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23700 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
One resident named Sara said she and her family “could be detected as if the cameras were just in our house … we couldn’t feel at home in our own house and had to be fully dressed all the time.”
Surveillance cameras now cover the Damascus Gate, the main entrance into the old city of Jerusalem and one of the only public areas for Palestinians to gather socially and hold demonstrations. It’s at that gate that “Palestinians are being watched and assessed at all times”, according to an Amnesty International report, Automated Apartheid. These cameras have created a chilling effect on not just the ability to protest but also on the daily lives of Palestinians who live under occupation, according to Amnesty investigators. The organization had previously concluded that Israel has established a system of apartheid against Palestinians.
Among the vendors behind these surveillance cameras is a company that has been accused of aiding what the US has categorized as a genocide: Hikvision. Based in Hangzhou, China, the company is one of the world’s largest makers of video surveillance equipment. |
23701 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
It’s at that gate that “Palestinians are being watched and assessed at all times”, according to an Amnesty International report, Automated Apartheid. These cameras have created a chilling effect on not just the ability to protest but also on the daily lives of Palestinians who live under occupation, according to Amnesty investigators. The organization had previously concluded that Israel has established a system of apartheid against Palestinians.
Among the vendors behind these surveillance cameras is a company that has been accused of aiding what the US has categorized as a genocide: Hikvision. Based in Hangzhou, China, the company is one of the world’s largest makers of video surveillance equipment. Already infamous among international human rights groups, it has been blacklisted by the US and identified by the UK as a security threat for being complicit in China’s repression of the Uyghur ethnic minority. |
23702 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
It’s at that gate that “Palestinians are being watched and assessed at all times”, according to an Amnesty International report, Automated Apartheid. These cameras have created a chilling effect on not just the ability to protest but also on the daily lives of Palestinians who live under occupation, according to Amnesty investigators. The organization had previously concluded that Israel has established a system of apartheid against Palestinians.
Among the vendors behind these surveillance cameras is a company that has been accused of aiding what the US has categorized as a genocide: Hikvision. Based in Hangzhou, China, the company is one of the world’s largest makers of video surveillance equipment. Already infamous among international human rights groups, it has been blacklisted by the US and identified by the UK as a security threat for being complicit in China’s repression of the Uyghur ethnic minority.
The presence of Hikvision cameras in the West Bank was first revealed in the May report by Amnesty, which documented facial-recognition and surveillance-camera technology that the human rights organization concluded is being used to reinforce Israel’s occupation of the West Bank in an act of “digital repression”. |
23703 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The organization had previously concluded that Israel has established a system of apartheid against Palestinians.
Among the vendors behind these surveillance cameras is a company that has been accused of aiding what the US has categorized as a genocide: Hikvision. Based in Hangzhou, China, the company is one of the world’s largest makers of video surveillance equipment. Already infamous among international human rights groups, it has been blacklisted by the US and identified by the UK as a security threat for being complicit in China’s repression of the Uyghur ethnic minority.
The presence of Hikvision cameras in the West Bank was first revealed in the May report by Amnesty, which documented facial-recognition and surveillance-camera technology that the human rights organization concluded is being used to reinforce Israel’s occupation of the West Bank in an act of “digital repression”. Amnesty surveyed two West Bank neighborhoods, East Jerusalem and Hebron, where Israeli settlers have set up homes in violation of international law, and found that facial-recognition systems “are providing the Israeli authorities with powerful new tools for curbing freedom of movement … adding further layers of technological sophistication to the system of apartheid that Israel is imposing on Palestinians”. |
23704 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Based in Hangzhou, China, the company is one of the world’s largest makers of video surveillance equipment. Already infamous among international human rights groups, it has been blacklisted by the US and identified by the UK as a security threat for being complicit in China’s repression of the Uyghur ethnic minority.
The presence of Hikvision cameras in the West Bank was first revealed in the May report by Amnesty, which documented facial-recognition and surveillance-camera technology that the human rights organization concluded is being used to reinforce Israel’s occupation of the West Bank in an act of “digital repression”. Amnesty surveyed two West Bank neighborhoods, East Jerusalem and Hebron, where Israeli settlers have set up homes in violation of international law, and found that facial-recognition systems “are providing the Israeli authorities with powerful new tools for curbing freedom of movement … adding further layers of technological sophistication to the system of apartheid that Israel is imposing on Palestinians”.
The Amnesty report identified dozens of Hikvision devices in the old city in East Jerusalem, nearly 40 of which were found on security infrastructure and illegal settlements in the Silwan neigborhood. |
23705 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The presence of Hikvision cameras in the West Bank was first revealed in the May report by Amnesty, which documented facial-recognition and surveillance-camera technology that the human rights organization concluded is being used to reinforce Israel’s occupation of the West Bank in an act of “digital repression”. Amnesty surveyed two West Bank neighborhoods, East Jerusalem and Hebron, where Israeli settlers have set up homes in violation of international law, and found that facial-recognition systems “are providing the Israeli authorities with powerful new tools for curbing freedom of movement … adding further layers of technological sophistication to the system of apartheid that Israel is imposing on Palestinians”.
The Amnesty report identified dozens of Hikvision devices in the old city in East Jerusalem, nearly 40 of which were found on security infrastructure and illegal settlements in the Silwan neigborhood. The devices were “operated by Israeli police and by private settlers” and were “mounted to military infrastructures and residential areas in and around the old city of East Jerusalem, in particular Damascus Gate, the Armenian quarter, the Muslim quarter, and Silwan”. |
23706 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Amnesty surveyed two West Bank neighborhoods, East Jerusalem and Hebron, where Israeli settlers have set up homes in violation of international law, and found that facial-recognition systems “are providing the Israeli authorities with powerful new tools for curbing freedom of movement … adding further layers of technological sophistication to the system of apartheid that Israel is imposing on Palestinians”.
The Amnesty report identified dozens of Hikvision devices in the old city in East Jerusalem, nearly 40 of which were found on security infrastructure and illegal settlements in the Silwan neigborhood. The devices were “operated by Israeli police and by private settlers” and were “mounted to military infrastructures and residential areas in and around the old city of East Jerusalem, in particular Damascus Gate, the Armenian quarter, the Muslim quarter, and Silwan”.
The report is newly relevant in the weeks after the 7 October Hamas attacks that the Israeli government said killed 1,400 people. |
23707 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Amnesty surveyed two West Bank neighborhoods, East Jerusalem and Hebron, where Israeli settlers have set up homes in violation of international law, and found that facial-recognition systems “are providing the Israeli authorities with powerful new tools for curbing freedom of movement … adding further layers of technological sophistication to the system of apartheid that Israel is imposing on Palestinians”.
The Amnesty report identified dozens of Hikvision devices in the old city in East Jerusalem, nearly 40 of which were found on security infrastructure and illegal settlements in the Silwan neigborhood. The devices were “operated by Israeli police and by private settlers” and were “mounted to military infrastructures and residential areas in and around the old city of East Jerusalem, in particular Damascus Gate, the Armenian quarter, the Muslim quarter, and Silwan”.
The report is newly relevant in the weeks after the 7 October Hamas attacks that the Israeli government said killed 1,400 people. Since then, settlers have escalated their violence against West Bank Palestinians and the Israeli army has conducted raids in West Bank cities and refugee camps. |
23708 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The Amnesty report identified dozens of Hikvision devices in the old city in East Jerusalem, nearly 40 of which were found on security infrastructure and illegal settlements in the Silwan neigborhood. The devices were “operated by Israeli police and by private settlers” and were “mounted to military infrastructures and residential areas in and around the old city of East Jerusalem, in particular Damascus Gate, the Armenian quarter, the Muslim quarter, and Silwan”.
The report is newly relevant in the weeks after the 7 October Hamas attacks that the Israeli government said killed 1,400 people. Since then, settlers have escalated their violence against West Bank Palestinians and the Israeli army has conducted raids in West Bank cities and refugee camps.
