Articles about Earnings

Zillow revenue climbs 18% but layoff costs push company to a loss, amid executive changes

Zillow Group’s second-quarter revenue rose 18% to $772 million, but a $36 million restructuring charge from this week’s layoffs pushed the company to a $4 million net loss. Zillow also expanded CFO Jeremy Hofmann’s role to include chief operating officer and hired a Google litigation executive as its first chief legal and policy officer. Read More

SpaceX earnings: Elon Musk says Starlink could deliver most of the world’s internet within a decade

Elon Musk says Starlink could carry most of the world’s internet within a decade. SpaceX’s first earnings report as a public company showed the satellite business, built on satellites made in Redmond, is the only profitable part of the company. Read More

Amazon tops $3 trillion and Microsoft surges as Wall Street sets aside AI spending fears, for now

Amazon passed $3 trillion in market value for the first time Monday and Microsoft climbed 5%, extending a rally that followed cloud earnings from both companies last week. The two are now the world’s fourth and fifth most valuable companies. Read More

Podcast

Amazon’s next big business, Satya Nadella’s DIY app, and a VC’s rallying cry for Seattle tech

Microsoft and Amazon both beat cloud expectations this week, and Microsoft’s headcount fell for the first time since 2016. Also on the show: Satya Nadella builds a dashboard out of a Morgan Stanley analyst’s own report, Jeff Bezos names Amazon’s fourth pillar and AI House’s Jacob Colker makes the case for Seattle tech. Read More

AWS is ‘booming,’ but Amazon’s free cash flow turns negative on record AI spending

Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021. Free cash flow turned negative for the first time since 2023 as the company poured money into AI data centers. Read More

Which Microsoft businesses are growing and shrinking, according to obscure table in regulatory filing

Overall, for the fiscal year ended June 30, Microsoft’s revenue increased 18%, or $50.1 billion, to $331.8 billion. Here is what a table buried in the 10-K shows about the real drivers of the business. Read More

Microsoft Azure tops $100B in annual revenue as record AI spending cuts into cash flow

Microsoft’s Azure cloud business grew 43% last quarter — well past its own forecast — and topped $100 billion in annual revenue for the first time. The cost: a record $41 billion in capital spending, with free cash flow down 23%. Shares rose after hours, reversing the recent pattern. Read More

Amazon earnings preview: Wall Street looks for more cloud growth as AI spending hits a record

Amazon reports second-quarter results Thursday afternoon, with AWS growth expected to accelerate and capital spending on pace for a record $200 billion this year. The big question: How much patience do investors have left for the company’s bet on AI? Read More

Less Amazon, more profit: UPS raises forecast after cutting millions of lower-yield deliveries

The “glide-down” caps an 18-month UPS strategy initiated in early 2025 to scale back low-margin e-commerce shipments for Amazon. Read More

Microsoft earnings preview: AI spending, cloud margins, and why the stock keeps falling

Microsoft reports fiscal fourth-quarter and full-year results Wednesday. A look at the key numbers to watch, including capital spending, Azure growth, cloud margins, Copilot adoption and the company’s first capital spending forecast for fiscal 2027. Read More

Expedia Group sees reward and risk in the rise of AI-powered travel

Expedia CEO Ariane Gorin detailed the company’s AI strategy on its Q1 earnings call, describing booking integrations with ChatGPT and Claude, AI-powered customer support, and rising compute costs funded by cuts elsewhere. Read More

Zillow Group leans into AI as revenue climbs 18% in flat housing market

Zillow Group’s first-quarter shareholder letter made the company’s strongest case yet for its transformation into an AI-powered real estate platform, citing AI-driven productivity gains, a new consumer search mode, and AI tools for agents and property managers. Revenue rose 18% to $708 million. Read More

Microsoft puts a price on its voluntary retirement program

Microsoft says its voluntary retirement program will result in a $900 million charge in the current quarter. The company, which is spending record sums on AI infrastructure, said headcount dropped year over year and will decline again in fiscal 2027. Read More

