Expedia beats analyst expectations, reports $2.6B in Q2 revenue buoyed by HomeAway and Hotels.com

Expedia’s Bellevue headquarters. (GeekWire Photo) Expedia reported $2.6 billion in revenue for the second quarter of 2017, an 18 percent increase over the same period last year. The Bellevue, Wash. based travel giant reported adjusted earnings of 89 cents per share, beating analysts expectations. Expedia’s gross bookings, including accommodations booked through HomeAway, increased 12 percent year-over-year to $22.8 billion. The company reported net income of $56.7 million (36 cents per share), a 79 percent improvement over the second quarter of 2016. Here are the results from Expedia’s financial release: Expedia’s second quarter of 2017 is an improvement over the first. During Q1, the company narrowly missed analysts’ expectations, reporting $2.2… Read More

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Mobile payments now account for 30% of Starbucks transactions as company posts $5.7B in revenue

Starbucks CEO Kevin Johnson. (GeekWire photo/Kevin Lisota) Starbucks continues to see increased usage of its mobile products as the coffee giant reported its quarterly earnings on Thursday. The company posted $5.66 billion in revenue for its third quarter, which is up 8 percent from last year but missed analyst expectations of $5.76 billion. Its non-GAAP earnings per share of $0.55 met expectations. Sales at its U.S. stores grew 5 percent year-over-year. Starbucks said payments made via mobile increased to 30 percent of transactions in U.S. stores; that’s up from 29 percent in the previous quarter and 27 percent in Q1. (GeekWire photo) Mobile Order and Pay, a feature that lets… Read More

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Another strong quarter for AWS: 42 percent jump in revenue to $4.1B

Amazon Web Services continues to drive the cloud computing industry. The cloud division of Amazon reported a 42 percent increase in revenue compared to the previous year, although profits were flat. Revenue for the second quarter was $4.1 billion, up from $2.9 billion in the year ago quarter. Operating income was $916 million, compared to $718 million in the second quarter last year. Microsoft, the nearest competitor to AWS, doesn’t break out revenue for its Azure service but said Azure revenue grew 97 percent its last fiscal quarter. That means the overall cloud market continues to soar, consider the number one and number two players in the market are enjoying… Read More

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Amazon misses big on quarterly profits even as sales jump 25% to $38B

Amazon posted a 25 percent increase in net sales for the second quarter, to $38 billion, but profits plunged to $197 million, or 40 cents a share, significantly below Wall Street’s expectations for its bottom line. The results indicate that Amazon is still spending heavily to grow its business. Analysts polled in advance of the earnings report expected Amazon to post $37.18 billion in revenue for the quarter, up 22 percent, with earnings of $1.42 per share. Amazon shares are down slightly in after-hours trading following the report. It was an eventful quarter, as Amazon announced an agreement to buy Whole Foods Market for $13.7 billion, the largest acquisition in… Read More

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Green power: Alameda program gets national nod

ALAMEDA – Alameda Municipal Power has earned national recognition for Alameda Green, a program that allows residents and businesses to match up to 100 percent of their monthly electricity use with renewable energy sourced from wind, biogas and solar projects. National Renewable Energy Laboratory, which is under the U.S. Department of Energy, put Alameda Green in a “Top 10” list for outstanding programs. It secured two rankings. The first highlighted the number of customers who take part in the program. Last year, 6.27 percent participated, putting the Alameda utility at eighth place on a list of green power programs. The second ranking resulted from the utility’s sales of green power… Read More

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Report: Oregon researchers use CRISPR to edit genes in human embryos

A pipette injects CRISPR-Cas9 gene-editing tools into a mouse embryo. Oregon researchers have reportedly conducted similar experiments using human embryos. (University of Utah Health Sciences Photo) Chinese researchers crossed a threshold last year when they used CRISPR-Cas9 gene-editing tools to modify human embryos, and now Oregon researchers have reportedly crossed it as well. The report in MIT Technology Review suggests that the team at Oregon Health and Science University in Portland improved upon the results from China by modifying embryos earlier in their development. However, the results have not yet been published. OHSU deferred comment on Tech Review’s report, pending publication in a scientific journal. Such experiments are controversial because… Read More

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We rode along with Seattle PD to see how cops are busting drivers violating new distracted driving law

Officer Kevin O’Neill issues a warning to a driver using her cell phone. (GeekWire Photo / Monica Nickelsburg). On his Wednesday morning commute, a Seattle man did something we’re probably all guilty of from time-to-time. He checked his email while waiting at a long stoplight. Unfortunately for him, Seattle Police Officer Kevin O’Neill and I were on a mission to find violators of Washington state’s new distracted driving law — and picking up your phone to check email at a light is now illegal. If you’re often tempted to check your phone while sitting in heavy Seattle traffic, you may want to pay attention. That behavior could cost you $136… Read More

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Amazon becoming a full-fledged film studio, will self-distribute Woody Allen’s ‘Wonder Wheel’

Director Woody Allen. (Via Shutterstock) Amazon has already proven itself to be a legitimate force in the movie industry by winning three Academy Awards this past February. Now the tech giant is poised to become an even bigger player as it moves to self-distribute of its own movies. Variety reports that Amazon Studios is going to release Woody’s Allen’s next film, “Wonder Wheel,” without relying on a distribution partner like it has in the past. Amazon won Oscars for “Manchester by the Sea” and “The Salesman” last year, and since it got into the business of buying and producing films it has relied on independent studios to bring the films… Read More

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Artificial Intelligence Is Just Another Talking Point

Elon Musk and Mark Zuckerberg are having a spat about whether or not artificial intelligence is going to kill us all. Musk, the chief of Tesla and SpaceX who has longstanding worries about the potentially apocalyptic future of AI, recently returned to that soapbox, making an appeal for proactive regulations on AI. “I keep sounding the alarm bell,” he told attendees at a National Governors Association meeting this month. “But until people see robots going down the street killing people, they don’t know how to react.” In a Facebook Live broadcast, Zuckerberg, Facebook’s CEO, offered riposte. He called Musk a “naysayer” and accused his doomsday fears of unnecessary negativity. “In… Read More

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Report: Expedia investing $350M in Indonesian travel site Traveloka

Expedia’s Bellevue headquarters. (GeekWire Photo) Travel giant Expedia is investing $350 million into Indonesian travel site Traveloka, in a move to gain a foothold in the growing Southeast Asia market, according to a report from The Information. Citing sources familiar with the deal, The Information reports that Traveloka is raising $400 million, with the bulk of that coming from Expedia. We’ve reached out to Expedia and will update this story if we hear back. Traveloka looks and functions a lot like Expedia, with options to book flights, hotels and travel packages. It serves six countries: Indonesia, Malaysia, Vietnam, Singapore, Thailand and the Philippines. As The Information notes, tech companies of… Read More

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