Hikvision has marketed facial-recognition features that would, it claimed, automatically detect Uyghur people. It has also advertised features meant to discern any person’s ethnicity, age and race based on an image of their face. |
23709 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The Amnesty report identified dozens of Hikvision devices in the old city in East Jerusalem, nearly 40 of which were found on security infrastructure and illegal settlements in the Silwan neigborhood. The devices were “operated by Israeli police and by private settlers” and were “mounted to military infrastructures and residential areas in and around the old city of East Jerusalem, in particular Damascus Gate, the Armenian quarter, the Muslim quarter, and Silwan”.
The report is newly relevant in the weeks after the 7 October Hamas attacks that the Israeli government said killed 1,400 people. Since then, settlers have escalated their violence against West Bank Palestinians and the Israeli army has conducted raids in West Bank cities and refugee camps.
Hikvision has marketed facial-recognition features that would, it claimed, automatically detect Uyghur people. It has also advertised features meant to discern any person’s ethnicity, age and race based on an image of their face. The Guardian first reported that Hikvision enabled police clients to set up alarms for when cameras detect any type of protest activity such as “gathering crowds to disrupt order in public places”, “unlawful assembly, procession, demonstration” and threats to “petition”. |
23710 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The report is newly relevant in the weeks after the 7 October Hamas attacks that the Israeli government said killed 1,400 people. Since then, settlers have escalated their violence against West Bank Palestinians and the Israeli army has conducted raids in West Bank cities and refugee camps.
Hikvision has marketed facial-recognition features that would, it claimed, automatically detect Uyghur people. It has also advertised features meant to discern any person’s ethnicity, age and race based on an image of their face. The Guardian first reported that Hikvision enabled police clients to set up alarms for when cameras detect any type of protest activity such as “gathering crowds to disrupt order in public places”, “unlawful assembly, procession, demonstration” and threats to “petition”.
Hikvision did not respond to Amnesty’s report on the use of its products , nor did the company provide an on-the-record response in time for publication. |
23711 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The report is newly relevant in the weeks after the 7 October Hamas attacks that the Israeli government said killed 1,400 people. Since then, settlers have escalated their violence against West Bank Palestinians and the Israeli army has conducted raids in West Bank cities and refugee camps.
Hikvision has marketed facial-recognition features that would, it claimed, automatically detect Uyghur people. It has also advertised features meant to discern any person’s ethnicity, age and race based on an image of their face. The Guardian first reported that Hikvision enabled police clients to set up alarms for when cameras detect any type of protest activity such as “gathering crowds to disrupt order in public places”, “unlawful assembly, procession, demonstration” and threats to “petition”.
Hikvision did not respond to Amnesty’s report on the use of its products , nor did the company provide an on-the-record response in time for publication. But Hikvision previously told the Guardian that it “has strictly followed all applicable laws and regulations in the UK and all countries where we operate to ensure complete compliance. |
23712 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Since then, settlers have escalated their violence against West Bank Palestinians and the Israeli army has conducted raids in West Bank cities and refugee camps.
Hikvision has marketed facial-recognition features that would, it claimed, automatically detect Uyghur people. It has also advertised features meant to discern any person’s ethnicity, age and race based on an image of their face. The Guardian first reported that Hikvision enabled police clients to set up alarms for when cameras detect any type of protest activity such as “gathering crowds to disrupt order in public places”, “unlawful assembly, procession, demonstration” and threats to “petition”.
Hikvision did not respond to Amnesty’s report on the use of its products , nor did the company provide an on-the-record response in time for publication. But Hikvision previously told the Guardian that it “has strictly followed all applicable laws and regulations in the UK and all countries where we operate to ensure complete compliance.
“Hikvision has never knowingly or intentionally committed human rights abuses itself or acted in willful disregard and will never do so in the future,” the company’s statement reads. |
23713 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
It has also advertised features meant to discern any person’s ethnicity, age and race based on an image of their face. The Guardian first reported that Hikvision enabled police clients to set up alarms for when cameras detect any type of protest activity such as “gathering crowds to disrupt order in public places”, “unlawful assembly, procession, demonstration” and threats to “petition”.
Hikvision did not respond to Amnesty’s report on the use of its products , nor did the company provide an on-the-record response in time for publication. But Hikvision previously told the Guardian that it “has strictly followed all applicable laws and regulations in the UK and all countries where we operate to ensure complete compliance.
“Hikvision has never knowingly or intentionally committed human rights abuses itself or acted in willful disregard and will never do so in the future,” the company’s statement reads.
Experts on surveillance tools used in the repression of Uyghurs argued the company’s history shows Hikvision has not followed through on previous commitments to preserve human rights. |
23714 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The Guardian first reported that Hikvision enabled police clients to set up alarms for when cameras detect any type of protest activity such as “gathering crowds to disrupt order in public places”, “unlawful assembly, procession, demonstration” and threats to “petition”.
Hikvision did not respond to Amnesty’s report on the use of its products , nor did the company provide an on-the-record response in time for publication. But Hikvision previously told the Guardian that it “has strictly followed all applicable laws and regulations in the UK and all countries where we operate to ensure complete compliance.
“Hikvision has never knowingly or intentionally committed human rights abuses itself or acted in willful disregard and will never do so in the future,” the company’s statement reads.
Experts on surveillance tools used in the repression of Uyghurs argued the company’s history shows Hikvision has not followed through on previous commitments to preserve human rights.
“Hikvision’s critical role in surveilling and oppressing Muslims in Xinjiang and the company’s failure to take accountability shows that the company is not serious about ethics or protecting human rights,” said Conor Healy, the director of government research at surveillance research publication Internet Protocol Video Market (IPVM) in a statement to the Guardian. |
23715 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
But Hikvision previously told the Guardian that it “has strictly followed all applicable laws and regulations in the UK and all countries where we operate to ensure complete compliance.
“Hikvision has never knowingly or intentionally committed human rights abuses itself or acted in willful disregard and will never do so in the future,” the company’s statement reads.
Experts on surveillance tools used in the repression of Uyghurs argued the company’s history shows Hikvision has not followed through on previous commitments to preserve human rights.
“Hikvision’s critical role in surveilling and oppressing Muslims in Xinjiang and the company’s failure to take accountability shows that the company is not serious about ethics or protecting human rights,” said Conor Healy, the director of government research at surveillance research publication Internet Protocol Video Market (IPVM) in a statement to the Guardian.
The Hikvision headquarters in Hangzhou, in eastern China’s Zhejiang province. |
23716 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
But Hikvision previously told the Guardian that it “has strictly followed all applicable laws and regulations in the UK and all countries where we operate to ensure complete compliance.
“Hikvision has never knowingly or intentionally committed human rights abuses itself or acted in willful disregard and will never do so in the future,” the company’s statement reads.
Experts on surveillance tools used in the repression of Uyghurs argued the company’s history shows Hikvision has not followed through on previous commitments to preserve human rights.
“Hikvision’s critical role in surveilling and oppressing Muslims in Xinjiang and the company’s failure to take accountability shows that the company is not serious about ethics or protecting human rights,” said Conor Healy, the director of government research at surveillance research publication Internet Protocol Video Market (IPVM) in a statement to the Guardian.
The Hikvision headquarters in Hangzhou, in eastern China’s Zhejiang province. Photograph: AFP/Getty Images
The report identified specific products deployed in the West Bank that come enabled with human and vehicle recognition features out-of-the-box. |
23717 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
“Hikvision has never knowingly or intentionally committed human rights abuses itself or acted in willful disregard and will never do so in the future,” the company’s statement reads.
Experts on surveillance tools used in the repression of Uyghurs argued the company’s history shows Hikvision has not followed through on previous commitments to preserve human rights.
“Hikvision’s critical role in surveilling and oppressing Muslims in Xinjiang and the company’s failure to take accountability shows that the company is not serious about ethics or protecting human rights,” said Conor Healy, the director of government research at surveillance research publication Internet Protocol Video Market (IPVM) in a statement to the Guardian.
The Hikvision headquarters in Hangzhou, in eastern China’s Zhejiang province. Photograph: AFP/Getty Images
The report identified specific products deployed in the West Bank that come enabled with human and vehicle recognition features out-of-the-box. Amnesty could not confirm definitively that facial recognition had been activated in all the products identified, but investigators said they were “concerned” the cameras “are potentially being used together with facial recognition tools”. |
23718 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Experts on surveillance tools used in the repression of Uyghurs argued the company’s history shows Hikvision has not followed through on previous commitments to preserve human rights.
