Google’s Q2 Ad Revenue Hits $32.6B

Alphabet’s revenue rose 19% YoY to $38.9 billion in Q2. Read the release. Much of that came from Google of course, whose ad revenue hit $32.6 billion in Q2, up 16% YoY. Within the ad revenue category, Google network member revenues, which includes programmatic display and video, grew 9% to $5.3 billion. Impressions across GoogleContinue reading »

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Facebook Beats Earnings Expectations The Same Day It Gets Hit With A $5B FTC Fine

Facebook’s stock dipped slightly on Wednesday morning after the Federal Trade Commission formally announced its $5 billion dollar fine over privacy violations. But by the time Facebook reported its second quarter earnings after the bell, the stock has recovered and then some. Facebook is up 3.2% postmarket after beating expectations and raking in the adContinue reading »

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Snap Q2 Surprises As Users Embrace AR

Turns out people really like those Snapchat baby face and gender swap filters. The app’s daily active users hit 203 million in Q2, up 8% year over year, and revenue was far better than expected at $388 million, a 48% increase from this time last year, according to the company’s Q2 earnings disclosure. This isContinue reading »

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Publicis Is Back To Growth, But Defends Epsilon Acquisition To Investors

Publicis Groupe grew 0.1% to $2.5 billion in Q2, returning to positive growth after a rocky first quarter. Organic growth was down 0.7% for the first half of the year. Despite the positive quarter, investors were skeptical of Publicis’ $4.4 billion acquisition of Epsilon, which closed in July. Many wondered why the company has suchContinue reading »

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Netflix Flatly Dismisses Ad Rumors

Holding your breath on ads coming to Netflix? Time to let it out. There will be no advertising on Netflix anytime soon if ever, the company said in a letter to shareholders on Wednesday in advance of its second quarter earnings call. “We, like HBO, are advertising free. That remains a deep part of ourContinue reading »

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Iger Touts Fox As A Boon To Disney’s DTC Ambitions

Nearly everything Disney does these days seems to be for the love of DTC. CEO Bob Iger told investors on Wednesday that acquiring 21st Century Fox’s entertainment assets for $71 billion will create synergies for Disney’s direct-to-consumer streaming vision. “I feel really confident in our plans and the plans we’ve announced, because of what weContinue reading »

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Nielsen Will Accelerate Use Of Cloud And AI Tech

It’s out with the old and in with the new at Nielsen. Revenue for Nielsen’s Watch segment decreased 3.5% to $881 million in Q4, while Buy segment revenue declined 8.4% to $777 million. But freshly minted CEO David Kenny has a plan. Kenny, who joined Nielsen from IBM Watson in November 2018, wants to bring Nielsen’sContinue reading »

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Ad Revenue Is Humming, But Meredith Has More Work To Do On The Digital Front

Meredith’s overall Q2 ad revenue grew like gangbusters, but digital ad revenue performance was draggy – and will likely be the same next quarter, the company told investors Monday. Advertising-related revenue nearly doubled year over year to $488.9 million – a 111% increase – and digital represents more than $400 million of Meredith’s revenue for its national mediaContinue reading »

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Facebook’s ARPU Grows Like Gangbusters And Its Stock Soars Despite the Scandals

Facebook is getting beaten up by a punishing news cycle – but, for its part, it’s beating the street. The stock surged more than 17% in after-hours trading on Wednesday. Revenue for the fourth quarter clocked in at $16.91 billion, a 30.4% year-over-year (YoY) increase. Nearly all of that – $16.64 billion – was thanksContinue reading »

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Apple Device Revenue Slumps As Services Skyrocket

Apple actually mentioned the word “advertising” on its earnings call. Although hardware isn’t going anywhere, Apple’s services business, which includes search ads in the App Store, is becoming increasingly meaningful to the company’s bottom line. “Services are scaling quickly,” Apple CFO Luca Maestri told investors on Tuesday. Although iPhone sales were weak during the holidayContinue reading »

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