DIRS.INFO The most relevant business & tech news

☆ Pinterest's ad woes hurt revenue growth, shares slump
▼ + stars: | 2023-04-27 | by ( Vansh Agarwal | ) www.reuters.com time to read: +2 min

While Pinterest said that the ad market was stabilizing, it warned the market was still uncertain. Shares of peer Snap Inc (SNAP.N) fell about 18% aftermarket on weak first-quarter revenue and the company warned it could miss estimates for the second as well. Analysts on average had expected $592.99 million, according to Refinitiv data. Pinterest said it expected revenue growth in the current quarter to be in line with revenue growth in the first quarter and the fourth quarter of 2022. Fourth quarter revenue grew 4%.

☆ Activision Blizzard pre-releases earnings after Britain blocks Microsoft deal
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - "Call of Duty" maker Activision Blizzard (ATVI.O) beat quarterly bookings estimates on Wednesday, as it reported results a day earlier to allay concerns about its business after Britain blocked its $69 billion buyout by Microsoft Corp (MSFT.O). Activision said it planned to fully support Microsoft's efforts to appeal the decision, which has dealt an unexpected blow to the biggest-ever deal in gaming over concerns it would hinder competition in cloud gaming. "We remain confident that our deal with Microsoft benefits competition, consumers and job creation in markets around the world, especially in the UK," Activision CEO Bobby Kotick said. Activision reported quarterly bookings of $1.86 billion, compared with analysts' estimate of $1.79 billion, according to Refinitiv. Net income rose to $740 million, or 93 cents per share, from $395 million, or 50 cents per share, a year earlier.

☆ Meta set to report first-quarter earnings after the bell
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Facebook parent Meta is scheduled to report first-quarter earnings after the close of regular trading Wednesday. $27.65 billion, according to Refinitiv. Daily active users (DAUs): 2.01 billion, according to StreetAccount. 2.01 billion, according to StreetAccount. Monthly active users (MAUs): 2.99 billion, according to StreetAccount.

☆ Opinion: The untold story about Anne Frank’s hiding place
▼ + stars: | 2023-04-20 | by ( Opinion Roy Schwartz | ) edition.cnn.com time to read: +10 min

British actors Bel Powley and Joe Cole play Miep and Jan, with Liev Schreiber as Otto Frank. Only Otto Frank survived. Anne Frank's (1929-1945) world famous diary charts two years of her life from 1942 to 1944, when her family were hiding in Amsterdam from German Nazis. Anne Frank has particularly been in the zeitgeist in recent years, with the 2021 French animated film “Where Is Anne Frank,” a magical retelling of her story loosely based on the 2018 graphic novel; the 2022 Dutch Netflix movie “My Best Friend Anne Frank,” based on the book “Memories of Anne Frank: Reflections of a Childhood Friend”; the controversial, eventually pulled 2022 book “The Betrayal of Anne Frank”; and “After the Annex: Anne Frank, Auschwitz and Beyond,” coming out in May. While 89% have heard of Anne Frank, 32% don’t know she died in a concentration camp.

☆ TikTok CEO appeals to U.S. users ahead of House testimony
▼ + stars: | 2023-03-21 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

TikTok CEO Shou Zi Chew appealed directly to the app's users ahead of what's expected to be a heated grilling in the U.S. House Energy and Commerce Committee this week, in a video posted to the platform Tuesday. Filming from Washington, D.C., Chew emphasized the large scale of TikTok users, small and medium-sized businesses and its own employees based in the U.S. that rely on the company. But many lawmakers and intelligence officials seem to remain unconvinced that the information can be safe while TikTok is owned by a Chinese company. That number includes 5 million businesses that use the app to reach their customers, with most of those being small or medium-sized businesses. Chew then appealed to users directly to share in the comments what they want their representatives to know about why they love TikTok.

☆ Goldman Sachs likes Pinterest even after Q4 revenue miss, says long-term catalysts still in place
▼ + stars: | 2023-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The company's long-term revenue outlook is also promising for investors, according to the analyst. The analyst also noted that management's "focus on reprioritizing investments" could help Pinterest grow margins and long-term profitability. Sheridan maintained his price target of $30 per share on Pinterest, implying a 9.2% upside from the stock's closing price of $27.48 as of Monday. He reiterated his neutral rating on Pinterest shares and issued a price target of $26 per share, implying downside of 5.4%. JPMorgan lowered its price target to $27 from $28 and maintained its neutral rating for the stock.

☆ Pinterest misses quarterly revenue estimates on lower ad spends
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - Pinterest Inc (PINS.N) shares fell about 10% in aftermarket trade on Monday after the company missed quarterly revenue estimates as user growth slowed on the image-sharing platform and businesses cut advertising spending in a turbulent economy. The company announced chief financial officer and head of business operations Todd Morgenfeld would be leaving Pinterest on July 1, 2023. The image-sharing platform said it expected revenue to grow in low single digits year-over-year in the current quarter, compared with Wall Street estimates of 6.95% growth. The company's global monthly active users (MAUs) grew 4% to 450 million, below estimates of 452.3 million. The company's revenue in the fourth quarter ended Dec. 31 grew 4% to $877 million.

☆ ChatGPT may be the fastest-growing consumer app in internet history, reaching 100 million users in just over 2 months, UBS report says
▼ + stars: | 2023-02-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

ChatGPT may be the fastest-growing app in history with 100 million users after just over two months. A UBS report showed that it took TikTok over nine months to reach the same number of people. "In twenty years following the Internet space, we cannot recall a faster ramp in a consumer internet app," UBS analysts wrote in the report. The number of MAUs on ChatGPT has almost doubled since December when it had around 57 million, per the report. It amassed one million users in just five days.

