Top 3 tech, startup and sustainability stories of the week / 15th-19th April, 2024 -

ASML, Netflix and Andreessen Horowitz are this week’s leading stories

1-ASML reported Q1 2024 results, sales and profit down

ASML, Europe’s most valuable technology company with a market cap of EUR345 billlion by 19th April, 2024, announced Q1 2024 financial results. The Dutch chip machine-maker saw orders fall to €3.6bn in the Q1 of 2024, which is down from €9.2bn in the previous quarter. The net profit also dropped to €1.2bn, a 37% decrease compared to Q4 2023.

“We see 2024 as a transition,” ASML’s President and CEO Peter Wennink said in a statement, expecting a stronger second half of the year “in line with the industry’s continued recovery from the downturn.

I saw this story at The Next Web and China became ASML’s largest market in Q1 2024, representing 49% of the company’s sales.

**ASML reported Q1 2024 results, sales and profit down** (Photo: ASML)

2-Netflix to stop sharing subscriber numbers

Netflix recently announced operational results for Q1 2024 and it added 9.33 million new subscribers, bringing the company’s subs around 270 million. Starting from 2025, the company said it won’t reveal subscriber figures, according to letter to shareholders. Instead, the company will focus on engagement saying that the time customers spend on the service is a better signal of their satisfaction. Here are some engagement numbers, revealed by Netflix: Griselda (66.4M views), Body Problem (39.7M views) and Avatar: The Last Airbender (63.8M views).

“Streaming services have been secretive about these viewer number stats, but the WGA and SAG-AFTRA strikes of last year sought to make these numbers available as part of their negotiations for compensation,” as put by Gizmodo.

Netflix to stop sharing subscriber numbers

3- Andreessen Horowitz raises $7.2 billion

Venture capital (VC) company Andreessen Horowitz revealed last week that it raised USD7.2 billion across five different funds.

“This marks an important milestone for us,” Ben Horowitz, who co-founded the company with Marc Andreessen in 2009, wrote in a blog post.

The largest amount of new funding goes to Andreessen Horowitz’s growth fund, which totaled $3.75 billion. That money to be invested in later-stage businesses, such as closer to going public or capital-intensive companies that require big checks. (Here’s a story of mine about an investment for Ikas )

Horowitz said $1.25 billion will be allocated to infrastructure, which covers AI investments, while $1 billion will go to app investments, $600 million to games and another $600 million to American dynamism, or “founders and companies that support the national interest,” putting emphasis on aerospace, defense, education and housing.