All articles tagged with #advertising revenue
Originally Published 2 months ago — by Yahoo Finance
Alphabet's Q3 earnings surpassed expectations driven by strong AI demand in advertising and cloud services, prompting the company to raise its capital expenditure forecast to up to $93 billion, reflecting aggressive investment to capitalize on growth opportunities despite concerns over an AI bubble.
Originally Published 1 year ago — by Yahoo Finance
Meta Platforms' stock reaches a record high as its advertising revenue thrives, with PDD, the parent company of e-commerce platform Temu, emerging as one of Meta's top advertisers by spending $2 billion on advertising across Meta's platforms. The robust ad sales have contributed to Meta's bullish sentiment in the stock market, while also benefiting other tech giants like Google, which are reliant on advertising revenue.
Originally Published 1 year ago — by Variety
Approximately 20 CBS News staffers, including correspondents Jeff Pegues and Catherine Herridge, were laid off as part of broader layoffs at Paramount Global. The layoffs come as Paramount struggles to compete in the era of streaming video and faces a shortfall in advertising revenue. The decision to announce the layoffs one day after the successful broadcast of Super Bowl LVIII has raised questions among employees. The removal of Pegues and Herridge leaves a gap in CBS News' coverage of the U.S. Department of Justice and national security.
Originally Published 1 year ago — by Hollywood Reporter
Fox's advertising revenue dropped 20% to $2 billion in its fiscal second-quarter earnings report, but the company met Wall Street expectations, with overall revenues at $4.2 billion. The decline in ad revenue was attributed to factors such as the absence of the FIFA World Cup and midterm political ad revenue from the previous year, as well as lower ratings and higher preemptions at Fox News. Despite the challenges, affiliate revenues were up 4%, driven by the Fox broadcast network, and Tubi, Fox's streaming service, showed growth. The company also announced a new sports streaming service in partnership with Disney and Warner Bros. Discovery, targeting the "cord-nevers" market. CEO Lachlan Murdoch expressed confidence in Fox News's position and addressed the mixed performance of the local stations, anticipating a record political cycle in the future.
Originally Published 1 year ago — by Deadline
Fox's revenue dipped 8% last quarter due to weaker advertising, with ad sales dropping 20% primarily due to the absence of major events and lower political advertising revenues. The company's net income plunged to $115 million from $321 million, with EPS at 23 cents a share vs 58 cents. However, affiliate fee revenues increased 4% and other revenues increased 14%. CEO Lachlan Murdoch is set to provide more details on a new streaming sports joint venture with Disney and Warner Bros. Discovery, which will pool the sports rights of the three media companies.
Originally Published 1 year ago — by The Guardian
Spotify has signed a new multi-year deal with Joe Rogan, estimated to be worth up to $250 million, to drive advertising revenue through his popular podcast. The deal involves an upfront minimum guarantee and a revenue sharing agreement based on ad sales. The Joe Rogan Experience will soon be available on other platforms such as Apple, Amazon, and YouTube. Spotify's focus on boosting ad revenue has seen a significant increase in podcast consumption on its platform, with overall podcast consumption increasing by 232% since the podcast became exclusive to Spotify.
Originally Published 1 year ago — by MarketWatch
Meta Platforms Inc. is expected to announce a significant increase in advertising revenue in its fourth-quarter results, with analysts anticipating earnings of $4.82 a share and $39.1 billion in total fourth-quarter revenue. The company's stock has surged 110% over the past year, and analysts are bullish on its performance, with many rating it as a buy and setting an average price target of $397.70. Analysts believe Meta will benefit from a surge in digital advertising, with positive outlooks on its ad sales and AI initiatives, despite ongoing concerns about its standing with federal lawmakers regarding online safety for youngsters.
Originally Published 1 year ago — by Yahoo Finance
Alphabet's stock price fell 6% after the company's earnings report for the last quarter of 2023 showed advertising revenues falling short of Wall Street's expectations, leading to a $110 billion drop in market capitalization. While profits and revenue exceeded analysts' expectations, the weaker-than-expected ad revenue, which accounts for 80% of the company's income, spooked shareholders. CEO Sundar Pichai highlighted the company's AI efforts and the growth in its Google Cloud division, but the market reacted negatively to the earnings miss from the advertising giant.
