27 October 2016

Q3 2016 Results, LIVE Webcasts Oct 27 $GOOG $NSR $VRSN $AMZN

Note: Domain Mondo Twitter $TWTR results coverage here.

The Numbers Don't Lie: Alphabet Earnings Preview: Bloomberg's Scarlet Fu previews Alphabet's third-quarter earnings report.--Bloomberg.com

1-year charts of $GOOG, $NSR, $VRSN, $AMZN (click image to enlarge)
Note: this post will be updated after earnings are released.
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Alphabet Inc. (f/k/a Google Inc.)
Alphabet Inc. is a U.S.-based multinational conglomerate founded on October 2, 2015, via reorganization of Google Inc., with headquarters in Mountain View, CA.
Stock exchange: symbol | NASDAQ: GOOG | NASDAQ: GOOGL
Principal domains: abc.xyz (investor relations) | google.com

Alphabet Inc. (NASDAQ: GOOG, GOOGL) will hold its quarterly conference call and webcast to discuss third quarter 2016 financial results on Thursday, October 27th at 4:30 p.m. EDT.

LIVE webcast here. A replay of the webcast will be available through the same link following the conference call. Go to the Investor Relations website on October 27, 2016 to view the earnings release prior to the conference call.

Earnings Press release “We had a great third quarter, with 20% revenue growth year on year, and 23% on a constant currency basis. Mobile search and video are powering our core advertising business and we’re excited about the progress of newer businesses in Google and Other Bets,” said Ruth Porat, CFO of Alphabet.
Webcast replay

Alphabet (GOOG) Q3 2016 Results - Earnings Call Transcript | SeekingAlpha.com"In video, YouTube continues to shine. More than 1 billion monthly users are watching hundreds of millions of hours every single day. YouTube has become the platform of choice for major brands, with a highly engaged audience, the best formats, and industry-leading measurement tools. Recent research found that nearly half of U.S. adults between the ages of 18 and 54 say that at least once a month, YouTube helps them in making a decision about buying something. One format that's been working really well for ad prices are bumper ads, which are snackable, 6-second videos that help brands drive incremental reach and frequency. Brands like Universal Pictures have been pairing these shorter videos with their standard length ads on YouTube, and they're seeing great results, especially on mobile."--Sundar Pichai, CEO, Google, Inc.

Earnings results beat estimates. Segments: Google (revenue $22.254B vs $18.534B Y/Y, operating income $6.778B vs $5.807B Y/Y), Other Bets (revenue $197M vs $141M Y/Y, operating loss $865M vs $980M Y/Y). Stock repurchase of up to $7B of Class C capital stock authorized.
See also previous posts on Domain Mondo about Alphabet and ABC.xyz Party Over? Alphabet $GOOG $GOOGL Cracks Down on Costs, Layoffs Ensue, Division CEOs Quit"The other big entity in “Other Bets” is Nest Labs, which makes internet-connected thermostats and the like. In a brilliant move, Google had acquired it in 2014 for a breath-taking $3.2 billion. But by now, this move has become very unbrilliant."--WolfStreet.com and
Google Curbs Expansion of Fiber Optic Network, Cutting Jobs | NYTimes.com Oct 25, 2016: "The company does not disclose financial results for Access. But its other-bets businesses reported revenue of $185 million in the second quarter of this year and an operating loss of $859 million. The Fiber business accounted for the bulk of $280 million in quarterly capital expenditures — money spent on things like equipment, the company said."
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Neustar, Inc.
Neustar, Inc. is a U.S.-based domain name registry and technology services company, with headquarters in Sterling, VA.
Stock exchange: symbol | NYSE: NSR
Principal domain: neustar.biz
Investor Relations: http://www.neustar.biz/about-us/investor-relations

Neustar, Inc. (NYSE: NSR) will report its third quarter 2016 results on Thursday, October 27, 2016 after the close of regular trading. This release will be followed by a teleconference and webcast beginning at 4:30 p.m. EDT.

LIVE webcast (and replay) here.

