 299.9 crore in Q3YFY19-20. Net sales (Revenue): Rs 320.5 crore, up 14% YoY from Rs 281.1 crore Total income: Rs 340.9 crore, up 9.7% YoY Billings in Q3FY19-20 Naukri: Rs 210 crore, up 8.5% YoY 99Acres: Rs 54.3 […] ...
Tags: Travel, News, Earnings, InfoEdge, 99acres, Jeevansathi, Shiksha, Naukri, Earnings Dec-19, Jeevansaathi

Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate

Alibaba issued its latest earnings report yesterday, and as part of that the Chinese eCommerce giant reported that cloud revenue grew 62% to $1.5 billion U.S., crossing the RMB10 billion revenue threshold for the first time. Alibaba also announced that it had completed its migration to its own public cloud in the most recent quarter, a significant milestone because the company can point to its own operations as a reference to potential customers, a point that Daniel Zhang, Alibaba executive chai...
Tags: Travel, Google, Amazon, Cloud, Asia, Enterprise, Microsoft, China, Alibaba, Earnings, Reuters, Zhang, Synergy Research, Alibaba Cloud, Google Alibaba, Daniel Zhang Alibaba

76% of IRCTC profits came from e-ticketing: Q3FY20

76% of IRCTC’s profits and 32% of its revenue came from internet ticketing for the quarter ended December 31, 2019. IRCTC, the Indian Railways’ ticketing & services arm, reported its second quarterly financials report ever since it went public in October 2019. E-ticketing and catering accounted for 70% of IRCTC’s revenue for Q3FY20. 1. E-ticketing […] ...
Tags: Travel, News, Earnings, Indian Railways, IRCTC, Earnings Dec-19

Vodafone Idea Q3FY20: Data consumption up 29% YoY even as losses continue

Vodafone Idea, one of India’s largest mobile operators, reported a 5.53% quarterly increase in broadband (3G+4G) subscribers for the quarter ended December 31st 2019 (Q3FY20), even as its overall subscriber base declined 2.28% quarter on quarter. Data consumption on the Vodafone Idea network was up 29.08% YoY. The Numbers Subscriber base Subscribers: 304 million, down […] ...
Tags: Travel, News, India, Vodafone, Earnings, Idea, Vodafone Idea, Earnings Dec-19

ALTBalaji had 1.5 million active direct subscribers as of December 2019

ALTBalaji had 1.5 million active direct subscribers as of Q3FY20 (ended December 31, 2019), this indicates that most of ALTBalaji’s subscribers come from the indirect route i.e. via telco and DTH partnerships. The company disclosed subscriptions sold in Q3, but ALTBalaji had sold 20.1 million subscriptions in FY19 as of September 12, 2019 and had […] ...
Tags: Travel, News, Earnings, Streaming, Balaji Telefilms, ALTbalaji, Earnings Dec-19

MakeMyTrip Q3FY20: Rajesh Magow becomes group CEO; coronavirus impacts outbound travel; revenue up 16% YoY:

Co-founder and India CEO Rajesh Magow is replacing Deep Kalra as group CEO of online travel company MakeMyTrip. Kalra is transitioning to the role of Executive Chairman. Magow will focus on driving growth in the three core brands — MakeMyTrip, Goibibo, and Redbus. Kalra will focus on product innovation and expansion, geographic growth, business model […] ...
Tags: Travel, News, India, Earnings, Makemytrip, Deep Kalra, Online Travel Agency, Goibibo, Redbus, Rajesh Magow, Earnings Dec-19, MakeMyTrip Kalra, Magow, Redbus Kalra

Twitter’s monetisable daily active users increase by 20.6% YoY to 152 million in Q4FY19

Twitter’s average monetisable daily active users (mDAU) increased by 20.6% to 152 million in Q4FY19 from 126 million Q4FY18, and 145 million in Q3FY19 (4.8% increase). While mDAUs in the US grew marginally sequentially to 31 million from 30 million, the international market saw mDAUs grow from 115 million in Q3 to 121 million in […] ...
Tags: Travel, Twitter, News, US, Social Media, Earnings, Earnings Dec-19

