“Google is clearly trying to modernize what has been this golden goose, which is their search business, while also trying to modernize the format that they’re able to deliver to users on YouTube with Shorts,” said our analyst Max Willens, following Alphabet’s third-quarter earnings. “We might be at the beginning of an environment where it’s tough to build momentum around either of them.” How we got here: Last month, Alphabet revealed only modest third-quarter gains after a booming… Source link
Read More »Meta prepares to report earnings amid ad revenue, cost-cutting pressures
Meta (META) is gearing up to report its third-quarter earnings after the closing bell on Wednesday. Here’s what Wall Street’s expecting from Facebook’s parent company, as compiled by Bloomberg: Revenue: $27.4 billion expected Earnings Per Share (EPS): $1.88 expected Facebook Daily Active Users (DAUs): 1.86 billion expected The digital advertising slowdown had been top-of-mind for Meta and Big Tech overall heading into this week’s earnings. On Tuesday, Google parent Alphabet (GOOG, GOOGL) reported… Source link
Read More »Chipotle Q3 earnings beat expectations as price hikes boost revenue
Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates: Revenue: $2.2 billion versus $2.24 billion expected Adj. earnings per share (EPS): $9.51 versus $9.23 expected Same-store sales: 7.6% versus 7.38% expected The third quarter that ended on September 30, 2022, proved that customers are… Source link
Read More »Google misses on expectations as YouTube ad revenue comes up short
Google parent Alphabet (GOOG, GOOGL) reported its third-quarter earnings on Tuesday, falling short of analysts’ expectations on the top and bottom line, as YouTube advertising revenue came up $400 million short of estimates. These are the most important numbers from the report compared to what Wall Street was expecting of the company, as compiled by Bloomberg. Shares of Alphabet were down nearly 6% following the announcement. The digital advertising market has been struck by a slowdown in… Source link
Read More »Record revenue on ‘tremendous demand,’ CEO says
Delta Air Lines reported record revenue in the third quarter, and CEO Ed Bastian attributed the “tremendous demand” to business performance to a shift of consumer dollars from goods to services. “Consumers are prioritizing investing in themselves, experiences and services, rather than buying things” Bastian told Yahoo Finance. Comparing the Q3 report to consensus estimates compiled by Bloomberg: Adjusted net income: $966 billion (including a $35 million impact from Hurricane Ian) vs $994… Source link
Read More »Real-Time Bidding Market Size Business Revenue Forecast Leading Competitors and Growth Trends 2032 | Google, WPP, Adobe, Criteo, Facebook, Smaato, Yandex
Global Real-Time Bidding Market Overview : The report sheds light on many aspects of the Real-Time Bidding market, such as market definition, market segmentation, competitive analysis and research methodology. In addition, it provides information about market forces and constraints that help companies make informed guesses about whether the production of a particular product will increase or decrease. The report’s in-depth market analysis and study of consumer dynamics and supply… Source link
Read More »Palantir cuts revenue forecast, says govt contracts timing ‘uncertain’
By Chavi Mehta (Reuters) -Palantir Technologies Inc lowered its annual revenue forecast to below market estimates after the data analytics software company reported a surprise quarterly loss on Monday, sending its shares down 15%. The company had to temper its revenue forecast as the timing of some government contracts remained uncertain, Chief Executive Alexander Karp said, calling the uncertainty “frustrating.” The large size of the government awards and the long-drawn procurement procedure… Source link
Read More »Block reports 34% drop in Cash App bitcoin revenue, takes $36 million charge in Q2
Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on its bitcoin investments. Gross profit in the quarter totaled $1.47 billion against Wall Street expectations for $1.46 billion, while adjusted earnings per share of $0.18 topped estimates for $0.16. Excluding bitcoin, total net revenue in the second quarter was $2.62 billion, up 34% year over… Source link
Read More »IMAX stock rises on revenue beat as ‘Maverick,’ ‘Dr. Strange’ boost theatrical return
Editor’s Note: This post is breaking and will be updated IMAX (IMAX) reported its fiscal second quarter earnings on Thursday after market close as a healthy summer box office season helped the company deliver strong top-line growth, with revenue up 45% year-over-year. Here are IMAX’s second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: “Doctor Strange in the Multiverse of Madness,” “Top Gun: Maverick” and “Jurassic World: Dominion” helped lift overall… Source link
Read More »Yandex GAAP EPS of RUB15.32, revenue of RUB117.7B – Seeking Alpha
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