“Hikvision’s critical role in surveilling and oppressing Muslims in Xinjiang and the company’s failure to take accountability shows that the company is not serious about ethics or protecting human rights,” said Conor Healy, the director of government research at surveillance research publication Internet Protocol Video Market (IPVM) in a statement to the Guardian.
The Hikvision headquarters in Hangzhou, in eastern China’s Zhejiang province. Photograph: AFP/Getty Images
The report identified specific products deployed in the West Bank that come enabled with human and vehicle recognition features out-of-the-box. Amnesty could not confirm definitively that facial recognition had been activated in all the products identified, but investigators said they were “concerned” the cameras “are potentially being used together with facial recognition tools”. Amnesty investigators said the cameras are at high risk of being connected to Mabat 2000, an Israeli police-run facial-recognition surveillance network that spans the entire city of East Jerusalem. |
23719 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The Hikvision headquarters in Hangzhou, in eastern China’s Zhejiang province. Photograph: AFP/Getty Images
The report identified specific products deployed in the West Bank that come enabled with human and vehicle recognition features out-of-the-box. Amnesty could not confirm definitively that facial recognition had been activated in all the products identified, but investigators said they were “concerned” the cameras “are potentially being used together with facial recognition tools”. Amnesty investigators said the cameras are at high risk of being connected to Mabat 2000, an Israeli police-run facial-recognition surveillance network that spans the entire city of East Jerusalem. The vast surveillance system “enables Israeli authorities to identify protesters and keep Palestinians under constant observation, even as they go about their ordinary daily activities”.
Ultimately, Palestinians “don’t need to see” that the cameras are employing facial recognition to “know that they are being watched at every turn”, said Matthew Mahmoudi, an Amnesty International researcher on AI and human rights. |
23720 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Photograph: AFP/Getty Images
The report identified specific products deployed in the West Bank that come enabled with human and vehicle recognition features out-of-the-box. Amnesty could not confirm definitively that facial recognition had been activated in all the products identified, but investigators said they were “concerned” the cameras “are potentially being used together with facial recognition tools”. Amnesty investigators said the cameras are at high risk of being connected to Mabat 2000, an Israeli police-run facial-recognition surveillance network that spans the entire city of East Jerusalem. The vast surveillance system “enables Israeli authorities to identify protesters and keep Palestinians under constant observation, even as they go about their ordinary daily activities”.
Ultimately, Palestinians “don’t need to see” that the cameras are employing facial recognition to “know that they are being watched at every turn”, said Matthew Mahmoudi, an Amnesty International researcher on AI and human rights. Their fears are not unfounded. |
23721 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Photograph: AFP/Getty Images
The report identified specific products deployed in the West Bank that come enabled with human and vehicle recognition features out-of-the-box. Amnesty could not confirm definitively that facial recognition had been activated in all the products identified, but investigators said they were “concerned” the cameras “are potentially being used together with facial recognition tools”. Amnesty investigators said the cameras are at high risk of being connected to Mabat 2000, an Israeli police-run facial-recognition surveillance network that spans the entire city of East Jerusalem. The vast surveillance system “enables Israeli authorities to identify protesters and keep Palestinians under constant observation, even as they go about their ordinary daily activities”.
Ultimately, Palestinians “don’t need to see” that the cameras are employing facial recognition to “know that they are being watched at every turn”, said Matthew Mahmoudi, an Amnesty International researcher on AI and human rights. Their fears are not unfounded. In 2021, the Washington Post revealed the existence of a vast database called Wolf Pack, which contained images of and all the information available on all 3 million Palestinians in the West Bank. |
23722 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Amnesty investigators said the cameras are at high risk of being connected to Mabat 2000, an Israeli police-run facial-recognition surveillance network that spans the entire city of East Jerusalem. The vast surveillance system “enables Israeli authorities to identify protesters and keep Palestinians under constant observation, even as they go about their ordinary daily activities”.
Ultimately, Palestinians “don’t need to see” that the cameras are employing facial recognition to “know that they are being watched at every turn”, said Matthew Mahmoudi, an Amnesty International researcher on AI and human rights. Their fears are not unfounded. In 2021, the Washington Post revealed the existence of a vast database called Wolf Pack, which contained images of and all the information available on all 3 million Palestinians in the West Bank.
“These technologies are deployed to restrict the freedom of movement of Palestinians,” Mahmoudi said. |
23723 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Amnesty investigators said the cameras are at high risk of being connected to Mabat 2000, an Israeli police-run facial-recognition surveillance network that spans the entire city of East Jerusalem. The vast surveillance system “enables Israeli authorities to identify protesters and keep Palestinians under constant observation, even as they go about their ordinary daily activities”.
Ultimately, Palestinians “don’t need to see” that the cameras are employing facial recognition to “know that they are being watched at every turn”, said Matthew Mahmoudi, an Amnesty International researcher on AI and human rights. Their fears are not unfounded. In 2021, the Washington Post revealed the existence of a vast database called Wolf Pack, which contained images of and all the information available on all 3 million Palestinians in the West Bank.
“These technologies are deployed to restrict the freedom of movement of Palestinians,” Mahmoudi said. “In particular, your ability to move, to access work, to access education, to access medical facilities is stifled based on the usage of AI-based surveillance like facial recognition.”
The Palestinian health ministry has said that more than 170 Palestinians have been killed in the West Bank in the past month. |
23724 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The vast surveillance system “enables Israeli authorities to identify protesters and keep Palestinians under constant observation, even as they go about their ordinary daily activities”.
Ultimately, Palestinians “don’t need to see” that the cameras are employing facial recognition to “know that they are being watched at every turn”, said Matthew Mahmoudi, an Amnesty International researcher on AI and human rights. Their fears are not unfounded. In 2021, the Washington Post revealed the existence of a vast database called Wolf Pack, which contained images of and all the information available on all 3 million Palestinians in the West Bank.
“These technologies are deployed to restrict the freedom of movement of Palestinians,” Mahmoudi said. “In particular, your ability to move, to access work, to access education, to access medical facilities is stifled based on the usage of AI-based surveillance like facial recognition.”
The Palestinian health ministry has said that more than 170 Palestinians have been killed in the West Bank in the past month. The intensity of the violence in the West Bank has forced the displacement of at least 11 Palestinian communities, whose residents have historically refused to leave despite the difficulties posed by both settlers and the Israeli Defence Forces. |
23725 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Their fears are not unfounded. In 2021, the Washington Post revealed the existence of a vast database called Wolf Pack, which contained images of and all the information available on all 3 million Palestinians in the West Bank.
“These technologies are deployed to restrict the freedom of movement of Palestinians,” Mahmoudi said. “In particular, your ability to move, to access work, to access education, to access medical facilities is stifled based on the usage of AI-based surveillance like facial recognition.”
The Palestinian health ministry has said that more than 170 Palestinians have been killed in the West Bank in the past month. The intensity of the violence in the West Bank has forced the displacement of at least 11 Palestinian communities, whose residents have historically refused to leave despite the difficulties posed by both settlers and the Israeli Defence Forces.
“We see how the technology ends up being used to deter Palestinians in places like Silwan in East Jerusalem from resisting and dissenting the expanding illegal settlements,” Mahmoudi said. |
23726 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
Their fears are not unfounded. In 2021, the Washington Post revealed the existence of a vast database called Wolf Pack, which contained images of and all the information available on all 3 million Palestinians in the West Bank.
“These technologies are deployed to restrict the freedom of movement of Palestinians,” Mahmoudi said. “In particular, your ability to move, to access work, to access education, to access medical facilities is stifled based on the usage of AI-based surveillance like facial recognition.”
The Palestinian health ministry has said that more than 170 Palestinians have been killed in the West Bank in the past month. The intensity of the violence in the West Bank has forced the displacement of at least 11 Palestinian communities, whose residents have historically refused to leave despite the difficulties posed by both settlers and the Israeli Defence Forces.
“We see how the technology ends up being used to deter Palestinians in places like Silwan in East Jerusalem from resisting and dissenting the expanding illegal settlements,” Mahmoudi said.
