earnings

TuSimple addresses autonomous truck crash during Q2 earnings call

Autonomous trucking company TuSimple used its second-quarter earnings call to address an April crash during which one of the company’s autonomous trucks suddenly veered across the I-10 highway in Tu

Tinder to kill virtual currency, metaverse plans amid Match Group earnings loss; Tinder loses its CEO

Dating giant Match Group announced a series of changes to Tinder’s management team alongside the announcement of disappointing second-quarter earnings on Tuesday. Notably, Tinder CEO Renate Nybo

Uber turns the corner, generates massive pile of free cash flow in Q2

The question of whether Uber would be able to self-support was at least partially answered Tuesday with the company’s second quarter earnings report. In its Q2 digest, the American ride-hailing

Public tech’s espresso shot is quite literally the cloud

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Last week we said that you needed to pay attention to the publ

The biggest story from Big Tech earnings is the sheer growth power of public cloud

When the Big 3 cloud infrastructure vendors — Amazon, Microsoft and Google — reported their earnings this week, it was clear that the cloud is helping keep their overall numbers up.

Roku points finger at advertising slowdown for missing the mark on quarterly results

In this current climate, Roku needed a win. Despite the company reporting total net revenue growth of 18% year over year to $764 million– a nice increase from $737.7 million last quarter — the

Apple’s services revenue growth slows to $19.6B in Q3, reaches 860M paid subscriptions

Apple released its third-quarter earnings on Thursday and reported $19.6 billion in services revenue, marking a 12% year-over-year increase, but narrowly falling short of Wall Street predictions of ab

Amazon’s shares rise on earnings beat, despite $2B loss

E-commerce giant Amazon reported its second-quarter results today, and despite inflation and a net loss of $2 billion, the results were surprisingly better than expected. All of the loss is chalked up

iPhone revenue up slightly for Q3, as other hardware categories lose steam

It was a mixed bag in hardware land as Apple reports its third-quarter profits today. In spite of lowered expectations, iPhone revenue was up slightly year over year, from $39.5 billion to $40.7 billi

The advertising slowdown is dinging Big Tech

Perhaps the real deciding line between Big Tech and the rest of the technology industry is the point at which advertising incomes become a material part of their revenues.

Peacock’s paid subscribers stayed flat at 13 million, losses widen to $467 million

Peacock, the streaming service of Comcast’s NBCUniversal, ended the second quarter with 13 million paid subscribers, parent company Comcast reported this morning. In the first quarter, there were 13

Ford posts Q2 profit, expects to produce 14,000 EVs this month

Ford Motor has dodged some of the pain and losses that rival General Motors experienced in the second quarter. Ford reported Wednesday $40.2 billion in revenue, a 50% increase from the same period las

Microsoft misses expectations, points to foreign exchange rates and weakened PC market

Microsoft announced its fourth-quarter results Tuesday, missing Wall Street’s expectations. The company reported it had $51.9 billion in sales for the quarter that ended June 30, an increase of 12%

Cruise hopes ramping its robotaxi service will U-turn its cash burn

Cruise, the General Motors subsidiary dedicated to commercializing autonomous vehicles, saw a jump in expenses during the second quarter as the company launched its first commercial robotaxi service i

Why you have to pay attention to the public markets this week

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most intere

SAP top exec retires as Q2 2022 earnings come out

As Q2 earnings send enterprise giant SAP’s stock down, President of SAP North America DJ Paoni is leaving the enterprise company, TechCrunch has learned from sources. SAP confirmed the news, saying

Snap stock is getting obliterated

Investors in social media company Snap are reeling this afternoon as the stock has endured a bit of a meltdown following its release of Q2 earnings yesterday. The stock price is down nearly 40% for th

Twitter posts quarterly sales drop and says it spent $33M on pending Musk acquisition

Twitter has published its Q2 2022 results, with the social networking giant’s numbers falling short of analysts’ estimates across user growth and revenues. Perhaps more interestingly, howe

Snap misses on Q2 revenue, declines to forecast its future financial performance

Snap released its second-quarter earnings on Thursday and missed analyst’s expectations. Revenue was $1.11 billion for the quarter, up 13% from the same period a year earlier but coming in below

Tesla to increase cost of FSD beta software beyond its $12,000 price tag

Tesla plans to increase the price of its branded “full self-driving” beta software, the advanced driver assistance system that CEO Elon Musk has said will mean the difference between the c
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