earnings

GameStop to close up to 200 stores

Engadget RSS Feed Sponsored Links SIPA USA/PA Images Just two months after GameStop announced ambitious plans to breathe new life into its stores, the company has announced that between 180 and 200 stores around the world will be closing their doors for good before the year is out — and more closures are coming. The […]

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Uber has more than 100 million users, but is still losing money

Engadget RSS Feed Sponsored Links ASSOCIATED PRESS Uber might seem ubiquitous, but the ridesharing company is still growing, it reported in its quarterly earnings. In July, more than 100 million people took Ubers or used the company’s services. That’s the first time it hit that monthly milestone. Trips rose 35 percent in Q2 compared with […]

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Everything Disney touches turns to gold (except ‘Dark Phoenix’)

Engadget RSS Feed Sponsored Links EnchantedFairy via Getty Images Disney continues its 2019 hot streak through the third quarter of the year, according to Tuesday’s earnings report. The multimedia juggernaut recently closed out its mammoth 21st Century Fox buy, opened the Star Wars Galaxy’s Edge at its Southern California theme park, and is quickly gearing […]

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Take-Two profits soar thanks to ‘GTA’ and ‘Red Dead’ online spending

Engadget RSS Feed Sponsored Links Rockstar Games Need further proof that Rockstar’s online games are the cornerstone of its business these days? You just got it. Publisher Take-Two has reported that its profit jumped 39 percent year-over-year in the spring quarter to a hefty $540.5 million, and the in-game purchases for Rockstar’s titles played a […]

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Spotify adds 8 million paying customers in three months

Engadget RSS Feed In the three months since Spotify crested the 100 million Premium user mark, the company has added another 8 million paying customers. It’s another sign of health from a music streaming service that continues to grow in the face of tough and well-heeled competition. In its second-quarter earnings, Spotify said that its […]

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Samsung’s Q2 2019 profit is less than half of 2018’s haul

Engadget RSS Feed Sponsored Links As Samsung expected, its Q2 profit is off from last year’s by about 56 percent. An operating profit of $5.6 billion (6.6 trillion Korean won) is no small figure, but obviously not up to par for the electronics giant, and follow a similar result in Q1 of this year. A […]

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Apple’s wearables and services made up for weak iPhone sales

Engadget RSS Feed Apple’s latest earnings report is out, and as many had expected, it’s very much on-trend with the numbers we’ve seen coming out of Cupertino this year. The company managed to grow its overall revenue a little, raking in a total of $53.8 billion compared to $53.3 billion this time last year. That’s… […]

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Snapchat had more than 200 million daily users last quarter

Engadget RSS Feed Sponsored Links ASSOCIATED PRESS Snap appears to be working its way out of a downturn. In the company’s Q2 earnings release that just dropped. Snap revealed that it had 203 million daily active Snapchat users in the last quarter, up eight percent year-over-year and seven percent quarter-over-quarter. That came after several quarters […]

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YouTube offers tiered membership levels to boost creators’ revenue

Engadget RSS Feed Sponsored Links puhhha via Getty Images Last year, YouTube took to the VidCon stage to share new ways creators could make money. This year, YouTube returned with updates to those programs. For starters, it’s adding new Channel Membership levels. Since last year, fans have been able to pay a monthly fee of […]

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Samsung expects another big slump in profits

Engadget RSS Feed Sponsored Links AP Photo/Ahn Young-joon Samsung isn’t about to leave the doldrums any time soon. The company warned that its profits were likely to slump in the second quarter, dropping about 56 percent year-over-year to roughly 6.5 trillion won (just short of $5.6 billion). That doesn’t sound great, but it could have […]

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