Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was a treat due to the huge news cycle we followed. So, Katie Roof and I — Alex Wilhelm — brought David Golden into the studio to help us carve through it all. Golden is a managing partner at Revolution Ventures, an investing shop… Read More
Category: finance
Equity podcast: Apple and Tesla report earnings, and IPOs are back
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was a treat due to the huge news cycle we followed. So, Katie Roof and I — Alex Wilhelm — brought David Golden into the studio to help us carve through it all. Golden is a managing partner at Revolution Ventures, an investing shop… Read More
Apple’s record services revenue suggests growth in Apple Pay, Apple Music
Everyone’s favorite almost-trillion-dollar company reported fourth quarter earnings after the bell on Thursday. And while much of the attention was on stellar iPhone sales, Apple wants to make sure that people know its services business is doing great, too.
“Service revenues reaches all-time high,” was the headline of the press release. But what is services revenue… Read More
VCs’ carried interest is safe for now, preserved in a new tax bill released today
The House tax bill released earlier today has something for VCs (and private equity folks, and hedge fund managers) to celebrate: it doesn’t touch the carried interest tax break that both Donald Trump and Hillary Clinton vowed to do away with on the campaign trail last year. Read More
Apple taps $900B after a blowout fourth quarter
Apple is continuing its run toward $1 trillion today, as a huge fiscal fourth quarter sent the stock to new highs and helped its market cap briefly hit $900 billion — though it’s since leveled off just a bit and is now resting just a hair below that. Read More
Apple delivers on its much-hyped promise to Wall Street in spades
As Apple looks to set itself up to Wall Street as the de-facto standard of what a smartphone can — and should — look like as consumer demand evolves over time, it was able for the large part to deliver on that claim as it showed up with a big beat in the fourth quarter.
Apple had already set the tone going into this quarter that things were going to be better than what industry… Read More
Pandora misses a beat, shares down 6% after posting earnings
Music streaming business Pandora reported earnings after the bell on Thursday. Adjusted earnings per share were negative six cents, better than the negative eight cents that Yahoo Finance analysts were predicting. Revenue was $378.6 million, an 8% year-over-year increase from last year. Yet it’s beneath the $380.57 million that analysts were expecting. Shares quickly dipped nearly 6%… Read More
Blue Apron shares trade down 9% after disappointing earnings
Blue Apron just can’t catch a break. The New York-based cooking kit business released its third-quarter earnings before the bell on Thursday. The results were mixed. The company handily beat revenue expectations, but its losses were also worse than expected. Revenue was $210.6 million, a 3% increase from the same period last year. Analysts surveyed by Yahoo Finance had been… Read More
Coin offerings using celebrity glitter may not be golden, SEC warns
A slew of media stars have hitched their stars to various virtual currencies, lending their social media outreach and luster to projects that have seemed less than golden. Now the SEC is warning celebrities that their endorsements “may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the… Read More
Tesla’s Wall Street hype train hits a speed bump
Tesla’s march toward its goal of being able to produce 5,000 Model 3 vehicles per week is a very expensive prospect — but the company, which says it will have $1 billion in capital expenditures for the fourth quarter this year, says it basically has enough money to hit that target.
Despite that, Tesla wasn’t able to completely sate Wall Street’s concerns about the… Read More
Yelp beats earnings, but outlook is bad
Yelp, the platform which connects consumers and local businesses, posted third-quarter earnings after the bell on Wednesday.
Yelp’s net revenue for the third quarter was $222.4 million, 19 percent growth for the same period last year. This compares to analyst estimates of $220.8 million, according to Yahoo Finance.
Adjusted net income was $25.4 million, compared to $18.4 million… Read More
Altair Engineering soars 41% in public debut
Michigan-based Altair Engineering is off to the races in its public debut. After pricing shares at $13, the enterprise software company raised $156 million. Then Altair saw its shares soar more than 40 percent to close at $18.31 during the first day of trading. Read More