Apple Misses Earnings Expectations, But Sets Revenue Record For Services Business
In a rarity for the tech giant, Apple missed Wall Street’s earnings and revenue expectations for its first quarter, reporting...
Earnings
YouTube Reports Advertising Revenue Miss as Shorts Views Cross 50B a Day
YouTube, a day after formally launching its revenue-sharing program for YouTube Shorts creators, reported $7.96 billion in advertising revenue to...
Meta’s Mark Zuckerberg Says 2023 Is “Year of Efficiency” As Revenue, Income Declines
Meta Platforms Inc. reported $32.17 billion in revenue during the fourth quarter, falling within the company’s forecasts and higher than...
Snap Grows Paid Subscriptions But Quarterly Losses Keep Up Amid “Significant Headwinds”
Snap Inc. brought in $1.3 billion revenue and reported net losses amounting to $288 million to close out 2022 as...
Spotify Hits 205M Paid Subs, Grows Fourth-Quarter Ad Revenue
Audio streaming giant Spotify ended 2022 with 205 million premium, or paying, subscribers, up from 195 million as of the end of...
Wall Street Has a Cautious Outlook on NBCUniversal After Comcast Earnings
Comcast mostly drew a thumbs-up from Wall Street with its fourth-quarter earnings report on Thursday that met or exceeded forecasts...
Charter Loses 144,000 Pay TV Subs in Fourth Quarter, Adds 105,000 Broadband Users
Cable giant Charter Communications, in which John Malone’s Liberty Broadband owns a big stake, reported its fourth-quarter results on Friday, including slowed broadband...
NBCUniversal CEO: “We Are Always Looking for Bolt-On Acquisitions”
Will they or won’t they buy anything? And if so, what? With M&A speculation regularly swirling around the entertainment industry,...
NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to $978M in Fourth Quarter
Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its fourth-quarter revenue, but its loss widened again compared with the year-ago...
Xbox Sales Drop as Microsoft’s Gaming Division Declines in Revenue
Microsoft’s Xbox sales declined by 13 percent while the gaming system’s content and services saw a 12 percent drop in...
