Apple on Tuesday released a new app for creating invitations and sending them to contacts. The app is called Apple Invites.

Users can create events, such as birthdays, graduations and housewarming parties, and manage RSVPs and guest lists through the app. Apple Invites is also available on the web.

While users won’t need an iPhone to RSVP to events, they will need a paid iCloud+ subscription to send invites.

The launch is the latest example of Apple’s services strategy, whe company introduces new paid subscriptions that are marketed to its installed base of 2.35 billion active devices. Apple’s Services division has become the company’s second largest business behind the iPhone, reporting $25 billion in sales in the December quarter.

Services has also become a big source of Apple’s profit, with a gross margin of 74%. The growth of Apple’s services division is helping Apple’s overall margins expand in recent quarters after years of staying flat. Apple’s services business also includes its search deal with Google, Apple Pay payments and device warranties.

With Invites, Apple is taking on Partiful, a startup founded in 2020 that allows users to make and send event invites. Partiful did not immediately respond to a request for comment.

An iCloud+ subscription starts at $1 per month for 50GB of storage, and it’s included in Apple’s other subscription bundles, ranging up to a $38-per-month subscription that also includes the company’s TV service, Apple Music and access to games, fitness classes and news.

Invites also includes Apple Intelligence, the company’s suite of artificial intelligence software. Apple Intelligence can generate images for invites and help write the invitation with the company’s Writing Tools. Apple Intelligence also has the ability to share a photo album or playlist with an event’s guest list.

While Apple doesn’t charge individually for many of its iCloud+ services, it now has a host of paid features intended to get users to upgrade from free storage. That subscription service offers a VPN-style relay service for private browsing, custom email domains for iCloud, local security camera storage and the ability to generate burner emails.

Apple doesn’t disclose how many iCloud+ subscribers it has. The company last week said that it has 1 billion subscribers, but that figure includes subscriptions to apps through the App Store in addition to its direct iCloud subscriptions.

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Google parent company Alphabet is set to report its fourth-quarter results after the bell Tuesday.

Here are the numbers Wall Street will be watching:

• Revenue: $96.56 billion expected by LSEG
• Earnings per share: $2.13 expected by LSEG

Here are additional estimates expected, according to StreetAccount:

• YouTube advertising revenue: $10.23 billion
• Google Cloud revenue: $12.19 billion
• Traffic acquisition costs (TAC): $15.01 billion

Wall Street will be looking for Alphabet to report 11% revenue growth following a pressure-filled year that included artificial intelligence announcements, product mishaps and regulatory litigation.

Alphabet made a series of announcements in the fourth quarter related to Waymo, showing confidence in its ability to commercialize its self-driving car company more quickly.

Waymo’s robotaxi service now operates in Los Angeles, San Francisco and Phoenix, covering more than 500 square miles of public roads. In December, the company said it plans to launch its commercial service in Austin, Texas, and through the Uber app in Austin and Atlanta in 2025. The company also announced that it will begin testing Waymo in Tokyo, its first international expansion.

During the third-quarter, new Chief Financial Officer Anat Ashkenazi said she wanted to “push a little further” with cost savings across the company as Google expands its spending on artificial intelligence infrastructure in 2025. Employees pressed executives for details on cost cuts in December, and in January, they began circulating an internal petition titled “job security,” CNBC reported.

Ahead of expected cuts, Google last week began offering buyouts to U.S. employees in its Platforms and Devices unit. That unit includes more than 25,000 full-time employees who work on Android, Chrome, ChromeOS, Google Photos, Google One, Pixel, Fitbit and Nest.

Alphabet also continued to face antitrust litigation during the fourth quarter.

The Department of Justice in November called for Google to divest its Chrome browser, following an August ruling that the company holds a monopoly in the search market. The DOJ said in a filing that forcing the company to get rid of Chrome — essentially, breaking up the company — would create a more equal playing field for search competitors.

Google executives held a 2025 strategy meeting with employees in December, setting the stage for a year of expected increase in competition, regulatory hurdles and advancements in AI.

“It’s really important we internalize the urgency of this moment, and need to move faster as a company,” CEO Sundar Pichai said. “The stakes are high.”

In January, Alphabet shares closed at $200 per share for the first time as investors grow increasingly bullish on the company’s opportunities in AI, but after the emergence of DeepSeek last month, Wall Street will await any commentary from management about how the Chinese entrant could affect its AI strategy.

Spotify shares climbed 10% on Tuesday after the music streaming company recorded its first full year of profitability, closing the fiscal year with 1.14 billion euros in net income.

Here are the numbers from its fourth-quarter earnings report, compared with analyst expectations:

• Revenue: 4.24 billion euros vs. 4.19 billion euros expected by analysts polled by LSEG
• Earnings per share: 1.76 euros vs.1.99 euros expected by analysts polled by LSEG
• MAUs (monthly active users): 675 million vs. 664.3 million expected by analysts polled by StreetAccount

The Luxembourg-based company reported a 40% growth year over year for gross profit, rising 10% from the previous quarter. Operating income came in at 477 million euros, slightly below guidance.

The company said it paid a record $10 billion in royalties to the music industry in 2024, growth that’s likely to continue with the streamer’s new multiyear publishing agreement with Universal Music Group announced in January.

The deal will include new paid subscription tiers, bundles for music and nonmusic content and a direct license between the two companies for Spotify in the U.S. and other countries.

Spotify Wrapped continued to be one of the biggest user engagement drivers of the year, with the annual December listening analysis helping deliver year-over-year growth.

The company said its 35 million net growth of MAUs was a fourth-quarter record. MAUs were up 5% since last quarter and 12% for the year.

Spotify reported net income of 367 million euros in the fourth quarter, or $1.81 per share, an improvement from the previous quarter and well above the net loss of 70 million euros from the year-ago quarter, a loss of 36 cents per share.

Fourth-quarter revenue of 4.24 billion euros was well above the 3.67 billion in revenue from the same quarter a year ago.

First-quarter guidance estimates the company will have 678 million MAUs, a net add of 3 million, with two-thirds expected to be premium paid subscribers. Total revenue is estimated at 4.2 billion euros, outperforming LSEG-surveyed analysts’ expectations at 4.17 billion.

Spotify stock is up more than 20% year to date.