Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. X: @brodyford_ , @edludlow , @danielnewmanuv , and @edludlow X: Brody Ford / @b...
Apple reports Q2 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 12% YoY to $26.65B, a new record but below $26.7B est.
it's a stable, low double-digit growth business with natural Ed Ludlow / @edludlow : Both Apple and Amazon added references to “trade” in the boiler plate of the financial guidance (Amazon) and forwar...
Meta reports Q1 revenue up 16% YoY to $42.3B, vs. $41.4B est., net income up 35% to $16.6B, family daily active people up 6% to 3.43B on average for March 2025
and why simply isolating Chinese advertising spend was misguided... X: Roman Helmet Guy / @romanhelmetguy : Zuckerberg explaining how Meta is creating personalized AI friends to supplement your real o...
Photo editing and sharing app VSCO says it is now profitable, has a user base of 200M worldwide, and has 160K subscribers for its $59.99/year Pro product
Paayal Zaveri / Bloomberg : X: @lapresmidi , @caseymlewis , @edludlow , @drjessmaddox , @analoguepilot , @joeldflory , @dmcgco , and @jeiting X: Lauren Sherman / @lapresmidi : Every time I see the Vi...
Amazon reports Q1 revenue up 13% YoY to $143.3B, a $10.4B net income, vs. $3.2B YoY, $15.3B operating income, vs. $4.8B YoY, subscription sales up 11% to $10.7B
but fails to deliver dividend Camilla Hodgson / Financial Times : Amazon cloud sales growth accelerates as group prepares for more AI spending Larry Dignan / Constellation Research : AWS annual revenu...
Meta's stock drops 10%+ on weak Q2 revenue guidance and increasing FY 2024 capital expenditures from $30B-$37B to $35B-$40B due to AI infrastructure investments
should investors consider buying? Kathleen Gallagher / Business Post : Shares in Meta plummet as it forecasts spending spree TJ Denzer / Shacknews : Facebook (META) issues Q2 2024 revenue guidance bel...
Sources: SpaceX's accounting is more “art than a science”, often omitting costs of putting Starlink satellites in orbit to make numbers look better to investors
at... Ken Kirtland IV / @kenkirtland17 : @Cosmic_Andrew1 Either way, the article ends with: Yeah Starlink is improving and is consistently profitble. And SpaceX revenue is >3X YoY. Couple that with Wa...
Snap reports Q1 revenue of $1.06B, up 38% YoY, vs. $1.07B est., global DAUs up 18% YoY to 332M vs. 330M est., and net loss up 25% YoY to $360M
if SNAP can catch a bid on those numbers in spite of its current sales/EPS multiples (faster user/revenue growth, but still), that suggests OK numbers from FB would be received quite well. Casey Neist...