Shares of Coinbase, the cryptocurrency exchange, experienced a 37% increase in the last week, coinciding with a recent upturn in bitcoin. The company is expected to present strong results in its fourth quarter report.

According to data from MarketWatch and FactSet, analysts predict a strong boost in Coinbase’s revenue for the fourth quarter, with an increase of about 22% over the third quarter, reaching $825 million.

Much of this growth is attributed to significant trading volumes, estimated to almost double from $76 billion in the third quarter to $142.7 billion in the fourth quarter.

In addition, Coinbase is expected to report earnings per share of $0.02 in the fourth quarter, which represents a positive change from the previously reported loss of $0.01 per share in the third quarter.

This increase in earnings coincides with a 16.3% increase in the price of bitcoin over the past seven days, according to data from Coinmarketcap.

On the other hand, rival trading platform Robinhood also experienced an increase in revenues during the fourth quarter, driven by cryptocurrency trading revenues, which rose 10% year-on-year.

Despite these encouraging data, some analysts are not convinced that Coinbase will be able to maintain its momentum in 2024. In a note to investors, JPMorgan analysts set a price of Coinbase’s shares down, based on the unimpressive initial performance of bitcoin spot ETF trading

K. Tovar

Source: Cointelegraph

(Reference image source: @adamantiumnews, X)

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La entrada Coinbase shares grew 37% apareció primero en Bitfinance.

Netflix reported a 20.3 % increase in revenue in 2023, reaching $5,407.9 million, and projected revenue growth of more than 10 % by 2024.

The streaming company grossed $33,723.3 million last year, 6.6 % more than in 2022, and added 260.2 million subscribers at the end of the last quarter, 12.8 % more than the previous year.

Netflix expects to earn 9.24 billion dollars in the first quarter of 2024, 13.2 % more than in the same period of 2023, and achieve a net profit of 1.976 billion dollars.

In a letter to its shareholders, Netflix stated that it has “enough room to grow as streaming expands” and that if it can “improve Netflix faster than the competition, we will have a more valuable company for consumers, creators and shareholders.”

Netflix closed the fourth quarter of 2023 with net profits of $938 million, up 1.605 % from the same quarter of 2022, and revenues of $8.833 million, up 12.5 %.

Netflix started 2024 with a “good pace” and expects its revenues to grow to double digits during the year, thanks to subscribers increase and an adjustment in the price of the service.

K. Tovar

Source: Eleconomista

(Reference image source: Ventil Views, Unsplash)

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La entrada Netflix profits grew in 2023 apareció primero en Bitfinance.

The semi-annual report issued by the technological giant Huawei reflects revenues of more than 44,000 million dollars between January and June 2022, with which the company accumulates a net profit of 5 %.

The Chinese firm specializes in three key areas of the technology market: support, devices and business. In the first sector, Huawei reached 142.7 billion yuan; in the area of ​​devices, revenue was 101.3 billion yuan and the third sector – business – profit was 54.7 billion yuan.

The semi-annual report of the leading Chinese company in the technology market, but which has not been exempt from sanctions and crises, reflects moderate and constant growth.

Huawei rotating Chairman Ken Hu said: “In the future, we will take advantage of the trends in digitization and decarbonization to continue to create value for our customers and partners, and ensure quality development.”

M.Pino

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Source: xinhuanet

La entrada Huawei exceeds $ 44,000 million revenues in the first half of 2022 apareció primero en Bitfinance.

The web portal Podnews published a document that narrates in detail the plans that the main video platform YouTube has to venture into the podcast business and launch a new home page, a youtube.com/podcasts URL and compete with Apple Music or Spotify.

According to the information, YouTube is also thinking about the possibility of “incorporating audio ads, both those sold by Google and those of other sponsors. Revenue from these ads may be shared between the platform and the publishers of the podcasts.”

The document titled “Looking Ahead” is not the first pointer the company has given for breaking into podcasts. Last October, the platform hired an executive with experience in the area who will be in charge of directing efforts in this area. Later, in March 2022, the company offered money to some major podcast creators to record them on video and upload it to the platform.

YouTube methods for podcasts

The document describes YouTube’s plans for podcasts, as well as content monetization strategies. The company plans to offer analytics, particularly for new audio show producers just getting started with content creation on the platform.

In addition, the company is “developing a series of specific metrics and statistics for audio products, with the intention of integrating the data generated by YouTube within the standards established by the podcast industry.”

If the plans continue and YouTube decides to enable a tab dedicated to podcasts on its website, it would not be the first time that the platform has done something similar. In 2015, YouTube launched YouTube Gaming and in 2019 it authorized the Fashion & Beauty tab, and created YouTube Music, as a response to Spotify and Apple Music in terms of music streaming.

M. Rodríguez

Source: marketing4ecommerce.net

La entrada YouTube could enter the podcasts business apareció primero en Bitfinance.

The Chemical and Mining Society of Chile (SQM) recorded a net profit of 585.5 million dollars in the 2021 financial year, which means multiplying by more than three times the profits recorded a year earlier, as reported by the company in its income statement.

The group’s CEO, Ricardo Ramos, explained that the good performance of 2021 is mainly due to the rise in commodity prices and a greater demand for lithium in the global market of approximately 55 %.

“We believe that demand for electric vehicles more than doubled globally last year compared to 2020, with China accounting for around 50 % of electric vehicle sales worldwide,” Ramos explained.

Increase in sales volumes

The higher sales volumes and prices of raw materials boosted the turnover of the lithium producer by 57.5%, to 2,862 million dollars. Revenues grew in the production of lithium and derivatives (+144 %), fertilizer products (+29.5 %), iodine and derivatives (+31 %) and potassium chloride and sulfate (+99 %).

The costs associated with production stood at 1,558 million dollars, 38 % more; resulting in a gross result of 1,090 million dollars, more than double that of 2020.

The CEO of the company has underlined that SQM expects to continue growing in lithium production, for which the board has approved a plan of 250 million to increase SQM’s capacity to 210,000 metric tons of lithium carbonate and 40,000 tons of lithium hydroxide.

Source: dpa

La entrada Lithium producer SQM obtains benefits over $ 585 million apareció primero en Bitfinance.

Grupo Bimbo recorded a net benefit attributed from almost 700 million dollars during 2021, which corresponds to an increase of 74.7 % with respect to profits accounted for one year earlier and more than double compared to 2019.

The President of the Board and General Director of the Company, Daniel Servitje, highlighted in the quarterly account report the year “exceptional” for the company, period in which he recorded record figures on sales, volumes and benefit “in a complex operating environment.”

“These results reflect the arduous work of our teams, the solid execution of our plans and strategies our wide diversification and the strength of our brands”, Servitje added.

During 2021, the company’s net sales amounted to almost 16,000 million dollars, 5.4 % more than in 2020 and 19.5 % more than in 2019. Good business performance is explained by widespread growth in all Markets except in North America, where, however, billing was barely reduced by 0.1 %.

The market that grew the most was that of Europe, Asia and Africa, with a year-on-year rebound of 13.9 %, up to 1.5 billion dollars that prompted the region as the third market of the group ahead of Latin America.

Source: dpa

La entrada Bimbo boosted its benefit during 2021 apareció primero en Bitfinance.