Meta Platforms Stock Soars 20% After Initiates Dividend, Strong Engagement Trends

Social media beast Meta Platforms, owner of Facebook shares soared around 20% after earnings beats by $0.51, beats on revs and guiding Q1 revs above consensus. Meta Initiated a quarterly dividend of $0.50/share and also announced a $50 billion increase to share repurchase program. The company said it is experiencing strong engagement trends across apps and capex growth will be driven by investments in servers and data centers as it invests in AI. All the bad was forgiven at the … Continue reading “Meta Platforms Stock Soars 20% After Initiates Dividend, Strong Engagement Trends”

DoubleVerify Stock 14% Lower After Second Quarter Earnings and Scibids Acquistion Deal

Ad verification company DoubleVerify (NYSE: DV) announced Tuesday after the market close better than expected second quarter earnings and that it has entered into an agreement to acquire French AI-powered adtech firm Scibids Technology sas in a cash and stock deal valued at $125 million. Scibids builds AI that automates and optimizes an advertiser’s programmatic buying of digital ad campaigns. DV second quarterly earnings were $0.07 per share, which beat the consensus of $0.06. DV reported quarterly sales of $133.74 … Continue reading “DoubleVerify Stock 14% Lower After Second Quarter Earnings and Scibids Acquistion Deal”

Ad Verification Specialist DoubleVerify to Acquire French AI Firm Scibids

Ad verification company DoubleVerify announced along with it’s second quarter earnings it has entered into an agreement to acquire French AI-powered adtech firm Scibids Technology sas in a cash and stock deal valued at $125 million. The move follows the partnership formed in June this year to launch the “DoubleVerify Algorithmic Optimizer.” Scibids’ AI algorithm were matched with DoubleVerify’s media quality and ad performance data to optimize advertising campaigns. The deal is a natural progression from the partnership. DoubleVerify enables … Continue reading “Ad Verification Specialist DoubleVerify to Acquire French AI Firm Scibids”

Alphabet Stock Jumps on Google Cloud Growth and AI Messaging

Internet giant Alphabet, owner of Google reported better than expected in second quarter earnings after the close Tuesday. $GOOG reported adjusted earnings per share of $1.44, ahead of the $1.34 expected by a Refinitiv survey. Revenue for was $74.6 billion, beating a consensus estimate of $72.82 billion, the second straight quarter of accelerating growth following. Cloud revenue grew 28% year-over-year and reported operating income for the second quarter in a row ahead of expectations. Shares of Alphabet rallied more than … Continue reading “Alphabet Stock Jumps on Google Cloud Growth and AI Messaging”

Meta in Freefall as Profits Halved and Lowers Guidance

Social media beast Meta, owner of Facebook shares were savaged around 20% to levels last seen in July 2016. META reported third quarter revenue and EPS missed as it posted a net profit of $4.39 billion, or $1.64 a share, down from $9.2 billion, or $3.22 a share last year. META also warning going forward. This was the fourth quarter in a row Meta’s bottom line has fallen. The company hasn’t experienced such a slump since the fourth quarter of … Continue reading “Meta in Freefall as Profits Halved and Lowers Guidance”

Alphabet Earnings Growth Continues to Slow as YouTube Revenue Falls

Internet giant Alphabet, owner of Google reported worse than expected third quarter earnings after the close Tuesday. $GOOG total growth of 6% was the weakest period of expansion since 2013, other than one period during the pandemic. Google advertising, which includes search and YouTube ads again continued to lose momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Revenue at YouTube actually declined when analysts were expecting growth of about 3%. Alphabet Reported ThirdQuarter Earnings After the Close … Continue reading “Alphabet Earnings Growth Continues to Slow as YouTube Revenue Falls”

Meta First Ever Decline in Revenue with Tik Tok Competition and Soft Digital Advertising

Social media beast Meta, owner of Facebook reported worse than expected second quarter earnings after the close Wednesday. $FB guiding lower, and revenue and EPS missed as it posted a net profit of $6.7 billion for the second quarter, the third quarter in a row Meta’s bottom line has fallen. The company hasn’t experienced such a slump since the fourth quarter of 2012. Q2 daily active user base rose to 1.97 billion users. Up from 1.96 billion three months ago. … Continue reading “Meta First Ever Decline in Revenue with Tik Tok Competition and Soft Digital Advertising”

Alphabet Earnings Growth Slows as Advertising Loses Momentum

Internet giant Alphabet, owner of Google reported worse than expected second quarter earnings after the close Tuesday. $GOOG reported the slowest quarterly sales growth in two years. Google advertising, which includes search and YouTube ads lost momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Alphabet Reported ThirdQuarter Earnings After the Close Tuesday $1.21 Missed $1.32 EPS Forecast and $69.69B Missed$70 billion Forecast Conference call: 4:30 p.m. Earnings Alphabet second-quarter revenue was $69.69 billion, up 13% from … Continue reading “Alphabet Earnings Growth Slows as Advertising Loses Momentum”

Levi Strauss Earnings Watch, Market Share Gains Boosting Apparel Margins

Iconic American blue jean maker Levi Strauss & Co. reports second quarter earnings after the market closes on Thursday, July 7th. $LEVI posted improved earnings and revenue for the first quarter ended in February. Levi Strauss has benefited from growth in its direct-to-consumer and e-commerce businesses, though it has had to confront inflation and supply chain constraints. Analysts are projecting revenue of $1.43Billion and EPS of $0.23. Earnings Preview Levi Strauss & Co. NYSE: LEVI Report Earnings After Close Thursday … Continue reading “Levi Strauss Earnings Watch, Market Share Gains Boosting Apparel Margins”

Meta Earnings Release Better Than Expected Offers Relief Boosting Stock 15%

Social media beast Meta, owner of Facebook reported better than expected first quarter earnings after the close Wednesday. $FB guiding lower, and revenue missed but beat on EPS. Daily active users, which declined in the fourth quarter for the first time, bounced back a bit from 1.93 billion to 1.96 billion. $FB was up 15.1% after earnings, the stock fell 26% after the dismal Q4 results. Facebook Inc. (NASDAQ: $FB) Reported Earnings After Close Wednesday $2.72 beat EPS $2.56 expected … Continue reading “Meta Earnings Release Better Than Expected Offers Relief Boosting Stock 15%”