United Nations experts have warned that “the Palestinian people are at grave risk of genocide” as the Israeli army has bombarded Gaza, killing more than 10,000 Palestinians over the past month, according to the Gaza health ministry. |
23727 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
“These technologies are deployed to restrict the freedom of movement of Palestinians,” Mahmoudi said. “In particular, your ability to move, to access work, to access education, to access medical facilities is stifled based on the usage of AI-based surveillance like facial recognition.”
The Palestinian health ministry has said that more than 170 Palestinians have been killed in the West Bank in the past month. The intensity of the violence in the West Bank has forced the displacement of at least 11 Palestinian communities, whose residents have historically refused to leave despite the difficulties posed by both settlers and the Israeli Defence Forces.
“We see how the technology ends up being used to deter Palestinians in places like Silwan in East Jerusalem from resisting and dissenting the expanding illegal settlements,” Mahmoudi said.
United Nations experts have warned that “the Palestinian people are at grave risk of genocide” as the Israeli army has bombarded Gaza, killing more than 10,000 Palestinians over the past month, according to the Gaza health ministry.
“Even their family life and the sort of very mundane everyday actions suddenly become acts of resistance in the face of this ubiquitous surveillance apparatus that underpins much of how apartheid is exacted on Palestinians,” Mahmoudi added. |
23728 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The intensity of the violence in the West Bank has forced the displacement of at least 11 Palestinian communities, whose residents have historically refused to leave despite the difficulties posed by both settlers and the Israeli Defence Forces.
“We see how the technology ends up being used to deter Palestinians in places like Silwan in East Jerusalem from resisting and dissenting the expanding illegal settlements,” Mahmoudi said.
United Nations experts have warned that “the Palestinian people are at grave risk of genocide” as the Israeli army has bombarded Gaza, killing more than 10,000 Palestinians over the past month, according to the Gaza health ministry.
“Even their family life and the sort of very mundane everyday actions suddenly become acts of resistance in the face of this ubiquitous surveillance apparatus that underpins much of how apartheid is exacted on Palestinians,” Mahmoudi added.
In addition to the daily impact on Palestinian life that the vast surveillance network in the West Bank has had, there have been longer-term ramifications. |
23729 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
The intensity of the violence in the West Bank has forced the displacement of at least 11 Palestinian communities, whose residents have historically refused to leave despite the difficulties posed by both settlers and the Israeli Defence Forces.
“We see how the technology ends up being used to deter Palestinians in places like Silwan in East Jerusalem from resisting and dissenting the expanding illegal settlements,” Mahmoudi said.
United Nations experts have warned that “the Palestinian people are at grave risk of genocide” as the Israeli army has bombarded Gaza, killing more than 10,000 Palestinians over the past month, according to the Gaza health ministry.
“Even their family life and the sort of very mundane everyday actions suddenly become acts of resistance in the face of this ubiquitous surveillance apparatus that underpins much of how apartheid is exacted on Palestinians,” Mahmoudi added.
In addition to the daily impact on Palestinian life that the vast surveillance network in the West Bank has had, there have been longer-term ramifications. According to the report, Amnesty International’s Digital Verification Corps analyzed and verified the authenticity of 15 videos that showed Palestinians being detained “where surveillance technologies appeared to have been used for registration, identification or recording”. |
23730 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
“We see how the technology ends up being used to deter Palestinians in places like Silwan in East Jerusalem from resisting and dissenting the expanding illegal settlements,” Mahmoudi said.
United Nations experts have warned that “the Palestinian people are at grave risk of genocide” as the Israeli army has bombarded Gaza, killing more than 10,000 Palestinians over the past month, according to the Gaza health ministry.
“Even their family life and the sort of very mundane everyday actions suddenly become acts of resistance in the face of this ubiquitous surveillance apparatus that underpins much of how apartheid is exacted on Palestinians,” Mahmoudi added.
In addition to the daily impact on Palestinian life that the vast surveillance network in the West Bank has had, there have been longer-term ramifications. According to the report, Amnesty International’s Digital Verification Corps analyzed and verified the authenticity of 15 videos that showed Palestinians being detained “where surveillance technologies appeared to have been used for registration, identification or recording”. In one instance, Israeli police posted a video showing how they were able to identify a protester they had been monitoring through closed-circuit television (CCTV) cameras. |
23731 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
United Nations experts have warned that “the Palestinian people are at grave risk of genocide” as the Israeli army has bombarded Gaza, killing more than 10,000 Palestinians over the past month, according to the Gaza health ministry.
“Even their family life and the sort of very mundane everyday actions suddenly become acts of resistance in the face of this ubiquitous surveillance apparatus that underpins much of how apartheid is exacted on Palestinians,” Mahmoudi added.
In addition to the daily impact on Palestinian life that the vast surveillance network in the West Bank has had, there have been longer-term ramifications. According to the report, Amnesty International’s Digital Verification Corps analyzed and verified the authenticity of 15 videos that showed Palestinians being detained “where surveillance technologies appeared to have been used for registration, identification or recording”. In one instance, Israeli police posted a video showing how they were able to identify a protester they had been monitoring through closed-circuit television (CCTV) cameras. They then showed that police officers were able to pick the particular individual out of a crowd, according to Mahmoudi. |
23732 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
“Even their family life and the sort of very mundane everyday actions suddenly become acts of resistance in the face of this ubiquitous surveillance apparatus that underpins much of how apartheid is exacted on Palestinians,” Mahmoudi added.
In addition to the daily impact on Palestinian life that the vast surveillance network in the West Bank has had, there have been longer-term ramifications. According to the report, Amnesty International’s Digital Verification Corps analyzed and verified the authenticity of 15 videos that showed Palestinians being detained “where surveillance technologies appeared to have been used for registration, identification or recording”. In one instance, Israeli police posted a video showing how they were able to identify a protester they had been monitoring through closed-circuit television (CCTV) cameras. They then showed that police officers were able to pick the particular individual out of a crowd, according to Mahmoudi.
“In protests in particular, regardless of you being in a crowd, you’re subjected to potentially being picked out and identified and persecuted,” he said. |
23733 | How Chinese firm linked to repression of Uyghurs aids Israeli surveillance in West Bank
In addition to the daily impact on Palestinian life that the vast surveillance network in the West Bank has had, there have been longer-term ramifications. According to the report, Amnesty International’s Digital Verification Corps analyzed and verified the authenticity of 15 videos that showed Palestinians being detained “where surveillance technologies appeared to have been used for registration, identification or recording”. In one instance, Israeli police posted a video showing how they were able to identify a protester they had been monitoring through closed-circuit television (CCTV) cameras. They then showed that police officers were able to pick the particular individual out of a crowd, according to Mahmoudi.
“In protests in particular, regardless of you being in a crowd, you’re subjected to potentially being picked out and identified and persecuted,” he said. “These technologies are being used in profoundly problematic ways when it comes to human rights.” |
23734 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Uber reported third-quarter earnings on Tuesday that show a profitable ride-hail and delivery company that’s chugging along in spite of slowing growth in some sectors.
The company reported revenue of $9.3 billion, an 11% increase year over year. Investors had expected Uber to report revenues of around $9.5 billion (FactSet, Refinitiv), meaning that despite the company’s growth, it fell short of estimates. Turning to profitability, Uber reported net income of $221 million in the third quarter, or 10 cents per share, compared with a net loss of $1.2 billion, or 61 cents per share, in the same quarter last year. Again, the company fell short of expectations that it would generate 12 cents in per-share profit.
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result. |
23735 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Uber reported third-quarter earnings on Tuesday that show a profitable ride-hail and delivery company that’s chugging along in spite of slowing growth in some sectors.
The company reported revenue of $9.3 billion, an 11% increase year over year. Investors had expected Uber to report revenues of around $9.5 billion (FactSet, Refinitiv), meaning that despite the company’s growth, it fell short of estimates. Turning to profitability, Uber reported net income of $221 million in the third quarter, or 10 cents per share, compared with a net loss of $1.2 billion, or 61 cents per share, in the same quarter last year. Again, the company fell short of expectations that it would generate 12 cents in per-share profit.
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result.
