earnings
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2…
Despite spending more than $100 billion on R&D over the last five years, Apple isn’t planning to spin up too many new data centers to run or train AI models.
Apple on Thursday reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.33 billion to $45.96 billion, year-over-year. The slowdown was fueled, in part, by…
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom…
Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue.…
Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000
Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans.…
Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles, putting even more pressure on its future,…
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Coinbase cites stablecoins, Base as key 2024 priorities after crushing Q4 estimates
After disclosing better-than-expected financial results in its fourth-quarter earnings report, U.S.-based Coinbase has big plans. The second-largest crypto exchange told its investors that it intends to lean heavily on its work with the popular USDC stablecoin this year, lever its recently launched layer-2 blockchain Base as a way to experiment…
Snap is not having a good quarter. Following this week’s news that the company was laying off 10% of its workforce, amounting to hundreds of employees, the company’s stock is…
Spotify now the No. 2 audiobook provider, behind Audible, hints at Daylist inspired-suggestions to come
Late last year, Spotify began offering 15 hours of monthly audiobook listening to its Premium subscribers in select markets, including the U.S. Now the company says the new service is…
Google CEO Sudar Pichai said that the company’s Google One cloud storage service is ” just about to cross” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earnings call, Pichai…
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Tesla says EV sales growth may be ‘notably lower’ in 2024
Tesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production and other R&D expenses put pressure on profits in the fourth quarter, according to earnings reported Wednesday. While the company has managed to continue to expand sales — hitting a record delivery…
Getaround’s Q3 earnings delight investors, but the company isn’t out of the woods yet
Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination. The company’s third-quarter earnings report details a company seeing quick…
Lyft is introducing a “more affordable sort of higher-end ride” in an attempt to offer ride-hail products that customers actually want, CEO David Risher said Wednesday during the company’s third-quarter…
Rocket Lab’s Electron launch vehicle ‘fully’ booked next year, will resume flight as early as November-end
Rocket Lab is best known for the Electron launch vehicle, but the company’s earnings results continue to show that it is much more than a rocket company. The company reported…
Lyft’s strategy of slashing ride-hail fares to compete with Uber has resulted in slow and steady gains for the company, but competition remains fierce. According to Lyft’s third-quarter earnings, reported…
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including…
Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
The former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position.
Coinbase’s Q3 revenue beat expectations, but its shares fell as growth prospects underwhelmed
The most bearish thing we can summon is that Coinbase is skating atop a wave of rising interest-based incomes.
Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher…
Meta is doubling down on business messages for revenue generation, as Mark Zuckerberg indicated during the company’s earnings call for Q3 2023. Zuckerberg said that the company is looking to…
Google confirmed on its earnings call that it is working on different ad formats for its generative AI-powered search experience — Google shared some ideas earlier this year and the…
Salesforce had a better quarter than expected, but it’s reporting and forecasting those results based on prior work, to a real degree.
Nvidia’s second-quarter earnings, which were reported Wednesday after markets closed, prove there is money to be made — and lots of it — selling the picks and shovels of the…
EV truck maker Nikola Corp. said Friday that president/CEO Michael Lohscheller is leaving the top executive positions due to a family health issue. He will be replaced by board chairman…
Amazon has seen AWS growth rates dropping substantially over the last three quarters, from 20% to 16% to 12% this quarter. That’s not the kind of trend any company wants…
Cloud growth has been slowing for a number of reasons this year. Some of it has to do with macroeconomic headwinds causing customers to look to cut their cloud bills,…
Apple’s Q3 earnings presented a mixed bag for the company, as iPhone revenue continued to slide. The handset brought in $39.67 billion for the quarter, down from $40.66 this time…
Coinbase reported its second quarter earnings Thursday after the bell, beating market estimates with $707.9 million in total revenues.
Popular image pinboarding and shopping inspiration site Pinterest provided an update on its recently announced Amazon partnership and its other efforts around AI during its Q2 2023 earnings this week.…
