Revenue

Duolingo’s shares fell 27% after releasing weaker-than-expected guidance, signaling a focus on user growth over immediate revenue. While Q1 revenue surged 41% to $272M, exceeding estimates, bookings guidance for the next quarter disappointed. Despite a rise in paid subscribers to 11.5 million, daily and monthly active user numbers missed expectations. The company is leveraging AI for new features and courses but the market reacted negatively to the profitability outlook amid increased investment in long-term user acquisition.

Qualcomm reported strong fiscal Q4 results, exceeding expectations with adjusted EPS of $3.00 and revenue of $11.27 billion. They forecast strong Q1 revenue and EPS, driven by handsets, automotive, and upcoming AI offerings. Facing the anticipated loss of Apple as a modem customer, Qualcomm is diversifying into PCs, VR/AR, and AI chips, directly challenging Nvidia and AMD in the data center AI space with new AI accelerator chips. Handset and automotive revenue saw significant growth, while licensing revenue declined slightly.

Figma (FIG) reported strong Q3 results, exceeding revenue expectations at $274.2 million, a 38% year-over-year increase. The company’s adjusted EPS was 10 cents. While reporting a net loss primarily due to stock-based compensation, Figma’s adjusted operating margin stood strong at 12%. Growth is fueled by the adoption of Figma Make, its AI-powered design tool, used weekly by 30% of major clients. Net dollar retention rate reached 131%. Figma anticipates Q4 revenue between $292M and $294M. Recent acquisition of Weavy further enhances Figma’s AI capabilities.

Snap shares jumped 15% after Q3 earnings beat revenue expectations with $1.51 billion and the announcement of a $500M stock repurchase program. A key driver is a partnership with Perplexity AI, integrating its search into Snapchat in 2026 for $400M, enhancing user experience and AI platform capabilities. While Q4 sales are projected at $1.68-1.71B, the company acknowledged potential user engagement declines due to regulations and platform changes. Snap is also creating a subsidiary for Specs AR glasses.

DoorDash (DASH) Q3 revenue beat estimates, but earnings missed due to planned 2026 spending, causing a 9% stock drop. Revenue grew 27%, with total orders surging to 776 million. Investment focuses on a new global tech platform and automation, including the “Dot” robot. DoorDash projects Q4 Adjusted EBITDA below analysts’ expectations. The recent Deliveroo acquisition for $3.9 billion marks a significant international expansion, with anticipated contribution to EBITDA in Q4 and 2026.

Spotify’s Q3 earnings exceeded revenue expectations, but Q4 guidance for revenue and subscriber growth disappointed investors, causing a stock dip. While EPS and revenue beat estimates, premium subscriber numbers fell slightly short. A recent price hike had limited short-term impact. Ad revenue declined, contrasting premium revenue growth. Despite this, MAUs exceeded projections, boosted by mobile free tier enhancements. Spotify is leveraging AI, partnering with labels and integrating with ChatGPT, while navigating brand challenges from CEO’s investment choices.

AMD’s Q3 results exceeded expectations with $9.25B revenue and $1.20 adjusted EPS. Revenue grew 36% YoY, driven by strong performance across key segments. Q4 revenue is projected at $9.6B, up 25% YoY, with a 54.5% gross margin. The company’s guidance excludes Instinct MI308 chip revenue to China. Strategic partnerships with OpenAI and Oracle, and Amazon’s sale of AMD shares highlight key developments. The company’s success in AI and other key areas intensifies its rivalry with Nvidia.

Despite reporting better-than-expected Q3 revenue ($13.47B vs. $13.28B expected) and strong growth (revenue up 20% YoY), Uber shares fell 5%. Key highlights included EPS of $3.11, a 22% increase in trips to 3.5 billion, and a surge to 189 million monthly active platform consumers. Net income nearly tripled to $6.6B, boosted by tax and investment benefits. Uber anticipates Q4 gross bookings of $52.25B-$53.75B and adjusted EBITDA of $2.41B-$2.51B. CEO Khosrowshahi emphasized innovation, affordability, and AI integration as drivers of future growth.

ADTRAN Holdings reported better-than-expected Q3 2025 financial results, demonstrating revenue and operating margin above expectations. CEO Tom Stanton highlighted disciplined execution and broad-based growth. The company anticipates Q4 revenue between $275.0 million and $285.0 million, with a non-GAAP operating margin of 3.5% to 7.5%. ADTRAN is focusing on network disaggregation and open communication networks, positioning itself to capitalize on increasing demand. A conference call to discuss the results was held on November 4, 2025.

Palantir (PLTR) reported strong quarterly results, exceeding expectations with $1.18 billion in revenue and adjusted EPS of 21 cents. The company’s AI Platform (AIP) is driving growth, reflected in a 63% revenue surge and a more than tripled net income. Q4 revenue guidance is optimistic at $1.33 billion. U.S. government and commercial sectors saw substantial growth. Palantir raised full-year revenue and free cash flow forecasts. Fueled by retail investor enthusiasm, shares have surged. CEO Karp acknowledges AI market risks but asserts Palantir’s strength.