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Snap, the parent company of Snapchat, has seen its stock tumble 20% in after-hours trading after reporting first-quarter earnings Thursday. The company missed Wall Street revenue estimates of $1 billion, …
Snap stock down 24% on weak earnings, ad revenue slump Read More
Pinterest today announced a multiyear strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform. The new deal will make the e-commerce giant Pinterest’s …
Pinterest announces multiyear ads partnership with Amazon alongside earnings beat Read More
Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday, with Meta CFO Susan Li joining CEO and founder Mark Zuckerberg to …
Meta says time spent on Instagram grew 24% thanks to TikTok-style AI Reel recommendations Read More
Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters. But this ray of light for …
Meta beats revenue expectations, remains committed to metaverse Read More
Roku delivered its first-quarter results on Wednesday with better-than-expected revenue and the addition of 1.6 million active streaming accounts in the period. Although the company’s results came in above analyst …
Roku gains 1.6 million active streaming accounts in Q1, warns of continued ad uncertainty Read More
Alphabet reported Tuesday its latest earnings, citing that YouTube saw ad revenue fall 2.6% year over year as advertisers pulled back from the platform due to economic uncertainty. YouTube only …
YouTube continues to see ad revenue decline, 2.6% drop YOY Read More
In its first-quarter earnings call, streaming music service Spotify talked in more detail about how AI advances are impacting its business. On the positive side, the company offered an update …
Spotify CEO says AI progress is both ‘really cool and scary,’ may pose risk to creative industry Read More