☆ Meta set to report fourth-quarter earnings after the bell
▼ + stars: | 2023-02-01 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. Meta reports fourth-quarter earnings on Wednesday as the company tries to reverse a slide that pushed the stock down by 64% last year. The company also said its "internal forecast" assumes a revenue drop in the first quarter of between 2% and 10%. Alphabet and Amazon will wrap up earnings reports from the major online ad platforms on Thursday, followed by Pinterest next week. Meta said last quarter that "Reality Labs operating losses in 2023 will grow significantly year-over-year."

☆ Top Wall Street analysts pick these stocks to climb 2023’s wall of worry
▼ + stars: | 2023-01-22 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To help with the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Nonetheless, Monness Crespi Hardt analyst Brian White expects the results to be in line with, or marginally above, Street expectations. Looking ahead, White sees pent-up demand for iPhones come into play in the forthcoming quarters, once Apple overcomes the production snags. (See Spotify Stock Chart on TipRanks) White is particularly upbeat about the waning mobile app store monopolies, after the European Union passed the Digital Markets Act last year. The analyst is also placed 431st among more than 8,000 analysts on TipRanks.

☆ Here are Thursday's biggest analyst calls: Apple, Robinhood, Netflix, Target, TJX, McDonald's & more
▼ + stars: | 2022-11-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Credit Suisse reiterates Apple as outperform Credit Suisse said its survey checks show iPhone Pro and Pro Max delivery delays. Deutsche Bank downgrades Target to hold from buy Deutsche downgraded Target after its earnings report on Wednesday and said it has "lower confidence." Piper Sandler upgrades Target to overweight from neutral Piper said Target is still "compelling" despite its latest quarterly report. " Bank of America reiterates Nvidia as buy Bank of America called Nvidia's third-quarter earnings results on Wednesday an "inflection" quarter. Bank of America reiterates Cisco as buy Bank of America said it's standing by Cisco after its earnings report on Wednesday.

☆ Major analysts are talking about Robinhood's third-quarter results. Here’s what they said
▼ + stars: | 2022-11-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Wall Street analysts are impressed with Robinhood after it posted strong results for the latest quarter that showed a boost from interest rates and lower expenses. In August, the fintech company announced a 23% reduction in its headcount as it reported weaker-than-expected results for the second quarter . Deutsche Bank – Hold, price target $11 "Quite positively, the company achieved adjusted EBITDA profitability a quarter ahead of its target... Piper Sandler – Neutral, price target $11.50 "Our price target multiple increase is driven by our increased confidence in HOOD's leaner expense model & given it achieved adjusted EBITDA profitability a quarter earlier than expected. Barclays – Underweight, price target $11 "Q3 revenues beat, driven by higher net interest income, and costs came in well below expectations, driving adj.

Organizations: ~ +

☆ Meta shares drop 12% on weak fourth-quarter forecast and earnings miss
▼ + stars: | 2022-10-26 | by ( Jonathan Vanian | Jonathan Vanian Is A Technology Reporter For Cnbc.Com | ) www.nbcnews.com time to read: +2 min

Meta shares plummeted in extended trading on Wednesday after Facebook’s parent issued a weak forecast for the fourth quarter and came up well short of Wall Street’s expectations for earnings. Meta is contending with a broad slowdown in online ad spending, challenges from Apple’s iOS privacy update and increased competition from TikTok. Add it up, and Meta is expected to post its third straight quarter of declining sales for the year. The company said revenue for the fourth quarter will be $30 billion to $32.5 billion. Meta earnings summary Earnings per share (EPS): $1.64 vs $1.89 expected, according to Refinitiv$1.64 vs $1.89 expected, according to Refinitiv Revenue : $27.71 billion vs. $27.38 billion expected, according to Refinitiv: $27.71 billion vs. $27.38 billion expected, according to Refinitiv Daily Active Users (DAUs) : 1.98 billion vs 1.98 billion expected, according to StreetAccount: 1.98 billion vs 1.98 billion expected, according to StreetAccount Monthly Active Users (MAUs) : 2.96 billion vs 2.94 billion expected, according to StreetAccount: 2.96 billion vs 2.94 billion expected, according to StreetAccount Average Revenue per User (ARPU): $9.41 vs. $9.83 expected, according to StreetAccountThe Facebook parent’s operating margin, or the profits left after accounting for costs to run the business, sank to 20% from 36% a year earlier.

☆ Metaverse-obsessed Mark Zuckerberg refuses to cut costs. It's no wonder the stock tanked
▼ + stars: | 2022-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Club holding Meta Platforms (META) reported mixed third-quarter results and weak forward guidance after the closing bell Wednesday. While beating expectations, revenue for Q3 dropped 4% to $27.71 billion. As for profitability, Family of Apps operating income came in at $9.34 billion, short versus expectations of $9.65 billion. Facebook Global Average Revenue per User (ARPU): $9.41 versus expectations of $9.83. Capital expenditures (capex) guidance was tightened to a range of $32 billion to $33 billion versus $30 billion to $34 billion previously forecast and above the $30.41 billion consensus.

☆ Facebook parent Meta reports third-quarter earnings after the bell Wednesday
▼ + stars: | 2022-10-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Meta reports third-quarter earnings on Wednesday after the bell. Add it up, and Meta is expected to post its second straight quarter of declining sales. Meta is trying to make Reels more attractive to advertisers and has announced new ad formats intended to give businesses enhanced options for promoting their products through short videos. Most concerning are the user figures in the U.S. and Canada, its biggest region for revenue. In the second quarter of 2022, Meta counted 197 million daily active users in those two North American countries, down from 198 million in the same quarter in 2020.

Search resuls for: "MAUs"

15 mentions found