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Twitter says abuse reports have fallen by 16 percent
Twitter's attempts to improve the "health" of its conversation are paying dividends, according to the company's latest financial figures. The company is reporting a 16 percent fall in the number of abuse reports year on year, and a commensurate surge in profitability. In the last three months, Twitter pulled in revenues of $909 million, coining a tidy $255 million net profit.
TiVo shows a Q1 net loss of $20.8 million, will launch TV Everywhere web portal soon
TiVo has released its financial results for Q1 2013, and right off the bat they show a wider than expected net loss of $20.8 million. This is despite a rise in revenue and subscribers (driven mostly by Virgin Media, which added 242,000), and the company expects another loss in the second quarter due to rising litigation costs in its ongoing cases against Motorola and Time Warner Cable. We've already heard about TiVo's new Stream placeshifting box, IP multiroom extender and six-tuner XG1 gateway, but the new product news is a plan to launch TV Everywhere streaming. The first cable operator joining in the new venture will be RCN, and TiVo says its portal will allow providers using its DVRs to deliver streaming video in or out of the home, with video on-demand and remote DVR scheduling on PCs, tablets and mobile devices. That's expected to launch later this year, but for all the details, numbers and quotes you can check the press releases after the break.
Sony's final 2011 report shows a record net loss, optimism for 2012
After a slew of bad news and drastically restated projections, Sony has reported the numbers for its full 2011 financial year and as expected, they're not good. The company experienced a record net loss of 456.7 billion yen ($5.73 billion) and an operating loss of 67.3 billion yen. The good news to look forward to however, is that it currently expects an operating profit of 180 billion yen for next year. For the year, it also noted sales of 13.9 million units for the PlayStation 3, 6.8 million PSPs/PS Vitas, 19.6 million LCD TVs and 21 million cameras. Next year, Sony is looking to move 16 million PS3s and 33 million smartphones. New CEO Kaz Hirai has detailed the "One Sony" strategy he hopes will bring the company back to financial health but with its current worth standing at just a fraction of competitors like Samsung and Apple (Reuters pegs it at 10 percent and 3 percent, respectively), the electronics giant has a long, long way to go. Hit the source link below for more dirty financial details, slideshows and spreadsheets.
