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„Amazon reports $96.1 billion in Q3 2020 revenue: AWS up 29%, subscriptions up 33%, and ‘other’ up 51% – Amazon today reported earnings for its third fiscal quarter of 2020, including revenue up 37% to $96.1 billion, net income of $6.3 billion, and earnings per share of $12.37 (compared to revenue of $70.0 billion, net income of $2.1 billion, and earnings per share of $4.23 in Q3 2019). North American sales were up 39% to $59.4 billion, while international sales grew 37% to $25.2 billion. … In a statement, Amazon CEO Jeff Bezos highlighted that Amazon had ‚created over 400,000 jobs this year alone.‘ Indeed, Amazon’s headcount jumped 28% from 876,800 employees in Q2 to 1,125,300 in Q3 (up 50% year-over-year). … In Q1, Amazon Web Services (AWS) passed the $10 billion milestone, even as growth continued to slow. In Q2, AWS growth fell to 29% – the first sub-30% growth rate since Amazon started breaking out AWS numbers. … Amazon’s ‚other‘ category, which mostly covers the company’s advertising business, was up 51% to $5.4 billion in revenue.“VentureBeat
„Apple’s services now have 585M paid subscribers, on-track to hit 600M by end of 2020 – Apple’s number of paid subscriptions for its various Services hit a new high of 585 million, and the company expects to hit 600 million by the end of the year. … Year-over-year, Apple’s number of paid subscribers grew by 135 million, representing about 25% growth since the year-ago period. Additionally, Apple said it is on track to ‚reach and exceed‘ its increased subscriber target of 600 million paid subscribers by the end of calendar year 2020. … Apple CEO Tim Cook also confirmed that its Apple One bundled services will launch on Friday, Oct. 30, with a launch of the new Apple Fitness+ service slated for later in 2020.“AppleInsider
„YouTube brings in $5 billion in ad revenue as Alphabet and Google bounce back – Parent company Alphabet reported better-than-expected third quarter ad revenue results – Google parent company Alphabet’s third quarter revenue increased 14 percent from the year before, led by a rebound in advertising revenue for both Google and YouTube. YouTube brought in $5 billion in advertising revenue in the third quarter of 2020 – a sign that advertisers who pulled back on their spending because of the coronavirus earlier in the year may be returning to something resembling normal. – YouTube now has more than 30 million music and premium paid subscribers – 35 million, including free trials – and YouTube TV has more than 3 million subscribers. That’s especially strong, since YouTube TV announced a monthly price increase from $50 to $64.99 in June. … Google’s advertising division brought in revenue of $37.1 billion, an increase from $34 billion last year. YouTube ads revenue increased 30 percent from $3.8 billion in the third quarter of 2019.“The Verge
„Facebook reports a decline in users in the U.S. and Canada – Facebook stock remained relatively flat on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings. – In the U.S. and Canada, Facebook’s user base fell to 196 million daily active users from 198 million a quarter earlier. … Facebook’s ‚Other‘ revenue came in at $249 million for the quarter, down 7% compared to last year. This includes sales of Oculus virtual reality headsets and the Portal video-chatting devices. However, the company said sales of the Oculus Quest 2 have been strong and could benefit its ‚Other‘ revenue in the fourth quarter. – Despite Apple’s decision to delay ad tracking changes to iOS 14, Facebook still anticipates that it could be a problem.“CNBC
„Shopify’s Q3 shines as businesses go digital, build out e-commerce – The company, which has been among the winners during the COVID-19 pandemic, reported third quarter revenue of $767.4 million, up 96% from a year ago. – Shopify’s third quarter was better than expected as the e-commerce platform vendor continued to benefit from small businesses going digital. – The company, which has been among the winners during the COVID-19 pandemic, reported third quarter revenue of $767.4 million, up 96% from a year ago, with earnings of $191.1 million, or $1.54 a share. Non-GAAP earnings for the quarter were $1.13 a share.“ZDNet