Transcript
A (0:00)
Economic shifts, geopolitical change In a world defined by disruption, what if leaders could turn uncertainty into advantage? Join SAP at the break to hear how organizations can stay resilient and stay ahead. Here's your afternoon TNB Tech minute for Tuesday, October 21st. I'm Julie Chang for the Wall Street Journal. Netflix has reported higher revenue and profit for the third quarter. Its revenue rose 17% to 11.5 billion dol, driven by subscription growth, price increases and higher ad revenue. The streaming giant said it recorded its best ever quarter for ad sales and is on track to more than double that this year. Net income increased nearly 8% to $2.5 billion, but that was below the nearly 3 billion it expected. Shares are up nearly 40% since the start of the year. We exclusively report that Coinbase have struck a deal to acquire Echo, which lets crypto companies raise capital on the blockchain for about 375 million DOL. Coinbase hopes the deal will give its customers access to more investment opportunities and allow it to offer more services to early stage companies. Coinbase is the country's largest crypto exchange and the Eko acquisition marks its eighth deal so far this year. The company has a market value of around $90 billion. Its shares are up about 40% so far this year as it's been capitalizing on President Trump's crypto friendly regime. And X Energy, which makes cooling equipment used in data centers and other facilities, is getting financial backing from Decarbonization Partners. The investment firm was formed by BlackRock and Singapore's Temasek to invest in clean energy businesses. Financial terms of the deal weren't disclosed. X Energy said it plans to use the fresh capital to create new products and build new factories, including a new facility in Arizona. And that's it for your T and B tech minutes. We'll have another quick tech update in the morning. Uncertainty is inevitable, but it doesn't have to hold your business back. Here's Sebastian Steinhauser of SAP again on how companies can adapt to the unpredictable and thrive Technology is the greatest tool in your tool set to help you create that capability to train that muscle in your enterprise to adapt fast to change in the environment. And that's where customers are turning to SAP now to say, hey SAP, you already run our most mission critical processes in our enterprise. Help us apply generative AI, agentic AI, apply this disruptive technology to improve our agility when it comes to making fast decisions for our business in a very uncertain economic environment. Learn more about how SAP helps businesses conquer uncertainty@SAP.com Uncertainty Custom content from WSJ is a unit of the Wall Street Journal Advertising Department. The Wall Street Journal news Organization was not involved in the creation of this content.