Numbers: How Goldman Sachs values each Microsoft division. Todd Bishop The whole of Microsoft is currently less than the sum of its parts.
That was one of the underlying assertions in Goldman Sachs' latest report on the Redmond company, which included a case for spinning off Microsoft's video-game business to unlock what the firm sees as the true value of that division. The Goldman Sachs report, and accompanying downgrade, helped to push Microsoft shares down about 2 percent in trading today, to close at $23.91. The firm's recommendations have drawn a range of responses. Aalyst Matt Rosoff tells ComputerWorld that it would be "silly" to carve out the Xbox business, and Paul Kedrosky says that Microsoft is just as likely to "start bending spoons with its mind. " But reading through the 27-page report, it's clear that Goldman Sachs at least did its homework. Here are the valuations the analysts came up with, and their summary statements assessing the state of each division. eBay Q2 Revenue Hits $2.2 Billion, PayPal Adding One Million New Accounts Each Month.
Ebay beat the Street’s expectations for Q2 earnings, reporting profits of 40 cents a share (or $530.2 million) on revenues of $2.2 billion.
Analysts expected 3038 cents a share with revenue at $2.1 billion, Net income increased by 18 percent (excluding Skype) from the same quarter in 2009, and revenue rose by 6 percent from last year. Similar to last quarter, PayPal’s business seems to boost eBay’s results. According to eBay, PayPal delivered record second quarter performance and has been adding a million new accounts each month during the quarter. PayPal reported net income at $817 million, with total net payments volume coming in at $21.4 billion. The company generated $726.4 million of operating cash flow and $519.2 million of free cash flow during the quarter. For three consecutive quarters, PayPal’s merchant services business has grown by over 40 percent year over year. eBay CEO John Donohoe said in a release: New and interesting tidbits from the conference call: Google's Q2 Earnings Mediocre, Stock Drops (GOOG) Google Revenue Up 24% For The Year, But Only Slightly For The Quarter As Paid Clicks Fell.
Google has just announced its second quarter earnings for 2010.
Of note, revenue stood at $6.82 billion, which is an increase of 24% year-over-year. But this only represents an increase of 1% over Q1 2010. Google has a history of seeing small growth from Q1 to Q2, however. More interesting may be that net income actually fell in Q2 versus Q1 of this year. Tioga Venture Blog: Dailymotion : breakeven or not? In an interview to the French news magazine Capital, the new CEO of Dailymotion revealed some breaking news : - the company just raised 15M€ - it looks like an inside round- Dailymotion is now breakeven The first part is not really surprising and I would argue that the existing investors didn't have much choice.
The second information is much more surprising. In 2007, Dailymotion lost 14M€ on a revenue of 4,8M€ - these are the official numbers filed by the company at the 'registre du commerce'. Let's extrapolate from the interview that the revenue grew 50% both in 08 and 09 that would mean around 10M€ revenue for the full year 2009. That would be an amazing performance knowing that the internet advertising market is flat or low growth in 2008 and 09 and that the ranking of dailymotion has been dropping constantly over the last months (see below the worldwide ranking of dailymotion.com from Alexa). Frederic HALLEY. YouTube's Finances Before the Google Acquisition.
There’s no smoking gun in the YouTube-Viacom papers, but there is some great stuff.
Like these documents, which offer an unprecedented look at the finances behind the world’s most successful video site. I’m not exactly sure why Viacom dug up YouTube’s profit-and-loss statement and balance sheet from its pre-Google days, but I’m glad it did. You can see the entire thing, which covers YouTube’s birth in the spring of 2005 through August 2006, at the bottom of this post. But these excerpts give you a very good snapshot of what was going on in the company’s early days–hypergrowth, followed, eventually, by revenue (click to enlarge): Some context: Chad Hurley registered the YouTube domain in February 2005, but the site wasn’t up and running for a few more months. By December 2005, users were uploading 6,000 clips a day, and the site was streaming 2.5 million videos a day.
Which explains the skyrocketing Web-hosting bills. Youtube pl balance sheet.