News

Twitter gains momentum with 2nd straight profitable quarter

Rob Lever, Agence France-Presse
Posted at Apr 26 06:00 AM

WASHINGTON, United States - Twitter reported its second consecutive quarterly profit Wednesday, boosting the outlook for the messaging platform after years in the red. Read more »

Google parent Alphabet profit leaps on ad growth

Agence France-Presse
Posted at Apr 24 06:45 AM

Google parent Alphabet on Monday reported a surge in quarterly profits, lifted by strong growth in the digital advertising segment it dominates along with Facebook.   Read more »

Strong subscriber growth lifts Netflix revenue, profit

Agence France-Presse
Posted at Apr 17 06:53 AM

Netflix added 7.4 million new subscribers in the past quarter as the global television giant ramped up profits with its strongest-ever revenue growth since launching its streaming service. Read more »

ABS-CBN posts P3.16 billion net income in 2017, exceeds goal

ABS-CBN News
Posted at Mar 23 04:02 PM

ABS-CBN Corp said Friday it posted net income of P3.16 billion in 2017, as rising consumer sales aided revenue growth. Read more »

PLDT officials optimistic on turnaround over next 2 years

ABS-CBN News
Posted at Mar 09 12:28 AM

Index heavyweight PLDT Inc. released its 2017 earnings, with company officials expressing optimism the telco giant's financial performance is finally picking up steam.  Read more »

Amazon posts largest profit in its history on sales, tax boost

Reuters
Posted at Feb 02 08:30 AM

Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to US tax law added to its bottom line.   Read more »

Google parent misses profit estimates as spending grows

Reuters
Posted at Feb 02 08:16 AM

Google parent Alphabet Inc missed quarterly profit forecasts as steady ad sales growth was offset by increased spending to promote its consumer gadgets, YouTube video app and cloud computing services, the US technology company said on Thursday.   Read more »

'Star Wars: The Last Jedi' Tops $1 billion worldwide

Dave McNary, Reuters
Posted at Jan 01 09:49 AM

Disney-Lucasfilm's "Star Wars: The Last Jedi" has cleared the $1 billion milestone in worldwide grosses in less than three weeks. Read more »

ABS-CBN posts P2.3 billion net income in Jan-Sept

ABS-CBN News
Updated as of Nov 10 04:05 PM

ABS-CBN Corp said Friday it posted net income of P2.3 billion in the January to September period, bringing it closer to meeting its full year goal. Read more »

Emperador posts P1.7 billion Q3 net income, up 18 pct

ABS-CBN News
Posted at Nov 07 10:21 AM

Emperador Inc, the world's largest brandy maker, said Tuesday net income in the third quarter grew 18 percent to P1.7 billion. Read more »

Shakey's 9-month net income up to P519 million

ABS-CBN News
Posted at Nov 07 10:16 AM

Shakey's Pizza Asia Ventures said Tuesday net income in the first 9 months of the year grew 15 percent, as a larger store network improved profitability. Read more »

BDO net income rises to P7.08 billion in Q3

ABS-CBN News
Posted at Nov 02 01:25 PM

BDO Unibank, the country's largest lender, on Thursday reported a 17-percent jump in net income in the third quarter. Read more »

Google parent's profit climbs as mobile ad revenue growth

Glenn Chapman, Agence France-Presse
Posted at Oct 27 08:36 AM

Google's parent company Alphabet on Thursday reported profit in the recently-ended quarter leapt as money poured in from ads delivered to mobile devices and returns improved on "other bets."   Read more »

Weak sales plague Nokia, loss deepens and stock plunges

Agence France Presse
Posted at Oct 26 09:59 PM

Finnish telecoms equipment maker Nokia said Thursday its net loss deepened in the third quarter due to falling sales, as it presented a gloomy outlook that sent the share price plunging.   Read more »

McDonald's profits jump as it taps tech for deliveries

John Biers, Agence France-Presse
Posted at Oct 25 08:27 AM

McDonald's turned in another strong round of earnings Tuesday following heavy promotions in the US as it ramps up tech-focused home-delivery and mobile pay initiatives. Read more »

IBM beats revenue estimates; hints at sales growth

Pushkala A and Laharee Chatterjee, Reuters
Posted at Oct 18 08:13 AM

International Business Machines Corp's shift to newer businesses such as cloud and security services helped it beat analysts' quarterly revenue estimates, and the technology major hinted at sales growth after nearly 6 years of declines. Read more »

Alibaba profit nearly doubles on robust revenues

Dan Martin, Agence France-Presse
Posted at Aug 18 09:08 AM

Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Read more »

Jollibee net income rises 18.1 pct to P1.96B in 2nd quarter

ABS-CBN News
Updated as of Aug 14 01:22 PM

Jollibee Foods Corp, the country's largest fastfood operator, said Monday net income in the April to June period grew 18.1 percent, as sales grew despite the lack of election season demand. Read more »

Resorts World reports P311.2-M net loss after attack

ABS-CBN News
Posted at Aug 14 10:39 AM

The operator of Resorts World Manila said Monday it posted a net loss of P311.2 million in the three months ending in June, during which 38 people were killed in an arson attack in one of its casinos. Read more »

ABS-CBN posts P1.2-B net income in first half

ABS-CBN News
Posted at Aug 11 03:54 PM

MANILA - ABS-CBN Corp, the country's leading media and entertainment network, said Friday net income in the 6 months ending June reached P1.2 billion, as it maintained its ratings lead while controlling costs. Read more »