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Netflix's net income leaps to $3.1 billion - The Economic Times

Economic Times

Economic Times · 21d ago

Netflix's net income leaps to $3.1 billion - The Economic Times

Netflix reported a strong second quarter with $11.1 billion in revenue and $3.1 billion in net income, exceeding Wall Street expectations. Viewers streamed over 95 billion hours in the first half of 2025, and the company earned 120 Emmy nominations. Netflix plans to reboot "Star Search" and continue expanding its live programming. With increased viewership and revenue forecasts, the streaming giant remains a major player in the industry.

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Netflix shares rise as rosy outlook calms investors' nerves amid tariff fears

Economic Times

Economic Times · 3m ago

Netflix shares rise as rosy outlook calms investors' nerves amid tariff fears

Netflix's shares rose by about 3% after its optimistic annual revenue outlook eased investor concerns over potential economic downturns due to tariff issues. Co-CEO Greg Peters highlighted the company's resilience during downturns and noted no significant changes in customer behavior. Netflix reaffirmed its 2025 revenue forecast between $43.5 billion and $44.5 billion. Analysts anticipate strong growth in Netflix's advertising business, with high long-term prospects, despite current economic challenges. Several brokerages have raised Netflix's price target.

India sees 58% surge deal values, fueled by big-ticket transactions: Grant Thornton

IndianStartupNews

IndianStartupNews · 1y ago

India sees 58% surge deal values, fueled by big-ticket transactions: Grant Thornton

According to the Grant Thornton Bharat Dealtracker July 2023, India Inc experienced the effects of evolving economic conditions. Recording 95 deals amounting to USD 3.1 billion, July 2023 reflects a calculated strategy in the business world.

Clay valued at $3.1 billion in latest fundraise as AI continues to run hot - The Economic Times

Economic Times

Economic Times · 3d ago

Clay valued at $3.1 billion in latest fundraise as AI continues to run hot - The Economic Times

AI startup Clay has raised $100 million in its latest funding round, valuing it at $3.1 billion. The investment was led by CapitalG, the independent growth fund of Google-parent Alphabet, showing industry support for Clay's offerings. This fundraising brings Clay's total funding to $204 million, as investors continue to actively fund artificial intelligence companies.

China's Alibaba says annual revenue up 6% year-on-year

Economic Times

Economic Times · 2m ago

China's Alibaba says annual revenue up 6% year-on-year

Alibaba reported a 6% increase in annual revenue, totaling 996.3 billion yuan, amid positive momentum in China's tech sector despite ongoing economic challenges. Net income for ordinary shareholders rose by 62%. The Hangzhou-based company's operations include retail, digital payment, AI, and entertainment. The recent growth is attributed to a strategic focus on user-centric, AI-driven initiatives. This resurgence follows a fluctuating share price influenced by investor interest in Chinese AI advancements and global trade tensions.

Long live cash! Even as cashless is in - The Economic Times

Economic Times

Economic Times · 1m ago

Long live cash! Even as cashless is in - The Economic Times

Despite the rise of digital payments in India, cash demand remains strong due to factors like economic growth, inflation, demographics, rural income recovery, and financial exclusion. Older generations prefer cash, while reverse migration and policy shifts further fuel currency circulation. Economic growth supports both cash and cashless transactions, though gradual shifts in behavior due to urbanization and technology access are anticipated. Globally, cash demand is rising, influencing Indian currency circulation, both domestically and internationally.

ET Graphics | Realty funding flows in India thin

Economic Times

Economic Times · 1m ago

ET Graphics | Realty funding flows in India thin

Investment activity in India's real estate sector slowed in the first half of 2025 due to global economic challenges and political uncertainties, leading to delayed transactions. Despite a 37% year-on-year decline, institutional investments remained resilient, with over $3.1 billion invested across 30 deals. While foreign investment remains dominant, the housing sector outpaced office spaces. The market's resilience is maintained by active institutional investors across key asset classes, despite the downward trend.

Microsoft’s gaming revenues overtake Windows thanks to Activision Blizzard

Ycombinator

Ycombinator · 1y ago

Microsoft’s gaming revenues overtake Windows thanks to Activision Blizzard

Microsoft has posted its second-quarter fiscal financial results for 2024, reporting a revenue of $62 billion and a net income of $21.9 billion. With revenue up 18% and net income increasing by 33%, this is also the first quarter in which Microsoft is reporting earnings as a $3 trillion company. The gaming division, bolstered by the recently acquired Activision Blizzard, has become Microsoft's third-largest business. Office and cloud services remain the company's top revenue contributors, while Surface sales continue to decline.

TSMC unit TSMC Global acquires fixed-income securities for $12 million - The Economic Times

Economic Times

Economic Times · 1m ago

TSMC unit TSMC Global acquires fixed-income securities for $12 million - The Economic Times

TSMC Global, a subsidiary of Taiwan Semiconductor Manufacturing Company, has acquired $12 million in fixed-income securities. This investment is part of TSMC’s strategy to manage cash reserves prudently amid global economic uncertainties and evolving semiconductor industry dynamics.

Some of the world's biggest cloud computing firms want to make millions of servers last longer — doing so will save them billions of dollars every year

Techradar

Techradar · 1y ago

Some of the world's biggest cloud computing firms want to make millions of servers last longer — doing so will save them billions of dollars every year

Tech giants such as Alphabet, Amazon, and Cloudflare are finding ways to extend the lifespan of their server equipment, resulting in billions of dollars in savings. Alphabet, for example, saved $3.9 billion in depreciation costs and increased net income by $3.0 billion by extending the lifespan of its servers. Amazon and Cloudflare have also followed suit, with Amazon expecting to contribute $900 million to net income and Cloudflare saving $20 million through this strategy. This move not only reduces costs but also highlights advancements in hardware technology and data center designs.

Apple bids for Formula 1 rights in US: Financial Times - The Economic Times

Economic Times

Economic Times · 1m ago

Apple bids for Formula 1 rights in US: Financial Times - The Economic Times

Apple is in talks to acquire exclusive U.S. broadcasting rights for Formula 1, challenging current broadcaster ESPN. This follows the success of Apple's film "F1: The Movie" and aims to capitalize on the growing popularity of F1 in the U.S., partly due to Netflix's series "Formula 1: Drive to Survive." Netflix is also a contender for these rights when ESPN's exclusivity expires. The final decision remains pending.

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