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Stephanie Chan / Sensor Tower Blog:
In 2021, 906 developers are projected to pass $1M annual revenue for the first time on Apple's App Store and Google Play, vs. 475 in 2016 and 1,003 in 2020 — As global consumer spending in mobile apps is projected to again reach new heights in 2021, Sensor...
Tim Copeland / The Block:
Crypto staking service Figment raises a $110M Series C led by Thoma Bravo at a $1.4B valuation; Figment has $10M in revenue/month with ~$100M projected for 2021 — Quick Take — Staking provider Figment has raised $110 million at a $1.4 billion valuation.
Craig Chapple / Sensor Tower Blog:
Eight mobile games passed $1B in global revenue on the App Store and Google Play so far in 2021; PUBG Mobile and Honor of Kings led with $2.8B each — A record-breaking eight mobile games including PUBG Mobile from Tencent, Honor of Kings from Tencent, and...
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Amazon is joining other tech giants by lowering its cut of developer revenue generated by voice apps, known as Alexa skills, which run on Amazon’s smart speakers and other Alexa-powered devices. The company this week announced it would next year reduce its commission from 30% to 20% for Alexa...
The Mozilla Foundation today released its financial report for 2020. As usual, this gives us a good picture of the organization’s financial health from a year ago, but for the first time this year, Mozilla also provided us with more recent data.
It’s no secret that Mozilla recently went through...
Joe Williams / Bloomberg:
Salesforce Chief Revenue Officer admits the MuleSoft unit is “going through a bit of a rough patch”, amid a wave of high-level departures, sales growth slowdown — - Unit key to company's future ‘Customer 360’ ambitions — Executive says MuleSoft has hit ‘a bit of a...
Freddy Jose Mangum Contributor
Freddy Jose Mangum is CEO and co-founder of Hub, provider of a unified presales productivity platform.
Today’s high-growth technology companies rely on millions of presales professionals, also known as sales engineers and solution consultants, to explain the...
Jordan Novet / CNBC:
Oracle beats in Q2 with revenue of $10.36B, vs. $10.21B expected and up 6% YoY, cloud services and license support revenue of $7.55B, up 6% YoY; stock up 10%+ — - Oracle beat expectations on the top and bottom lines, and quarterly guidance met consensus. — The software...
Wallace Witkowski / MarketWatch:
UiPath reports Q3 revenue of $220.8M, vs. estimates of $208.3M and up 50% YoY, ARR of $818.4M, up 58% YoY, and losses of $122.8M, up 73% YoY — UiPath Inc. shares fell in the extended session Wednesday even as the “software robots” provider's quarterly results...
Judd Legum / Popular Information:
A look at Trump Media & Technology Group, which lacks a product, users, publicly identified executives, and revenue, and its merger with DWAC, valued at $1.85B — In October, former President Trump announced the creation of a new company, Trump Media &...
Lauren Thomas / CNBC:
Stitch Fix reports Q1 revenue of $581M vs $571M est. and cuts its revenue outlook for the fiscal year, citing ongoing supply chain pressures; stock drops 15%+ — - Stitch Fix reported a narrower-than-expected fiscal first-quarter loss and beat analysts' sales expectations.
Jordan Novet / CNBC:
MongoDB reports Q3 revenue of $227M, up 50% YoY, a net loss of $81.3M, up from $72.7M YoY, and Atlas cloud database revenue up 84%; stock up 17%+ — - Revenue growth accelerated, including in the fast-growing Atlas cloud service category. — Sales and marketing expenses...
Alistair Gray / Financial Times:
GroupM: global ad revenue will reach $763B in 2021, up 18.7% from 2019; Alphabet, Meta, and Amazon control 80-90% of the digital ad market outside China — Alphabet, Meta and Amazon have doubled their share of ad revenues in past 5 years, industry estimates
Ari Levy / CNBC:
DocuSign reports Q3 revenue of $545.5M, up 42% YoY, with subscription revenue of $528.6M, up 44%, and 1.11M customers; stock is down 35%+ after weak Q4 guidance — - DocuSign said it expects fourth-quarter revenue of $557 million to $563 million, trailing the average analyst...
A new study claims that Amazon makes far more from fees on its Marketplace platform than even the cash cow known as AWS. The report says that Amazon’s fees for participating effectively on its store have grown to the point where sellers now give the company about 34% of their earnings — and this...
Stacy Mitchell / Institute for Local Self-Reliance:
Research: Amazon revenue from third-party sellers will reach $121B in 2021, up from $60B in 2019, as seller fees reach 34%, up from 30% in 2018 and 19% in 2014 — Amazon's dominance of online retail means that small businesses have little...
Maria Armental / Wall Street Journal:
GlobalFoundries reports Q3 net revenue rose 56% YoY to $1.7B as profit reached $5M, up from a $293M loss YoY, in its first post-IPO earnings report — The financial report was the company's first as a public company, which started trading publicly in October
Jonathan Greig / ZDNet:
Box reports Q3 revenue of $224M, up 14% YoY, vs. $218.6M est., and billings of $231.5M, up 25% YoY, and a net retention rate of 109%, up from 103% YoY — The cloud content management firm's net retention rate came to 109%, up from 106% in Q2. — Cloud content management...