All Stories Tagged: Market News, Page 62

Microsoft's Q2 2023 earnings results teased that Game Pass did well, but CEO Satya Nadella claimed it saw all-time highs in subscription in the previous quarter.

Microsoft's OEM revenue year-over-year took one of the worst drops it's seen yet.

Cloud revenue hit $27.1 billion in Q2 2023, up 22 percent year-over-year and 29 percent in constant currency.

Microsoft is experiencing slow growth, but is hopeful Microsoft Cloud can carry it into the future.

The earnings results reflect Netflix missing previous EPS estimates, though revenue was shown slightly above the company's beginning-of-quarter projections.

Reed Hastings is moving from Co-CEO to Chairman of the Board at Netflix as the company reports its Q4 2022 financial results.

The company saw 7.7 million subscribers in Q4 2022, higher than Netflix's forecasted total of 4.5 million.

According to recent reports, Microsoft is expected to cut around 5 percent of its workforce, which could mean upwards of 10,000 layoffs.

The GameStop chairman has built a stake worth hundreds of millions USD in Alibaba and wants it to speed up share buybacks.

Bookings and daily active users were both up in December according to Roblox's most recent earnings report.