Tech companies released their balance sheets in the third quarter of this year.
The different technology companies have revealed in recent days the balance of profits and losses that they have registered in the third quarter of the year, that is, between July and September 2021.
Facebook, Twitter, Google and Microsoft are some of the companies detailing their movements. These are the gains and losses that some of the organizations have recorded:
Facebook reported profits of more than $ 9 billion in the last quarter on Monday and its users increased despite the social network facing a crisis for allegedly putting growth before security.
Facebook said its profit is 17% higher than the same quarter last year and that the number of monthly users increased 6% to 2.91 billion.
The turnover between July and September was 29,000 million dollars, 500 million less than what investors expected.
After the results were released, Facebook shares rose 4% in post-Wall Street trading.
Its two social networks (Facebook and Instagram) and messaging (WhatsApp and Messenger) are currently visited daily by 2,800 million people, which means 11% more than a year ago, and by 3,580 million at least once a month ( +12).
Facebook this year has 23.7% of the global digital advertising market according to the eMarketer cabinet and is behind Google, number one in the sector with 28.6% of the advertising pie.
Twitter suffered a strong loss of $ 537 million in the third quarter due to a friendly agreement with shareholders, but saw an increase in its advertising billing when other players in the sector suffered.
The social network announced at the end of September the payment of 809.5 million dollars to settle a dispute over the company’s communication at the beginning of 2015, considered misleading by several shareholders who sued the firm in court.
This deal represented an additional bill of 766 million dollars integrated into the accounts for the quarter, which crushed the group’s results, with a loss of 54 dollars per share, when the market expected a profit of 17 cents.
Despite this result, investors welcomed the numbers and Blue Bird Network stocks were up 2.95% on post-closing electronic exchanges on Wall Street.
Turnover for the quarter, for 1.28 billion dollars, was in line with market expectations, with advertising revenues rising 51% in one year and 8.5% over the previous quarter.
Alphabet (Google)
Alphabet, Google’s parent company, saw its turnover skyrocket 41% in the third quarter, to $ 65 billion, with a net profit of $ 18.9 billion, well above market expectations.
The world number one in online advertising, the subject of several investigations for suspected anti-competition practices, continues to generate income from its search engine and also thanks to YouTube.
Between July and September, its video service sold for a total of 7.2 billion dollars of advertising directed based on content and users, compared to 5 billion in the same period last year, according to a statement released on Tuesday.
The company’s cloud activity (computing in the cloud) had a turnover of 5 billion dollars, an increase of 45% in one year.
Microsoft
Microsoft’s profits exploded in the third quarter, with $ 20.5 billion net realized between July and September, equivalent to a 48% increase in one year.
In the first quarter of its deferred fiscal year, the computer giant also exceeded investor expectations in terms of revenue, with a turnover of $ 45.3 billion (+ 22%), according to a statement of results released on Tuesday.
Growth is sustained by the cloud (remote computing), which became the engine of the company. Its Office suite and the services associated with the storage and processing of data for companies improved their sales by 18%.
Revenues from Azure, the main cloud branch, also grew by 50%.
Personal computing activity, which includes, among others, the Windows operating system, computers and video games (Xbox), earned $ 13.3 billion. (I)
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