Originally Published 1 year ago — by MarketWatch
Analysts and investors expect Google parent company Alphabet Inc. to report strong fourth-quarter results, with a surge in advertising revenue. Analysts anticipate earnings of $1.59 per share and total revenue of $85.3 billion. Google's dominance in search and advertising sales is expected to be the primary revenue driver, with expectations of stronger ad spending due to healthy holiday e-commerce performance. However, concerns about regulatory risks and emerging AI developments remain, and investors will be focused on operating margins and the company's commentary on the first quarter.
Originally Published 1 year ago — by NDTV
YouTuber MrBeast earned over $2,50,000 from his video on Elon Musk's X platform, with a screenshot showing he will make $263,655. He called the experience a "facade," suggesting that advertisers bought ads on his video, inflating his revenue per view. This sparked various reactions online, with some users confirming seeing ads on his video and questioning the real non-inflated payout. Unlike YouTube, X users must pay for Premium to be eligible for advertising revenue. Despite initial reluctance, MrBeast's annual earnings hit $82 million, and he is known for supporting charitable causes.
Originally Published 2 years ago — by New York Post
Audacy, the parent company of WFAN, has filed for bankruptcy protection due to a significant decline in advertising revenue. The company plans to cut around 80% of its nearly $2 billion debt through a restructuring agreement with its debtholders. Audacy's CEO expressed confidence that the restructuring will position the company for long-term growth and innovation in the audio business.
Originally Published 2 years ago — by New York Post
Elon Musk's social media platform X is projected to see a significant drop in ad sales, with 2023 sales estimated to fall to around $2.5 billion. This comes after several companies, including Comcast and Walt Disney, paused their advertisements on the platform following Musk's agreement with a post that made controversial claims about Jewish people. Ad sales make up a significant portion of X's total revenue, and the company is expected to fall far short of its targeted $3 billion in revenue from advertising and subscriptions in 2023.
Originally Published 2 years ago — by NPR
Elon Musk's social media platform, X (formerly known as Twitter), is facing a significant advertiser backlash due to controversial remarks and actions by Musk himself. Many major corporations, including Walmart, Apple, Disney, and IBM, have stopped advertising on the platform. Musk's hostile takeover of Twitter resulted in the removal of staff dedicated to policing hate speech and harassment, and his endorsement of an antisemitic post further fueled concerns. The advertiser exodus could potentially lead to significant financial losses for X, with estimates suggesting up to $75 million. Musk has acknowledged that the boycott could be lethal for the company, but his ultimate intentions and the platform's future remain uncertain.
Originally Published 2 years ago — by Fox Business
Elon Musk's social media platform, X (formerly known as Twitter), may face a potential loss of up to $75 million in advertising revenue by the end of the year as major brands pause or consider pausing their ad spending on the platform due to concerns over content moderation. Internal documents revealed that more than 200 ad units from major brands like Airbnb, Amazon, Coca-Cola, and Microsoft have either halted or considered pausing their ad spending. X has struggled to retain its advertising base since Musk's ownership group acquired the company, and the situation worsened after a report alleged that the platform ran ads alongside pro-Nazi and antisemitic content. X has filed a lawsuit against the group behind the report, and Musk has faced backlash over his comments on antisemitism.
Originally Published 2 years ago — by The New York Times
X, formerly known as Twitter, may lose up to $75 million in advertising revenue by the end of the year as more major brands pause their marketing campaigns due to owner Elon Musk's endorsement of an antisemitic conspiracy theory. Internal documents reveal that concerns about Musk and the platform have spread beyond companies like IBM, Apple, and Disney, with over 200 ad units from companies such as Airbnb, Amazon, Coca-Cola, and Microsoft halting or considering pausing their ads on X. The advertising freezes come during the company's strongest quarter, and since Musk's acquisition of Twitter, U.S. advertising on the platform has dropped nearly 60%.