Those wishing to participate in the teleconference should call 800-406-5356 (international callers should dial 913-312-0844) and enter PIN 5676166 a few minutes prior in order to register. A replay of the call will be available through 11:59 p.m. (Eastern Time) on Thursday, November 3, 2016 by dialing 844-512-2921 (international callers should dial 412-317-6671) and entering PIN 5676166.

Q3 2016 Neustar Earnings:  Q3 EPS of $2.18 beat consensus estimate by $0.84. Revenues of $300.08M (+14.7% Y/Y) missed consensus estimate by $9.86M.

Results for Third Quarter 2016 Compared to Third Quarter 2015
  • Revenue increased 15% to $300.1 million
  • Marketing Services revenue increased 54% to $63.3 million
  • Security Services revenue increased 18% to $51.0 million
  • Net income increased 5% to $53.0 million or $0.96 per share. Net income for the third quarter of 2016 included a $23.1 million discrete income tax benefit associated with the liquidation for tax purposes of one of the company’s domestic subsidiaries
Neustar's (NSR) CEO Lisa Hook on Q3 2016 Results - Earnings Call Transcript | SeekingAlpha.com"... our overall results for the third quarter came in below our expectations. The shortfall was due to a specific issue, new logo acquisition at market share. We are acting with focus and urgency to strengthen our sales and marketing execution and to get these logo acquisitions back on track .... On August 31, the Transition Oversight Manager or TOM provided an NPAC transition update. The new timeframe called for transition to take place in May of 2018, nearly a year later than the previously published estimate ... Now, let me provide a brief update on our plan to separate Neustar into two publicly traded companies. We have hired third party advisors to assist with the separation and with organization design. We’ve refinanced and continue to pay-down debt to position both entities for financial success. As we mentioned before, we expect to provide financial details for the two entities during the first quarter of 2017. And we will continue to provide updates as the process unfolds .... "

Webcast - Live & Replay
New Release
Third Quarter 2016 Supplemental Materials (pdf)
10-Q

See also: Previous DomainMondo.com posts on Neustar.
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Verisign Inc. 
Verisign, Inc. is a U.S.-based domain name registry services, internet security and infrastructure company, with headquarters in Reston, Virginia. Verisign operates 2 of the Internet's 13 root name servers, the authoritative registry for the .com, .net, and .name generic top-level domains (gTLDs) and the .cc and .tv country-code top-level domains (ccTLDs), and the back-end systems for the .jobs, .gov, and .edu top-level domains. Verisign also offers security services, including managed DNS, distributed denial-of-service (DDoS) attack mitigation and cyber-threat reporting.
Stock exchange: symbol | NASDAQ: VRSN
Principal domain: verisign.com

VeriSign, Inc. Investor Relations: earnings call for the third quarter 2016 will take place on Thursday, Oct. 27, 2016, at 4:30 p.m. EDT. The earnings news release will be distributed prior to the call at approximately 4:05 p.m. EDT that day and will also be available directly from the company's website at https://investor.verisign.com.

Oct. 27, 2016, at 4:30 p.m. EDT earnings call and webcast:
  • Listen-only LIVE webcast at investor.verisign.com/events.cfm (and audio archive of the call). 
  • Live teleconference call accessible by direct dial at (888) 676-VRSN (U.S.) or (913) 312-1475 (international), conference ID: Verisign. 
Q3 2016 Verisign Earnings--Third Quarter GAAP Financial Results--VeriSign, Inc. and subsidiaries (“Verisign”) reported revenue of $288 million for the third quarter of 2016, up 8.2 percent from the same quarter in 2015. Verisign reported net income of $114 million and diluted earnings per share (diluted “EPS”) of $0.90 for the third quarter of 2016, compared to net income of $92 million and diluted EPS of $0.70 for the same quarter in 2015. The operating margin was 60.8 percent for the third quarter of 2016 compared to 58.1 percent for the same quarter in 2015.

Q3 EPS of $0.93 beat consensus estimate by $0.06. Revenues of $287.55M (+8.2% Y/Y) beat consensus estimate by $0.47M.

