GOOGL Alphabet Inc | SPOT Spotify Earnings Reports
Alphabet earnings: Google juggles good investments with being a target for EU fines
Google profit continues to be buoyed by paper gains on its investments, as long as you ignore giant fines. Alphabet Inc. absolutely destroyed earnings expectations in every quarter in 2018 — but there are two big reasons for that.
Google’s parent company beat analysts’ quarterly earnings estimates by an average of about 27% last year, and never by less than 17.5% in any of the four quarters, according to FactSet records.
Those beats were fueled not by actual money flowing into the company for ads sold on Google or any of Alphabet’s GOOGL, +0.80% GOOG, +0.69% myriad other businesses, but rather paper profit on investments the company has made. It also ignores huge fines Google expects to pay the European Commission.
Spotify revenue jumps 33 pct on higher subscriber addition
April 29 (Reuters) – Spotify Technology SA reported a better-than-expected 33 percent rise in first-quarter revenue, as the music streaming company racked up 100 million paid subscribers for its premium service.
Premium subscribers, which account for nearly 92 percent of its revenue, were up 32 percent for the three-months ended March from a year earlier.
Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earnings
The Fed is the big event for markets in the week ahead, although there are about 150 S&P 500 companies reporting and some major economic data, including Friday’s jobs report.
Fed Chairman Jerome Powell is expected to try to keep markets calm and stress the Fed has patience and that it will hold rates steady, but stronger U.S. data may make the central bank sound a little more hawkish than it would like, creating volatility.
Apple, Alphabet and major drug companies are among the companies reporting.