October 30, 2025 • 10 mins
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Amazon (AMZN) climbs 11% after 3Q sales and profit topped estimates. Amazon's cloud unit posted the strongest growth rate in almost three years, reassuring investors concerned that the largest seller of rented computing power was losing ground to rivals.
- Roku (ROKU) shares are down 8.5% in extended trading, after the streaming-video platform company reported its third-quarter results.
- Zillow (Z) dipped lower after the company announced third-quarter results that exceeded analyst estimates, with adjusted earnings before interest, taxes, depreciation and amortization of $165 million.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:09):
This is the closing bell on this stock movers report
the company's making moves at the close of US trading
with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Fool.
Speaker 3 (00:22):
All right, I'm going to go back to the S
and P. Five hundred as I normally do. Two hundred
and thirty five names in that index. Folks gaining ground
on this Thursday, two hundred and sixty six to the downside.
Three Katie unchanged.
Speaker 4 (00:33):
All right, you take a look at the sectors not
looking too good here, only three sectors in the green.
You can see a lot of pain coming through the
tech sector on this day in terms of what did well.
Real estate, which is a little bit curious of about
seven tens of percent, Financials and healthcare, some of your
lone outperformers on a day where really it seems like
(00:53):
a lot of the market wanted to fall.
Speaker 3 (00:55):
All right, let's get to some of the individual gainers.
A lot of red there on that screen. But Google
finishing off it's best levels of the session, still good
for a gain of two point five percent, and we
got Amazon out.
Speaker 1 (01:06):
Amazon earning is crossing the wire right now. In the
third quarter, we're going to start with Amazon Web Services
Net sales for that division thirty three billion dollars.
Speaker 2 (01:16):
That's light.
Speaker 1 (01:17):
The street was looking for thirty two point four billion dollars,
so a miss for Amazon Web Services. As far as
total sales for the company, that came in at one
hundred and eighty point two billion dollars. That is a beat.
The street was looking for one hundred and seventy seven.
We'll just round it up to one hundred and seventy
eight billion dollars EPs side a dollar ninety five, the
street was looking for a dollar fifty eight. An operating
(01:39):
margin coming in light at nine point seven percent. The
street was looking for eleven point one. So just to
round up here, operating margin is amiss for the quarter,
and Amazon Web Services Net sales are amiss, though top
line sales as well as the full bottom line adjusted
EPs are a beat. You see the shares there moving
up about eight percent.
Speaker 4 (01:57):
Yeah. Absolutely, And you take a look at the press
release and each president and CEO of Amazon talking up
the strong momentum and growth across Amazon is AI drives
meaningful improvements in every corner of our business. Some comments
on AWS two, Andy Jassey saying that AWS is growing
at a pace we haven't seen since twenty twenty two,
reaccelerating to twenty point two percent year over year, and
(02:19):
you can see maybe some of that being expressed in
the shares right now.
Speaker 1 (02:22):
And we got a forecast coming out now, guys here
on the fourth quarter net sales, the company saying that
it's going to see a range of about two hundred
and six to two hundred and thirteen billion. The street
was looking for roughly about two oh weeight and change,
so basically guiding around what the street had already sort
of priced in. As far as operating income for the
current quarter, the company says expect twenty one to twenty
six billion, so a wide range. The street was looking
(02:44):
for something in the middle of that of about twenty
three point eight.
Speaker 5 (02:47):
Carol so Katie looked at the commentary for Andy Jassey
on AWS on the Storoare side of things is what
I'm looking at right now. Andy Jasse calling out expanding
same day delivery of perishable grocery. They've expanded that to
over twenty three hundred communities. They'll do that by the
end of the year. They plan a double number of
rural communities with access to Amazon's same day and next
(03:08):
day delivery. Still looking for any commentary on the consumer
and how they're feeling. And look, we're going to know
we're gonna get a lot of questions about those layoffs
that were that we learned about earlier this week, as well.
Speaker 3 (03:17):
Aws growing at a pace we haven't seen since twenty
twenty two. There's some commentary from Andy Jasse over to Amazon. Man,
that's stock. Amazon is up ten percent here in the aftermarket,
So investors liking what they got here, Katie.
