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Adobe reports Q4 revenue up 10% YoY to $4.53B, Digital Media revenue up 10% YoY to $3.3B, and Digital Experience revenue up 14% YoY to $1.15B; stock is up 5%+ (Jordan Novet/CNBC)
Jordan Novet / CNBC: Adobe reports Q4 revenue up 10% YoY to $4.53B, Digital Media revenue up 10% YoY to…
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Roblox reports November bookings up 5%-7% to $222M-$225M, far below 22% to 25% company estimates, and average bookings per DAU down 7%-9%; the stock drops 16%+ (Sofia Pitt/CNBC)
Sofia Pitt / CNBC: Roblox reports November bookings up 5%-7% to $222M-$225M, far below 22% to 25% company estimates, and…
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Five agency executives say Netflix is delivering ~80% of the expected audience for its ad-supported tier and releasing unspent ad money; stock drops 6%+ (Tim Peterson/Digiday)
Tim Peterson / Digiday: Five agency executives say Netflix is delivering ~80% of the expected audience for its ad-supported tier…
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Israel-based game developer Playtika lays off about 15% of its staff, or 600+ workers, and removes three titles from the pipeline; its stock is down ~53% YTD (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch: Israel-based game developer Playtika lays off about 15% of its staff, or 600+ workers, and removes…
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Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part of a 10-year agreement for data and cloud infrastructure (Amy Thomson/Bloomberg)
Amy Thomson / Bloomberg: Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part…
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SoftBank-backed Indian e-commerce firm Snapdeal drops its $152M IPO plans, after filing in December 2021, amid a tech stock rout (Reuters)
Reuters: SoftBank-backed Indian e-commerce firm Snapdeal drops its $152M IPO plans, after filing in December 2021, amid a tech stock…
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