profit

Netflix Ends DVD By Post, Amid Password-Sharing Crackdown

Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown

2 years ago

Samsung To Cut Chip Production Amid Profit Decline

Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand

2 years ago

Alphabet Earnings Miss Expectations, As YouTube Declines

Google parent Alphabet has felt the impact of reduced advertising spending, after its latest financials mostly missed Wall Street expectations

2 years ago

Apple Disappoints By Missing Wall Street Expectations

Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over

2 years ago

Meta Pleases Investors With ‘Year Of Efficiency’ Pledge

After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in…

2 years ago

HP To Layoff 4,000 To 6,000 Staff Over Next Three Years

Smaller still. Thousands of job cuts are coming to HP's global workforce, in addition to the 9,000 jobs it axed…

2 years ago

Apple Rides The Storm With Solid Earnings

Amid investor tech gloom, Apple's Q4 and full year results prove to be a bright spot, but it admits holiday…

2 years ago

Meta Shares Plummet Over Costs, Weak Forecast

Investors take fright as Meta's revenues fall for second straight quarter, and warns of more costs ahead, forecasts weak holiday…

2 years ago

Microsoft Shares Sink After Weak Forecast

Enterprise software giant Microsoft beat Wall Street expectations, but shares fell as it issued weak guidance for the coming quarter

2 years ago

Netflix To Begin Password Crackdown In 2023

Streaming giant Netflix beats Q3 expectations and adds 2.4 million subscribers, while confirming global password crackdown next year

2 years ago

Amazon Posts Second Straight Loss After Rivian Stake Writedown

Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of…

2 years ago

Apple Shrugs Off Economic Gloom, But Profit Slips

No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates

2 years ago

Meta Posts First Ever Revenue Decline, Amid Intense Pressures

CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline

2 years ago

Microsoft Q4 Profits From Cloud Growth, But Misses Forecasts

Windows and Xbox declines for Microsoft, which blames economic turmoil as its strong furth quarter earnings misses some analyst forecasts

2 years ago

Tesla Sells 75 Percent Of Bitcoin Holdings

Bitcoin price slides after Elon Musk says cryptocurrency sale was to maximise Tesla's cash position after a shaky second quarter

2 years ago

Netflix Loses 1 Million Subscribers, But Predicts Q3 Growth

One million subscriber loss is less than 2 million prediction, as streaming giant offsets investor worry with forecast to add…

2 years ago

Apple Profits Surge, As Firm Warns Of Trouble Ahead

No interruption for the Apple gravy train, as it shrugged off supply chain troubles. However it forecasted bigger problems ahead

3 years ago

Meta Pleases Investors After Daily User Number Growth Returns

Shares in Meta rose 20 percent in relief with modest daily and monthly user growth, despite mixed financial results in…

3 years ago

Alphabet Profit Slides As YouTube Misses Expectations

Tech giant posts mixed first quarter results, as Alphabet contends with rising inflation, increased YouTube competition, and falling ad spend

3 years ago

Netflix Subscribers Fall For First Time In Ten Years

Streaming giant Netflix reveals loss of subscribers for the first time in ten years, and mulls lower-cost subscription plan with…

3 years ago

Meta Stock Suffers, As Facebook Loses Daily Users For First Time

Facebook warns of significant Apple iOS privacy impact, which will decrease sales in the coming year by as much as…

3 years ago

Apple Shrugs Off Chip Shortage With Record Revenues

Tech giant surpasses Wall Street predictions, as revenues grow 11 percent despite Omicron variant and ongoing global chip shortage

3 years ago

Mark Zuckerberg: Frances Haugen’s Allegations Don’t Make Sense

Mark Zuckerberg rejects Frances Haugen’s testimony that Facebook puts profits before people's safety, and says many of her allegations don't…

3 years ago

Amazon Online Sales Growth Slows Amid Lockdown Easing

Growth for online shopping at Amazon settles down to more normal levels after the pandemic boost, but AWS continues to…

3 years ago

Facebook Warns Of ‘Significant’ Slowdown In Growth

Social networking giant Facebook records fastest growth since 2016, but warns annual revenue growth will slow “significantly”

3 years ago

Microsoft Thrives Thanks To Azure Growth

Software giant posts record results, as certain business segments (Azure) thrive during Coronavirus pandemic, but others struggle

3 years ago