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Netflix adds 8.8M subscribers despite growing competition

Netflix adds 8.8M subscribers despite growing competition Netflix grew by 8.8 million net subscribers in the fourth quarter of 2019, according to its latest earning report, putting its growth well ahead of its forecast of 7.6 million. The company says it has 167 million paid memberships worldwide, with more than 100 million […]

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Adobe turns it up to 11, surpassing $11B in revenue

Adobe turns it up to 11, surpassing B in revenue Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark. “Fiscal […]

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Bill.com’s IPO pricing is good news for unprofitable startups

Bill.com’s IPO pricing is good news for unprofitable startups Business-to-business payments company Bill.com priced its IPO today at an above-range $22 per share. The firm, selling 9.82 million shares in its offering, will raise around $216 million at a roughly $1.6 billion valuation. The company’s IPO pricing comes during a modestly uncertain […]

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The $100M ARR club

The 0M ARR club Hello and welcome to a lightweight series I’m writing while I recapture my footing at TechCrunch. It’s lovely to be back, and I’m excited to chat about what’s going on with private companies, public markets and the space between the two. I wonder what the average revenue (trailing, […]

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Uber’s losses top $1 billion, trumping better than expected revenues

Uber’s losses top billion, trumping better than expected revenues Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company’s stock fell in after-hours trading. There are bright spots in the latest earnings report, […]

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Facebook shares rise on strong Q3, users up 2% to 2.45B

Facebook shares rise on strong Q3, users up 2% to 2.45B Despite ongoing public relations crises, Facebook kept growing in Q3 2019, demonstrating that media backlash does not necessarily equate to poor business performance. Facebook reached 2.45 billion monthly users, up 1.65 percent from 2.41 billion in Q2 2019 when it grew […]

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After its first earnings miss in two years, Amazon shares get walloped in after-hours trading

After its first earnings miss in two years, Amazon shares get walloped in after-hours trading Amazon shares fell by nearly 7%, or $118.38, in after-hours trading on Thursday after the company reported its first earnings miss in two years. Financial analysts had predicted that the launch of one-day shipping would eat into […]

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Daily Crunch: Twitter revenue disappoints

Daily Crunch: Twitter revenue disappoints The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Twitter Q3 misses big on revenues of $824M and EPS of $0.05 on […]

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Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline

Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline Microsoft posted quarterly results today that were well ahead of analysts’ expectations, but Azure’s growth rate continues to decline as it competes with AWS. The company’s revenue for the first quarter of the fiscal year rose 14% year-over-year […]

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PayPal reports solid third-quarter results, with total payment volume growing 25%

PayPal reports solid third-quarter results, with total payment volume growing 25% PayPal reported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume. The company’s quarterly revenue grew 19% year-over-year to $4.38 billion. Its GAAP net income was 39 cents per share, or $462 […]

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