Facebook's advertising sales jumped 64 percent in the third quarter compared to the same period year, as the company maintained momentum from earnings reports earlier this year.
AOL’s booming video ads business helped the company overcome some of the drag from its ongoing Patch issues in the third quarter. Overall, the company announced today a 14 percent year-over-year jump in ad revenue to $386 million in the third quarter.
Facebook appears to be losing its youth appeal, with the company admitting for the first time a slight decline in teen usage on the social network.
Google CEO Larry Page signaled to Wall Street today that he no longer wants to handle routine quarterly calls.
“The last few months have marked the most significant period of product development in LinkedIn’s history.” That’s how CEO Jeff Weiner kicked off the company’s third-quarter earnings call on Thursday.
NBCUniversal CEO Steve Burke on Friday (Oct. 26) told investors that he isn’t satisfied by recent improvements at the broadcast division. Speaking during Comcast’s third-quarter earnings call, Burke acknowledged that while NBC is “obviously … doing better, we still have a lot of businesses that are underperforming.
To paraphrase Brad Pitt’s character in the Quentin Tarantino film Inglourious Basterds, Facebook is in the advertising business and, cousin, business is a-booming. The company’s third-quarter advertising revenue increased by 36 percent year-over-year to $1.09 billion, accounting for 87 percent of the company’s $1.26 billion in overall Q3 revenue.
Three months after taking over as CEO of Yahoo, Marissa Mayer opened up about her strategy. Kind of.