His tenure at LinkedIn followed a period of rapid growth at the company, where it doubled down on diversifying its revenues into advertising alongside subscriptions to its premium and recruitment businesses, a major refresh of the company’s mobile effort, a number of redesigns and experiments across the main platform to best leverage the position that it holds among its user base — based on some of the same social mechanics that underpin the likes of Facebook, but with a much more practical, professional, productivity bent — and, most of all, very torrid growth of its user base. Some love to poke it and lampoon its somewhat surprising ability to infer your connections and send countless attempts to your email to try to engage you more, but ultimately it’s a tool and platform that hasn’t really found a strong single competitor.
As Twitter continues to try to find the right balance between making its platform easier to use while also less prone to toxicity and abuse, the social media platform reported mixed earnings for Q4. Twitter posted $1.01 billion in revenue — notable because it is the first time its revenues have broken past the billion-dollar mark — due to a strong quarter in advertising sales.
The back-of-the-envelope math offers a revealing glimpse into the storied tech company’s current thinking on blockchain. Cuomo’s revenue figure comes as IBM works to bring enterprise blockchain closer into the company’s sprawling cloud offering. Some commentators have described the move as a reprioritization or even consolidation following the dissipating hype surrounding distributed ledger technology (DLT).
Oncimmune reported this week that its revenues for the first half of 2019 were £310,000 ($404,000), compared to £120,000 in the first half of 2018. R&D costs were £1.0 million, up from £690,000. The firm’s comprehensive loss for H1 2019 after tax was £5.8 million, compared to £3.9 million in H1 2018. Oncimmune’s cash balance at the end of the period was £7.5 million.
Today, on Twist’s quarterly earnings call, the company also reported that its revenue increased 49.3% year-over-year to $17.2 million. Twist forecast revenue exceeding $80 million for 2020. On Thursday morning, shares of Twist Bioscience (NASDAQ: TWST) were trading at just below $27. By Friday afternoon, they were just above $32 a share, a rise of more than 18%, bringing its market capitalization to $1.1 billion.
Sky Network Television reported a net profit of $11.7m in the six months ended December 31, tumbling 78 per cent from $53.4m a year earlier. Revenue fell 4.5 per cent to $384.8m and earnings before interest, tax, depreciation and amortisation sank 30 per cent to $89.7m. However, the company reported a jump in total subscriber numbers in the first-half from 779,000 (or the year-ago 750,000) to 795,000, driven by a 74 per cent increase in subs to its various streaming services.
Listed landlord Precinct Properties has pushed up revenue and more than doubled net profit after tax following leasing successes in its first half-year.
Spark has reported healthy first-half financials, but is keeping mum on key sports streaming numbers - bar the snippet that Spark Sport fell within a $19m "other" category (more on which below). That's not insubstantial revenue for a new subscriber service, if only 1 per cent of the telco's total revenue for the six-month period.
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