Earnings

Interest rates and fears of a mounting trade war send tech stocks lower

Shares of technology companies were battered in today’s trading as fears of an increasing trade war between the U.S. and China and rising interest rates convinced worried investors to sell. The

Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge

The cryptocurrency market is an exciting one, but it's also unpredictable — and when things go south, they take related businesses with them. Nvidia, a hardware giant that has been riding the crypto

Airbnb made more than $1 billion in revenue last quarter

Ahead of Airbnb’s expected initial public offering next year, the home-sharing startup announced more than $1 billion in revenue during Q3 2018. Airbnb says this was its strongest quarter to dat

China’s Craigslist continues growth after netting 100 million small-town users

58.com, the Craigslist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties. During the third quarter, revenues grew 33.2 percent, to $527 mill

Uber continues to lose money as it scales scooters, bikes and other newer businesses

Uber, which is expected to go public sometime next year, just released its Q3 2018 financial results. Uber’s net losses increased 32 percent quarter over quarter to $939 million on a pro forma b

Tencent returns to profit growth despite concern around games

Chinese internet giant Tencent bounced back from a disappointing previous quarter, but for once the company didn’t have its gaming business to thank. Tencent may be best known for conjuring up W

Blue Apron lays off 4 percent of employees as it seeks profitability next year

Meal kit company Blue Apron announced small layoffs today as part of its Q3 2018 financial results. The layoffs, which affected four percent of Blue Apron’s workforce, are part of Blue Apron&#82

IAC reorg makes Vimeo and Dotdash standalone segments, adds new acquisition Robokiller

IAC is changing the way its business is organized, the company reported during its Q3 2018 earnings on Wednesday. The company’s video platform Vimeo and Dotdash (previously About.com) will becom

Despite a strong Q3 earnings report, Square’s Q4 forecast disappoints investors

Despite a strong third-quarter earnings report, Square’s forecast for the final quarter of this year gave investors pause, sending its share price down 6 percent in after-hours trading before it gra

Tinder now has 4.1M paying users, expects $800M in revenue this year

Tinder is leading growth for Match Group (NASDAQ: MTCH), which posted third-quarter earnings of 44 cents per share on Tuesday.

Apple beats on Q4 earnings thanks to price hikes, stock still falls 7% after hours

Despite a beat on its Q4 quarterly earnings, Apple shares still managed to take a beating Thursday. Shares are down 7 percent in after-hours trading after the company released its Q4 quarterly earning

Spotify stock slumps on $1.35B in Q3 sales; MAUs up 28% to 191M with 87M paying users

Spotify, the streaming music company that went public earlier this year, posted its quarterly results today, and while it’s continuing to grow at a modest pace, it appears to be just about meeti

As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads

Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-comm

Facebook shares climb despite Q3 user growth and revenue

After last quarter’s bloodbath earnings report that cut 20 percent from Facebook’s share price, the social network stumbled in Q3 2018, reaching 2.27 billion monthly users, up 37 million u

Can Apple finish 2018 on a high note? We’ll find out Thursday

Will the company satisfy Wall Street with its latest earnings report Thursday?

Nintendo turns to old favorites Mario and Pokémon to hit lofty Switch target

Nintendo is betting that two of its most-beloved franchises — Mario and Pokémon — can help it hit its lofty goal of selling 20 million Switch consoles this financial year. The company m

Sony posts $2.1B profit as PlayStation sales keep on growing

Sony’s PlayStation business continues to come on leaps and bounds after a 27 percent increase in gaming revenue helped the company record a $2.1 billion profit in Q2. The PlayStation division is

Amazon shares fall as record profits are offset by conservative holiday forecasts

Amazon is still raking in the cash, but its slower than expected customer growth in its web services offerings and a weaker than expected sales outlook for the holiday season shook investor confidence

Snapchat loses 2M more users in Q3 as shares sink to new low

Snapchat continued to shrink in Q3 2018 but its business is steadily improving. Snapchat’s daily active user count dropped again, this time by 1 percent to 186 million, down from 188M and a nega

Daily Crunch: Tesla is profitable again

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 her
Load More