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Facebook doubles profit on strong growth in user numbers during Q2, sees pressure for ad revenue

2020-07-31 11:37:00| Telecompaper Headlines

(Telecompaper) Facebook doubled its net profit in the second quarter amid continued high engagement on its network amid the covid-19 pandemic, even as revenue growth slowed to 11 percent. The company noted however that it was seeing signs of normalisation in user growth and engagement as lockdown measures ease in some parts of the world, particularly in developed markets where the company's penetration is higher. The company expects the daily and monthly user growth to sequentially flatten or even decline in the third quarter as shelter-in-place measures restrictions continue to lessen.

Tags: user strong numbers growth

 

Covanta Reports Strong Q2 2020 Results

2020-07-31 09:00:00| Waste Age

Bright Spots in Volumes and Tip Fees Offset Increased Maintenance Costs and the Covid Effect

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Shell, Total Avoid Second-quarter Loss With Strong Trading Business

2020-07-30 20:25:00| OGI

Shell's oil and gas production division, or upstream, made a loss of $6.7 billion as production declined by 7% from a year earlier to 2.415 million boe/d.

Tags: total business strong loss

 

Waste Management Q2 Strong Results with Robust Volumes and Earnings Despite $400 Million COVID Hit

2020-07-30 15:13:00| Waste Age

Waste Management, Inc. (WM) announced solid financial results for Q2 2020 despite a negative revenue impact of $400 million due to COVID-19-related business interruptions. The company had a stronger than expected performance and credited its resil

Tags: results management hit strong

 

Eutelsat 8 West B selected by Strong Roots for Ethiopian FTA DTH

2020-07-29 11:00:51| Digital TV News

Strong Roots Ethiopia Broadcasting Service has taken Ku-band capacity on EUTELSAT 8 West B (Paris: ETL). Strong Roots plans to launch an FTA DTH platform covering Ethiopia as well as Ethiopian diaspora in zones within the satellites footprint, notably the Middle East.

Tags: west selected strong roots

 

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