Tag: Internet Media and Services

Airbnb posted better-than-expected third-quarter financial results, but provided fourth-quarter guidance that fell a little below Street estimates. The results provide an early look at the state of the travel industry, ahead of coming reports from Expedia Booking.com  and other players.

Shares of Roku jumped nearly 20% on Thursday as the streaming device maker delivered a surprise core profit in the third quarter and forecast quarterly revenue above Wall Street estimates on the back of a recovery in the advertising market.

NEW YORK, Oct 25 (Reuters) – Meta Platforms (META.O) beat expectations for third-quarter profit and revenue on Wednesday, helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the holiday season.

Alphabet 1.69% stock fell in after-hours trading Tuesday despite stronger-than-expected quarterly earnings from the Google parent.

Spotify Technology swung to its first quarterly profit in more than a year after beating expectations for subscriber and revenue growth. However, this was not enough to keep the stock rising after a strong run this year.

Meta –0.41%  Platforms CEO Mark Zuckerberg on Wednesday unveiled the Quest 3 virtual reality headset

European classifieds company Adevinta ASA jumped the most in three years after saying it’s received a private equity takeover proposal that would rank as one of the year’s biggest buyouts.

Roku  +2.46%  stock was jumping after the company said that it would fire 10% of its workforce.

 Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the S&P 500  index.

(Bloomberg) — Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals.

Alphabet shares were rising in late trading Tuesday after the search giant helped kick off Big Tech earnings on a positive note.

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On Monday, Spotify announced it will increase the price of its Premium subscription offerings in the U.S. as much as $2, which translates to a 20% increase for some plans.

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Roku ROKU +11.14% stock surged Tuesday after the streaming TV platform company said it was teaming with the e-commerce software company Shopify SHOP +1.72% to allow viewers to buy products directly through their TVs from Shopify merchants.

Music streaming platform Spotify Technology is planning a more expensive subscription option that is expected to include high-fidelity audio, Bloomberg News reported on Tuesday.

The European Union on Wednesday charged Google with breaching antitrust rules in advertising technology, known as adtech, and may seek the breakup of parts of the tech giant’s business to allay the bloc’s concerns.

Alphabet’s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters.

Twitter is accusing Microsoft of using the social media company’s data in ways that were unauthorized and never disclosed.

Total revenue rose 20% year over year. Airbnb swung to a net profit of $117 million, or 18 cents per share, from a net loss of $19 million, or 3 cents per share, in the year-earlier period. The figure marks the first time Airbnb has been profitable during its first quarter on a GAAP basis.