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PubMatic Q4 Earnings: Revenue, EPS Beat Expectations, Strong Guidance, Buyback Authorized
Monday, February 26, 2024 - 6:00pm | 373PubMatic, Inc (NASDAQ:PUBM) shares are trading higher in Monday’s after-hours session after the company reported better-than-expected financial results. Q4 Revenue: $84.6 million, beat estimates of $78.2 million Q4 EPS: 45 cents, beat estimates of 20 cents Total revenues were up 14% year-...
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Warner Bros Discovery Pulled Off An Impressive Turnaround In The Streaming Arena
Friday, February 23, 2024 - 1:46pm | 810When it comes to streaming, Warner Bros Discovery Inc (NASDAQ: WBD) reached profitability before its legacy media rivals such as The Walt Disney Corporation (NYSE: DIS), Comcast Corporation (NASDAQ: CMCSA) and Paramount Global (NASDAQ: PARA). However, with a slump in advertising revenue,...
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Walmart Is Going For Advertising Growth
Wednesday, February 21, 2024 - 12:31pm | 524On Wednesday, Walmart Inc (NYSE: WMT) didn’t fail to impress investors with its fourth quarter report while also revealing its strategy to further boost its growth on the ad front, like its retail peer, Amazon.com Inc (NASDAQ: AMZN). Walmart also proudly revealed its e-commerce sales...
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CEO Doug Mcmillon Tells Jim Cramer He Foresees Bright Future For Walmart's Advertising Business: 'We Can Connect The Dots'
Wednesday, February 21, 2024 - 12:10am | 745In a recent interview with Jim Cramer, Walmart Inc (NYSE:WMT) CEO Doug McMillon expressed his confidence in the company’s advertising sector. This comes after the retail giant’s strong performance in the digital and e-commerce space. What Happened: McMillon, in a conversation with...
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Tom Brady, Wayne Gretzky, Vince Vaughn Star In Super Bowl LVIII Ad For Sports Betting Company: Early Details Ahead Of The Big Game
Friday, January 19, 2024 - 11:20am | 1067Two legendary athletes and an actor are teaming up for a sports betting company’s Super Bowl LVIII commercial to air during the big game on Feb. 11. What Happened: Media company Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA) will telecast Super Bowl LVIII on Feb. 11 and has been looking to...
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'Really?' Tesla Bull Gary Black Advises Elon Musk To Sell X To 'Another Media Entity' Instead Of Flipping Advertisers Off
Thursday, November 30, 2023 - 3:57am | 773Amidst the aftermath of Elon Musk‘s lashing out against hesitant advertisers at the New York Times DealBook Forum, a bullish Tesla analyst advised him not to curse out customers and suggested selling X (formerly Twitter) to another media entity. What Happened: On...
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Crypto Token Named After Elon Musk's AI Chatbot Up 2,000% After He Curses Out Hesitant Advertisers On X
Thursday, November 30, 2023 - 1:21am | 411A new cryptocurrency token named GROK2, seemingly alluding to Elon Musk‘s AI chatbot venture, has surged an astonishing 2000%. What Happened: Market data from Dextools shows GROK2 trading at $0.0004571, with a market cap of approximately $315,400. The 24-hour volume stands at...
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Google's 3Q23: Positive Growth And AI Innovations, But Challenges Remain
Monday, November 13, 2023 - 3:36pm | 785Google's 3q23 earnings report showcased the company's continued growth and innovation in various areas, notably Search, YouTube, and Cloud services. The company's focus on leveraging artificial intelligence (AI) to enhance user experiences and drive advertising revenue also yielded...
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Nexstar Media Misses Q3 Earnings On Sharp Decline In Television Advertising Business
Wednesday, November 8, 2023 - 3:03pm | 471Nexstar Media Group Inc (NASDAQ: NXST) reported a third-quarter FY23 net revenue decline of 10.8% Y/Y to $1.13 billion, missing the consensus of $1.17 billion. Revenues were impacted by a decline in cyclical political advertising and the temporary removal of stations from an MVPD...
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Shrinking Lemeng Faces Uphill Road To New York IPO
Tuesday, November 7, 2023 - 10:54am | 1214Key Takeaways: Lemeng’s revenue fell 16% in the first half of the year, accelerating from a 9% decline in all 2022, as it lost market share to larger companies The advertising services provider is seeking to raise $20 million in its New York IPO, even though it has yet to receive official...
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Google Shines In Q3 Earnings Beating Expectations But Falls 11% Amid Stock Volatility!
Friday, October 27, 2023 - 11:51am | 393Alphabet, Google's parent company, reported impressive Q3 earnings that exceeded expectations this week. The company's earnings per share (EPS) reached $1.55, surpassing the forecasted $1.45. Google's substantial $76.6 billion in sales during the quarter reflects its market dominance...
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Middle East Unrest Overshadowed Meta's And Snap's Strong Quarterly Results
Friday, October 27, 2023 - 9:27am | 594Meta Platforms (NASDAQ: META) and Snap Inc (NYSE: SNAP) topped earnings estimates this week. Snap returned to revenue growth and Meta reported record profits and sales on digital ad strength. But, both social media companies warned about the conflict in the Middle East that already...
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Netflix 3Q23: Progress On Ad Strategy Supports More Balance In Revenue Growth
Wednesday, October 25, 2023 - 11:51am | 683Netflix, Inc. (NASDAQ: NFLX) recently held its Q3 2023 earnings call, providing insights into the company's performance and future strategy. One of the major earnings drivers for Netflix was its strong content slate. The company emphasized its ability to deliver new and exciting content for all...
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14 Years Of Ads: This Is How Long It Will Take Las Vegas' $2.3B Sphere To Recoup Mega Investment
Tuesday, October 3, 2023 - 12:33pm | 599U2 inaugurated the Las Vegas Sphere with a performance, marking the venue’s debut. The architectural masterpiece boasts a massive dome adorned with over a million LEDs, making it a one-of-a-kind technological marvel. Social media is abuzz with videos from the concert, showcasing the...
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Document Leak: Microsoft's Gaming Strategy Emphasizes Mobile, Ads
Wednesday, September 20, 2023 - 12:51pm | 334Microsoft Corporation (NASDAQ: MSFT) anticipate significant growth in the gaming industry, particularly in the areas of mobile gaming and advertising. That's according to a leaked 2022 presentation, which was disclosed as part of the Redmond, Washington-based company's legal battle with the...