VeriSign Q3 2016 Results - Earnings Call Transcript | SeekingAlpha.com: "... we are really waiting to take a look at those names as they come up for renewal in the middle of November and early December we will get a better look at that, and once we have a better look at that it will give us a little more clarity into Q1. But we have always said, the Q4 is a relatively unique event. There’s over 4 million [domain] names that are really coming up for renewal as a result of the demand that happened last year. And so we are really waiting to take a look at that before we provide guidance to Q1."--George Kilguss, Verisign EVP and Chief Financial Officer

Business Highlights 
• On Oct. 20, 2016, Verisign announced that the U.S. Department of Commerce approved the extension amendment to the .com Registry Agreement with the Internet Corporation for Assigned Names and Numbers, pursuant to which Verisign will remain the sole registry operator for the .com registry through November 30, 2024. 
• Verisign ended the third quarter with 144.1 million .com and .net domain name registrations in the domain name base, a 6.6 percent increase from the end of the third quarter of 2015, and a net increase of 0.90 million during the third quarter of 2016. 
• In the third quarter, Verisign processed 8.3 million new domain name registrations for .com and .net, as compared to 9.2 million for the same quarter in 2015. 
• The final .com and .net renewal rate for the second quarter of 2016 was 73.8 percent compared with 72.7 percent for the same quarter in 2015. Renewal rates are not fully measurable until 45 days after the end of the quarter.
See Domain Mondo's previous posts on Verisign.
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Amazon.com, Inc.
Amazon.com, Inc., often referred to as simply Amazon, is a U.S.-based e-commerce and cloud computing company with headquarters in Seattle, Washington.
Stock exchange: symbol | NASDAQ: AMZN
Principal domain: amazon.com

Amazon.com, Inc. (NASDAQ: AMZN) will hold a conference call to discuss its third quarter 2016 financial results on October 27, 2016, at 5:30 p.m. ET.

LIVE webcast: www.amazon.com/ir. Audio and associated slides will be available for at least three months thereafter.
Webcast Q3 2016 Amazon.com Inc Earnings Conference Call (Live and replay) 10/27/16 at 2:30 p.m. PT

Revenues $32.7B (+28.9% Y/Y), consisent with estimates, EPS $0.52 ($0.26 less than consensus estimate), operating cash flow for trailing twelve months $14.6B (+49% Y/Y), free cash flow for trailing twelve months $8.6B ($5.4B Y/Y), net sales $32.7B (+29% Y/Y), operating income $575M (vs $406M Y/Y), net income $252M (vs $79M Y/Y)

Segment revenues: North America $18.874B (+26% Y/Y), international $10.609B (+28% Y/Y), AWS $3.231B (+55% Y/Y), Consolidated $32.714B (+29% Y/Y).

Q4 projections: Net sales of $42B-$45.5B (17%-27% Y/Y growth), operating income between $0-$1.25B (vs $1.1B Y/Y).

Amazon.com (AMZN) Q3 2016 Results - Earnings Call Transcript | SeekingAlpha.com"... So first on your video comment. We're in four countries right now, the U.S., UK, Germany and Japan. And we have stated that we will be in India soon. So the content that we are creating, especially through Amazon Studios, we are generally holding the worldwide rights to and can use that in other countries as well. And the cost of that then gets amortized to those countries. It becomes part of the International segment results. So yes, and we consider that to be very valuable as opposed to, versus licensing many times by country, the third-party rights to content that we don't create ourselves."--Brian T. Olsavsky, ‎SVP, Chief Financial Officer, Amazon.com, Inc.

See also previous posts about Amazon on DomainMondo.com.
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Recap: Q3 2016 earnings and LIVE webcasts, October 27, 2016:
  • Twitter TWTR Oct 27 8:00am
  • Alphabet GOOG GOOGL Oct 27 4:30pm
  • Neustar NSR Oct 27 4:30pm
  • Verisign VRSN Oct 27 4:30pm
  • Amazon AMZN Oct 27 5:30pm

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