Industry needs to move up to an ARPU of Rs 300 in the long run; India needs a 3-player market: Airtel

After Bharti Airtel reported a 5.3% sequential growth to Rs 135 in Average Revenue per User (ARPU) in Q3FY20, CEO Gopal Vittal, during a call with investors, said that the telecom industry needs to move up to an ARPU of Rs 300 in the long run. At an ARPU of Rs 200, “we will barely […] ...
Tags: Travel, News, India, Telecom, Earnings, Airtel, Bharti Airtel, Telecom Operators, Gopal Vittal, Earnings Dec-19

Spotify’s Premium subscribers grew by 29% to 124 million in Q4FY19, acquires podcast company The Ringer

Spotify saw a 31% YoY increase in MAUs to 271 million, a 200% YoY growth in podcast hours streamed, and a 29% YoY growth in Premium subscribers to 124 million in Q4 2019. Revenue grew 25% YoY to €1.85 billion, with Premium revenues “slightly better” and subscription revenue slightly weaker than forecast. Premium revenue was […] ...
Tags: Travel, Spotify, Music, News, Earnings, Earnings Dec-19

Airtel posts loss of Rs 1,035 crore in Q3; ARPU at Rs 135

Bharti Airtel posted a net loss of Rs 1,035 crore in Q3FY20 — its third quarterly loss — though, the net loss narrowed significantly from a whopping Rs 23,045 crore in Q2FY20. Meanwhile, the company’s Average Revenue Per User (ARPU) gained considerable ground, and reached Rs 135 in Q3, compared to Rs 128 in the […] ...
Tags: Travel, News, Telecom, Earnings, Airtel, Bharti Airtel, Telecom Operators, Earnings Dec-19

YouTube ads earned $15 billion in revenue in 2019, accounted for 9% of Alphabet revenue

For the time since it acquired YouTube in 2006, Google disclosed YouTube numbers in its earnings call. YouTube ads raked in $4.7 billion in revenues in Q4 2019, and a total of $15.1 billion in 2019. YouTube Music and YouTube Premium (ad-free YouTube) have 20 million subscribers, and YouTube TV has 2 million paid subscribers. […] ...
Tags: Travel, Google, News, Youtube, Earnings, Streaming, Alphabet, Youtube Music, YouTube TV, Earnings Dec-19

Alphabet’s revenue increase by 18% in 2019, Google Cloud revenue stood at $9 billion

Google parent Alphabet Inc. posted revenues of $162 billion in 2019, up 18% from $137 billion in 2018. Google split Cloud and YouTube numbers for the first time. Google Cloud — which consists of Google Cloud Platform and G Suite — raked in $9 billion or 5.5% of Google’s revenues in 2019. In 2017, it […] ...
Tags: Travel, Google, News, Youtube, Earnings, Sundar Pichai, Alphabet, Alphabet Inc, Google Cloud, Earnings Dec-19

Saregama’s net profit down by 23% YoY, 1.6 billion OTT streams in Q3FY20

The money: Saregam, which is a music label, production house, and sells music-players called Carvaan, reported a reduction in consolidated income by 16.4% YoY, to Rs 132 crore in Q3FY20. Its net profit fell 23% YoY to Rs 13.4 crore. Profits of the company’s music segment — which accounts for 90% of its revenue — […] ...
Tags: Travel, News, Earnings, Streaming, Saregama, Earnings Dec-19

Amazon’s net sales increase 21% YoY, claims over 150 million Prime subscribers globally

Amazon’s net sales increased 21% to $87.4 billion in Q4FY19, compared to $72.4 billion in the same quarter last year. Operating income increased to $3.87 billion in the fourth quarter, compared with operating income of $3.78 billion in Q4FY18. Net income increased to $3.3 billion in the fourth quarter, as opposed to a net income of $3.0 billion in Q4FY18. Net sales for 2019 increased 20% […] ...
Tags: Travel, Amazon, Ecommerce, News, Earnings, Earnings Dec-19

