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The Latest Breaking News from Justin Patterson

Alphabet’s Q2 Results Beat Expectations, Driven By Strong Cloud Business

Google Properties' growth expected to rebound and YouTube Shorts surges, fueling optimism for long-term AI-driven growth.

Zenger

Is Meta's Threads App A 'Twitter Killer'? Social Media Users Debate New Service

Wall Street analysts and social media users on Thursday debated whether Meta's Threads app is a threat to Twitter.

Investors Business Daily

Why Lyft's Quarter-To-Quarter 'Bumpiness' Could Hurt Stock: 7 Analysts Break Down Q3 Earnings

Ride share company Lyft Inc (NASDAQ: LYFT) reported third-quarter financial results after hours Monday.

Benzinga

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Airbnb Is 'Solid': 7 Analysts Offer Takeaways On Q3 Print

Although Airbnb Inc (NASDAQ: ABNB) reported upbeat third-quarter results, with revenue of $2.88 billion and earnings of $1.79 per share, analysts slashed price targ

Benzinga

Pinterest Only Social Media Asset Likely To See Double-Digit Revenue Growth, Margin Expansion In 2023, Says Analyst; How Minnow Outdid Bigger Rivals In Q3

After all the tech bloodbath, it was a refreshing sight to see a social media stock rally hard following its quarterly results.

Benzinga

Meta's Investment Plans Spook Investors And Analysts — 3 Reasons Why KeyBanc Downgraded Stock

Meta Platforms Inc.

Benzinga

11 Alphabet Analysts On Q3 Earnings Miss, Surprise YouTube Revenue Decline

Alphabet, Inc.

Benzinga

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7 Snap Analysts On Q3 Sales Miss: 'Meaningful Competition From TikTok'

Snap Inc (NYSE: SNAP) shares traded lower by 30% on Friday after the company disappointed Wall Street with its third-quarter numbers.

Benzinga

Netflix Investors Hit The Buy Button After Q3 Earnings, But Analysts Are Cautious On Ad-Supported Plan: Here's Why

Shares of Netflix Inc (NASDAQ: NFLX) rose sharply Tuesday after the market close after the streaming giant reported third-quarter financials

Benzinga

Elon Musk Twitter Case Deposition Delayed, FTX US Goes Shopping, Spotify's Analyst Sees Audiobooks Immaterial: Top Financial Media Stories Tuesday, Sept. 27

Bloomberg

Benzinga

Will Netflix's Cheaper, Ad-Subsidized Service Boost Its Fortunes?

Facing declining subscribers, Netflix hopes a new, advertising-subsidized service level will put it on the growth path again.

Investors Business Daily

5 Snap Analysts React To Restructuring Plan: 'Attractive Opportunity For Long-Term Holders'

Snap Inc (NYSE: SNAP) shares traded higher by 15% on Wednesday after the social media giant disclosed in a new filing that it will be restructuring its business and laying off 20% of its staff.

Benzinga

Can PubMatic Weather Macro Issues? Analysts Remain Bullish Citing Potential Growth Opportunities

Here is what analysts are saying about digital advertising company PubMatic Inc.

Benzinga

Airbnb's Q2 Performance Was Good But Analysts Remain Wary Of Q3 Due To Uncertain Macros

Airbnb, Inc (NASDAQ: ABNB) reg

Benzinga

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Benzinga

Why Pinterest Analysts Are Buying The Story: 'Better-Than-Feared' Q2, New CEO And More

Pinterest reported second-quarter financial results after the close Monday and saw shares jump on the report and guidance that calls for mid-single digit year-over-year growth for the third quarter. Here’s what analysts had to say about earnings and new CEO Bill Ready.

Benzinga

These 7 Analysts Have Very Different Takeaways From Alphabet's Q2 Print

Google-parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) reported quarterly revenue at $69.7 billion, up 13% year-over-year but short of Street expectations of $69.88 billion.

Benzinga

8 Snap Analysts React To Q2 Earnings Miss: 'Not Snapping Back Anytime Soon'

Snap Inc (NYSE: SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.

Benzinga

Benzinga Before The Bell: Baidu Beats Tesla, Finland Sells $47.5M Bitcoins, Tesla's Bitcoin Sale And Other Top Financial Stories Thursday, July 21

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Benzinga

8 Netflix Analysts React To Q2 Earnings Beat, Subscriber Guidance, Ad-Supported Tier

Netflix, Inc. (NASDAQ: NFLX) shares gained 7.1% on Wednesday after the company reported better-than-expected subscriber losses in the second quarter and detailed plans to launch a new, low-cost, ad-supported subscription tier.

Investors Business Daily

Wall Street Analysts Clash Over Netflix Stock After Q2 Earnings

Analysts debated whether Netflix stock is on the comeback trail following the company's mixed second-quarter earnings report.

Benzinga

Pinterest Analyst Says Elliott Management's Impact 'Could Be Limited': What Investors Should Know

Pinterest Inc (NYSE: PINS) rallied 14.8% on Friday following reports that activist investor Elliott Management has taken a 9% stake in the company.

Benzinga

KeyBanc Sees Trade Desk Gaining Out Of EU Crackdown On Alphabet, Meta

Given continued scrutiny on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META), KeyBanc sees a higher probability of regulators requiring walled gardens to open up inventory to demand side platforms (DSPs). Analyst Justin Patterson sees a ~50% probability of Alphabet making concessions on AdTech to the EU, which could prompt similar actions by Meta. Also…

Benzinga

3 Reasons Why This Analyst Thinks A Netflix-Roku Deal Will Not Materialize

Streaming equipment maker Roku, Inc. (NASDAQ: ROKU) rallied on Wednesday following a report that said the company is in talks to be acquired by Netflix, Inc.

Benzinga

4 Things This Spotify Analyst Expects At First Investor Event Since 2018 Direct Listing

Shares of music streaming service Spotify Technology SA (NYSE: SPOT) have lost half of their market capitalization year-to-date. Here's what one bull analyst is saying ahead of an investor event next week.

Investors Business Daily

'Stranger Things' Return Isn't Boosting Netflix Subscriber Count: Analyst

The return of hit Netflix series "Stranger Things" doesn't appear to be attracting many new subscribers, a Wall Street analyst says.

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