Financial Results

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

Alibaba Group

In its latest quarterly results Alibaba’s revenue skyrocketed 42 per cent to US$16.7 billion, beating investor expectations.  Daniel Zhang, CEO at Alibaba Group said, “Alibaba had a great quarter, expanding our user base to 674 million annual active consumers, demonstrating our superior user experience.  “We will continue to expand our

earnings 2019 money finance stocks

The famously un-profitable Amazon managed another profit in Q2, but it’s streak of record-breaking results is over. Profit for the quarter was up 3.6 per cent to $2.63 billion, which failed to meet analyst expectations. Amazon’s financial performance was hampered by a loss in its overseas retail business, growing shipping

Netflix released its Q2 financial results today revealing it had for the first time failed to increase its subscription numbers in America, losing around 130,000 net US subscribers in the quarter. The period coincided with a US$2 per month price hike, suggesting the streaming giant may have found its tipping