Twitter Q2 2020 earnings: Revenue falls 19% YOY, but daily active users up 39% YOY to 186 million

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Ad revenue took a kicking, but 20 million more users came to Twitter in the last quarter. Twitter has announced its second-quarter earnings for 2020. Unlike prior earnings reports, one thing that loomed large over this one’s was the unprecedented hack of high-profile accounts earlier this month. Twitter CEO Jack Dorsey did address the incident in a statement released with the earnings. But first, the numbers: Read Full Story

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Tesla is in the news again today. No, not because of GameStop.

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Tesla had revenues of $10.74 billion in the fourth quarter of 2020, beating Wall Street estimates. However, it missed on earnings. Tesla had revenues of $10.74 billion in the fourth quarter of 2020, according to its earnings released today after the markets closed. That’s 46% more than the $7.38 billion it reported in the final quarter of 2019—and above the $10.4 billion analysts has expected. Read Full Story

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Spotify Q1 2021: COVID at-home streaming boosts premium subscribers to 158 million

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The company’s star podcast, the Joe Rogan Experience, also “performed above expectations” Spotify says. Spotify has released its first-quarter earnings for 2021. The company performed mostly in line with expectations as its users continued to listen to the service at home during our COVID-19 times. The biggest highlight of Spotify’s Q1 came from premium subscriptions, which rose 21% YOY to 158 million. On a quarter-over-quarter basis that’s almost 4 million new premiums subscribers, or a 2% increase Q/Q. Spotify says that premium subscriber growth was led by North American consumers. Read Full Story

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Twitter Q1 2020 earnings: mDAU growth explodes thanks to ‘global conversation related to the COVID-19 pandemic’

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Twitter delivers its strongest ever year-over-year mDAU growth, but earning per share disappoints. Twitter has just announced its Q1 earnings for fiscal 2020. In the run-up to the results, there was much uncertainty around the social media company’s numbers considering last month Twitter withdrew its original Q1 2020 guidance due to the impact of COVID-19. In February, Twitter had originally said it expected Q1 total revenue to be between $825 million and $885 million, as well as its operating income to be between below a million dollars and up to $30 million. Read Full Story

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Key Insights: Ecommerce, omnichannel marketing, CTV, and holiday season conversions

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30-second summary: 73% of online shoppers are expected to chase post-holiday bargains while 76% of eBay buyers plan to take advantage of after-Christmas and New Year shopping deals. 33% of brands that shifted their ad dollars in Q1 and Q2 of 2020 moved money to ecommerce. SMS conversion rate increased 98% over Q2 making it a priority to add SMS to email strategies. Three must-have omnichannel touchpoints to induce conversions. CTV ad impressions grew by 2X, 55% YoY, the only medium to see such accelerated growth. 23% of consumers are more comfortable sharing data about their likes/dislikes, gender, and location data. 56% of businesses without CDPs have limited ability to apply insights holistically across their marketing efforts. D2C retail companies have a customer-first approach that is 2X better than their non-transactional counterparts. This week we share revenue-driving insights on omnichannel marketing and CTV advertising that can help ecommerce businesses increase …

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COVID-19 helped Netflix win the streaming wars before they’d barely begun

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The world is being entertained via Netflix. How it has soared through the coronavirus crisis. “It’s been a remarkable thing to watch the creative community come together to entertain the world through Netflix,” chief content officer Ted Sarandos said from what appeared to be an unused or little-used pizza kitchen in his home during the company’s earnings video, discussing its very impressive earnings results for the first quarter of 2020 where it revealed that it added 15.8 million new subscribers worldwide (a company record) and 2.31 million North American users. Read Full Story

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Spotify Q2 2020: Global consumption hours recover to pre-pandemic levels as MAUs grow 29% YOY

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“As of June 30, global consumption hours have recovered to pre-COVID levels,” the company revealed. The world’s largest streaming music service has posted its Q2 2020 earnings. Overall, most of the company’s metrics were up in the double digits year-over-year and, more importantly, quarter-over-quarter. However, QOQ numbers were only up in the single digits. Yet, for the most part, it seems the streaming service is holding up well in our COVID-19 times. Read Full Story

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How is Disney going to imagineer itself out of this one?

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The Walt Disney Company just shared how much it thinks the coronavirus pandemic has cost its business so far. Today the Walt Disney Company reported $18.01 billion in revenue and earnings of 60 cents per share for its fiscal second quarter of 2020, missing analysts’ profit estimates. In its first report since the coronavirus pandemic upended much of the world, Disney narrowly brought in more revenue than expected, per estimates published by CNBC , but make no mistake: The many-tentacled media empire is exposed just about everywhere. Read Full Story

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Facebook’s daily active users decline for a second quarter in the United States and Canada

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The top-line numbers in Facebook’s Q4 earnings report were as robust as ever, but there are signs of user fatigue and growing competition. Facebook Inc. posted its fourth-quarter earnings after the bell on Wednesday, its first since the 2020 presidential election, when its role in the spread of misinformation became yet another flashpoint in the wider debate about Big Tech’s control over online speech. Read Full Story

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