revenues

Twitter ad revenue should near $1B next year, researcher says

Twitter's ad revenue is soaring, and a big reason for that is mobile, a market research firm said today.

eMarketer estimates Twitter will earn $582.8 million in global ad revenue this year, $950 million next year, and $1.33 billion in 2015. According to its boosted forecast, more than half of Twitter's ad revenue -- about 53 percent -- will come from mobile advertising this year, up from virtually no ad revenue from mobile in 2011.

And mobile is where Twitter will see the most growth over the next two years, eMarketer said. By 2015, more than … Read more

HTC sales plunge even further in February

Things continue to look grim for HTC.

The handset maker reported that its sales in February fell 44 percent to 11.3 billion New Taiwan dollars (US$380.4 million) from a year ago, the lowest level in three years. On a month-over-month basis, sales had fallen 27 percent.

HTC is hoping the company has hit bottom. The new One flagship smartphone is poised to hit markets toward the end of this month, which should revive some of its results. In addition, the first quarter is typically a tough one for handset vendors, many of which come off a strong … Read more

Facebook served new lawsuit over bungled IPO

Just when it seemed like the Facebook shareholder lawsuits were easing up, the social network has been hit with a new IPO suit.

Investor Gaye Jones filed a new case against Facebook Chief Executive Mark Zuckerberg and the company's underwriters today, according to Reuters. Like several other investors that have sued Facebook, Jones claims that the social network knew about its weak revenue trends before its IPO but failed to disclose this information.

"The defendants were unjustly enriched because they realized enormous profits and financial benefits from the IPO, despite knowing that reduced revenue and earnings forecasts for … Read more

Dell beats Wall Street estimates

Dell's fourth-quarter results were carried by enterprise gear such as servers and networking, but the consumer business tanked.

The company, which recently announced plans to go private in a leveraged buyout, reported earnings of $530 million, or 30 cents a share, on revenue of $14.31 billion, down 11 percent from a year ago. Non-GAAP earnings in the fourth quarter were 40 cents a share.

Wall Street was expecting fourth-quarter earnings of 39 cents a share on revenue of $14.12 billion.

For fiscal 2013, Dell reported earnings of $2.37 billion, or $1.35 a share, on revenue … Read more

Judge tosses some shareholder suits over Facebook's IPO flop

Things may be looking up for Facebook in the dozens of lawsuits it's facing from peeved shareholders over its botched initial public offering.

U.S. District Judge Robert Sweet ruled in favor of Facebook today and dismissed a group of these cases, according to the Wall Street Journal.

The social network became embroiled in this extensive legal battle shortly after its $16 billion IPO last May. The company's stock opened on the Nasdaq priced at $38 a share and, aside from a slight uptick right at the start, proceeded to plummet in the days and weeks following. Defendants … Read more

AOL revenue rises for first time in eight years

AOL eked out just a 4 percent gain in sales last quarter, but it was the first sign of revenue growth in the past eight years.

For the final quarter of 2012, the company took in revenue of $599 million, rising from $576 million in the year-ago quarter and beating analyst estimates of $573 million, according to Reuters.

AOL attributed the gain to a boost in sales from its global advertising, which grew by 13 percent from a year ago. Ad revenue from third-party networks jumped by 31 percent, while search revenue increased by 17 percent.

On the downside, subscription … Read more

Twitter shuffles top execs, names new COO and CFO

Twitter CEO Dick Costolo confirmed via tweet today that the massive social network is now being headed by a new chief operating officer and chief financial officer.

Ali Rowghani moves into the COO position from his previous post of CFO at Twitter. Rowghani has been with the social network since 2010, when he joined the company after serving as CFO for the Disney-owned Pixar Animation Studios. According to AllThingsD, Rowghani is known for multi-tasking at the social network and contributing to Twitter's Promoted Suite of ad products.

Mike Gupta moved into Rowghani's former position after working as the … Read more

Google saves $2B in taxes by sheltering $10B in revenue in Bermuda

Google avoided about $2 billion in global income taxes last year by shifting $9.8 billion in revenue into a Bermuda shell company, Bloomberg reported.

That level is almost double the total from three years ago, Bloomberg said, citing a November 21 regulatory filing by a Google subsidiary in the Netherlands. And it allowed Google to cut its overall tax rate almost in half.

Google's action -- moving about 80 percent of its total pretax profit from 2011 to tax-free Bermuda -- isn't illegal. On the contrary, many companies have taken similar steps in recent years to avoid … Read more

Washington Post said to add paywall for online news

It's looking like one of the last vestiges to provide free online national news may be coming to a close. Joining its other paywall comrades, the Washington Post is said to start charging for its online content in 2013, according to the Wall Street Journal.

Inside sources told the Journal that the details are still being ironed out, but most likely the D.C. paper will start charging a subscription fee by next summer.

It's no secret that the newspaper industry is in dire straights. Several papers, like the Rocky Mountain News, have gone belly up and many … Read more