Speaker 4 (03:31):
Yeah, absolutely significant for Amazon. You consider that relative to
its own history, it's the cheapest among the big tech
names going into that print. But let's take a look
at Roku shares coming through full year net revenue forecasts
meeting estimates here. They actually they boost that full year
net revenue forecast. They met their estimates on the look ahead,
(03:51):
but you can see that their shares are falling ten
percent postmarket right now. They see full year net revenue
four point six y nine billion dollars. They had seen
four point sixty five billion dollars. The estimate had been
for four point sixty six billion dollars. But stilly, you
can see the shares really taking whack in the after
hours now down fourteen percent.
Speaker 1 (04:10):
Yeah, I just want to point out too, just real
quickly here on Gilliad. Gilliad actually out with this results
as well. It looks like a sort of softness on
a couple of key measures. But let's go back to
Amazon here, because the shares continued to get a strong
bid here. The company now re saying that it can
reaccelerate AWS growth to twenty point two percent year over year.
That we should point out in the most recent quarter
(04:31):
growth in that unit was already about twenty percent, So
we'll try to get you some more details on that.
The company also talking about the costs for some of
the layoffs, saying that it is estimated that there were
about one point eight billion dollars in severance costs in
the most recent quarter, as well as two point five
billion dollars in costs related to a legal sediment settlement
(04:51):
with the Federal Trade Commission.
Speaker 5 (04:53):
Here that was the most recent quarter, so that doesn't
account for what happened exactly the current quarter. I'm getting
more numbers here from from Amazon worth going over some
of these they're worth repeating. Net sales for the third
quarter up thirteen percent year over year to one hundred
and eighty point seventeen billion. Online stores net sales up
nine point eight percent to sixty seven point four to
(05:13):
one billion. The company is saying that subscription service net
sales excluding FX up ten percent. AWS net sales excluding
FX up twenty percent. Earnings per share one dollar and
ninety five cents versus one dollar and sixty eight cents
quarter over quarter. Operating income coming in seventeen point four
to two billion dollars versus seventeen point four to one
(05:34):
billion dollars year over year the estimate nineteen point seven
two billion dollars.
Speaker 3 (05:38):
All right, Zillo dropping in the after market. Let's go
to the numbers. Third quarter revenue, folks, that's a beat.
Six hundred and seventy six million dollars. The estimate on
the street was six hundred and seventy point nine million.
Third quarter just to dps two pennies better forty four
cents versus an estimate on the street of forty two cents.
The fourth quarter outlook this is always key company. Zillo
(05:59):
seeing fourth quarter revenue six hundred forty five million to
six hundred and fifty five million, so that too is
above the street estimate of six hundred and forty four
point three million, and mortgage's revenue fifty three million. That's
above the estimate of fifty point two but nonetheless, Zillow
down about one percent here in the aftermarket.
Speaker 1 (06:18):
I just want to we've been talking about the rapid
rise and shares an Amazon. Amazon not the best performer
in the after hour straight It is a Lassian ticker.
Team shares up twelve percent in the most recent quarter,
its fiscal first quarter, the company came in with a
big beat on the bottom line, a dollar four share
for EPs. The street was looking for eighty four cents.
Cloud revenue coming in above estimates too, at about nine
(06:38):
hundred and ninety eight million dollars in the company guiding
for its fiscal second quarter the current quarter saying that
revenue overall will be about one point five four billion
dollars above street estimates, and it sees cloud revenue in
the current quarter year over year rising twenty three percent.
Speaker 5 (06:56):
Okay, I'm looking at coinbase shares hire by just about
one percent in the after hours. The third quarter total
revenue coming in above estimates ever so slightly one point
eight seven billion versus estimates of one point eight billion.
Coin based third quarter trading volume coming in just shy
of estimates. A two hundred ninety five billion dollars third
quarter subscription and services revenue coming in above estimates at
(07:17):
seven hundred and forty seven million dollars. Third quarter transaction
revenue coming above estimates at one point h five billion dollars.
Shares now moving too much in the after hours, bouncing
between gains and losses, down just about one tenth of
one percent.
