🍿 2022-05-02 05:45:00 – Paris/France.
America's tech giants aren't immune to the economic effects of war in Ukraine, inflation, supply chain issues and shrinking advertisers' advertising budgets. Although the quarterly results presented last week were saved with revenue increases in all cases, the growth prospects they had at the start of the year with the end of the pandemic were largely clouded, which caused a strong sanction to Bag.
The epitome of this debacle has been Netflix, which has lost almost 70% of its value so far this year, after revealing last week that it had lost 200 users in the last quarter. But other flagship tech companies are also suffering. Since the start of 000, Apple has lost 2022%; Microsoft has lost 11,8% of its value; Alphabet (Google's parent company) lost 15%; Amazon left 20% of its capitalization, although the worst performer was Facebook, which collapsed 26%. Only Twitter held up, with a 40% revaluation, but only attributable to Elon Musk's offer for the social network for 16 billion euros.
The quarterly results of the technological giants presented last week accentuated in almost all cases this stock market punishment. While all the companies saw revenue rise, profits fell for Facebook, Google and Amazon (the latter posting losses) and, more importantly, analysts were disappointed.
after the pandemic
The causes of this value destruction vary from case to case in companies that not only weathered the effects of the coronavirus, but also took advantage of the pandemic in unison to experience explosive growth. The most symptomatic case is that of Amazon, which recorded red figures of 3 million dollars (about 844 million euros at current exchange rates) during the first quarter of the year, and although its revenue increased by 3% compared to the same period since the previous year, it is the smallest increase that the e-commerce giant has recorded in the last 660 years.
Meta, Facebook's parent company, slashed net profit by 21% to $7 million (€465 million) in the first quarter of the year, but curiously investors rewarded it with a strong revaluation on the stock market, where it had lost half of its value before the presentation of the results. The cause of this apparent contradiction is that fears have dissipated that users are turning their backs on the social network, especially the youngest. After the first decline in its history in the number of users during the last quarter of 7, Facebook accumulated 080 million daily users between January and March this year, 2021 million more than analysts expected and 1 million more than the previous quarter.
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Alphabet, parent company of Google, reduced its profit by 8,3% in the first quarter of 2022, to 16.436 million dollars (15.587 million euros), although it recorded revenues of 68.011 million dollars, or 23 % more than in the first three quarters. month of last year. The withdrawal of its services from Russia after the invasion of Ukraine has dented its European revenues, but it is the weakness in advertising activity after the post-pandemic recovery that is of more concern going forward. For this reason, the Sundar Pichai-led company has focused on cloud infrastructure, which it wants to compete with Amazon and Microsoft for revenue from companies that move workflows out of their own data centers.
Things are looking up for Microsoft, which announced net profits between July 2021 and March 2022 that were 25% higher than the same period a year earlier, and billed $146 million, or $405 million more than in March 25.
The Redmond, Wash.-based software company attributed the strong results to demand for cloud solutions, which increased after the shift to remote working due to the outbreak of the pandemic. Individuals and organizations have turned to Microsoft products, such as Outlook and Teams, to establish channels for communication and remote messaging, which has positioned the company as one of the big beneficiaries of the emergency. sanitary.
The global microchip crisis has not shaken Apple's accounts either. The Cupertino company earned net profits of $59 million, 640% more than in its fiscal first half of 14 over the same period a year earlier. In its first half of 2022, Apple recorded $2022 million, or 221,223% more than those billed during the same six months of the previous year, driven mainly by the massive sale of iPhones.
The Twitter convulsion over Tesla founder Elon Musk's bid is evident despite the fact that his company's performance is still in question. In fact, last week he admitted that for the past two years he had mistakenly counted the number of monetizable daily active users of the social network, overestimating his base of around 1,9 million accounts.
The results for the first quarter of 2022 are not significant, because if they were multiplied by 7,5 compared to those of the previous year, at 513,3 million dollars (488 million euros), they are due sale of MoPub, its mobile advertising division. applications, to marketing software company AppLovin for 1 million euros. The social network's revenues reached 000 million dollars (1 million euros) over the first three months of the year, or 200% more.
SOURCE: Reviews News
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