Posts filtered by tags: Earnings[x]


Vodafone Idea loses 53.2 million subscribers but gains 5.4 million 4G subscribers in Q4FY19

Vodafone Idea said it lost 53.2 million subscribers in Q4FY19 and now has 334.1 million subscribers in all. However, it added 5.4 million 4G subscribers in the quarter, taking its 4G subscriber case to 80.7 million from 75.3 million in the previous quarter. Metrics ARPU stood at Rs 104, up 16.3%... ...
Tags: Travel, Mobile, News, Internet, Data, Vodafone, Telecom, Earnings, 4G, Idea Cellular, Vodafone Idea, Earnings Mar-19

Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s earnings surpassed Wall Street estimates of $740 million while losses came in much higher as a result of IPO-related...
Tags: Travel, TC, Transportation, Lyft, Uber, Pinterest, Green, Transport, Earnings, Commuting, The Wall Street Journal, New York Stock Exchange, Carsharing, Goodwater Capital, Initial Public Offering, Alphabet

India is very important in long-term, Android dominance means opportunity – Tim Cook; Apple earnings Q2 2019

Apple yesterday posted quarterly revenue of $58 billion for the quarter ended March 31, 2019 (Q2FY19), a decrease of 5% year-on-year. International sales accounted for 61% of the quarter’s revenue. CEO Tim Cook said that sales were weaker in developing countries than in developed ones. Product... ...
Tags: Travel, Iphone, Apple, Ipad, News, India, Tim Cook, Earnings, iPhone sales, AirPods, Earnings March-2019

Spotify has 2 million registered users in India; “growth faster than initially expected”

Spotify has garnered 2 million registered users in India since its February launch, amidst a legal battle with Warner Music. Spotify CEO Daniel Ek said growth in India has been faster than initially expected; its worth a reminder that two major music labels, Warner Music and Saregama, are absent... ...
Tags: Travel, Mobile, Spotify, Music, News, India, Earnings, Streaming, Warner Music, Daniel Ek, Saregama, Warner Music Spotify, Spotify India, Earnings March-2019

Spotify has 2 million registered users in India

Spotify has garnered 2 million registered users in India since its February launch, amidst a legal battle with Warner Music. Globally, Spotify’s monthly active users increased by 26% year-on-year to 217 million. Premium subscribers increased by 32% to 100 million subscribers. However, the... ...
Tags: Travel, Mobile, Spotify, Music, News, India, Earnings, Streaming, Spotify India, Earnings March-2019, Warner Music Globally Spotify

Mark Zuckerberg says Facebook “wont store data where governments can forcibly get data”

In an earnings call with investors, Mark Zuckerberg said that Facebook won’t store sensitive data in countries where it might be improperly accessed because of weak rule of law or governments that can forcibly get access to your data. He reiterated his stance against data localization, without... ...
Tags: Travel, Facebook, Mark Zuckerberg, News, Messaging, Whatsapp, Policy, Earnings, Digital Payments, Data Localization, Data Localisation

Twitter’s MAUs fall by 6M, monetizable DAUs increase to 14M, 38% of abusive content is detected via machine learning: Q1FY19

Twitter’s monetizable DAUs were up by 11% year-on-year to 134 million from 120 million in the same quarter last year and 126 million last quarter. Of the total mDAUs, 105 million were users outside of the US. Twitter claims mDAUs is a more accurate representation of how the business is... ...
Tags: Travel, Twitter, News, US, Social Media, Earnings, Earnings March-2019

Snapchat fully rolls out reengineered Android app, boosting usage

After a year of its user count shrinking or staying flat, Snapchat is finally growing again, and more growth is likely on the way. That’s because it’s finally completed the rollout of Project Mushroom aka a backend overhaul of its Android app that’s 25 percent smaller and 20 percent faster. Designed for India and other emerging markets where iPhones are too expensive, Snapchat saw an immediate 6 percent increase in the number of people on low-end devices sending Snaps within the first week of up...
Tags: Travel, Google, Social, TC, Mobile, Facebook, Apps, Europe, India, Snapchat, Earnings, Evan Spiegel, North America, EBITDA, Facebook s Instagram, Amazon AWS

eBay beats with revenues of $2.6B and EPS of $0.67 as restructuring takes shape

As eBay continues to work through a restructuring strategy, the e-commerce marketplace and online auction pioneer reported earnings for the first quarter of the year that should keep some of the more activist shareholders a little at bay. The company reported revenues of $2.6 billion and non-GAAP net income of $608 million, or diluted earnings per share of $0.67 ($0.57 EPS on a GAAP basis). Both numbers, in fact, exceeded analysts’ estimates. On average, they had predicted eBay to report EPS of ...
Tags: Travel, Google, Ecommerce, Ebay, Paypal, Earnings, Stubhub, GAAP, EBay Inc, eBay Commerce Network, Devin Wenig

