Posts filtered by tags: Earnings[x]


Uber is still losing a lot of money

An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'', in Los Angeles, California, U.S., August 20, 2020. Mike Blake/Reuters Uber reported second quarter gross bookings of $21.9 billion, more than double the same period in 2020. Even so, the company posted an adjusted earnings loss of $509 million and a cash burn of $1.28 billion. The company&...
Tags: Transportation, Uber, News, California, US, Trends, Earnings, Ride-sharing, Los Angeles California, Uber and Lyft, Dara Khosrowshahi, Tech Insider, Khosrowshahi, DOMINICK REUTER, Nelson Chai, Mike Blake Reuters Uber

RE/MAX sees revenue and agent count inching upward in Q2

New earnings report reveals RE/MAX revenue grew 48 percent year over year by the end of June, while its total number of agents hit 140,201.
Tags: Radio, Earnings, Agent, Industry News, Markets & Economy, Brokerage, Select, Adam Contos, Motto, Pandemic, RE/MAX, Motto Mortgage, Coronavirus, COVID-19, COVID, Coronavirus Pandemic

Uber shares fall despite revenue beat as its core operations continue to lose money

Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to generate positive adjusted EBITDA in the second quarter, Uber did not. However, Uber did generate positive net income of $1.14 billion in the quarter thanks to its investments in other companies like Didi and Aurora Innovation. From the top, Uber’s gross bookings totaled $21.9 bi...
Tags: TC, Transportation, Lyft, Uber, Yahoo, Tech, Canada, United States, Earnings, Latin America, Tpg Capital, EMEA, EBITDA, APAC, Didi, Aurora Innovation From

Fox Corp. Sees Q4 Profit Rise on Ad Sales Rebound, Affiliate Increases

Fox Corporation said profit rose in its fourth fiscal quarter as advertisers ramped up spending as conditions of the coronavirus pandemic eased and it secured new revenue from distributors. But the company’s overall cash flow was crimped by fees for a wider range of sports events as well as investment in Tubi, its ad-supported streaming […]
Tags: News, Earnings, Fox News, Tubi, Lachlan Murdoch, Fox Corp, Fox Corporation

In another strong quarter, Keller Williams sees transactions jump 35% over last year

The company's global agent count increased 9.6 percent year over year as rumors continue to swirl about whether the company will go public this year. Here’s everything you need to know.
Tags: Technology, Radio, Canada, Earnings Report, Earnings, Agent, CRM, Industry News, Command, Keller Williams, Chris Cox, Gary Keller, Markets & Economy, Brokerage, Select, Jason Abrams

Discovery Q2 Profit Fueled by Ad Sales as Streaming Subscribers Total 18 Million

Discovery said second-quarter profit increased as advertising rebounded from a pullback last year during the coronavirus pandemic and as the company attracted new customers — 18 million to date — to its new streaming operations. Net income came to $672 million, or $1.01 per share, compared with $271 million, or 40 cents a share. The […]
Tags: News, Discovery, Earnings, David Zaslav, WarnerMedia

Cloud infrastructure market kept growing in Q2 reaching $42B

It’s often said in baseball that a prospect has a high ceiling, reflecting the tremendous potential of a young player with plenty of room to get better. The same could be said for the cloud infrastructure market, which just keeps growing with little sign of slowing down any time soon. The market hit $42 billion in total revenue with all major vendors reporting, up $2 billion from Q1. Synergy Research reports that the revenue grew at a speedy 39% clip, the fourth consecutive quarter that it has i...
Tags: Google, Amazon, TC, Cloud, Enterprise, Microsoft, Tech, Alibaba, Earnings, Aws, Ibm, Synergy, Murray, Big Blue, Amazon Microsoft, Canalys

Growth is not enough

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were a smaller team this week, with Natasha and Alex together with Grace and Chris to sort through a week that brought together both this quarter’s earnings cycle, and the Q3 IPO rush. So, it was just a little busy! Before we get to topics, however, a note that we are having a lot of fun recording these live on Twitter Spaces. We’ve found a hacky way to capture ...
Tags: Apple, Fundings & Exits, Startups, Class, Microsoft, Softbank, Tech, Tesla, Electric Vehicles, Earnings, Tiger Global, Equity, Alex, Robinhood, Shopify, Grace

