Amazon issued a press release on their third quarter results after the market closed. Revenue increased by 24% to $70B, but operating income was down and margins for AWS and North America contracted. In terms of cloud Microsoft Azure grew 59% YoY in the previous quarter. Microsoft is definitely catching up, and there might be …
Continue reading “Amazon operating income drops and AWS margins contract”
Netflix issued a press release on its quarterly results after the closing bell. In Q3, we grew to $5.2 billion in revenue, up 31% over the prior year, and operating income doubled to$1.0 billion. Paid net adds totaled 6.8m compared to our 7.0m forecast and prior year Q3 of 6.1m. As we’ve improved the variety, …
Continue reading “Netflix beats on profit but misses on number of new subscribers”
Streaming giant Netflix just reported annual earnings for 2018. Reuters 2019Jan18: Netflix shares fall as weak forecast dampens investor optimism Bloomberg 2018Jan18: Netflix’s International Expansion Dominates Growth The net margins at Netflix are single digit and the P/S multiple is well above 10, which means the P/E multiple is a triple digit. Does that mean …