Tammy Parker
Monica Paolini
Peter Jarich
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Company News & Earnings
Latest Headlines
Latest Headlines
Millennial Media: We're not threatened by Facebook, Twitter's ad efforts
Millennial Media reported revenues of $49.4 million for the first quarter of 2013, a year-over-year increase of 50.1 percent. Around 18 percent of the company's revenue came from outside the United States.
EA's 'Simpsons: Tapped Out' revenues approaching $50M since launch
Electronic Arts reported fiscal fourth quarter revenues of $1.04 billion, up from $977 million in the year-ago period. Revenues from mobile games, online offerings and other digital channels increased 45 percent year-over-year to $618 million.
U.S. Cellular, Shentel expand LTE footprint in Q1
Tier 2 and Tier 3 operators such as U.S. Cellular ( NYSE:USM ), Shenandoah Telecommunications and Alaska Communications revealed the latest expansions to their LTE footprints during first quarter earnings calls. These small operators are in a rush to expand LTE coverage to keep up with their Tier 1 counterparts.
Glu cuts 12% of workforce, delays release of planned games
Glu Mobile said it would cut 12 percent of its workforce, or around 67 employees. The actions will leave the company with around 564 employees. However, Glu said the job cuts are part of an effort to centralize and streamline the production of games, and the company continues to hire new employees in specific functions. As a result, Glu said it expects to end 2013 with 580 employees.
Facebook: Mobile now generates 30% of advertising revenues
Facebook announced revenue of $1.46 billion in the first quarter, an increase of 38 percent year-over year, meeting analyst expectations. Of that, revenue from advertising was $1.25 billion. The company said that 30 percent of its advertising revenue now comes from mobile, up from 23 percent in the previous quarter.
Alcatel-Lucent's new CEO faces cash flow challenge
Restructuring costs and a wait for payments on commercial contracts slammed Alcatel-Lucent's cash flow figure, as the company burned through $694 million in cash during 2013's first quarter, worsening the year-earlier free cash flow loss of nearly $211 million.
Apple CEO Cook: Mobile payment technology still 'in its infancy'
Don't look for Apple to roll out mobile payment services anytime soon: The segment is still not ready for primetime, according to comments made Tuesday by the computing giant's CEO Tim Cook.
Ericsson shines in North America, but restructuring nails earnings
Despite a 2 percent year-over-year uptick in sales, the impact of restructuring led Ericsson's first-quarter 2013 income to plummet 86 percent from the prior-year period to $181.43 million.
eBay adds 2.8M new customers via mobile in Q1
eBay added roughly 2.8 million new customers through its mobile applications during the first quarter of 2013, with downloads of those apps now topping 162 million since late 2008.
Electronic Arts ditches premium model for free-to-play mobile games in 2013
Electronic Arts has no plans to release any new premium-download mobile games in 2013 and will instead focus its efforts exclusively on the free-to-play model.