Nokia jumps as the phone-maker beats earnings expectations and lifts outlook

The logo of Nokia is seen before the company's news conference in Espoo Reuters Nokia leapt as much as 7.2% on Thursday on the back of a strong earnings and guidance. The stock bounced on the news, climbing as much as 7% before paring some gains. The Finnish company attributed its success to mobile product launches and its 5G business. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Nokia leapt as much as 7.2% on Thursday on the back of a strong earnings cal...
Tags: Nokia, Trends, Markets, Earnings, Goldman Sachs, 5g, Jpmorgan, FactSet, MI Exclusive, Espoo Reuters Nokia, Ethan Wu, Opening Bell Nokia, Earlier in July JPMorgan

Comcast Sees Q2 Profit Rise on Broadband Sales, NBCU Rebound

Comcast said second-quarter profit rose 25% due to soaring sales of broadband services and a rebound in business at NBCUniversal, where advertising, movie operations and theme parks all improved as the nation works to move out of the coronavirus pandemic. The Philadelphia cable-and-entertainment giant said second-quarter net income came to $3.74 billion, or 80 cents […]
Tags: News, Comcast, Nbcuniversal, Earnings, Philadelphia, Brian Roberts

Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50 percent increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was $18.6 billion in the same quarter of last year. In the first financial period to really reflect a return to quasi-economic normalcy ...
Tags: Apple, Social, TC, Facebook, Messenger, Instagram, Congress, White House, Social Media, Tech, Whatsapp, Software, United States, Computing, Earnings, Biden

Facebook warns its growth is about to 'decelerate significantly' after the pandemic kept people online last year

Facebook CEO Mark Zuckerberg. Drew Angerer/Getty Images Facebook said growth will slow down in the coming months after a pandemic-driven boom. For its second quarter, however, the firm surpassed estimates and reported $29.1 billion in revenue. Facebook also warned of expected obstacles "from regulatory and platform changes." See more stories on Insider's business page. Facebook on Wednesday reported its second-quarter earnings that largely exceeded investor expectations while warning o...
Tags: Apple, Facebook, News, Congress, US, Trends, Earnings, Donald Trump, Federal Trade Commission, Tech Companies, EPS, Tech Insider, Katie Canales

Spotify’s podcast ad revenue jumps 627% in Q2

In the minutes before its quarterly earnings call this morning, Spotify played advertisements for its Originals & Exclusives, like the true crime show “Deathbed Confessions,” and the sex and relationships podcast “Call Her Daddy,” which Spotify recently acquired in a deal worth $60 million. Sure, it’s kind of hilarious to hear a recording of host Alex Cooper’s voice say, “Hey, daddy gang!” as investors log in to an 8 AM call, but the subtext rang clear: Spotify is serious about growing its podca...
Tags: Apple, Apps, Spotify, Podcast, Technology, Justice, Entertainment, Tech, Ceo, Software, EK, Podcasting, Earnings, Daniel Ek, Apple Music, Subscription Services

YouTube's revenue nearly doubled to $7 billion as digital ad spend rebounds in 2021

Google exec Philipp Schindler said the 'shift to online video and streaming' was key to the firm's success Sean Gallup/Getty Images YouTube's revenue soared 84% year-on-year to just over $7 billion. A post-2020 rebound in online advertising drove the company's success. The firm's in-house TikTok rival YouTube Shorts more than doubled daily views in three months. See more stories on Insider's business page. YouTube's revenue almost doubled to $7 billion in...
Tags: Google, Technology, Media, Youtube, Advertising, US, Trends, Earnings, Biden, Sundar Pichai, Federal Trade Commission, Sean Gallup Getty, Tech Insider, YouTube TV, Quarterly Earnings, Philipp Schindler

Tim Cook on Apple Deciding to Manufacture Components: 'We Ask Ourselves If We Can Do Something Better'

During today's earnings call for the third fiscal quarter of 2021 (second calendar quarter), Apple CEO Tim Cook was asked how Apple decides what components to purchase and what components to develop, and Cook said that Apple asks if it can be done better. We ask ourselves if we can do something better. If we can deliver a better product. If we can buy something in the market and it's great and it's as good as what we can do, we're going to buy it. We'll only enter where we have an ability to d...
Tags: Apple, Cook, Intel, Tim Cook, Earnings, Qualcomm, M1

Apple Expecting iPhone and iPad Supply Constraints in September Quarter

During today's earnings call covering the third fiscal quarter of 2021 (second calendar quarter), Apple CFO Luca Maesteri said that Apple is expecting supply constraints to affect the iPhone and the iPad in the coming quarter. "The supply constraints that we've seen in the June quarter will be higher in the September quarter," said Maestri. The constraints will impact ‌iPhone‌ and ‌iPad‌ sales in particular. It is not clear if these predicted supply constraints will affect the iPhone 13 mode...
Tags: Apple, Cook, Featured, Tim Cook, Earnings, Maestri, iPhone 13, Luca Maesteri