Speaker 4 (07:30):
Interesting the trading volume missed on expectations for coinbase. You
think about all the volatility that we've seen in bitcoin
and crypto overall, but not exactly translating into big volumes
for coinbas at least relative to expectations. Let's talk about
Reddit though, getting those numbers out their third quarter daily
active users, that figure actually beat estimates, coming in at
one hundred and sixteen million. The estimate had been for
(07:53):
just over one hundred and fourteen million. You can see
the reaction in shares ray Now, then you think about
the third quarter net income that measure big beat there,
one hundred and one hundred and sixty two point seven
million dollars. The estimate had been for one hundred and
four million dollars. So a beat for Reddit when it
comes of course to Daly active users, a very closely
washed metric. And also their net income shares up eleven
(08:15):
percent in the after hours trade right now.
Speaker 3 (08:16):
All right, so a movement by Twilio as well, the
cloud computing platform. This company talking about the outlook seeing
fiscal you're adjusted operating income of nine hundred million to
nine hundred and ten million, that is above what the
street is looking for. The estimate is eight hundred and
sixty seven point nine million. Also a fiscal year organic
revenue they're looking for up eleven point three percent to
(08:39):
up eleven point five percent. They had seen nine percent
to ten percent growth. So again we're seeing that one
pop remain almost six percent higher here in the aftermarket.
Speaker 1 (08:48):
And as we look at some of the big gainers
in the after hours trade, keep an eye on Floor
and decre the Home Floor Company, if you will, saying
that it's going to elevate its president to CEO, Bradley Paulson,
who had been president at the company for some time.
We'll be taking over as CEO for Thomas Taylor, who
will be elevated to the chairman role here though, shares
up seven percent.
Speaker 5 (09:08):
Hey, I just want to go back.
Speaker 3 (09:09):
I'm sorry, remain I just want to go back to
Amazon if I may, which has been popping here in
the aftermarket. One of the things that investors were looking
for is to their investments in Anthropic, a key rival
to open Ai. Third quarter twenty twenty five net income
includes pre tax gains of nine and a half billion,
included in non operating income from their investments in Anthropics.
(09:30):
So again, this is something that is certainly key, and
I'll probably come up on that call.
Speaker 2 (09:35):
This stock mover's report from Bloomberg Radio. Check back with
us throughout the day for the latest roundup of companies
making news on Wall Street and for the latest market
moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Bloomberg dot com, and on Applecarplay and Android Auto with
the Bloomberg Business app.
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:09):
This is the closing bell on this stock movers report
the company's making moves at the close of US trading
with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Fool.
Speaker 3 (00:22):
All right, I'm going to go back to the S
and P. Five hundred as I normally do. Two hundred
and thirty five names in that index. Folks gaining ground
on this Thursday, two hundred and sixty six to the downside.
Three Katie unchanged.
Speaker 4 (00:33):
All right, you take a look at the sectors not
looking too good here, only three sectors in the green.
You can see a lot of pain coming through the
tech sector on this day in terms of what did well.
Real estate, which is a little bit curious of about
seven tens of percent, Financials and healthcare, some of your
lone outperformers on a day where really it seems like
(00:53):
a lot of the market wanted to fall.
Speaker 3 (00:55):
All right, let's get to some of the individual gainers.
A lot of red there on that screen. But Google
finishing off it's best levels of the session, still good
for a gain of two point five percent, and we
got Amazon out.
Speaker 1 (01:06):
Amazon earning is crossing the wire right now. In the
third quarter, we're going to start with Amazon Web Services
Net sales for that division thirty three billion dollars.
Speaker 2 (01:16):
That's light.
Speaker 1 (01:17):
The street was looking for thirty two point four billion dollars,
so a miss for Amazon Web Services. As far as
total sales for the company, that came in at one
hundred and eighty point two billion dollars. That is a beat.
The street was looking for one hundred and seventy seven.
We'll just round it up to one hundred and seventy
eight billion dollars EPs side a dollar ninety five, the
street was looking for a dollar fifty eight. An operating
(01:39):
margin coming in light at nine point seven percent. The
street was looking for eleven point one. So just to
round up here, operating margin is amiss for the quarter,
and Amazon Web Services Net sales are amiss, though top
line sales as well as the full bottom line adjusted
EPs are a beat. You see the shares there moving
up about eight percent.
