Financial Results

Chinese tech giant Alibaba Group sold US$1 trillion worth of goods across its platforms in the last year, the company revealed in quarterly results late last week. But a plunge in profitability in the latest COVID-19 affected quarter sent shares down nearly 6 per cent, costing company founder Jack Ma

Amazon today reported soaring sales as customers flocked to the ecommerce giant during the COVID-19 pandemic. First quarter results showed a 26 per cent lift in revenue, year-on-year, including US$10 billion from its market leading cloud computing division, AWS. Amazon owner Jeff Bezos pledged to spend all of the company’s

Facebook says its advertising business has begun to stabilise after a steep drop in March as brands pulled back spending amid coronavirus uncertainty. The social media giant today released Q1 financials which outperformed analyst expectations, sending shares up 10 per cent. In the first three months of 2020, Facebook recorded

Alibaba has reported a 38 per cent revenue increase from the prior year reaching US$23.2 billion however, the company warned the impact of the Novel Coronavirus will likely hit its results next quarter.  In an earnings call, Daniel Zhang, CEO of Alibaba Group said food delivery orders are down year-on-year

The Commonwealth Bank of Australia’s half yearly results released today show growth in digital channels and a corresponding increase in IT costs as the country’s biggest bank pursues a $5 billion dollar bet on digital. The bank has also fired bank against claims that its latest digital venture, a partnership

A busy holiday period helped Amazon to record sales last quarter as its cloud services and advertising arms become increasingly profitable.  The gains, outlaid in the latest quarterly results, helped offset increasing shipping costs as the ecommerce giant strives for same day Prime delivery in the US. Download: Which-50’s Simple Fast

Thirty-seven per cent of people on earth use one of Facebook’s “family” of apps each month, according to data in the company’s latest financial results, which today revealed soaring revenue and hundreds of millions of new users. Download: Which-50’s Simple Fast Easy magazine – Six great digital experience case studies In

Netflix missed its forecast for new US subscribers for the third straight quarter, conceding its price hikes and new competition have started to bite domestically. But overall the streaming giant added 8.8 million net subscribers in Q4 and raked in US$5.47 billion in revenue, according to financial results released this

Most National Australia Bank customers now interact with the bank exclusively through digital channels and the bank’s digital-only offshoot, UBank, increased its customer base by 40 per cent over the last two years, according to NAB’s financial results released today. The bank also revealed it has shifted 19 per cent

Twitter today announced it is banning all paid political advertising from its service because of fears of further misinformation spread and civil discord. Facebook, meanwhile, continues to allow the paid promotion of political ads, even when they are false. The two companies now claim to have over 3 billion active