— China-based tech firm Qutoutiao Inc. (NASDAQ: QTT) reported an adjusted loss of $0.27 per ADS for the fourth quarter of 2019, vs. a $0.31 per ADS loss expected.
— Q4 net revenue rose 25% to $238.2 million, vs $230 million expected. Advertising and marketing revenues climbed 27% to $228.2 million, primarily due to expanded user base and ability to monetize user traffic.
— In the fourth quarter, combined average MAUs jumped 47% to 137.9 million, and combined average DAUs surged 48% to 45.7 million.
— Average daily time spent per DAU was 59.4 minutes, down from 63 minutes reported in the fourth quarter of 2018.
— Expects net revenues to grow 25-27% in Q1 of 2020.
The pandemic-induced financial uncertainties have changed the dynamics of the consumer lending market. Customers are being drawn to online lending platforms that provide easy access to credit on convenient terms
While bitcoin and other digital currencies have seen a fair share of ups and downs so far this year, investor interest in cryptocurrency has grown undeniably during this period. The
Software giant Oracle Corporation (NYSE: ORCL) reported a 28% growth in fourth-quarter earnings, aided by an increase in revenues. The results also topped Wall Street's prediction. At $11.2 billion, revenues