Apple TV+, Apple’s streaming service, has received numerous award nominations but is reportedly costing the company billions of dollars annually. Despite having 45 million subscribers, Apple TV+ has resulted in over $1 billion in losses per year. The service is part of Apple’s Services division, which brought in $26.3 billion in revenue in the last quarter of 2024, and has produced critically acclaimed shows like “Ted Lasso” and “The Morning Show.”
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CrowdStrike: Higher Sales, Higher Costs
CrowdStrike (NASDAQ: CRWD) recently released its financial report as it approaches the one-year mark since a significant global outage in July 2024. The cybersecurity firm exceeded earnings per share (EPS) estimates while matching revenue, although it experienced declines in earnings, free cash flow, and annual recurring revenue (ARR) compared to the previous year. The company is making strides in recovery from the incident, as indicated by these financial results. Full Article
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