$TSM TSMC Q1 FY24:

• Revenue +17% Y/Y $18.9B ($0.3B beat).
• Gross margin 53% (-3pp Y/Y).
• Operating margin 42% (-3pp Y/Y).
• Capex $5.8B.
• EPADR $1.38 ($0.06 beat).

3nm & 5nm were 9% & 37% of revenue.

🎧 Spotify has over 600M monthly users.

But it's still losing money.

🤔 What's wrong with $SPOT?
📊 How do they make money?
📢 Can advertising improve margins?
🎙️ Is the podcast strategy paying off?

All this and more in our latest video. ⬇️
youtube.com/watch?v=mOK0ji…

🏦 US Banks: Q1 FY24

Let's visualize the latest earnings:

$JPM Cautious outlook
$BAC Investment banking surprise
$WFC Regulatory progress
$MS Wealth momentum
$SCHW New asset surge
$GS Leadership scrutiny
$C – Transformation push

What's your take?
appeconomyinsights.com/p/us-banks-unc…

🏎️ How F1 Makes Money

A new earnings season is here!

What are you watching this week?

• Monday: $GS, $SCHW.
• Tuesday: $BAC, $MS, $UAL.
• Wednesday: $ASML, $ABT.
• Thursday: $ISRG, $NFLX, $TSM.
• Friday: $AXP, $PG.