As Indian startups raise record capital, losses are widening
Indian tech startups secured nearly $14 billion in 2019, more than they have raised in any other year. This is a major rebound since 2016, when startups in the nation… Read more »
Category: Earnings
The $100M ARR club
Hello and welcome to a lightweight series I’m writing while I recapture my footing at TechCrunch. It’s lovely to be back, and I’m excited to chat about what’s going on… Read more »
Uber lost more than $5B last quarter
Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019. Uber… Read more »
Fitbit lowers guidance after Versa Lite disappoints
Fitbit continued solid device growth for Q2, up 31%, year over year, representing a 5% bump in revenue. From that angle, the company’s long-term turnaround appears to be on track… Read more »
Spotify hits 108M paying users and 232M overall, but its average revenue per user declines
Spotify added 8 million subscribers in the quarter that ended in June, slightly below the estimated 8.5 million figure, the streaming giant reported today. The top music streamer said it… Read more »
Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute
As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand for chips and smartphones. The company said its second-quarter operating… Read more »
iPhones have weak quarter, but wearables are doing great
As anticipated, Apple’s hardware numbers were a mixed bag during today’s fiscal Q3 earnings report. Apple continues to shift much of its resources to services and content, including a billion-dollar… Read more »
AWS revenue growth slips a bit, but remains Amazon’s golden goose
Like Azure last week, AWS reported some slippage in its cloud earnings growth numbers today, dropping from 49% growth last year at this time to 37% this year. Total revenue… Read more »
Azure revenue continues to slow down for Microsoft
Microsoft reported in its FY19, Q4 earnings report today that Azure, the company’s infrastructure as a service (IaaS) offering, grew at 64 percent. It may feel like a large number,… Read more »
Slack narrows losses, displays healthy revenue growth
Workplace messaging powerhouse Slack filed an amended S-1 with the U.S. Securities and Exchange Commission on Friday weeks ahead of a direct listing expected June 20. In the document, Slack… Read more »
Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross bookings growth of 230% for its other bets, while ridesharing… Read more »
Dissecting what Lyft’s IPO means for Uber and the future of mobility
Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kirsten Korosec and Kate Clark… Read more »
Samsung’s upcoming Q1 earnings are going to be ugly
It’s that time again folks, Samsung has reported guidance for its upcoming Q1 quarter — and things don’t look good. Samsung is forecasting that revenue for the quarter will reach… Read more »
Razer hooks up with Tencent to focus on mobile gaming
Razer is summoning a big gun as it bids to develop its mobile gaming strategy. The Hong Kong-listed company — which sells laptops, smartphones and gaming peripherals — said today… Read more »
China’s Qutoutiao is burning millions of dollars to take on TikTok parent
Chinese startup Bytedance is finding itself surrounded by challengers as its empire of new media products, including global video app TikTok and Chinese news aggregator Jinri Toutiao, gather steam. Tencent… Read more »
Box fourth quarter revenue up 20 percent, but stock down 22 percent after hours
By most common sense measurements, Box had a pretty good earnings report today, reporting revenue up 20 percent year over year to $163.7 million. That doesn’t sound bad, yet Wall… Read more »
Google’s still not sharing cloud revenue
Google has shared its cloud revenue exactly once over the last several years. Silence tends to lead to speculation to fill the information vacuum. Luckily there are some analyst firms… Read more »
Alphabet revenues are up 22% but the stock is still dropping
Despite delivering a Q4 earnings revenue beat, Google parent company Alphabet’s stock is seeing a bit of a drop. The massive search company reported revenue of $39.3 billion, up 22… Read more »
Samsung posts fourth-quarter profit drop, warns of weak demand until the second half of 2019
Samsung Electronics reported its largest quarterly profit decline in two years during its earnings report today. As the Galaxy maker warned in its earnings guidance earlier this month, its results… Read more »
Yep, iPhone revenue is down
Apple’s Q1 earnings are in, and things don’t look too rosy the iPhone. Revenue for the handset has declined 15 percent year over year for the quarter. It’s a pretty… Read more »
Another day, another reversal in the stock market
Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first… Read more »
Apple losses trigger a plunge in US markets
Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in… Read more »
Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge
The cryptocurrency market is an exciting one, but it’s also unpredictable — and when things go south, they take related businesses with them. Nvidia, a hardware giant that has been… Read more »
Airbnb made more than $1 billion in revenue last quarter
Ahead of Airbnb’s expected initial public offering next year, the home-sharing startup announced more than $1 billion in revenue during Q3 2018. Airbnb says this was its strongest quarter to… Read more »
China’s Craigslist continues growth after netting 100 million small-town users
58.com, the Craiglist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties. During the third quarter, revenues grew 33.2 percent to $527 million… Read more »
IAC reorg makes Vimeo and DotDash standalone segments, adds new acquisition Robokiller
IAC is changing the way its business is organized, the company reported during its Q3 2018 earnings on Wednesday. The company’s video platform Vimeo and DotDash (previously About.com) will become… Read more »
Despite a strong Q3 earnings report, Square’s Q4 forecast disappoints investors
Despite a strong third-quarter earnings report, Square’s forecast for the final quarter of this year gave investors pause, sending its share price down 6 percent in after hours trading before… Read more »
Tinder now has 4.1M paying users, expects $800M in revenue this year
Facebook Dating is no challenger to Tinder-owner Match Group (NASDAQ: MTCH), which posted third-quarter earnings per share of 44 cents on Tuesday. The company, which owns several brands of internet… Read more »
As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads
Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the… Read more »
Facebook shares climb despite weak Q3 user growth and revenue
After last quarter’s bloodbath earnings report that cut 20 percent from Facebook’s share price, the social network stumbled in Q3 2018, reaching 2.27 billion monthly users, up 37 million users… Read more »