By Reuters February 01, 2024 Apple on Thursday reported sales and profit that beat Wall Street estimates, powered by growth in its iPhone business. But China sales missed analysts’ targets. Apple shares were down 1.7% in after-hours trading. The 2% rise in overall fiscal first-quarter sales for the company ended four straight quarters of … Continue reading Apple revenue jumps 2%, but sliding iPhone sales in China worry investors
Cyber Monday Expected To Generate $12B In Shopping Revenue by Laurie Sullivan , Staff Writer @lauriesullivan, November 26, 2023 Cyber Monday is expected to remain the year’s biggest online shopping day. Adobe Analytics predicts it will generate $12 billion, up 6.1% year-over-year (YoY), with experiences taking priority when it comes to gifts — not just for … Continue reading Cyber Monday Expected To Generate $12B In Shopping Revenue
Google’s lead lawyer “visibly cringed” when the exact figure was accidentally revealed during the federal antitrust trial. Nicola Agius on November 17, 2023 Google CEO Sundar Pichai has confirmed that the company pays Apple 36% of its Safari search revenue. The search engine shares this revenue, which is reportedly worth $ 18 billion, in exchange for … Continue reading Google slips up and admits paying Apple 36% of Safari revenue
Surging digital ad market and layoffs combine to give Facebook parent $11,6 billion in profit, more than twice what it was a year earlier. Constantine von Hoffman on October 26, 2023 Facebook parent Meta’s third-quarter revenue jumped 23% to $ 34.15 billion, the latest indicator of a rebound in digital advertising. The company reported $ … Continue reading Meta third-quarter revenue up by 23%
The retail giant attributed its exceptional performance to investment in AI and its ongoing collaborations with ad partners. Nicola Agius on October 27, 2023 Amazon generated $ 12.06 billion from its advertising services in the third quarter of 2023. The figure marks a 26.3% increase from the same period in 2022 – a result significantly … Continue reading Amazon ad services revenue up 26% to $12 billion in Q3
The company continues to invest in AI and ad platform improvements to generate higher returns for advertisers. Constantine von Hoffman on October 25, 2023 Snap, the parent company of Snapchat, (November 11, 2023) reported its revenue rose 5% in the latest quarter after two straight quarters of declines on a rebound in the digital advertising … Continue reading Snap revenue up 5% on stronger digital ad market
The strike by the Writers’ Guild is already hitting TV ad sales hard. Unless there’s a fast settlement the situation will likely get worse. Chris Wood on July 31, 2023 The Writers Guild of America (WGA) went on strike in May, putting new scripted episodes of shows on hold until they get a better deal. … Continue reading TV ad revenue challenged by writers’ strike
Samsung’s semiconductor business posted massive losses for Q1 2023 Mariella Moon @mariella_moon Samsung’s earnings results for the first quarter of 2023 are in, and they’re a massive departure from the same period’s last year wherein it reported a steep rise in profit. The tech giant has posted a consolidated revenue of KRW 63.75 … Continue reading Samsung blames Q3’s drop in revenue to decline in smartphone shipments
Analyst Sees Microsoft Bing Search Outpacing Google Search Revenue Within 3 Years by Laurie Sullivan @lauriesullivan, July 21, 2023 Microsoft’s development of its own version of Google’s Performance Max platform, as well as rebranding the PromoteIQ retail media platform and Xandr ad tech into a suite of applications under the Microsoft Advertising banner, has prompted … Continue reading Analyst Sees Microsoft Bing Search Outpacing Google Search Revenue Within 3 Years
Twitter finally begins paying some of its creators Will Shanklin Twitter’s ad-revenue sharing program for creators has officially launched — and it’s reportedly already begun paying eligible Blue subscribers. Elon Musk announced the initiative in February, but with scant details about how it would work, nobody knew quite what to expect. However, some high-profile … Continue reading Elon Musk says Twitter’s ad revenue has dropped by 50 percent
