netflix Netflix Rejects Ad-Supported Model Despite Investor Pressure Netflix CEO Reed Hastings firmly rejects an ad-supported tier, arguing that competing with Google, Facebook, and Amazon for online ad revenue is too difficult and not worth the privacy trade-offs.
apple Apple Achieves All-Time Revenue and Earnings Records in Holiday Quarter Apple reports record quarterly revenue of $91.8 billion driven by strong iPhone 11 demand and all-time highs in Services and Wearables. The tech giant also generates $30.5 billion in operating cash flow and returns $25 billion to shareholders.
adobe Adobe Exceeds $11 Billion in Annual Revenue Thanks to Strategic Acquisitions Adobe reports record-breaking annual revenue of $11.17 billion for fiscal year 2019, representing a 24 percent growth rate. The impressive financial milestone stems from a combination of major acquisitions like Marketo and Magento, alongside strong in-house product development.
uber Uber Posts $1 Billion Quarterly Loss Despite Revenue Gains Uber reports $3.8 billion in revenue but loses over $1 billion in the third quarter as its Eats and freight divisions bleed cash.
uber Uber Shifts Focus to Profitability as Third Quarter Losses Top $1 Billion Uber beats quarterly revenue expectations but reports a $1.16 billion net loss, prompting CEO Dara Khosrowshahi to prioritize efficiency over rapid growth. The company now targets adjusted EBITDA profitability for 2021.
apple Apple Posts Record Fourth Quarter Revenue Driven by Services Growth Apple reports $64 billion in quarterly revenue and $13.7 billion in profit, setting new earnings per share and services records. The tech giant anticipates strong holiday quarter sales between $85.5 billion and $89.5 billion.
netflix Netflix Profits Surge in Q3 Despite Slowing US Subscriber Growth Netflix beats earnings expectations with $1.47 per share, but struggles with domestic subscriber growth following recent price hikes.
hp HP CEO Weisler Steps Down for Family Health Reasons, Lores Takes Over HP CEO Dion Weisler steps down due to a family health matter, with longtime executive Enrique Lores taking the helm. The leadership change accompanies a mixed third-quarter earnings report that beats profit estimates but narrowly misses revenue targets.
uber Uber Posts Record $5.2 Billion Loss as Growth Slows Uber reports a massive $5.2 billion second-quarter loss, its largest ever, while revenue growth slows to just 14 percent. The disappointing earnings cause the company's stock to plummet more than 11 percent.
uber Uber Posts Record Quarterly Loss as Expenses Outpace Revenue Growth Uber reports its largest quarterly loss in company history, driven by significant stock-based compensation costs following its recent IPO. The ride-hailing giant continues to prioritize growth over immediate profitability.
samsung Samsung Forecasts Steep 56% Profit Drop Amid Chip Slump Samsung warns that its quarterly profit is set to fall by more than half due to falling memory chip prices and weakening smartphone demand.
spotify Spotify Announces Second Quarter 2019 Financial Results Spotify officially reveals its second quarter 2019 financial performance to the public. The music streaming giant shares its latest earnings data with investors and markets.
apple Apple Achieves Record June Quarter Revenue Despite Slight Profit Dip Apple reports $53.8 billion in revenue for the third fiscal quarter of 2019, marking its highest June quarter ever. The company sees strong growth in services and wearables as it prepares for major product launches later this year.
alphabet Alphabet Stock Surges 9.6% on Strong Earnings and Cloud Growth Alphabet shares jump nearly 10 percent after the company reports second-quarter earnings that easily beat analyst expectations. The tech giant also shows impressive momentum in its cloud business and YouTube advertising.
tech stocks Major Tech Giants Defy Regulatory Fears With Strong Revenue Growth Despite ongoing discussions about a tech-lash, top technology companies report impressive revenue growth that far outpaces the overall U.S. economy. Investors continue to reward these strong core businesses with significant stock market gains.