Income
- Technology
Alibaba reports Q4 revenue up 2% YoY to ~$30B, ~$3.2B net income, up from a ~$2.6B loss in Q4 2022, and plans to spin off its cloud unit and take others public (Jane Zhang/Bloomberg)
Jane Zhang / Bloomberg: Alibaba reports Q4 revenue up 2% YoY to ~$30B, ~$3.2B net income, up from a ~$2.6B…
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Cisco reports Q3 revenue up 14% YoY to $14.6B, vs. $14.4B est., net income up 6% YoY to $3.2B, and a strong Q4 sales forecast (Bloomberg)
Bloomberg: Cisco reports Q3 revenue up 14% YoY to $14.6B, vs. $14.4B est., net income up 6% YoY to $3.2B,…
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Tencent reports Q1 revenue up 11% YoY to ~$21.4B, above estimates and the fastest growth in over a year, and net income up 10% YoY to ~$3.6B, below estimates (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Tencent reports Q1 revenue up 11% YoY to ~$21.4B, above estimates and the fastest growth in…
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Baidu reports Q1 revenue up 10% YoY to ~$4.5B and ~$834M net income, both above analyst estimates, driven by its ad and cloud businesses (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Baidu reports Q1 revenue up 10% YoY to ~$4.5B and ~$834M net income, both above analyst…
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Chinese chipmaker SMIC reports Q1 revenue down 20.6% YoY to $1.46B and net income down 48.3% YoY to $231.1M, both beating analyst estimates (Che Pan/South China Morning Post)
Che Pan / South China Morning Post: Chinese chipmaker SMIC reports Q1 revenue down 20.6% YoY to $1.46B and net…
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CarGurus Q1 net income down; digital wholesale revenue nose-dives
CarGurus Inc.’s first-quarter net income tumbled 37 percent to $11.9 million as its digital wholesale division revenue plunged 76 percent,…
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EA reports Q4 revenue of $1.87B, up 2.7% YoY, a $12M net loss, vs. a $225M net income YoY, net bookings up 11% YoY to $1.95B, and FIFA net bookings up 31% YoY (Etan Vlessing/The Hollywood Reporter)
Etan Vlessing / The Hollywood Reporter: EA reports Q4 revenue of $1.87B, up 2.7% YoY, a $12M net loss, vs.…
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Airbnb reports Q1 revenue up 20% YoY to $1.82B, vs. $1.79B est., its first profitable Q1 with a $117M net income, and a cautious outlook for Q2; ABNB drops 10%+ (Ashley Capoot/CNBC)
Ashley Capoot / CNBC: Airbnb reports Q1 revenue up 20% YoY to $1.82B, vs. $1.79B est., its first profitable Q1…
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PayPal reports Q1 total payment volume up 10% YoY to $354.5B, vs. $349.5B est., net revenue up 9% to $7.04B, and operating income up 41% to $1B; PYPL down 5%+ (Jennifer Surane/Bloomberg)
Jennifer Surane / Bloomberg: PayPal reports Q1 total payment volume up 10% YoY to $354.5B, vs. $349.5B est., net revenue…
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Magna Q1 net income falls 43%, but 2023 outlook improves
The results come as Magna, like the rest of the supply base, navigates financial pressures brought on by inflation and…
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