Snapchat revives growth in Q1 beat with 190M users as share price spikes

Snapchat appears to have turned the corner after a year of flat or negative user growth thanks to a strong Q1 2019 earnings report. It reached 190 million daily active users, up 2 percent from 186 million in Q4 2018 but still down from 191 million a year ago, in part thanks to its newly reengineered Android app. Snap saw $320 million in revenue and -$0.10 non-GAAP EPS, beating Zack’s consensus estimates of $306 million and -$0.12 EPS, with revenue up 39 percent year-over-year. One concern is Sna...
Tags: Travel, Social, TC, Apps, Europe, Media, Instagram, Advertising Tech, US, Snapchat, Earnings, Evan Spiegel, North America, Snap, Zack, SPIEGEL

Jio added 10 million net subscribers every month in FY18-19: Q4FY19 earnings

Reliance Industries’ digital services business reported operating revenues of Rs 13,609 crore for the quarter ended March 31, 2019 (Q4FY19), reporting a 62% year-on-year increase and 10.6% growth over the last quarter. The company reported 12.8% growth over the last quarter in consolidated... ...
Tags: Travel, News, Internet, Earnings, Reliance Industries, Reliance Jio Infocomm, Jio, Earnings March-2019

Netflix looks at cheaper plans and more local content to grow in India; over 80% of new subscribers came from outside the US in Q1FY19

Netflix added 9.6 million subscribers in Q1FY19, bringing the total to 148.9 million paid streaming members. Most of this growth – 7.9 million of the net additions in Q1 – came from markets outside the US. Its worth noting that revenue from international streaming overtook US revenue in... ...
Tags: Travel, Mobile, Video, News, Internet, India, US, Netflix, Earnings, Streaming, Content, Ott, OTT Services, Earnings March-2019

Network18’s digital revenue grew 7% YoY to Rs 49 Cr; MoneyControl Pro sees over 50% increase in subscribers: Q4FY19 earnings

Network18 reported consolidated revenue of Rs 1236 crore for the quarter ended March 31, 2019 (Q4FY19), a fall of 19.6% from the previous quarter and an increase of 46% year-on-year. Profit after Tax reduced by 197% over the previous quarter, and reduced by 92% year-on-year. The company’s... ...
Tags: Travel, News, Earnings, Bookmyshow, FirstPost, Viacom 18, Network18, TV18, Moneycontrol, HomeShop18, Network18 Digital, CricketNext, Earnings March-2019,, MoneyControl Pro

Tencent Q4 profit disappoints, but cloud and payments gain ground

China’s Tencent reported disappointing profits in the fourth quarter on the back of surging costs but saw emerging businesses pick up steam as it plots to diversify amid slackening gaming revenues. Net profit for the quarter slid 32 percent to 14.2 billion yuan ($2.1 billion), behind analysts’ forecast of 18.3 billion yuan. The decrease was due to one-off expenses related to its portfolio companies and investments in non-gaming segments like video content and financial technology. Excluding non-...
Tags: Travel, Gaming, Facebook, Asia, Hong Kong, China, Cloud Computing, E-commerce, Alibaba, Tencent, WeChat, Earnings, Alipay, Alibaba Group, Online Payments, iQiyi

In India, Walmart would like a ‘collaborative regulatory process for a level playing field’

Walmart reported total revenues of $138.8 billion for the quarter ended 31 December 2018 (Q4FY19). Its net sales at Walmart International were down 2.3% to $32.3 billion, and growth was around 5% in constant currency, the company said. In its Wamart International business, Walmart reported... ...
Tags: Travel, Ecommerce, News, Internet, India, Walmart, Policy, Earnings, Flipkart, Fdi, Walmart International, FDI In E-Commerce, Earnings Dec-18, Wamart International

