Techmeme
October 26, 2022, 2:55 AM

Top News

Alphabet:
Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+  —  MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2022.
Jon Swartz / MarketWatch:
Alphabet reports Google ad sales of $54.5B in Q3, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY  —  Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years
Todd Spangler / Variety:
YouTube's ad revenue dropped 1.9% YoY to $7.07B in Q3, below expectations of $7.42B and representing its first year-over-year drop in at least two years  —  Overall, Alphabet, Google's parent company, also came in below analyst estimates.  The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.
Sheila Dang / Reuters:
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, since the pandemic began, masked by an overall growth in DAUs  —  “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
Alex Heath / The Verge:
Microsoft:
Microsoft Q1: revenue up 11% YoY to $50.1B, net income down 14% YoY to $17.6B, Office Commercial revenue up 7% YoY, LinkedIn revenue up 17% YoY; stock drops 6%+  —  REDMOND, Wash. — October 25, 2022 — Microsoft Corp. today announced the following results for the quarter ended September 30 …
Frederic Lardinois / TechCrunch:
Microsoft says GitHub has a $1B ARR and 90M+ active users, up from a reported $200M to $300M in ARR and 28M active users when Microsoft acquired GitHub in 2018  —  As part of its earnings call, Microsoft today announced a number of new data points for GitHub, the massively popular code repository service …
Emma Roth / The Verge:
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules  —  The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
Daryna Antoniuk / The Record:
Australia's AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more  —  Australia plans to strengthen its online privacy laws following several major data breaches, attorney-general Mark Dreyfus said in a statement on Saturday.
Brandon Vigliarolo / The Register:
Google plans to stop supporting Chrome for Windows 7 and Windows 8.1 in February 2023; StatCounter: Windows 7 was on 10.63% of Windows PCs in September 2022  —  Even better, upgrade to Windows 10 at the very least  —  Google has joined the funeral procession for Windows 7 and 8.1 …
Ben Thompson / Stratechery:
China's path to advanced chip self-sufficiency is extremely complicated and relies upon re-creating many pieces of the foundry supply chain without outside help  —  Intel may not be the most obvious place to start when it comes to the China chip sanctions announced by the Biden administration three weeks ago …

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More News

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Earlier Picks

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