Amid a challenging Q3 2022, Match Group realized $810 million over the $793 million expected, but predicts flat Tinder revenue growth for Q4.
Pinterest’s financial reports for Q3 2022 have defied the odds of several advertising companies whose revenue reportedly fell short of analysts’ expectations.
Apple reported revenue of $90.15 billion in the fourth quarter versus the $88.90 billion expected by analysts, hereby representing an uptick of 8.1 percent year-over-year.
Amazon repressed its sales growth across many of its subsidiaries in Q3 2022. Many experts believe Amazon will maintain its position in the last quarter of 2022.
The dwindling fortunes of Facebook has seen parent company Meta lose its position as one of the US top 20 companies ranked by market cap.
With losses here and there in Q3 2022, Intel CEO believes that the economic meltdown may continue till the coming year.
While Meta’s losses have been ballooning fast, company chief Mark Zuckerberg appeals for patience during its Metaverse transitions. He also remains confident that all of the company’s bets will pay-off in the long term.
Comparing Q3 2022 to Q3 2021, the total revenue generated by Comcast declined by 1.5%.
During a conference call, Mark Zuckerberg explains that his metaverse strategy is beyond the company’s current effort to develop its virtual reality business.
According to the Ford Q3 2022 financial report, the company experienced a string of supply chain problems.
The GOOGL stock sees its worst daily performance since March 2020 as the company delivers disappointing revenue growth for the third quarter of 2022.
Microsoft provided weak guidance on its next fiscal quarter primarily due to its lagging cloud business Azure.
Alphabet’s ad revenue from YouTube tanks by 2% against market expectations. The GOOGL stock price has slipped once again under $100 this year.
Spotify shares are down over 61 percent in the past year, hereby raising concerns over the company’s future business model.
According to the Bank of America, Meta could bend to advertising spending pressure in the coming year, and this would result in cutting budgets.