Notes on feature phones, the growth of 4G, Africa biz from Airtel’s Q3FY19 concall

Bharti Airtel Ltd reported consolidated operational revenues of Rs 20,519 crore in the quarter ended December 31, 2018, largely stagnant year-over-year. Consolidated net profit for the period was 31% lower YoY from Rs 560 crore to Rs 382 crore. The company has 384.65 million mobile customers world... ...
Tags: Travel, Mobile, News, Internet, Africa, Data, Telecom, Earnings, 4G, Airtel, Bharti Airtel Ltd, Airtel Africa, Consolidated, Sunil Mittal, Earnings Dec-18

Q4FY19: Google’s ad revenues rose 16.5% to $32.6B, rising expenses

Google parent Alphabet Inc’s reported a 22% year-on-year increase in revenues to $39.2 billion in quarter ended December 31, 2018 (Q4FY19). Revenues stood at $32.3 billion a year ago in Q4FY18, and at $33.74 billion in the preceding quarter. The company reported a net income of $8.9 billion, up... ...
Tags: Travel, Google, Mobile, News, Internet, Youtube, Advertising, Google Search, Earnings, Alphabet, Google Cloud Platform, Alphabet Inc, Google Assistant, Google Home, Earnings Dec-18

MTNL’s losses widen to Rs 832 Cr in Q3FY19; seeks Rs 500 Cr from DoT

State-owned telecom operator MTNL continued to post losses reporting Rs 832.26 crore, up from Rs 859.05 crore in the preceding quarter, and up 30% year-on-year from Rs 639 crore in Q3FY18. The company’s total income dropped 18.7% year-on-year to Rs 692.42 crore, from Rs 852.64 in Q3FY18. Over the... ...
Tags: Travel, News, Internet, Government, Broadband, Telecom, Earnings, PSU, MTNL, Department of Telecom, Earnings Dec-18

The new FDI in E-commerce policy doesn’t help Amazon India’s users and sellers – Brian Olsavsky, Amazon CFO

On its Q4FY19 earnings conference call, the Amazon leadership was asked multiple questions about the outlook for its India business. Here are the most pertinent responses: On the Indian FDI in ecommerce policy, the company’s CFO Brian Olsavsky said, “… There is much uncertainty as... ...
Tags: Travel, Amazon, Mobile, Ecommerce, News, Internet, India, Amazon Prime, Policy, Regulation, Earnings, Aws, Iot, Alexa, Amazon India, Brian Olsavsky

Q4FY19: PayPal adds 13.8M accounts, has 267M accounts in all

PayPal reported revenues of $4.23 billion, a 13% YoY increase, for the quarter ended December 31, 2018. Revenue was negatively affected by the sale of US consumer credit receivables portfolio to Synchrony in July 2018. PayPal saw a 17% YoY increase in active accounts, with 267 million active... ...
Tags: Travel, Mobile, News, Internet, Finance, US, Paypal, Earnings, Digital Payments, Earnings Dec-18

Q4FY19: Spotify has 96M paying users, 207M in total; India launch looming

Spotify’s MAUs grew 29% YoY to 207 million, based on growth in Latin America and other emerging regions, the company said during its Q4FY19 earnings. Users listened to over 15 billion hours of content during Q4 and its engagement across ad supported and premium users grew. It expanded to 13 more... ...
Tags: Travel, Mobile, Spotify, Music, News, Podcasts, Internet, Audio, India, Earnings, Streaming, Latin America, Earnings Dec-18

Q3FY19: Vodafone-Idea reports losses of Rs 5,005 Cr and 35M subscribers

Vodafone Idea reported consolidated operational revenues of Rs 11,747 crore in the second reported quarter after the merger of Vodafone India Ltd and Idea Cellular Services last year. The entity posted losses after tax of Rs 5,005 crore, up from loss of Rs 4,951 crore in the preceding quarter.... ...
Tags: Travel, Mobile, News, Internet, Data, Vodafone, Telecom, Earnings, 4G, Mergers & Acqusitions, Idea Cellular, Vodafone Idea, Vodafone India Ltd, Earnings Dec-18

Q3FY19: Hathway Cable reports Rs 134.85 Cr in revenues, 780K broadband subscribers

