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.
It’s hard to overstate how much Zynga has collapsed in recent years, and it's struggling to regain its past glory.Since 2008, Zynga has lost nearly $1 billion and has only had one profitable year (2010). Over the course of 2015, its quarterly average of daily average users (DAU) steadily declined from 25 million during the first quarter to 18 million inthe fourth quarter.
In its first-ever earnings report as a public company, Square showed solidgrowth in both total revenue and gross payment volume, driving its share up 3% in after hours. Here are the most important numbers:EPS: loss of $0.34. (Non-GAAP results were a loss of $0.
Apple sold million 51.1 iPhones in the fiscal second quarter of 2016. Apple Q2 2016: 51.1 Million iPhones Sold, $50.6 Billion Revenue is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
Shares of file-sharing company Box rose as much as 12% after the company blew the door off earnings expectations for the last quarter of itsfiscal 2016, which ended Jan. 31. Here's where the results came in: Annual revenue came in at $302.7 million, up 40% from last year. Despite the large losses, investors were cheered by the young company's revenue growth and narrowing sales and marketing spend.
The New York Times inadvertently found itselfon both sides of the media world's ongoing ad-blocking conversation this weekwhen a public statement by its CEO was countered by an article about smartphone battery life.
Facebook ’s first quarter 2016 financial report is in, and the numbers are fantastic across the board. In the quarter ending on March 31, Facebook saw its year-on-year total revenue increase 52-percent, hitting $5.3 billion in comparison to the same quarter last year ($3.5 billion). “We had a great start to the year,” Zuckerberg said in a statement.
Microsoft only sold 2.3 million Lumia phones last quarter. That's a massive 73% drop from the same quarter last year, when the company sold 8.6 million phones. In documents filed with the SEC , Microsoft explains that this whopping decrease in phone sales is due to "the previously announced change in strategy for the phone business.
wouldn't have been so bad if I hadn't left my job to start a company in May 2008."Some things havebeen really consistent over time.Years ago we thought of the company's mission very similar to how we think of it today. We thought of Pinterest as trying to build the world's catalog of ideas, and we do that because we want to help people discover ideas for themselves, for their everyday lives.
As a result of the company's review, which unearthed Laplanche's sale, Lending Club declined to give guidance on future results.Lending Club CEO Renaud Laplanche is stepping down from his position with the company after an internal review. Shortly after markets opened Monday morning shares of the company were down as much as 26%.
in the round are public funds like Wellington Management and Baillie Gifford, which invest in private companies ahead of IPOs.Wall Street Journal's Rolfe Winkler An investor slide deck viewed by The Wall Street Journal's Rolfe Winkler said the company had bookings of $2.2 billion, double the level oneyear ago.
the amount paid for the company beyond what is valued on the balance sheet, was $22 million — meaning the entire value that Yahoo overpaidfor the mystery company has been wiped out over the past year.The write off amount is small relative to Yahoo's overall business, which generated over $1 billion in revenue last quarter alone.
during Twitter's earnings call last month "I have set up a structure that is working very well for me, so that I can spend meaningful time at both companies, and I have enough flexibility in the schedule," Dorsey said during Twitter's earnings call last monthas much as 13% in after-hours trading But investors don't seem too happy about it.
This afternoon Apple reported their financial Q2 2016 earnings report for investors, and with it, falling sales in devices of all sorts. It's not as if this is the worst quarter Apple has ever had - far from it. Instead, it would appear that Apple's device sales have reached a saturation point. Many consumers that would be buying an iPhone, iPad, or Mac have already got one.
"Our results over the last year demonstrate a strategy that is working and a solid foundation for growth," said Brian Krzanich , Intel's CEO, in that statement. "The opportunity now is to accelerate this momentum and build on our strengths." As a result, the firm plans to increase investment in data center, IoT, memory and connectivity while reducing its focus on PCs.
Live-streaming video is a strong complement to the live nature of #TWTR and we're building on this with the NFL deal to stream 10 TNF games. — TwitterIR (@TwitterIR) April 26, 2016The actual financials are a mixed bad. It made less revenue ($594.5 million) this quarter than expected. In fact, it made more last quarter (Q4 2015) pulling in $710 million.
Workday just hit a big milestone, crossing the $1 billion annual revenue mark for the first time ever. In its earnings on Monday, Workday announced $1.16 billion in total revenue for fiscal year 2016, up 48% from the previous year.
Twitter shares have hit an all-time low. In early trading on Tuesday the stock fell 3% to as low as $13.90 a share, a level it had not reached since the company went public in November 2013. The broader stock market was also selling off. The social network has been struggling to ramp up its number of active users.
Amazon Web Services has just founda big partnerto its expanding userlist: Salesforce, the $50 billion cloud-software maker. According to the WSJ , Salesforce will build some parts of its upcomingInternet of Things cloud software on top of AWS, testingits newest initiative on Amazon's cloud-computing service.