With New CEO Mattrick At Helm, Zynga Reports Loss of $16M And Revenue Decline Of 31%

Zynga’s revenues for the second quarter of 2013 declined 31% year-over-year to $231 million in the midst of a challenging transition that saw former CEO Mark Pincus hand over the reins to Don Mattrick. The company had a net loss of $16 million compared to last year’s net loss of $22.8 million during the same … Continue reading

Facebook’s Q3: Looking for the Latest on Mobile Ad Performance

Facebook knocked last quarter’s earnings out of the park. As we approach Facebook’s third-quarter earnings come Wednesday afternoon, can the social giant go two for two? That hinges, of course, on the high bar the company set for itself in mobile. After nearly a year of little traction in the mobile monetization space, Facebook’s mobile … Continue reading

AOL Q3 Beats Estimates On Sales Of $561M But Net Income Weighed Down By $25M Patch Restructuring

AOL (owner of TechCrunch) today reported its Q3 earnings with a 6% rise in revenues over a year ago to $561 million, led by growth in its advertising business, specifically around the premium ad formats like video that AOL is pushing as a counterbalance to the dominance that Google has in other formats like search. … Continue reading

Samsung Q2 Profits Up 47.5%, But Operating Profit At Its Mobile Division Slows

As the worldwide smartphone market slows, Samsung’s second-quarter earnings showed that it is beginning to feel the pressure despite being the world’s top smartphone vendor. Samsung said its Q2 2013 operating profit increased 47.5% to $8.5 billion, in line with the company’s own estimate. Operating profit at its mobile division, which accounts for two-thirds of … Continue reading

Lenovo Group’s Profit Jumps, Beats Expectations

Chinese personal-computer maker Lenovo once again beat expectations, posting a 36 percent increase in its quarterly net profit, and struck a confident note about its prospects on robust tablet demand and recovering PC sales. Lenovo’s solid results come amid lingering concerns about the PC industry’s future. Despite some signs of recovery, traditional PC makers are … Continue reading

SAP Profit Jumps but License Business Struggles

SAP AG, the world’s biggest business software maker, Monday reported a jump in third-quarter profit, but currency swings caused a slowdown in revenue growth and its core business in software licenses continued to slide as customers migrated to Web-based products. Net profit at the Walldorf, Germany-based company rose to 762 million ($1.04 billion) in the … Continue reading

Has Apple Hit a Wall in China?

When Apple reported earnings for its second fiscal quarter back in April, CEO Tim Cook touted the period as the company’s “best quarter ever in Greater China,” and celebrated the eight percent growth it had seen in the region. Three months later, Apple’s trajectory in China has taken a decidedly different turn, and Cook’s upbeat … Continue reading

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