Hathway Cable reported standalone operational revenues of Rs 134.85 crore for the quarter ended December 31, 2018, this is largely stagnant year-on-year from Rs 138.65 crore in Q3FY18, and Rs 130 crore in the preceding quarter. The company also reported a 73% year-on-year fall in net profit to Rs... ...
Tags: Travel, News, Cable, Internet, Broadband, Earnings, Hathway, Hathway Cable, Hathway Broadband, Earnings Dec-18

Q3FY19: SBI’s UPI and YONO banking share up to 11% from 2% a year ago

SBI has reported a net profit of Rs 3,955 crore on the back of domestic credit growth, lower overhead expenses, amongst other reasons. Its operating profit grew by 7.40% YoY from Rs 11,755 crore in the same quarter last year to Rs 12,625 crore in Q3FY19, due to growth in net interest income and low... ...
Tags: Travel, Mobile, News, Internet, Banking, Earnings, Atms, UPI, Debit Cards, SBI, Aadhaar, Digital Payments, BHIM, BharatQR, SBI YONO, YONO

Q3FY19: ALTBalaji now has 13.1 million subscribers, 4.6 million monthly users

Balaji Telefilms’ OTT service ALTBalaji added 4.2 million subscribers for the quarter ended 31 December 2018, bringing its total subscriber count to 13.1 million subscribers (as on February 6). The streaming service reported 4.6 million monthly active users (as on February 6) as compared to 2.3... ...
Tags: Travel, Mobile, Video, News, Internet, Earnings, Streaming, Ott, Balaji Telefilms, ALTbalaji, Earnings Dec-18

Digital banking in Q3FY19: ICICI, Kotak Mahindra, Union, Canara and Yes Bank

All numbers for Q3FY19 unless stated otherwise. ICICI Bank: 23 million VPAs; digital transactions and notes ICICI Bank had 23 million VPAs on its own and partner platforms until December 21, 2018. Debit Cards: Total transaction volume: Rs 118.7 million, up from Rs 98.1 million in Q3FY18 Total... ...
Tags: Travel, Mobile, News, Internet, Banking, Earnings, Internet Banking, Credit Card, UPI, Debit Cards, Mobile Banking, Axis Bank, Union Bank of India, ICICI Bank, Aadhaar, Kotak Mahindra Bank

Twitter reports $909M in revenues in Q4FY19, MAUs fall by 9M to 321M

Twitter’s monthly active user base decreased by 9 million to 321 million in Q4FY19. Of these, 66 million were US users, while 255 million users were from other countries. MAUs also fell 5% over the preceding quarter from 326 million users. Revenues increased by 24% year-on-year to $909... ...
Tags: Travel, Mobile, Twitter, News, Internet, US, Social Media, Earnings, Fake News, Earnings Dec-18

Q3FY19: NDTV Convergence reports Rs 40 Cr in revenue, 10M views on HOP

NDTV’s digital arm Convergence reported its highest quarterly revenue up till now – over Rs 40 crore for the quarter ended 31 December 2018. Last quarter, the company had said that Convergence grew by 45% year-on-year. For the quarter ended June 30, 2018, Convergence saw 200 million unique... ...
Tags: Travel, Television, News, Media, Internet, Earnings, Broadcasting, NDTV, NDTV Convergence, Earnings Dec-18,

TV Today reports a 6.3% increase in revenues to Rs 199.4 Cr

TV Today reported standalone operational revenues of Rs 199.4 crore for the quarter ended December 31, 2018, 6.3% higher year-on-year from Rs 187.5 crore, and 22% higher from Rs 163.2 crore in the preceding quarter. The company’s net profit also shot up to Rs 39.1 crore from Rs 29.5 crore in... ...
Tags: Travel, Television, News, Earnings, Broadcasting, India Today, Aaj Tak, TV Today, TV Today Network, Earnings Dec-18

Eros Now has 13M paid subscribers in Q3FY19; now at 128M registered users

Eros Now now has 13 million paid subscribers for the quarter ended 31 December 2018, up from 10 million in the previous quarter. Paid subscribers have more than doubled from just 5 million subscribers a year ago. It also has 128 million registered users across 135 countries including in India. Eros... ...
Tags: Travel, Mobile, Video, News, Internet, India, Earnings, Streaming, Ott, Eros International, OTT Services, Eros Now, Earnings Dec-18

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