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange. |
23736 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
The company reported revenue of $9.3 billion, an 11% increase year over year. Investors had expected Uber to report revenues of around $9.5 billion (FactSet, Refinitiv), meaning that despite the company’s growth, it fell short of estimates. Turning to profitability, Uber reported net income of $221 million in the third quarter, or 10 cents per share, compared with a net loss of $1.2 billion, or 61 cents per share, in the same quarter last year. Again, the company fell short of expectations that it would generate 12 cents in per-share profit.
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result.
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange.
Against a backdrop of macroeconomic uncertainty, the former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. |
23737 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Turning to profitability, Uber reported net income of $221 million in the third quarter, or 10 cents per share, compared with a net loss of $1.2 billion, or 61 cents per share, in the same quarter last year. Again, the company fell short of expectations that it would generate 12 cents in per-share profit.
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result.
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange.
Against a backdrop of macroeconomic uncertainty, the former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated. |
23738 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Again, the company fell short of expectations that it would generate 12 cents in per-share profit.
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result.
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange.
Against a backdrop of macroeconomic uncertainty, the former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated.
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results. |
23739 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result.
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange.
Against a backdrop of macroeconomic uncertainty, the former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated.
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results.
Where did the money come from? |
23740 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Looking ahead, Uber anticipates gross bookings of $36.5 billion to $37.5 billion, up just 6% at the top-end from its Q3 result.
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange.
Against a backdrop of macroeconomic uncertainty, the former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated.
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results.
Where did the money come from?
In the third quarter, Uber saw total bookings rise from $29.1 billion to $35.3 billion, a gain of around 21%. |
23741 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
After reporting, shares of Uber are up 1.6% in trading, after an up-and-down morning of shares exchange.
Against a backdrop of macroeconomic uncertainty, the former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated.
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results.
Where did the money come from?
In the third quarter, Uber saw total bookings rise from $29.1 billion to $35.3 billion, a gain of around 21%. In business segment terms, Uber generated $17.9 billion in ride-hailing bookings (+31% year over year), and $16.1 billion worth of delivery bookings (+18%). |
23742 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated.
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results.
Where did the money come from?
In the third quarter, Uber saw total bookings rise from $29.1 billion to $35.3 billion, a gain of around 21%. In business segment terms, Uber generated $17.9 billion in ride-hailing bookings (+31% year over year), and $16.1 billion worth of delivery bookings (+18%). Those key business groups at the company generated $5.1 billion and $2.9 billion in revenue, respectively, during the September quarter. |
23743 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
On the other hand, under-performing demand results from a company as global as Uber could indicate that consumer spend is coming in lighter than anticipated.
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results.
Where did the money come from?
In the third quarter, Uber saw total bookings rise from $29.1 billion to $35.3 billion, a gain of around 21%. In business segment terms, Uber generated $17.9 billion in ride-hailing bookings (+31% year over year), and $16.1 billion worth of delivery bookings (+18%). Those key business groups at the company generated $5.1 billion and $2.9 billion in revenue, respectively, during the September quarter.
There’s nuance to the revenue figures that we need to consider as the rule-changes in question do affect startups that operate in related categories. |
23744 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
For startups in the transport and on-demand sectors, Uber’s earnings are a regular informational zeitgeist. So let’s work to understand where Uber’s revenue came from in the third quarter, and how each of its top-line sources converted — or not — to bottom-line results.
Where did the money come from?
In the third quarter, Uber saw total bookings rise from $29.1 billion to $35.3 billion, a gain of around 21%. In business segment terms, Uber generated $17.9 billion in ride-hailing bookings (+31% year over year), and $16.1 billion worth of delivery bookings (+18%). Those key business groups at the company generated $5.1 billion and $2.9 billion in revenue, respectively, during the September quarter.
There’s nuance to the revenue figures that we need to consider as the rule-changes in question do affect startups that operate in related categories. On the ride-hailing front, Uber told its investors that its Q3 2023 revenue was “negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $161 million.” That was not the only legal change that led to Uber’s results changing shape. |
23745 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Where did the money come from?
In the third quarter, Uber saw total bookings rise from $29.1 billion to $35.3 billion, a gain of around 21%. In business segment terms, Uber generated $17.9 billion in ride-hailing bookings (+31% year over year), and $16.1 billion worth of delivery bookings (+18%). Those key business groups at the company generated $5.1 billion and $2.9 billion in revenue, respectively, during the September quarter.
There’s nuance to the revenue figures that we need to consider as the rule-changes in question do affect startups that operate in related categories. On the ride-hailing front, Uber told its investors that its Q3 2023 revenue was “negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $161 million.” That was not the only legal change that led to Uber’s results changing shape. Under its delivery business results, the company added that its revenue result was “negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by $360 million.”
The combined impact of those two items was 8 percentage points of growth. |
23746 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Those key business groups at the company generated $5.1 billion and $2.9 billion in revenue, respectively, during the September quarter.
There’s nuance to the revenue figures that we need to consider as the rule-changes in question do affect startups that operate in related categories. On the ride-hailing front, Uber told its investors that its Q3 2023 revenue was “negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $161 million.” That was not the only legal change that led to Uber’s results changing shape. Under its delivery business results, the company added that its revenue result was “negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by $360 million.”
The combined impact of those two items was 8 percentage points of growth.
The profit perspective
From bookings to revenues to profits: How did the main portions of Uber’s business generate black ink? |
23747 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Those key business groups at the company generated $5.1 billion and $2.9 billion in revenue, respectively, during the September quarter.
There’s nuance to the revenue figures that we need to consider as the rule-changes in question do affect startups that operate in related categories. On the ride-hailing front, Uber told its investors that its Q3 2023 revenue was “negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $161 million.” That was not the only legal change that led to Uber’s results changing shape. Under its delivery business results, the company added that its revenue result was “negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by $360 million.”
The combined impact of those two items was 8 percentage points of growth.
The profit perspective
From bookings to revenues to profits: How did the main portions of Uber’s business generate black ink?
Turning to what Uber calls “segment adjusted EBITDA,” it’s not hard to see how the company managed to rack up more income in its most recent quarter. |
23748 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
On the ride-hailing front, Uber told its investors that its Q3 2023 revenue was “negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $161 million.” That was not the only legal change that led to Uber’s results changing shape. Under its delivery business results, the company added that its revenue result was “negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by $360 million.”
The combined impact of those two items was 8 percentage points of growth.
The profit perspective
From bookings to revenues to profits: How did the main portions of Uber’s business generate black ink?
Turning to what Uber calls “segment adjusted EBITDA,” it’s not hard to see how the company managed to rack up more income in its most recent quarter. Ride-hailing adjusted profit rose to $1.29 billion, up 43% from $898 million in the year-ago quarter, while delivery saw its own profitability skyrocket from $181 million in Q3 2022 to $413 million in its most recent fiscal period. |
23749 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Under its delivery business results, the company added that its revenue result was “negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by $360 million.”
The combined impact of those two items was 8 percentage points of growth.
The profit perspective
From bookings to revenues to profits: How did the main portions of Uber’s business generate black ink?
Turning to what Uber calls “segment adjusted EBITDA,” it’s not hard to see how the company managed to rack up more income in its most recent quarter. Ride-hailing adjusted profit rose to $1.29 billion, up 43% from $898 million in the year-ago quarter, while delivery saw its own profitability skyrocket from $181 million in Q3 2022 to $413 million in its most recent fiscal period.
Uber did spend more during Q3 2023 when compared to its Q3 2022 result, but the 5% gain in “Corporate G&A and Platform R&D” costs to $595 million was far less than the gains we saw above. |
23750 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
The profit perspective
From bookings to revenues to profits: How did the main portions of Uber’s business generate black ink?
Turning to what Uber calls “segment adjusted EBITDA,” it’s not hard to see how the company managed to rack up more income in its most recent quarter. Ride-hailing adjusted profit rose to $1.29 billion, up 43% from $898 million in the year-ago quarter, while delivery saw its own profitability skyrocket from $181 million in Q3 2022 to $413 million in its most recent fiscal period.
Uber did spend more during Q3 2023 when compared to its Q3 2022 result, but the 5% gain in “Corporate G&A and Platform R&D” costs to $595 million was far less than the gains we saw above. So, Uber’s adjusted EBITDA rose from $516 million in aggregate to $1.09 billion in the third quarter of this year. |
23751 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
The profit perspective
From bookings to revenues to profits: How did the main portions of Uber’s business generate black ink?