Visa grows net revenue and net income by 10% YoY, “too early to assess” coronavirus impact in China

Visa increased both net revenues and net income by 10% YoY to $6.1 billion and $3.3 billion, respectively. Growth in net revenue was driven by “continued growth” in payments volume, cross-border volume and processed transactions. Cross-border volume was up 9% YoY, although it has been impacted in end-January by shifts in the Chinese New Year, […] ...
Tags: Travel, News, China, Earnings, Visa, Digital Payments, Earnings Dec-19

Mastercard net income up 134% YoY in Q4 2019

Mastercard’s net revenue grew by 16% YoY to $4.4 billion, while net income grew to 134% to $2.1 billion in Q4 2019. The company’s gross dollar volume increased 12% YY, and cross-border volume increased 16%. In India, MasterCard signed a co-brand deal with Vistara Airlines, and renewed debit deals with HDFC Bank and SBI. The […] ...
Tags: Travel, News, India, Earnings, Mastercard, HDFC Bank, Digital Payments, Earnings Dec-19, Vistara Airlines

Facebook’s ARPU grows 13.6% QoQ; 8% YoY increase in monthy users

Facebook increased MAUs by 8% YoY to 2.5 billion globally, and increased DAUs by 2.4% YoY to 1.6 billion, which was led by growth in India, Indonesia and the Philippines. ARPU increased to $8.25 in Q4FY19, from $7.26 in the previous quarter. Facebook, Messenger, Instagram, and WhatsApp together had 2.2 billion DAUs and 2.89 billion […] ...
Tags: Travel, Facebook, Mark Zuckerberg, News, Instagram, Privacy, Social Media, Whatsapp, Philippines, Earnings, Libra, India Indonesia, Facebook Messenger Instagram, Earnings Dec-19, Whatsapp Pay

How AAdvantage Helped Give American Airlines A Year-End Boost To Financials

Once again it’s AAdvantage that drove American’s profit but to their credit they didn’t actually lose money flying airplanes in the fourth quarter. During the earnings call Senior Vice President Don Casey noted that this is the last quarter where American gets a boost from changes resulting from frequent flyer accounting changes. Continue reading How AAdvantage Helped Give American Airlines A Year-End Boost To Financials...
Tags: Travel, Earnings, Airlines, American Airlines, Don Casey

Except for US & Canada, Netflix has grown everywhere it operates, adding 8.3 million subscribers

Netflix surpassed forecast in every market it operates in outside US & Canada — adding 8.3 million subscribers internationally, much higher than the forecast of 7 million. Competition finally showed impact and Netflix acknowledged it: the service managed 550,000 new subscribers in the US & Canada, much lower than its forecast of 600,000 new subscribers. […] ...
Tags: Travel, Video, News, US, Netflix, Earnings, Streaming, US Canada, Canada Netflix, Earnings Dec-19

Reliance Jio’s ARPU increases 7% QoQ, adds 14.8 million subscribers over last quarter

Reliance Jio’s Average Revenue Per User (ARPU) increased — for the first time in 7 quarters according to the Economic Times — to Rs 128.4 per month in the quarter that ended December 2019, as opposed to Rs 120 in Q2FY20. Reliance Jio reported 370 million subscribers as of December 2019, an increase of 14.8 […] ...
Tags: Travel, News, Telecom, Earnings, Arpu, Reliance Jio, Economic Times, Jio, Telecom Operators, Earnings Dec-19

Xiaomi’s Q3 earnings report shows slowing growth

Xiaomi, the world’s fourth largest smartphone vendor, on Wednesday shared its earnings figures for the quarter that ended in September. While the results fell largely in line with analysts’ expectations, a drastic drop in the company’s growth underscores some of the struggles that handset makers are facing as they shift to services to make up for dwindling smartphone purchases globally. The Chinese electronics firm posted Q3 revenue of 53.7 billion yuan, or $7.65 billion, up 3.3% from 51.95 b...
Tags: Travel, Android, Gadgets, Asia, China, Xiaomi, Earnings, Huawei, TechCrunch, Lei Jun, MIUI, Canalys

