Tag Archives: revenue

Google parent company Alphabet’s third quarter revenue increased 14 percent from the year before, led by a rebound in advertising revenue for both Google and YouTube. YouTube brought in $5 billion in advertising revenue in the third quarter of 2020 — a sign that advertisers who pulled back on their spending because of the coronavirus earlier in the year may be returning to something resembling normal. YouTube now has more than 30 million music and premium paid subscribers — 35… Source link

The tech giant’s parent company, Alphabet, reported revenue of $46.17 billion for the three months ending in September — a 14% increase from the same period last year — highlighting its continued dominance even while facing numerous obstacles. The company also reported net income for the third quarter of $11.2 billion, blowing past analyst estimates. Alphabet (GOOGL) stock rose more than 8% in after-hours trading on Thursday. The earnings came a day after Alphabet’s CEO, Sundar Pichai,… Source link

These days, Yandex’s (NASDAQ:YNDX) shares are trying to emulate the behavior of the US big tech stocks, which continue to soar no matter what. The problem, however, is that the rally went too far from the reality the company operates in today. The recent stock run would make sense for Yandex in pre-covid times, but now it’s really hard to justify a ridiculously high valuation of the company. On the other hand, if we look at Yandex through the lenses of a typical growth story where the public… Source link

Google, Facebook and other digital platforms could be forced to pay hundreds of millions of dollars in fines if they fail to comply with a news media bargaining code released by Australia’s competition regulator on Friday. The Australian Competition and Consumer Commission was asked to develop the mandatory code in April by the treasurer, Josh Frydenberg, after negotiations between the digital platforms, the ACCC and media companies stalled, and media companies experienced a sharp fall in… Source link

In the second quarter, Facebook reported 10% growth in ad revenue while Google’s declined. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as… Source link

The internet giant on Thursday reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior. Still, revenue was slightly higher than the $37.4 billion Wall Street analysts had expected. The company posted net income just shy of $7 billion, which also beat analysts’ projections. “We continue to navigate through a difficult global economic environment,” Alphabet CFO Ruth Porat said in a statement with the earnings report. Source link

Google parent company Alphabet warned in last quarter that it was expecting to see the impact of coronavirus in the second quarter results, and it was: the company saw its first revenue decline in its history. But it managed to beat Wall Street’s revenue expectations. Total revenue for the quarter was $38.3 billion, versus the $37.4 billion expected, but that marks a 2 percent decline from the second quarter of 2019. Net income dropped from $9.9 billion a year ago, to $6.9 billion…. Source link

Shares of Russian internet firm Yandex (NASDAQ:YNDX) are down 3% pre-market in U.S. trading despite beating Q2 estimates on the top and bottom line. Online ad revenue fell 15% Y/Y to RUB29.1M due to the coronavirus pandemic. Revenue from Yandex properties was down 11% (accounting for 49% of revenue), and ad network sales dropped 31% (10% of revenue.) The Taxi segment grew 42% Y/Y to account for 30% of total revenue, up nine percentage points on the year. The growth was primarily due to the… Source link

Yandex (NASDAQ:YNDX): Q2 GAAP EPS of -$0.14 beats by $0.02. Revenue of $591.9M (-9.8% Y/Y) beats by $12.82M. Adjusted net income of RUB1.9B ($27.3M), down 67% compared with Q2 2019. Press Release Source link