Home News Google had an excellent quarter – TechCrunch

Google had an excellent quarter – TechCrunch


Google releases its newest earnings report, Spotify is on the brink of elevate costs and Excel will get friendlier to customized knowledge sorts. That is your Every day Crunch for October 29, 2020.

The large story: Google had an excellent quarter

Google’s mum or dad firm Alphabet launched its third-quarter earnings report this afternoon, coming in well ahead of Wall Street expectations thanks largely to YouTube, which noticed income rise to $5.0 billion (in comparison with $3.8 billion throughout Q3 2019).

Google Cloud additionally grew income from $2.4 billion final 12 months to $3.44 billion in the newest quarter. General, Alphabet reported income of $46.2 billion and earnings per share of $16.40, in comparison with analyst predictions of $42.88 billion in income and EPS of $11.21.

The corporate’s shares shortly rose 8.5% in after-hours buying and selling.

The tech giants

Spotify CEO says company will ‘further expand price increases’ — Though the corporate didn’t element its plans, CEO Daniel Ek stated the hikes will happen in markets which are extra mature for Spotify.

Microsoft now lets you bring your own data types to Excel — Which means you’ll be able to have a “buyer” knowledge kind, for instance, bringing in wealthy buyer knowledge from a third-party service into Excel.

Why Apple’s Q4 earnings look different this year — With Apple’s newest iPhone launch operating just a few weeks behind this 12 months, it missed the window to be included on This fall.

Startups, funding and enterprise capital

Donut launches Watercooler, an easy way to socialize online with co-workers — The startup additionally introduced that it has raised $12 million in complete funding, led by Accel.

One-click housing startup Atmos raises another $4M from Khosla, real estate strategics and TikTok star Josh Richards — In response to CEO Nick Donahue, customers have began designing the “first dozen properties” on the platform.

Commissary Club wants to help formerly incarcerated people find community —  Whereas 70 Million Jobs focuses on serving to folks with felony information discover jobs, its new community Commissary Membership is designed to be a spot for folk to search out neighborhood.

Recommendation and evaluation from Additional Crunch

VCs poured capital into European startups in Q3, but early-stage dealmaking appeared to suffer — The VC tendencies of later and bigger proceed to vary the panorama of personal capital.

In the ‘buy now, pay later’ wars, PayPal is primed for dominance — Button’s Stephen Milbank writes that the best limitation to buy-now-pay-later adoption is its availability.

Twitter’s API access changes are chasing away third-party developers — On August 12, Twitter launched a whole rebuild of its 2012 API.

(Reminder: Additional Crunch is our membership program, which goals to democratize details about startups. You can sign up here.)

All the things else

Europe to limit how big tech can push its own services and use third-party data — Fee EVP Margrethe Vestager confirmed {that a} legislative proposal due in just a few weeks will intention to ban what she known as “unfair self-preferencing.”

Comcast says Peacock has nearly 22M sign-ups — Nevertheless it’s not clear what number of of them are paid versus free.

Tech optimism…in this economy? — The most recent episode of Fairness seems to be at massive startup alternatives for the approaching decade.

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