Breaking Down Big Tech Earnings, Duolingo CEO on Upcoming Market Debut & LinkedIn CEO Ryan Roslansky

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 28 July 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

To start off the show, our anchors break down Alphabet, Apple and Microsoft earnings all released after the bell yesterday. Then, Duolingo CEO Luis Von Ahn joins in a First on CNBC Interview as the company makes its market debut today. Staying on the topic of IPOs, CNBC’s Kate Rooney covers all the risks to Robinhood ahead of its public debut. Then, CNBC’s Julia Boorstin covers the highlights from Spotify’s earnings report after speaking with CEO Daniel Ek on the quarter. Plus, LinkedIn CEO Ryan Roslansky joins in a rare interview after the social media company hit $10 billion in revenue for the fiscal year. We also discuss Senator Elizabeth Warren’s latest comments on crypto regulation.

Transcript

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0:00.0	I'm John Fort. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.9	Good Wednesday morning. Welcome to a huge hour of Tech Check. I'm Carl Kintanilla with John Fort and Dear Drubosa.
0:12.3	Today, jaw-dropping earnings results from Alphabet, from Apple, from Microsoft, in-depth breakdowns of those quarters are coming up next.
0:20.2	Then the CEO of Duolingo as he takes that company public today and the risks ahead for the Robin Hood IPO with that pricing tonight.
0:27.7	Later, it's more earnings.
0:29.4	We'll get some flashes on Spotify, AMD, plus the CEO of LinkedIn as that division wows for Microsoft D.
0:37.8	And we start with big tech earnings and of those blowout numbers, guys.
0:41.8	Apple record profits for the second quarter, services revenue, another record, gross
0:47.0	margin, stronger.
0:48.1	The stock is off a little bit this morning, but remember, this was up 20% over the last
0:53.7	seven weeks.
0:54.9	Microsoft, another monster quarter here.
0:56.9	Big earnings beat and an optimistic outlook for the second half.
1:00.1	Azure revenue up more than 50%.
1:02.2	The stock did dip slightly after the bell on worries about maintaining that growth trend,
1:08.0	but it is back in the green up about 1% at the moment.
1:11.8	Let's dig into Alphabet first, though.
1:13.4	This was already the best performing fang stop of the year, up 50%, adding another 4.5% right now.
1:22.2	Earnings beat, revenue up big, $62 billion, and that's nearly $6 billion greater than the street's estimates. That represents
1:29.0	the largest percentage jump in quarterly sales in about 14 years ad revenue, jumping 69%.
1:35.5	Another stat from the quarter, we can't get enough of them. YouTube revenue now nearly the same
1:40.4	as Netflix at $7 billion. And beyond this broader digital ad rebound, guys, which was well anticipated, it
	...

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