Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put the brakes on spending. The technology…

Twitter Said to Consider Selling User Names to Boost Revenue

Twitter has considered selling user names to generate new revenue as its owner, Elon Musk, tries to resuscitate the company’s business, two people with knowledge of the plan said. Twitter…

Flutter Entertainment Raises US Guidance After 3Q Revenue Growth

By Kyle Morris Flutter Entertainment PLC said Wednesday that it was upgrading its 2022 guidance for U.S. revenue after strong growth in the country and that group revenue for the…

Snap stock falls nearly 25% after revenue hit by shrinking advertiser budgets

CNN  —  Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the three months ending in September, a slight 6% increase from the year prior and…

Esports Entertainment Group Reports Fiscal 2022 Fourth Quarter Revenue of $11.7 Million

Hoboken, New Jersey–(Newsfile Corp. – October 13, 2022) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the “Company”) today announced its financial results for the fiscal…

AMD revenue warning signals deep chip slump; shares dive 4%

Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than…

China’s Tencent suffers first ever drop in quarterly revenue

The contraction marks a nadir for the gaming giant and owner of the WeChat messaging platform, which has reported double-digit growth almost every quarter since it went public in 2004,…

Coinbase Reports 63% Drop in Revenue Amid Crypto Industry Slump

When the cryptocurrency exchange Coinbase went public in April 2021, it was a triumphant moment for the nascent crypto industry. But the company has endured a grim 2022, grappling with…

Meta Reports First Revenue Decline and 36 Percent Profit Drop

SAN FRANCISCO — For years, Facebook’s sales grew without fail and kept on growing, defying the laws of gravity even as the company was battered by scandals over privacy and…

Sports & Entertainment Spotlight: No Sooner Does Kobalt Music Publishing Pull 700,000 Song-Catalog From Facebook and Instagram, but Meta Announces its Newly Adopted Ad Revenue Sharing Model for Musicians | Foster Garvey PC

Welcome back to the “Spotlight.” Rest assured that I have leveraged perhaps one of the greatest inventions in human history–central air-conditioning–to make it through last week’s heat wave in New…