Technology Giants Announced Their Earnings in the 3rd Quarter

US tech giants Microsoft, Twitter and Google’s subsidiary Alphabet; third quarter announced the increase in its revenues by announcing the balance sheets for the July-September period.

Recently Facebook third-quarter earnings, up 35 percent compared to last year. 29 billion dollars had declared. Earning $20.5 billion in the same period of 2020, Facebook’s net profit in the third quarter of the year increased by 17 percent. $9.2 billion had risen.

Alphabet hits record per share price

According to the data, it covers the July-September period in its financial calendar. first quarter accepting as Microsoft‘s revenue increased by 22 percent compared to the third quarter of 2020, and $45.3 billion reached. Microsoft’s revenue, which has experienced its fastest rise since 2018, was 37.2 in July-September 2020. In this period, the company’s net profit increased by 48 percent. $20.5 billion has reached. Microsoft’s net profit for the same period last year was $13.9 billion. The company’s price per share jumped from $1.82 to $2.71 per share.

in the third quarter of the year Alphabet‘s income also increased. Announcing $46.2 billion in revenue in this period of 2020, the company saw its third quarter earnings increase by 41 percent this year. $65.1 billion reported that. Thus, Alphabet Highest quarterly revenue growth in 14 yearshas saved it. The company’s net profit in this third quarter also increased by 68.4 percent compared to last year, and $18.9 billion reached. The search engine giant’s subsidiary had a net profit of $11.2 billion in the third quarter of last year. Alphabet, which was $ 16.40 per share in the July-September period of last year, also broke a record with its earnings per share, which rose to $ 27.99 this year.

One of the most popular music platforms in the world Spotify Another company that announced its third quarter results. Spotify, which currently has 172 million paid subscribers and 381 million monthly active users; Last quarter it had 165 million paid subscribers and 365 million monthly active listeners. In other words, the number of users of the company in the new period increased by 19 percent compared to last year.

Twitter is at a loss in the third quarter of this year

Achieved $936.2 million in the third quarter of 2020 twitter increased by 37 percent in the third quarter of this year. $1.28 billion achieved. However, despite this, Twitter, which announced a profit of $ 29 million in the third quarter last year, is $ 537 million in the third quarter of this year. damage explained.

Twitter’s average daily active users in the third quarter of this year also reached 211 million. Thus, the average number of daily active users in the third quarter of the company saw a 13 percent increase compared to last year.