How are the accounts of Facebook, Amazon, Google, Apple and Twitter going
Revenues beyond expectations for big tech in the third quarter. All the numbers of Facebook, Amazon, Google, Apple and Twitter in the article by Gaia Vendettuoli for Agi
Results all better than expected for big tech in the third quarter.
Facebook, Amazon, Apple and Google do not disappoint expectations, but despite this the data completely convinces Wall Street.
FACEBOOK, REVENUES AND PROFITS BEAT EXPECTATIONS
Facebook beats analysts' estimates on Q3 accounts as more companies use its digital advertising tools during the surge caused by the Covid pandemic.
Total revenues, which consist mainly of advertising sales, rose to 21.47 billion dollars (+ 22%) against the 19.82 billion estimated by analysts. Profits increased 29% to $ 7.85 billion.
Between July and September, the social network saw the number of daily active users grow by 12% to 1.82 billion. Monthly active users are also growing (+ 12%) to 2.74 billion. And employees have also grown (32%). Shares of Facebook have risen 36% since the beginning of the year.
"We expect our fourth quarter 2020 year-on-year advertising revenue growth rate to be higher than the reported third quarter 2020 rate, driven by continued strong demand from advertisers over the holiday season," the company said in a statement. . Shares of Facebook gained 4.87% in after hours trading on Wall Street.
AMAZON TRIPLES NET PROFIT TO 6.3 BN, 96.1 BN REVENUES
Amazon takes full advantage of the surge in e-commerce and telecommuting in Q3 since the start of the Covid-19 pandemic, but its forecasts disappoint Wall Street.
For the current quarter, which includes the large 'Prime Day' sale that took place exceptionally in October, and the holiday season, the group expects operating income of between 1 billion and 4.5 billion. Analysts had expected $ 5.8 billion, according to Factset.
The share fell 1.1% in electronic trading after the close of the New York Stock Exchange. Jeff Bezos' group, the biggest fortune in the world according to Forbes magazine, nevertheless made a lot of money in the third quarter, with net income tripling to $ 6.3 billion. Earnings per share stood at $ 12.37, well above the $ 7.4 analysts forecast.
Revenue from the e-commerce giant, which claims to have created 400,000 jobs worldwide since the beginning of the year, increased 37% over the period to reach $ 96.1 billion. While the containment measures have made Amazon even more popular and ubiquitous in the daily lives of millions of people, revenue from selling items on its platform has increased by 39%.
With the advent of teleworking, companies and individuals have also increased the use of "cloud" (remote computing) services such as that offered by Amazon, AWS , whose turnover has increased by 29%.
APPLE, REVENUES ABOVE EXPECTED QUARTER BUT STOCK LOSS 4.89%
Apple closes the fourth quarter of its fiscal year with revenues of $ 64.69 billion and a net profit of 12.67 billion.
The Cupertino house closed the quarter with revenues of 64.69 billion dollars and a net profit of 12.67 billion. Revenue from iPhones, which account for about half of total revenue, fell to 26.4 billion from 33.4 billion the previous year, below estimates to 27.93 billion. Revenues from Apple's services businesses, including Apple News, Apple TV + and iCloud, grew to $ 14.55 billion from $ 12.5 billion, over an estimated $ 14.12 billion.
Apple announced earnings per share of $ 0.73 on revenues of $ 64.70 billion.
GOOGLE FLIES WITH PROFIT OF 11.2 BILLION
Alphabet, the company that controls Google, announced earnings per share of $ 16.4 on revenues of 46.17 billion. Analysts estimated $ 11.42 and the result is also higher than the $ 10.12 for the same period a year ago.
The growth was driven by ad revenue which improved performance in its largest business, Google search, and supported the business on YouTube.
"Total revenue reflects broad-based growth driven by increased advertiser spending on Google search and YouTube, as well as the continued strength of Google Cloud and Play," said Ruth Porat, chief financial officer of Alphabet and Google. Google search increased revenue by 6.5% to 26.34 billion in the quarter year-on-year, while YouTube ads were up 32.4% to 5.04 billion.
Cloud revenue was up 44.5% to $ 3.44 billion for the quarter year-on-year, and YouTube was up 31%. “We had a good quarter consistent with the broader online environment,” said CEO Sundar Pichai.
TWITTER, USER GROWTH HOLLOWS AND TITLE COLLAPSES
Twitter also falls to Wall Street in post-close electronic trading after reporting lower-than-expected growth for its users in Q3, rising by just one million (the lowest increase since 2017) to a total of 187 million analysts had expected a figure of around 196 million.
The social network closed the third quarter with a net profit of $ 28.7 million, down from $ 36.5 million in the same period last year. However, revenues rose 14% to $ 936 million. Twitter's stock plunged 15% in post-close electronic trading on Wall Street.
The social network's advertising revenue, which is its main source of income, has increased by more than 15% year-on-year. Twitter, however, did not hide its concerns for the foreseeable future. "As the presidential election approaches, it is difficult to predict how advertisers' behavior will evolve," the group said in a statement. "In the second quarter, many brands slowed or suspended spending in response to social unrest in the United States before raising them to get back on track," the company said again.
(Extract from the article published on agi.it)
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/come-vanno-i-conti-di-big-tech-facebook-amazon-google-apple-e-twitter/ on Fri, 30 Oct 2020 14:40:24 +0000.