Microsoft tops Wall Street expectations, reports accelerating Azure growth and $37B AI run rate

Microsoft’s Azure cloud business accelerated in the March quarter, growing 40% and topping the company’s own forecast, giving the tech giant a new answer to questions about its ability to translate record capital spending on AI infrastructure into stronger financial results. Read More

Expedia quarterly revenue climbs 11% to $3.55B; shares fall 3%

Expedia’s B2B arm remained a major growth engine. Read More

Zillow tops estimates with $654M in Q4 revenue, up 18%

Despite all of the headlines Zillow faced last year involving various court cases, the company continued to outperform investor expectations in the fourth quarter. Read More

Impinj shares slide more than 30% as RFID-maker projects rough Q1

In its earnings remarks, Impinj executives pointed to a convergence of short-term headwinds weighing on demand. Read More

Amazon CEO Andy Jassy defends $200B spending plan: ‘This isn’t some sort of quixotic top-line grab’

Amazon’s cloud unit posted its fastest growth in more than three years, but the company’s plan to spend $200 billion on infrastructure in 2026 sent shares tumbling 10% after hours. Read More

Amazon stock sinks 10% after Q4 profit miss as Jassy signals $200B in capital spending

Amazon posted record quarterly revenue and strong cloud growth in Q4 — but its stock fell after the company revealed its capital expenditure plans for 2026. Read More

Amazon earnings preview: Wall Street looks for cloud growth after capex surge and job cuts

Amazon reports Q4 earnings Thursday, capping a tech earnings season dominated by a single question: whether the industry’s AI spending binge will ultimately be worth it. Here’s what to watch. Read More

Microsoft’s historic plunge: Why the company lost $357 billion in value despite strong results

Microsoft beat its own forecast. Revenue rose 17%. Cloud crossed $50 billion. So why did the stock fall 10%, erasing $357 billion in market value? We dig into the numbers behind the company’s worst post-earnings drop in 13 years. Read More

Podcast

GeekWire Field Trip: Starbucks rebounds, Microsoft slides, and Amazon resets

This week on the GeekWire Podcast: We hit the road for a driving tour of the week’s news, making stops… Read More

F5 stock surges 13% after topping estimates with $822M in Q1 revenue

Shares of F5 were up more than 13% in after-hours trading after the Seattle-based security giant beat fiscal first quarter… Read More

Amazon’s Anthropic investment boosts its quarterly profits by $9.5B

Amazon’s third-quarter profit jumped 38% to $21.2 billion, boosted in part by a $9.5 billion paper gain on its investment in AI startup Anthropic, maker of the Claude chatbot. Read More

Amazon stock soars 11% after topping Q3 estimates with $180B in revenue, $21B in profits

Investors were likely pleased with a re-acceleration in Amazon’s closely watched cloud computing unit, which reported $33 billion in sales, up 20% year-over-year and topping analyst estimates. Read More

Microsoft beats expectations, reports nearly $35B in Q1 capital spending amid Azure outage

Microsoft reported revenue and profits ahead of analysts’ expectations, with Azure revenue growth climbing to 40% as the company continued to grapple with the effects of a widespread cloud outage. Read More

With earnings on tap, Microsoft touches $4 trillion again after reaching OpenAI deal

With a new OpenAI partnership in hand, Microsoft is going into its earnings report Wednesday afternoon with a resolution to one of the biggest questions about its business. Read More

Expedia stock soars 15% as B2B momentum fuels revenue growth

Expedia Group topped estimates for its second quarter earnings with $3.8 billion in revenue, up 6% year-over-year, and adjusted net… Read More

Amazon tops Q2 estimates with $167.7B in revenue, $18.2B in profits; AWS up 17% to $30.9B

Follow-up: Amazon Web Services profits squeezed as AI arms race drives spending surge Amazon beat estimates for its second-quarter earnings… Read More

Impinj stock surges 20% after Q2 revenue tops estimates at $97.9M

Shares of Impinj soared more than 20% in after-hours trading Wednesday after the RFID company topped estimates for its Q2… Read More