Turning to what Uber calls “segment adjusted EBITDA,” it’s not hard to see how the company managed to rack up more income in its most recent quarter. Ride-hailing adjusted profit rose to $1.29 billion, up 43% from $898 million in the year-ago quarter, while delivery saw its own profitability skyrocket from $181 million in Q3 2022 to $413 million in its most recent fiscal period.
Uber did spend more during Q3 2023 when compared to its Q3 2022 result, but the 5% gain in “Corporate G&A and Platform R&D” costs to $595 million was far less than the gains we saw above. So, Uber’s adjusted EBITDA rose from $516 million in aggregate to $1.09 billion in the third quarter of this year.
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. |
23752 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Ride-hailing adjusted profit rose to $1.29 billion, up 43% from $898 million in the year-ago quarter, while delivery saw its own profitability skyrocket from $181 million in Q3 2022 to $413 million in its most recent fiscal period.
Uber did spend more during Q3 2023 when compared to its Q3 2022 result, but the 5% gain in “Corporate G&A and Platform R&D” costs to $595 million was far less than the gains we saw above. So, Uber’s adjusted EBITDA rose from $516 million in aggregate to $1.09 billion in the third quarter of this year.
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. |
23753 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Ride-hailing adjusted profit rose to $1.29 billion, up 43% from $898 million in the year-ago quarter, while delivery saw its own profitability skyrocket from $181 million in Q3 2022 to $413 million in its most recent fiscal period.
Uber did spend more during Q3 2023 when compared to its Q3 2022 result, but the 5% gain in “Corporate G&A and Platform R&D” costs to $595 million was far less than the gains we saw above. So, Uber’s adjusted EBITDA rose from $516 million in aggregate to $1.09 billion in the third quarter of this year.
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results. |
23754 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Uber did spend more during Q3 2023 when compared to its Q3 2022 result, but the 5% gain in “Corporate G&A and Platform R&D” costs to $595 million was far less than the gains we saw above. So, Uber’s adjusted EBITDA rose from $516 million in aggregate to $1.09 billion in the third quarter of this year.
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter. |
23755 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
So, Uber’s adjusted EBITDA rose from $516 million in aggregate to $1.09 billion in the third quarter of this year.
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. |
23756 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall. |
23757 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Of course, adjusted EBITDA is to profit as hidden heels in men’s shoes are to height, so we’ll want some harder figures as well. In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. |
23758 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
In the third quarter, Uber generated $394 million in operating income and $219 million worth of net income. Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue. |
23759 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. |
23760 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Mix in $966 million worth of positive operating cash flow, and Uber looks very healthy, given that all of the figures in this paragraph were improvements on its year-ago results.
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year. |
23761 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
But while food delivery and scooting humans about town were profitable for Uber in the quarter, the final major portion of its business had a more lackluster quarter.
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. |
23762 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. |
23763 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Freight falls
One area that continues to drag on Uber is its freight business.
While Uber’s ride-hailing and delivery business saw an uptick in gross bookings in the third quarter, Uber Freight experienced a 27% drop year-over-year. Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. Other more recent entrants to the freight and logistics industry such as Flexport and Convoy have struggled this year. |
23764 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Revenue, as a result, had a similar fall.
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. Other more recent entrants to the freight and logistics industry such as Flexport and Convoy have struggled this year. In Convoy’s case, the business was forced to shut down with its assets gobbled up by Flexport.
Uber Freight continues to plug along, despite these economic headwinds. |
23765 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
The business unit reported revenue of $1.3 billion in the third quarter, a 27% drop from the same period last year. On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. Other more recent entrants to the freight and logistics industry such as Flexport and Convoy have struggled this year. In Convoy’s case, the business was forced to shut down with its assets gobbled up by Flexport.
Uber Freight continues to plug along, despite these economic headwinds. The question is whether Uber believes in the long-term income potential of freight.
So what? |
23766 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
On a quarter-over-quarter basis, Uber Freight had a 1% gain in revenue.
The results don’t get any better once we turn to net income. On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. Other more recent entrants to the freight and logistics industry such as Flexport and Convoy have struggled this year. In Convoy’s case, the business was forced to shut down with its assets gobbled up by Flexport.
Uber Freight continues to plug along, despite these economic headwinds. The question is whether Uber believes in the long-term income potential of freight.
So what?
When discussing Uber’s results internally, our vibe was that it is a very profitable and healthy company today, albeit one that is not growing as fast as the market had hoped. |
23767 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
On an adjusted basis, Uber Freight lost $13 million in the third quarter compared to a $1 million profit in the same quarter last year.
Uber said the dismal year-over-year revenue results for its freight business was driven by lower revenue per load and volume. Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. Other more recent entrants to the freight and logistics industry such as Flexport and Convoy have struggled this year. In Convoy’s case, the business was forced to shut down with its assets gobbled up by Flexport.
Uber Freight continues to plug along, despite these economic headwinds. The question is whether Uber believes in the long-term income potential of freight.
So what?
When discussing Uber’s results internally, our vibe was that it is a very profitable and healthy company today, albeit one that is not growing as fast as the market had hoped. The fact that Uber’s share price is up as we write this indicates that investors are content thus far to excuse the small Q3 misses and keep their eyes more focused on its year-over-year improvements and forward guidance. |
23768 | Uber’s Q3 numbers include impressive profitability gains, slower-than-expected growth
Both are consequences of the challenging freight market cycle.
Uber Freight isn’t alone. Other more recent entrants to the freight and logistics industry such as Flexport and Convoy have struggled this year. In Convoy’s case, the business was forced to shut down with its assets gobbled up by Flexport.
Uber Freight continues to plug along, despite these economic headwinds. The question is whether Uber believes in the long-term income potential of freight.
So what?
When discussing Uber’s results internally, our vibe was that it is a very profitable and healthy company today, albeit one that is not growing as fast as the market had hoped. The fact that Uber’s share price is up as we write this indicates that investors are content thus far to excuse the small Q3 misses and keep their eyes more focused on its year-over-year improvements and forward guidance. More when we get Lyft’s numbers. |
23769 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
The earnings season is slated to peak in the upcoming week, with a wide range of companies across various sectors reporting their financial results. The focus will be on mega-cap tech giants, but many other firms from wide-ranging sectors will announce results, including those from consumer staples, industrial, automobile, airline and energy segments.
Facebook parent Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) are all set to release their quarterly results. |
23770 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
The earnings season is slated to peak in the upcoming week, with a wide range of companies across various sectors reporting their financial results. The focus will be on mega-cap tech giants, but many other firms from wide-ranging sectors will announce results, including those from consumer staples, industrial, automobile, airline and energy segments.
Facebook parent Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) are all set to release their quarterly results.
The list of companies reporting also includes major automakers General Motors (NYSE:GM) and Ford (NYSE:F), consumer staples manufacturers Coca-Cola (NYSE:KO), and Colgate Palmolive (NYSE:CL), defense leaders Boeing (BA), L3Harris Technologies (LHX), Raytheon Technologies (RTX), General Dynamics (GD), and Northrop Grumman (NOC), energy sector giants ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), payment processors Visa (NYSE:V) and Mastercard (NYSE:MA) and major airline Southwest Airlines (NYSE:LUV). |
23771 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Facebook parent Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) are all set to release their quarterly results.
The list of companies reporting also includes major automakers General Motors (NYSE:GM) and Ford (NYSE:F), consumer staples manufacturers Coca-Cola (NYSE:KO), and Colgate Palmolive (NYSE:CL), defense leaders Boeing (BA), L3Harris Technologies (LHX), Raytheon Technologies (RTX), General Dynamics (GD), and Northrop Grumman (NOC), energy sector giants ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), payment processors Visa (NYSE:V) and Mastercard (NYSE:MA) and major airline Southwest Airlines (NYSE:LUV).