Speaker 4 (01:57):
Yeah. Absolutely, And you take a look at the press
release and each president and CEO of Amazon talking up
the strong momentum and growth across Amazon is AI drives
meaningful improvements in every corner of our business. Some comments
on AWS two, Andy Jassey saying that AWS is growing
at a pace we haven't seen since twenty twenty two,
reaccelerating to twenty point two percent year over year, and
(02:19):
you can see maybe some of that being expressed in
the shares right now.
Speaker 1 (02:22):
And we got a forecast coming out now, guys here
on the fourth quarter net sales, the company saying that
it's going to see a range of about two hundred
and six to two hundred and thirteen billion. The street
was looking for roughly about two oh weeight and change,
so basically guiding around what the street had already sort
of priced in. As far as operating income for the
current quarter, the company says expect twenty one to twenty
six billion, so a wide range. The street was looking
(02:44):
for something in the middle of that of about twenty
three point eight.
Speaker 5 (02:47):
Carol so Katie looked at the commentary for Andy Jassey
on AWS on the Storoare side of things is what
I'm looking at right now. Andy Jasse calling out expanding
same day delivery of perishable grocery. They've expanded that to
over twenty three hundred communities. They'll do that by the
end of the year. They plan a double number of
rural communities with access to Amazon's same day and next
(03:08):
day delivery. Still looking for any commentary on the consumer
and how they're feeling. And look, we're going to know
we're gonna get a lot of questions about those layoffs
that were that we learned about earlier this week, as well.
Speaker 3 (03:17):
Aws growing at a pace we haven't seen since twenty
twenty two. There's some commentary from Andy Jasse over to Amazon. Man,
that's stock. Amazon is up ten percent here in the aftermarket,
So investors liking what they got here, Katie.
Speaker 4 (03:31):
Yeah, absolutely significant for Amazon. You consider that relative to
its own history, it's the cheapest among the big tech
names going into that print. But let's take a look
at Roku shares coming through full year net revenue forecasts
meeting estimates here. They actually they boost that full year
net revenue forecast. They met their estimates on the look ahead,
(03:51):
but you can see that their shares are falling ten
percent postmarket right now. They see full year net revenue
four point six y nine billion dollars. They had seen
four point sixty five billion dollars. The estimate had been
for four point sixty six billion dollars. But stilly, you
can see the shares really taking whack in the after
hours now down fourteen percent.
Speaker 1 (04:10):
Yeah, I just want to point out too, just real
quickly here on Gilliad. Gilliad actually out with this results
as well. It looks like a sort of softness on
a couple of key measures. But let's go back to
Amazon here, because the shares continued to get a strong
bid here. The company now re saying that it can
reaccelerate AWS growth to twenty point two percent year over year.
That we should point out in the most recent quarter
(04:31):
growth in that unit was already about twenty percent, So
we'll try to get you some more details on that.
The company also talking about the costs for some of
the layoffs, saying that it is estimated that there were
about one point eight billion dollars in severance costs in
the most recent quarter, as well as two point five
billion dollars in costs related to a legal sediment settlement
(04:51):
with the Federal Trade Commission.
Speaker 5 (04:53):
Here that was the most recent quarter, so that doesn't
account for what happened exactly the current quarter. I'm getting
more numbers here from from Amazon worth going over some
of these they're worth repeating. Net sales for the third
quarter up thirteen percent year over year to one hundred
and eighty point seventeen billion. Online stores net sales up
nine point eight percent to sixty seven point four to
(05:13):
one billion. The company is saying that subscription service net
sales excluding FX up ten percent. AWS net sales excluding
FX up twenty percent. Earnings per share one dollar and
ninety five cents versus one dollar and sixty eight cents
quarter over quarter. Operating income coming in seventeen point four
to two billion dollars versus seventeen point four to one
(05:34):
billion dollars year over year the estimate nineteen point seven
two billion dollars.
Speaker 3 (05:38):
All right, Zillo dropping in the after market. Let's go
to the numbers. Third quarter revenue, folks, that's a beat.
Six hundred and seventy six million dollars. The estimate on
the street was six hundred and seventy point nine million.
