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Here's What You Should Know About Big Tech's Latest Earnings Reports

The TL;DR for this week's tech earnings
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less than 3 min read

TOPICS: Tech Business / Big Tech & Competition / Earnings & Financial Performance

A slew of tech companies reported earnings this week, and—surprise, surprise—they’re all still raking in major coin. Here are some top takeaways.

Microsoft: Despite the humblebrags, LinkedIn is a lot more popular than you might think. Based on current users, and last year’s revenue, it’s bigger than Twitter, Snap, Pinterest, and more.

Alphabet: YouTube’s revenue increased nearly 50% last year, as we were all watching travel vlogs, beauty how-tos, and DIY project walkthroughs. It’s by far the most popular social media platform.

Facebook: As many as 68% of iPhone users are expected to block ad tracking via Apple’s new ad transparency feature. Facebook, the personalized ad placer extraordinaire, has been concerned about this for a while—even though its revenue grew by nearly 50% year over year—and projects the feature will hurt revenue in Q2 and Q3.

Tesla: Revenue increased 74% year over year, at about the same rate as the company’s production growth. Tesla is still bullish on bitcoin as a valuable way to store cash, and as its solar energy business grows, Elon Musk’s vision is to turn every home into its own power generator. —HF

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Tech news that makes sense of your fast-moving world.

Tech Brew breaks down the biggest tech news, emerging innovations, workplace tools, and cultural trends so you can understand what's new and why it matters.

By subscribing, you accept our Terms & Privacy Policy.