Apple's Mac and iPad Sales Continue to Surge in Q3 2021

Macs and iPads are selling in record numbers as people continue to work and learn from home. According to Apple's latest earnings report for the third fiscal quarter of 2021 (second calendar quarter), Apple's Mac category brought in $8.8 billion, up from $6.5 billion in the year-ago quarter. Sales were just a bit down from the second fiscal quarter of 2021, when Apple's Macs brought in $9.1 billion in revenue. iPad revenue was at $7.4 billion, up from $6.6 billion in the year-ago quarter and...
Tags: Apple, Mac, Tim Cook, Earnings, Luca Maestri

Surging iPhone sales help Apple overcome global supply chain shortages

Apple CEO Tim Cook. Photo by Justin Sullivan/Getty Images Apple smashed Wall Street estimates in its Q3, reporting a 50% YOY growth in iPhone sales. Apple also reported strong Mac and iPad growth despite a supply chain shortage affecting both. CEO Tim Cook said the firm was able to "mitigate" some of the shortage-related costs. See more stories on Insider's business page. Apple on Tuesday reported fiscal third-quarter financials that easily surpassed Wall Street expectations.The compan...
Tags: Apple, Cook, News, Trends, Macbook, Tim Cook, Retail, Earnings, Tech Companies, EPS, Tech Insider, Dan Ives, Katie Canales, Justin Sullivan Getty Images Apple, CNBC Services

Alphabet crushes Q2 earnings estimates as Google Cloud cuts losses, grows 54%

Today after the bell amidst a deluge of major technology company earnings reports, Alphabet reported its own second-quarter performance. The search-and-services company posted revenues of $61.9 billion in the June 30, 2021 quarter, net income of $18.5 billion, and earnings per share of $27.26. Those figures work out to top line growth of 62%, and net income expansion of 166%. Naturally Google is currently being compared to pandemic-impacted Q2 2020 results, but its gains are noteworthy regardles...
Tags: Google, Android, TC, Microsoft, Youtube, Tech, Earnings, Alphabet, Google Cloud

iPhone sales fuel Apple’s Wall Street-beating Q3

Another excellent quarter for Apple, as the company posted $81.4 billion in revenue. That’s a 36% year-over-year jump for the company, besting Wall Street estimates of $73.3 billion by a considerable margin. “Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,” CFO Luca Maestri said in a release. “We generated $21 bill...
Tags: Apple, Apps, Finance, Americas, Tech, Tim Cook, Earnings, Greater China, Luca Maestri, Maestri

Apple's Services Revenue Reaches $17.5 Billion in Q3 2021, Setting New All-Time Record

Apple's services category, which includes the App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple Fitness+, and more, saw another quarter of incredible growth according to Apple's earnings results for the third fiscal quarter of 2021 (second calendar quarter). Services brought in $17.5 billion during the quarter, up 33 percent from $13.2 billion in the year-ago quarter and up from $16.9 billion last quarter. Cloud services, ‌Apple Music‌, advertising, video, and pay...
Tags: Apple, Tim Cook, Earnings, Apple Music, Luca Maestri, Ted Lasso

Apple's Wearables, Home and Accessories Category Sets New June Quarter Revenue Record of $8.8 Billion

Apple's Wearables, Home, and Accessories category saw strong growth during the third fiscal quarter of 2021, Apple CEO Tim Cook said during today's earnings call. The category brought in $8.8 billion, up 36 percent from $6.5 billion in the year-ago quarter. According to Cook, the category set a new all-time June quarter revenue record. Wearables, Home, and Accessories includes the Apple Watch, AirPods, AirPods Pro, AirPods Max, HomePod, Beats headphones, and more. AirTags is in this categor...
Tags: Apple, Cook, Tim Cook, Earnings, Apple Watch, AirTag

Apple Reports 3Q 2021 Results: $21.7B Profit on $81.4B Revenue, New June Quarter Records

Apple today announced financial results for the third fiscal quarter of 2021, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, compared to revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $0.65 per diluted share, in the year-ago quarter. Apple's top-line numbers shattered June quarter records for the company. Gross margin for the qu...
Tags: Apple, Featured, Tim Cook, Earnings, Pacific, No AMP