Third quarter just to dps two pennies better forty four
cents versus an estimate on the street of forty two cents.
The fourth quarter outlook this is always key company. Zillo
(05:59):
seeing fourth quarter revenue six hundred forty five million to
six hundred and fifty five million, so that too is
above the street estimate of six hundred and forty four
point three million, and mortgage's revenue fifty three million. That's
above the estimate of fifty point two but nonetheless, Zillow
down about one percent here in the aftermarket.
Speaker 1 (06:18):
I just want to we've been talking about the rapid
rise and shares an Amazon. Amazon not the best performer
in the after hour straight It is a Lassian ticker.
Team shares up twelve percent in the most recent quarter,
its fiscal first quarter, the company came in with a
big beat on the bottom line, a dollar four share
for EPs. The street was looking for eighty four cents.
Cloud revenue coming in above estimates too, at about nine
(06:38):
hundred and ninety eight million dollars in the company guiding
for its fiscal second quarter the current quarter saying that
revenue overall will be about one point five four billion
dollars above street estimates, and it sees cloud revenue in
the current quarter year over year rising twenty three percent.
Speaker 5 (06:56):
Okay, I'm looking at coinbase shares hire by just about
one percent in the after hours. The third quarter total
revenue coming in above estimates ever so slightly one point
eight seven billion versus estimates of one point eight billion.
Coin based third quarter trading volume coming in just shy
of estimates. A two hundred ninety five billion dollars third
quarter subscription and services revenue coming in above estimates at
(07:17):
seven hundred and forty seven million dollars. Third quarter transaction
revenue coming above estimates at one point h five billion dollars.
Shares now moving too much in the after hours, bouncing
between gains and losses, down just about one tenth of
one percent.
Speaker 4 (07:30):
Interesting the trading volume missed on expectations for coinbase. You
think about all the volatility that we've seen in bitcoin
and crypto overall, but not exactly translating into big volumes
for coinbas at least relative to expectations. Let's talk about
Reddit though, getting those numbers out their third quarter daily
active users, that figure actually beat estimates, coming in at
one hundred and sixteen million. The estimate had been for
(07:53):
just over one hundred and fourteen million. You can see
the reaction in shares ray Now, then you think about
the third quarter net income that measure big beat there,
one hundred and one hundred and sixty two point seven
million dollars. The estimate had been for one hundred and
four million dollars. So a beat for Reddit when it
comes of course to Daly active users, a very closely
washed metric. And also their net income shares up eleven
(08:15):
percent in the after hours trade right now.
Speaker 3 (08:16):
All right, so a movement by Twilio as well, the
cloud computing platform. This company talking about the outlook seeing
fiscal you're adjusted operating income of nine hundred million to
nine hundred and ten million, that is above what the
street is looking for. The estimate is eight hundred and
sixty seven point nine million. Also a fiscal year organic
revenue they're looking for up eleven point three percent to
(08:39):
up eleven point five percent. They had seen nine percent
to ten percent growth. So again we're seeing that one
pop remain almost six percent higher here in the aftermarket.
Speaker 1 (08:48):
And as we look at some of the big gainers
in the after hours trade, keep an eye on Floor
and decre the Home Floor Company, if you will, saying
that it's going to elevate its president to CEO, Bradley Paulson,
who had been president at the company for some time.
We'll be taking over as CEO for Thomas Taylor, who
will be elevated to the chairman role here though, shares
up seven percent.
Speaker 5 (09:08):
Hey, I just want to go back.
Speaker 3 (09:09):
I'm sorry, remain I just want to go back to
Amazon if I may, which has been popping here in
the aftermarket. One of the things that investors were looking
for is to their investments in Anthropic, a key rival
to open Ai. Third quarter twenty twenty five net income
includes pre tax gains of nine and a half billion,
included in non operating income from their investments in Anthropics.
(09:30):
So again, this is something that is certainly key, and
I'll probably come up on that call.
Speaker 2 (09:35):
This stock mover's report from Bloomberg Radio. Check back with
us throughout the day for the latest roundup of companies
making news on Wall Street and for the latest market
moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Bloomberg dot com, and on Applecarplay and Android Auto with
the Bloomberg Business app.
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