In Google's second quarter earnings report today, the tech giant revealed that YouTube viewership is growing faster than it has in two years, and advertiser money is following.
Netflix reported that it met expectations for revenue and earnings per share at $1.34 billion and $1.15, respectively, Business Insider reported.
While rival networks may be licking their chops in anticipation of trying to wrest away the media rights to the NBA, both legacy partners said they are confident that they’ll renew their respective contracts with the league.
Shares of Netflix fell in after-hours trading Monday as the company’s strong second-quarter revenue performance was undermined by somewhat underwhelming subscriber growth.
Facebook generated $1.18 billion in second-quarter revenue, a 32 percent increase from last year and just clearing Wall Street estimates. Advertising contributed 84 percent of the company’s total revenue and grew 28 percent year-over-year to $992 million. Payments and other fees chipped in the other $192 million, a 61 percent increase for the business.
AOL announced quarterly earnings on Wednesday, and while the numbers weren't exactly stellar, there were numerous positive signs. Traffic is up, as are global ad dollars and video views.
Google’s earnings reports can be fairly humdrum. Google’s business is advertiser-dependent, and the majority of those ad dollars typically flow through Google-owned sites. Same share, larger scale.
Of course Yahoo had a not-so-terrible second quarter with no CEO readily able to take the credit. Newly-crowned CEO Marissa Mayer decided to skip the session, as did recent interim CEO Ross Levinsohn.
Trouble at its U.K. print division may have made a rocky 2011 for News Corp, but the media conglomerate defied expectations by pulling out of its three-straight-quarter streak of year-on-year profit declines. Revenue at the company was up 2 percent over last year in the second quarter of fiscal year 2012, coming to a solid $8.98 billion vs.