Below is a rundown of major quarterly updates anticipated in the week of October 23 to 27:
Monday, October 23
Cleveland-Cliffs (NYSE:CLF)
Cleveland-Cliffs (CLF) is scheduled to announce Q3 earnings results on Monday, after market close. |
23772 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
The list of companies reporting also includes major automakers General Motors (NYSE:GM) and Ford (NYSE:F), consumer staples manufacturers Coca-Cola (NYSE:KO), and Colgate Palmolive (NYSE:CL), defense leaders Boeing (BA), L3Harris Technologies (LHX), Raytheon Technologies (RTX), General Dynamics (GD), and Northrop Grumman (NOC), energy sector giants ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), payment processors Visa (NYSE:V) and Mastercard (NYSE:MA) and major airline Southwest Airlines (NYSE:LUV).
Below is a rundown of major quarterly updates anticipated in the week of October 23 to 27:
Monday, October 23
Cleveland-Cliffs (NYSE:CLF)
Cleveland-Cliffs (CLF) is scheduled to announce Q3 earnings results on Monday, after market close. Analysts expect profit to surge by more than 50%, while revenue is projected to go down slightly. |
23773 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Below is a rundown of major quarterly updates anticipated in the week of October 23 to 27:
Monday, October 23
Cleveland-Cliffs (NYSE:CLF)
Cleveland-Cliffs (CLF) is scheduled to announce Q3 earnings results on Monday, after market close. Analysts expect profit to surge by more than 50%, while revenue is projected to go down slightly.
The stock gets a Hold rating from Seeking Alpha's Quant Rating system, a more cautious view than the consensus Buy rating from Wall Street analysts.
"Cleveland-Cliffs is well-positioned to perform well over time, thanks to its strong position when it comes to supplying automobile companies and due to energy cost advantages compared to competitors from markets such as Europe," says investing group leader Jonathan Weber.
Consensus EPS Estimates: $0.44
Consensus Revenue Estimates: $5.53B
Earnings Insight: The company has beaten EPS expectations in 3 of the past 8 quarters and revenue in 5 of those reports. |
23774 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Analysts expect profit to surge by more than 50%, while revenue is projected to go down slightly.
The stock gets a Hold rating from Seeking Alpha's Quant Rating system, a more cautious view than the consensus Buy rating from Wall Street analysts.
"Cleveland-Cliffs is well-positioned to perform well over time, thanks to its strong position when it comes to supplying automobile companies and due to energy cost advantages compared to competitors from markets such as Europe," says investing group leader Jonathan Weber.
Consensus EPS Estimates: $0.44
Consensus Revenue Estimates: $5.53B
Earnings Insight: The company has beaten EPS expectations in 3 of the past 8 quarters and revenue in 5 of those reports.
Also reporting: Logitech International S.A. (LOGI), Koninklijke Philips N.V. (PHG), Packaging Corporation of America (PKG) and more. |
23775 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Analysts expect profit to surge by more than 50%, while revenue is projected to go down slightly.
The stock gets a Hold rating from Seeking Alpha's Quant Rating system, a more cautious view than the consensus Buy rating from Wall Street analysts.
"Cleveland-Cliffs is well-positioned to perform well over time, thanks to its strong position when it comes to supplying automobile companies and due to energy cost advantages compared to competitors from markets such as Europe," says investing group leader Jonathan Weber.
Consensus EPS Estimates: $0.44
Consensus Revenue Estimates: $5.53B
Earnings Insight: The company has beaten EPS expectations in 3 of the past 8 quarters and revenue in 5 of those reports.
Also reporting: Logitech International S.A. (LOGI), Koninklijke Philips N.V. (PHG), Packaging Corporation of America (PKG) and more.
Tuesday, October 24
Alphabet (GOOG) (GOOGL)
Alphabet (GOOG) (GOOGL) will be announcing its Q3 results during Tuesday’s post-market session. |
23776 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
"Cleveland-Cliffs is well-positioned to perform well over time, thanks to its strong position when it comes to supplying automobile companies and due to energy cost advantages compared to competitors from markets such as Europe," says investing group leader Jonathan Weber.
Consensus EPS Estimates: $0.44
Consensus Revenue Estimates: $5.53B
Earnings Insight: The company has beaten EPS expectations in 3 of the past 8 quarters and revenue in 5 of those reports.
Also reporting: Logitech International S.A. (LOGI), Koninklijke Philips N.V. (PHG), Packaging Corporation of America (PKG) and more.
Tuesday, October 24
Alphabet (GOOG) (GOOGL)
Alphabet (GOOG) (GOOGL) will be announcing its Q3 results during Tuesday’s post-market session. The search-engine giant has outperformed the broader market index with a 55% growth rate this year, surpassing the S&P 500's 12%. |
23777 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Consensus EPS Estimates: $0.44
Consensus Revenue Estimates: $5.53B
Earnings Insight: The company has beaten EPS expectations in 3 of the past 8 quarters and revenue in 5 of those reports.
Also reporting: Logitech International S.A. (LOGI), Koninklijke Philips N.V. (PHG), Packaging Corporation of America (PKG) and more.
Tuesday, October 24
Alphabet (GOOG) (GOOGL)
Alphabet (GOOG) (GOOGL) will be announcing its Q3 results during Tuesday’s post-market session. The search-engine giant has outperformed the broader market index with a 55% growth rate this year, surpassing the S&P 500's 12%.
Following the tech behemoth's upbeat Q2 results, investment firm Bank of America said it is expecting "favorable" headlines, due in part to strength in YouTube, search, and artificial intelligence. |
23778 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Consensus EPS Estimates: $0.44
Consensus Revenue Estimates: $5.53B
Earnings Insight: The company has beaten EPS expectations in 3 of the past 8 quarters and revenue in 5 of those reports.
Also reporting: Logitech International S.A. (LOGI), Koninklijke Philips N.V. (PHG), Packaging Corporation of America (PKG) and more.
Tuesday, October 24
Alphabet (GOOG) (GOOGL)
Alphabet (GOOG) (GOOGL) will be announcing its Q3 results during Tuesday’s post-market session. The search-engine giant has outperformed the broader market index with a 55% growth rate this year, surpassing the S&P 500's 12%.
Following the tech behemoth's upbeat Q2 results, investment firm Bank of America said it is expecting "favorable" headlines, due in part to strength in YouTube, search, and artificial intelligence.
Just a few days before the earnings report, Seeking Alpha's Quant Rating system changed its view from Strong Buy to Hold, while Wall Street analysts maintained a bullish view on the stock, giving it a Strong Buy rating. |
23779 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Also reporting: Logitech International S.A. (LOGI), Koninklijke Philips N.V. (PHG), Packaging Corporation of America (PKG) and more.
Tuesday, October 24
Alphabet (GOOG) (GOOGL)
Alphabet (GOOG) (GOOGL) will be announcing its Q3 results during Tuesday’s post-market session. The search-engine giant has outperformed the broader market index with a 55% growth rate this year, surpassing the S&P 500's 12%.
Following the tech behemoth's upbeat Q2 results, investment firm Bank of America said it is expecting "favorable" headlines, due in part to strength in YouTube, search, and artificial intelligence.
Just a few days before the earnings report, Seeking Alpha's Quant Rating system changed its view from Strong Buy to Hold, while Wall Street analysts maintained a bullish view on the stock, giving it a Strong Buy rating.
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports. |
23780 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
The search-engine giant has outperformed the broader market index with a 55% growth rate this year, surpassing the S&P 500's 12%.
Following the tech behemoth's upbeat Q2 results, investment firm Bank of America said it is expecting "favorable" headlines, due in part to strength in YouTube, search, and artificial intelligence.
Just a few days before the earnings report, Seeking Alpha's Quant Rating system changed its view from Strong Buy to Hold, while Wall Street analysts maintained a bullish view on the stock, giving it a Strong Buy rating.
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell. |
23781 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
The search-engine giant has outperformed the broader market index with a 55% growth rate this year, surpassing the S&P 500's 12%.
Following the tech behemoth's upbeat Q2 results, investment firm Bank of America said it is expecting "favorable" headlines, due in part to strength in YouTube, search, and artificial intelligence.
Just a few days before the earnings report, Seeking Alpha's Quant Rating system changed its view from Strong Buy to Hold, while Wall Street analysts maintained a bullish view on the stock, giving it a Strong Buy rating.
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell.
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. |
23782 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Following the tech behemoth's upbeat Q2 results, investment firm Bank of America said it is expecting "favorable" headlines, due in part to strength in YouTube, search, and artificial intelligence.
