Tech Company Earnings Up, Even During COVID-19

Episode 1691 (09:03)

Spotify

Quarterly earnings reports reflected a modest growth for tech giants this week in spite of the outbreak. Spotify, for example, stated that every day is a weekend now, as daily listenership was up. Microsoft reported single-digit growth as well. But Leo says that doesn't mean next quarter won't be the same.

Advertising revenues, by contrast, have plummeted online as advertisers pull back.