Apple Saw Double Digit Growth in iPhone Upgraders and Switchers in Q3 2021

Apple experienced "strong double digit growth" in the number of iPhone users who were upgrading an older device or swapping to an ‌iPhone‌ from an Android device, Apple CEO Tim Cook said during today's earnings call covering the third fiscal quarter of 2021. Cook said that it was the largest upgrade quarter for Q3 ever, and that the iPhone 12 upgrade cycle on the whole was "very strong." Sales of the iPhone 12 Pro and the iPhone 12 Pro Max were "particularly strong." Going forward, Cook sai...
Tags: Apple, Cook, Tim Cook, Earnings

Boston Beer Company crashes 26% as executives blame fizzling hard seltzer demand for steep earnings miss

Bethany Biron/Business Insider Beer tumbled more than 25% on Friday after revealing a bruising earnings miss on Thursday. On an earnings call, the Sam Adams maker reported earnings per share were $4.75 versus an anticipated $6.69. Boston Beer's off-target expectations were a function of slowing growth in a maturing market, new competition, and pandemic restrictions, executives said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Boston Beer Company tumbled 2...
Tags: Trends, Markets, Earnings, Sam Adams, Boston Beer, Boston Beer Company, Hard Seltzer, Earnings Miss, MI Exclusive, Truly, Ethan Wu, Bethany Biron Business Insider Beer, Things Before the Opening Bell Boston Beer Company, Truly Boston Beer, CEO Dave Burwick Boston Beer Company

Chipotle soars 13% to an all-time high as digital ordering and return of dine-in customers push revenue to pre-pandemic levels

Chipotle is giving away a Tesla 3. Chipotle Shares of Chipotle soared 12.95% to reach new highs on Wednesday. Second-quarter earnings showed revenue came in at $1.89 billion, above the analyst consensus of $1.88 billion. Almost half of all sales at the fast-casual chain were digital. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares in Chipotle soared as much as 12.95% to reach new highs on Wednesday as a bumper second-quarter earnings call showed the fast-c...
Tags: Trends, Markets, Beef, Tesla, Earnings, Wages, Chipotle, Cnbc, Brian Niccol, MI Exclusive, Ethan Wu, Analyst Conference Call, Chipotle Shares of Chipotle

Apple to Announce Q3 2021 Earnings on July 27

Apple today announced that it plans to hold its quarter three earnings call for the 2021 fiscal year on July 27, 2021. During the third quarter, which includes late March through late June, the company made several major announcements, including brand new iPad Pros, redesigned 24-inch iMac, AirTags, and a new Apple TV. Additionally, the company held its annual Worldwide Developers Conference, where it announced major updates to all of its platforms coming to users this fall. During the se...
Tags: Apple, Earnings, Luca Maestri

FedEx slumps as the carrier beats earnings estimates but says costs tied to increased shipping demand and labor are soaring

Boxes containing the Moderna COVID-19 vaccine are loaded into a truck for shipping at the McKesson distribution center in Olive Branch, Miss., Sunday, Dec. 20, 2020. AP Photo/Paul Sancya, Pool FedEx fell as much as 5.6% on Friday after earnings revealed labor and logistical pressures. The US labor shortage has cost the courier on wages and shipping efficiency. FedEx's CEO expressed optimism, saying that investments in its delivery network would soon pay off. Sign up here for our daily ...
Tags: US, Trends, Markets, Shipping, Earnings, Wages, Logistics, Fedex, McKesson, Fred Smith, MI Exclusive, Ethan Wu, Paul Sancya Pool, Opening Bell FedEx

Offerpad sees dip in revenue as it preps for public debut

The iBuyer's revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares.
Tags: Technology, Radio, Earnings Report, Earnings, Spencer Rascoff, Markets & Economy, Select, Opendoor, Offerpad, Brian Bair, iBuyer, Ibuying

Zoom beats Wall Street expectations in its first-quarter earnings. Here's how 8 insiders describe its whirlwind year.

Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur/Getty Images Zoom had a chaotically extraordinary year in 2020, with usage and revenue skyrocketing. Quarterly results reported Tuesday show it's still expanding, but the growth rate is leveling out. Now as the world reopens, Zoom faces new challenges to prove that it can adapt to a post-pandemic world. See more stories on Insider's business page. The pandemic t...
Tags: Enterprise, Trends, Earnings, Teaser, Software As A Service, Zoom, Nordic, Tech Insider, Eric Yuan, Paayal Zaveri, Subotovsky, Santiago Subotovsky, New York City Kena Betancur Getty Images Zoom, Bloomberg Earnings