Investors take fright as Meta's revenues fall for second straight quarter, and warns of more costs ahead, forecasts weak holiday quarter
News Financial Results
Alphabet To Cut Hiring By Half, As YouTube Declines
Second bellwether for tech sector posts its financials – Alphabet reveals disappointing ad sales, sparking fears for digital media sector
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
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
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 the value of its stake in Rivian
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
Alphabet Misses Earnings Forecast, But Pleases With Strong Ad Performance
Narrow miss on quarterly results gives hope Alphabet is in a decent position to weather the economic slowdown impacting others
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
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
Sony Plans To Sell 18 Million PlayStation 5 Consoles This Year
Sony believes it can sell 18 million PlayStation 5 consoles for financial year ending in March 2023 – but depends on component supply from China
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
Amazon Posts First Net Loss Since 2015, Amid Challenging Market
Disappointing results from Amazon with first loss since 2015, as inflation, fuel and warehouse costs and supply chain turmoil take their toll
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 the first quarter
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
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 adverts
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 $10 billion
Alphabet Posts Record Results, Announces 20 for 1 Stock Split
Google parent Alphabet posts a stunning set of quarterly and annual results, and announces a 20 to 1 stock split in the summer
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 prosper
Facebook Warns Of ‘Significant’ Slowdown In Growth
Social networking giant Facebook records fastest growth since 2016, but warns annual revenue growth will slow “significantly”
Microsoft Thrives Thanks To Azure Growth
Software giant posts record results, as certain business segments (Azure) thrive during Coronavirus pandemic, but others struggle
Apple Posts Record Breaking Profit, But Warns Of Chip Shortage
Apple's earnings juggernaut continues, as strong sales of iPhones continues to drive up profits, but chip shortage looms
Intel Warns Chip Shortage Could Last Until 2023
CEO Pat Gelsinger said chip ecosystem recovering, but supply chain is stilled stressed, with chip shortages to last until 2023
BT Raises FTTP Target To 25 Million Premises
Despite a tough financial year, an extra five million premises has been added to BT's deployment of FTTP broadband, creating thousands more jobs
Amazon Posts Record Results, As Prime Video Catches Netflix
E-commerce and cloud services giant Amazon is another pandemic winner, after it posted record profits and revenues thanks to strong growth
Apple Profits Double As Users Upgrade To 5G iPhones
Apple reaps reward from strong spending on Macs, apps and iPads during lockdown, coupled with people upgrading to 5G iPhones
Alphabet Posts Record Growth During Pandemic
What pandemic? Strong performance in advertising sales and cloud business drives profits and revenues at Google parent Alphabet
Jeff Bezos To Step Down As Amazon CEO
Bombshell. Amazon founder and one of the richest men in the world, Jeff Bezos, will step down as CEO in second half of this year
Facebook To Reduce Political Content After Posting Healthy Profit
Mark Zuckerberg admits platform is looking at ways to reduce political content in news feeds, after it posts billion dollar profits
Apple Posts Biggest iPhone Sales Fall In Two Years, After Handset Delay
Mixed results. Delayed launch of the iPhone 12 by several weeks sees Apple post its largest decline in iPhone sales in two years
Uber Delivery Business Doubles As Ride-Hailing Slump Continues
Uber Eats revenues up 103 percent year-on-year, while Uber ride-hailing trips remain down 75 percent with gradual recovery driven by East Asia