Offloading HuffPost hits Verizon’s Q4 earnings
Verizon highlighted mobile revenue growth and a good media performance in its Q4 2020 results, but also revealed a sizeable dent in earnings from the sale of HuffPost.
Verizon highlighted mobile revenue growth and a good media performance in its Q4 2020 results, but also revealed a sizeable dent in earnings from the sale of HuffPost.
There’s nothing quite like the acquisition of a nationwide US mobile operator to put a sheen on the old balance sheet.
The UK’s largest fixed line and mobile operator has reported improved half year performance and raised its full year outlook.
Nokia reported net sales down by 7% in Q3 and lowered its 2021 outlook, causing its share price to plummet. It also unveiled a new strategy and organisational structure.
Beleaguered Indian telco Vodafone Idea registered the largest ever annual loss by an Indian firm, thanks largely to massive payments to the government.
The spectacular, if unsurprising growth of Indian operator Reliance Jio continues with an annual EDITDA increase of 148%.
It was yet another tough quarter for networking giant Ericsson, with sales down 12% and an unsatisfactory conclusion to the strategic review of its media business.
Another quarter, another pretty average set of results, but Ericsson’s CEO insists there are signs of encouragement to be found if you look hard enough.
Samsung has defied the Note7 debacle to increase its profits by 50%, but there are plenty more challenges to come for its mobile business and elsewhere.
Saudi Arabian operator Mobily has revealed a net loss for Q4 2016, which it put down to the cost of implementing a government requirement for SIMs to be registered with fingerprints.
Facebook really has got its skates on at the moment after announcing more seriously impressive growth numbers, powered by the rocket fuel that is mobile advertising.
Like its Scandinavian counterpart, Nokia is having a challenging time of it at the mo, and it’s all hands on deck for a tough 2017.
Nokia CEO Rajeev Suri has cited challenging market conditions and the ongoing Alcatel-Lucent integration as reasons for declining revenues in Q2 2016.
The completed acquisition of EE earlier this year saw BT’s revenues swell by 35%, despite bringing in reduced earnings year on year.
Apple has seen a 15% decline in its revenues for Q3, led by falling iPhone sales, revenues and average selling price.
UK operator Vodafone hailed its Project Spring investment programme as it reported its first year of annual revenue growth since 2008.
Nokia has reported a growth in operating profit for Q1 2016 despite a drop in sales and revenue for the quarter, and will be accelerating its cost-cutting plans following the Alcatel-Lucent acquisition.
BT has announced a major new investment plan to boost broadband speed and availability across the country and consequently stave off regulatory pressure over Openreach.
Sprint has announced it will be trialling 5G millimetre wave technology at the Copa America football tournament this June.
Advertising on mobile has driven significant revenue growth for Facebook in Q1, comprising 82% of its total ad revenue and facilitating the tripling of net income to $1.5bn.
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