Social gaming giant Zynga will not make its public trading debut until after the U.S. Thanksgiving holiday, according to a report by Bloomberg News.
Zynga returned to profitability in its most recent quarter and its revenue rose 80 percent year over year to $307 million. Its monthly players fell from 228 million at the end of June to 227 million at the end of September.
Although Oracle whiffed on its fourth quarter , missing expectations on both revenue and profits in the quarter that is traditionally its strongest, Oracle's management was upbeat, almost deliriously so. "We are delighted with this quarter," one of Oracle's CEOs, Safra Catz said on a quarterly conference call with analysts.
The return of a founder to a company is a well-worn story line in Silicon Valley, Mike Isaac reports.In Apple’s darkest hour, Steve Jobs came back, eventually turning the computer maker into the world’s most valuable corporation. In April, Mark Pincus stepped back into the chief executive role at Zynga.
Facebook's growth shows no sign of stopping. Today is announced that it has over one billion users on average using it everyday . In August it announced it had passed a milestone of having one billion users on the site in a single day. By the next month that was the average. That's a year-over-year increase of 17 percent. Monthly active users increased by 14 percent to 1.
Google and Facebook are eating their lunch. Google and Facebook are building and buying their own ad tech. It's extremely difficult to compete with companies of that scale. Not least when they build up "walled gardens" and attempt to own every area of the ad tech stack, from buy-side to sell-side, essentially offering advertisers a one-stop-shop for all their needs.
estimates thatInstagram could become a $300 million business by 2016, while SunTrust puts the number at a more modest "greater than $2 billion" by 2017.Facebook is set to report its Q3 earnings Wednesday afternoon and Wall Street expects solid growth. Analysts expect revenue of $4.37 billion up 36.4% from $3.2 billion in Q3 2014 and EPS of $0.52, up from $0.43 at the same time last year.
1.01 billiondaily active users on average for September , which is up 17% year-over-year Costs and expenses of $3.04 billion , which is up 68% year-over-year, with R&D more than doubling year-over-year to $1.27 billion The adjusted operating margin was 54% , down from 57%year-over-year About78% of advertising revenue came from mobile, up from 66% at this time last year and 76% last quarter.
OTT DEVICES DRIVE DIGITAL VIDEO STREAMS FOR HULU: While mobile devices are driving a significant uptick in digital video consumption in the US, OTT devices like smart TVs, connected devices, and gaming consoles are driving long-form premium content, according to a new report from Hulu.
Maybe ... maybe not.Aswath Damodaran, a New York University finance professor, doesn't think that a big, stodgy investor like Fidelity should invest in a startup like Snapchat. In an appearance on Bloomberg TV on Wednesday, Damodaran was asked about recent reports that Fidelity had marked down the value of its investment in Snapchat by 25%.
Videotron's subscriber base surpassed the 700,000 mark in Q2 2015. Videotron Q2 2015: Revenue Up 44%, Subscriber Base Reaches 700,000 is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
Fitbit shares aregetting wrecked on Friday, with shares down by as much as 11% in earlytrading. In a regulatory filing on Friday, the company put up more shares for sale — three million shares of common stock to be exact. That's down from the seven million it had initially proposed to sell. But the shares were priced at $29, which was lower than Thursday's closing price of $31.68 per share.
Larry Page and Sergey Brin meet Warren Buffett and Charlie Munger as the Berkshire Hathaway of the Internet emerges for a multi-year stock run, in our view. Today, Google announced plans to create a new public holding company, Alphabet Inc., which will provide reporting for the core Google business as well as its smaller, more speculative segments separately.
Cisco just reported its first quarter earnings. Although it reported a healthy beat, investors are not happy. Cisco is warning them that its second quarter won't be as strong as they expected. Cisco reported: But the stock is dropping in after-hours trading because its guidance was ligher than expected. Ciscoexpects 0%-2% year/year FQ2 revenue growth and EPS of 53-55 cents. Analysts wanted5.
The news wasn’t all bad this week for social media companies reporting their quarterly earnings.After the close of trading on Thursday, LinkedIn, the social media site you often forget about when you’re not looking for a new job, announced earnings that beat expectations, sending the company’s stock up more than 12 percent in after-hours trading.Revenue at the Mountain View, Calif.
The big question surrounding the Apple Watch is how well it's selling, but Apple isn't saying just yet. Without concrete numbers, we're forced to turn to various projections -- and one of the more reliable sources says that Apple's first wearable is doing well. According to IDC, Apple shipped 3.
raised about $15 million in VC funding plus an undisclosed private equity round.Maxymiser deal wasn't a l0w-ball offer, but a decent one, at least for the major stake owners.We're still trying to discover details on Oracle's purchase of Maxymiser earlier this week.
Google recently released its financial report for the 2nd quarter of the year. Highlights include an 11% revenue growth year over year, $17.7 billion revenue, and cash flow of $7.0 billion during the past quarter. The search giant saw a constant currency revenue growth of 18% year over year, thanks to the strong performance of programmatic advertising and Youtube.
IBM is advancing rapidly into new fields like data analytics, cloud computing and mobile applications. And while the technology company’s second-quarter results showed encouraging progress in those businesses, it was not enough to translate into growth for the company as a whole, Steve Lohr reports.Virginia M.