Black Friday: Get 6 months on us. (That's $200 off.)

The NYSE on Thursday, March 12, 2020. Photo by Bloomberg
Amazon Google Apple

The Information’s Tech Earnings Cheat Sheet

Photo: The NYSE on Thursday, March 12, 2020. Photo by Bloomberg

The first detailed indication of how the pandemic has affected the tech and media industry so far will come next week, as companies start reporting quarterly results. The picture will be mixed: Apple’s revenue is expected to fall, while analysts expect revenue growth at Facebook and Alphabet to slow somewhat but still reach 18% and 14%, respectively. 

That’s a reflection of when the pandemic began affecting their businesses. While supply disruptions in China affected Apple early in the quarter, the impact of lockdown orders in the U.S. didn't hit until midway through March, triggering a sharp economic slump. For the two ad-driven tech giants, the second quarter will show the full impact. Twitter, though, is expected to show a drop in revenue in its first quarter results, a sign that the ad downturn is hitting it particularly badly.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing Crypto Enterprise
Salesforce’s Pretend Co-CEO Arrangement
Marc Benioff. Photo by Bloomberg.
Marc Benioff has redefined the term co-CEO. As The Information reported earlier today, Bret Taylor, newly named co-CEO of Salesforce, will continue reporting to Benioff, his fellow co-CEO. So instead of the term meaning two leaders on equal terms, it now just means two people who work with each other in a boss-subordinate relationship. At this rate, Salesforce could give the co-CEO label to its...
Latest Briefs
 
Grab to Launch Biggest Debut of Southeast Asian Company on Nasdaq
India’s Ride-Hailing App Ola Plans IPO in First Half of 2022
Apple Warns Suppliers of Slowing Demand for iPhones
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Gift Hunting E-commerce
The Information’s Top Tech-Adjacent Gifts for 2021
This year, there is no shortage of material—and immaterial—ways to show people you care.
BuzzFeed CEO Jonah Peretti. Photo by Bloomberg.
Exclusive Media/Telecom Markets
BuzzFeed’s Commerce Slowdown Undercuts Its Investor Pitch Ahead of Stock Listing
When BuzzFeed unveiled its planned deal to go public last June, its pitch to investors centered around the high growth potential of its commerce business.
Fireblocks CEO Michael Shaulov. Sequoia Capital is investing in the crypto custodian, one of a trio of recent crypto deals by the VC firm.  Photo: Saffello.
Exclusive
Sequoia Capital’s Crypto Frenzy Intensifies With Three New Deals
Sequoia Capital, Andreessen Horowitz and crypto trading firm FTX are co-leading an investment of more than $100 million in LayerZero Labs, a 10-month-old crypto firm that has yet to launch its product publicly, at a $1 billion valuation, according to two people familiar with the deal.
Illustration by Jesus Escudero.
Market Research Media/Telecom Startups
Livestream Shopping Is a Messy, Maddening Experience (for Now)
Holiday gift buying is hell. It always has been, and likely always will be, an anxiety-fueled decision tree that no machine-learning algorithm can solve.
Art by Haejin Park. Photo by iStock.com/Renphoto. Stickers by Giphy.
Parentverse
Should You Start Concealing Your Children’s Faces on Social Media?
Welcome to the first installment of Parentverse, TI Weekend ’s new advice column for tech-savvy parents raising kids in a tech-dependent world.
SoFi CEO Anthony Noto. Photo by Bloomberg. Art by Mike Sullivan
Exclusive Crypto Venture Capital
‘Winner-Take-Most’: Anthony Noto’s Ambitions for SoFi Take Shape
Anthony Noto has long had a knack for grabbing attention. When he was a top executive at Twitter, Noto struck a deal with the NFL to air Thursday night games, thrusting the social media service into the streaming market, to the surprise of even many Twitter employees, according to people who worked there at the time.