財報

This category focuses on taking apart individual quarters, currently covering Q4 2025 for Amazon, Google, Uber and Coinbase, plus TSMC’s January 2026 monthly revenue. Each post starts from the single number most worth looking at, then traces what drove it: capital expenditure for Amazon; the first year above $400bn in revenue and Gemini’s monthly actives for Google; the divergence between revenue growth and book net income for Uber; the shift in revenue mix as Coinbase moves from exchange to full-service platform; and the year-over-year jump behind TSMC’s record month. US and Taiwan disclosure rules differ, and posts state the applicable basis.