Bharti Airtel lost 2.5-3 million customers in Jammu and Kashmir in Q2FY20

In the September quarter, Bharti Airtel lost 2.5 million to 3 million customers in Jammu and Kashmir, CEO Gopal Vittal revealed. “Our overall subscriber base number was also impacted due to shutdown of mobile services in Jammu and Kashmir during this quarter,” CFO Badal Bagri said. He added that the company’s revenue from mobile services […] ...
Tags: Travel, News, Telecom, Earnings, Kashmir, Airtel, Jammu, Bharti Airtel, Telecom Operators, Gopal Vittal, Earnings Oct-19, Badal Bagri

iPhone revenue continues to fall, but revenues from Watch and services soar

While iPhone sales saw a decline of about 9.2% between Q3FY19 and Q3FY18*, Apple’s total revenue saw a 1.8% increase to $64 billion in the same duration. One of the biggest reasons for increase in revenue was growth in sales of wearables, services and iPads, the company’s senior vice president and CFO Luca Maestri said […] ...
Tags: Travel, Apple, Ios, News, Earnings, Luca Maestri, Earnings Oct-19

Reliance Jio’s net profit soars to Rs 990 crore, growing 45% YoY

We missed this earlier. Reliance Jio reported a net profit of Rs 990 crore in Q2FY20 ⁠— up about 45.3% from Q2FY19 when it posted a net profit of Rs 681 crore. In comparison, Jio’s biggest rivals Bharti Airtel and Vodafone Idea posted a combined loss of about Rs 74,000 crore, making Jio the only […] ...
Tags: Travel, News, Telecom, Earnings, Reliance Jio, Bharti Airtel, Jio, Telecom Operators, Reliance Jio1, Vodafone Idea, Earnings Oct-19

Day after posting a Rs 50,897 cr loss, Vodafone Idea CEO calls for generous payment option for AGR dues

A day after Vodafone Idea posted a staggering loss of Rs 50,897 crore for Q2FY20, its MD and CEO Ravinder Takkar said that it would be “very, very helpful” if the government allowed the company a generous payment plan, spread over a large period of time to pay the Adjusted Gross Revenue (AGR) dues. Reducing […] ...
Tags: Travel, News, Vodafone, Telecom, Earnings, Telecom Operators, Vodafone Idea, Earnings Oct-19, Ravinder Takkar

Bharti Airtel losses soar to Rs 23,045 crore, SC’s AGR verdict had ‘significant financial implications’

Bharti Airtel reported a net loss of Rs 23,045 crore in the quarter that ended on September 2019 — a massive increase from the Rs 2,866 crore net loss which it posted in Q1FY20. Airtel said that the Supreme Court’s recent verdict on AGR (Adjusted Gross Revenue) had “significant financial implications on the company”. Without […] ...
Tags: Travel, News, Supreme Court, Telecom, Earnings, Airtel, Bharti Airtel, Telecom Operators, Earnings Oct-19

MakeMyTrip grows 13.8% YoY, adjusted revenue for hotel bookings decline

Online travel aggregator MakeMyTrip (MMT) has reported revenue of $118 million for the quarter ended September 30, 2019, an increase of 13.8% YoY. The company saw losses of $36.8 million, slightly lower from losses of $47 million in the same quarter last year. Total adjusted revenue increased by 13.1% year-on-year; adjusted operating loss decreased to […] ...
Tags: Travel, News, Earnings, Makemytrip, Goibibo, MakeMyTrip MMT, Earnings Oct-19

Uber reports $1.2 billion in losses in Q3FY20

Uber made losses of $1.2 billion for Q3 FY2020, far less than the losses of $5.6 billion it made last quarter, and 18% higher than the losses of $986 million it made the same quarter last year. Even so, revenue grew by 30% YoY to $3.8 billion. Revenue was $3.1 billion and $3 billion for […] ...
Tags: Travel, Uber, News, Earnings, Uber Eats, Online Cab booking, Earnings Oct-19

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