Just a few days before the earnings report, Seeking Alpha's Quant Rating system changed its view from Strong Buy to Hold, while Wall Street analysts maintained a bullish view on the stock, giving it a Strong Buy rating.
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell.
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating. |
23783 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Just a few days before the earnings report, Seeking Alpha's Quant Rating system changed its view from Strong Buy to Hold, while Wall Street analysts maintained a bullish view on the stock, giving it a Strong Buy rating.
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell.
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating.
After more than a year of rigorous examination by antitrust investigators across the world, Microsoft just completed its $69B acquisition of Activision Blizzard, the largest deal in video game history. |
23784 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell.
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating.
After more than a year of rigorous examination by antitrust investigators across the world, Microsoft just completed its $69B acquisition of Activision Blizzard, the largest deal in video game history. Its benefits, however, will not be reflected in the company's financial report. |
23785 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Consensus EPS Estimates: $1.45
Consensus Revenue Estimates: $75.73B
Earnings Insight: Google has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell.
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating.
After more than a year of rigorous examination by antitrust investigators across the world, Microsoft just completed its $69B acquisition of Activision Blizzard, the largest deal in video game history. Its benefits, however, will not be reflected in the company's financial report.
Consensus EPS Estimates: $2.65
Consensus Revenue Estimates: $54.54B
Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters, and revenue in 6 of those quarters. |
23786 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Microsoft (MSFT)
Joining Alphabet on Tuesday, Microsoft (MSFT) is also set to report its Q4 performance after the closing bell.
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating.
After more than a year of rigorous examination by antitrust investigators across the world, Microsoft just completed its $69B acquisition of Activision Blizzard, the largest deal in video game history. Its benefits, however, will not be reflected in the company's financial report.
Consensus EPS Estimates: $2.65
Consensus Revenue Estimates: $54.54B
Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters, and revenue in 6 of those quarters.
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. |
23787 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Seeking Alpha's Quant Rating system turned bullish on the stock just a few days before the earnings by upgrading its view to Strong Buy from Hold. Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating.
After more than a year of rigorous examination by antitrust investigators across the world, Microsoft just completed its $69B acquisition of Activision Blizzard, the largest deal in video game history. Its benefits, however, will not be reflected in the company's financial report.
Consensus EPS Estimates: $2.65
Consensus Revenue Estimates: $54.54B
Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters, and revenue in 6 of those quarters.
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. (V), The Coca-Cola Company (KO), 3M Company (MMM), General Motors Company (GM), Raytheon Technologies Corporation (RTX), Teladoc Health, Inc. |
23788 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Meanwhile, Wall Street analysts maintain their optimism about the stock with a Strong Buy rating.
After more than a year of rigorous examination by antitrust investigators across the world, Microsoft just completed its $69B acquisition of Activision Blizzard, the largest deal in video game history. Its benefits, however, will not be reflected in the company's financial report.
Consensus EPS Estimates: $2.65
Consensus Revenue Estimates: $54.54B
Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters, and revenue in 6 of those quarters.
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. (V), The Coca-Cola Company (KO), 3M Company (MMM), General Motors Company (GM), Raytheon Technologies Corporation (RTX), Teladoc Health, Inc. (TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. |
23789 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Its benefits, however, will not be reflected in the company's financial report.
Consensus EPS Estimates: $2.65
Consensus Revenue Estimates: $54.54B
Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters, and revenue in 6 of those quarters.
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. (V), The Coca-Cola Company (KO), 3M Company (MMM), General Motors Company (GM), Raytheon Technologies Corporation (RTX), Teladoc Health, Inc. (TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB) and more. |
23790 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Its benefits, however, will not be reflected in the company's financial report.
Consensus EPS Estimates: $2.65
Consensus Revenue Estimates: $54.54B
Earnings Insight: Microsoft has outperformed EPS forecasts in 7 of the last 8 quarters, and revenue in 6 of those quarters.
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. (V), The Coca-Cola Company (KO), 3M Company (MMM), General Motors Company (GM), Raytheon Technologies Corporation (RTX), Teladoc Health, Inc. (TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. |
23791 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. (V), The Coca-Cola Company (KO), 3M Company (MMM), General Motors Company (GM), Raytheon Technologies Corporation (RTX), Teladoc Health, Inc. (TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B. |
23792 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Also reporting: General Electric Company (NYSE:GE), Verizon Communications (VZ), Visa Inc. (V), The Coca-Cola Company (KO), 3M Company (MMM), General Motors Company (GM), Raytheon Technologies Corporation (RTX), Teladoc Health, Inc. (TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B.
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. |
23793 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
(TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B.
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams." |
23794 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
(TDOC), Dow (DOW), Snap (SNAP), Texas Instruments Incorporated (TXN), Halliburton Company (HAL), Corning Incorporated (GLW), Novartis AG (NVS), Waste Management (WM), Spotify Technology S.A. (SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B.
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams."
Meta's cost-cutting actions and a rebound in ad income boosted the stock's performance this year, which has climbed by about 150%. |
23795 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
(SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B.
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams."
Meta's cost-cutting actions and a rebound in ad income boosted the stock's performance this year, which has climbed by about 150%. The stock has been rated as a Strong Buy by sell-side analysts and Seeking Alpha's Quant Rating system. |
23796 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
(SPOT), Kimberly-Clark (KMB) and more.
Wednesday, October 25
Meta Platforms (META)
Facebook parent Meta Platforms (META) is scheduled to announce its Q3 results after the close on Wednesday. After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B.
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams."
Meta's cost-cutting actions and a rebound in ad income boosted the stock's performance this year, which has climbed by about 150%. The stock has been rated as a Strong Buy by sell-side analysts and Seeking Alpha's Quant Rating system.
Recently, Alphabet's unit Google (GOOG) (GOOGL), Meta Platforms (META), and Apple (AAPL) have received approval from U.S. |
23797 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
After exceeding expectations in Q2, the social media giant forecast Q3 revenue in the range of $32B–$34.5B.
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams."
Meta's cost-cutting actions and a rebound in ad income boosted the stock's performance this year, which has climbed by about 150%. The stock has been rated as a Strong Buy by sell-side analysts and Seeking Alpha's Quant Rating system.
Recently, Alphabet's unit Google (GOOG) (GOOGL), Meta Platforms (META), and Apple (AAPL) have received approval from U.S. regulators to deploy the new set of mobile AR/VR devices, including goggles and in-car connections. |
23798 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
SA contributor Dair Sansyzbayev, who is extremely optimistic about the company's near-term prospects, says, "Meta Platforms stock remains undervalued despite a tripling price since November 2022. Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams."
Meta's cost-cutting actions and a rebound in ad income boosted the stock's performance this year, which has climbed by about 150%. The stock has been rated as a Strong Buy by sell-side analysts and Seeking Alpha's Quant Rating system.
Recently, Alphabet's unit Google (GOOG) (GOOGL), Meta Platforms (META), and Apple (AAPL) have received approval from U.S. regulators to deploy the new set of mobile AR/VR devices, including goggles and in-car connections.
Consensus EPS Estimates: $3.60
Consensus Revenue Estimates: $33.43B
Earnings Insight: Meta has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports. |
23799 | Earnings week ahead: Amazon, Microsoft, Alphabet, Meta, Ford, GM and more
Quarterly earnings show revenue growth, profitability, and solid cash flow, while Meta's expansion and large user base present potential revenue streams."
Meta's cost-cutting actions and a rebound in ad income boosted the stock's performance this year, which has climbed by about 150%. The stock has been rated as a Strong Buy by sell-side analysts and Seeking Alpha's Quant Rating system.
Recently, Alphabet's unit Google (GOOG) (GOOGL), Meta Platforms (META), and Apple (AAPL) have received approval from U.S. regulators to deploy the new set of mobile AR/VR devices, including goggles and in-car connections.
Consensus EPS Estimates: $3.60
Consensus Revenue Estimates: $33.43B
Earnings Insight: Meta has topped EPS expectations in 4 of the past 8 quarters, beating revenue estimates in 5 of those reports.
Boeing (BA)
Boeing (BA) is preparing to report Q3 results after the closing bell on Wednesday. |
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