Meta Reports Record Revenue, Slower Ad Growth

The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.

Tech - The Wall Street Journal - 5 days ago

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - 6 days ago

Meta misses on user growth, warns of 2025 jump in AI spending

Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.

Business - CNBC - 6 days ago

AMD reports record revenue but Q4 forecast disappoints

Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.

Tech - VentureBeat - October 29

Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence

Tech - ABC News - 5 days ago

Japan’s PM vows to stay on after election debacle

Shigeru Ishiba has presided over a result that threatens to plunge country’s politics into paralysis

Business - Financial Times - October 28

Wise chief executive fined £350,000 over ‘tax issues’

UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his job

Business - Financial Times - October 28

From intern to CEO: does it pay to be a company lifer?

Executives who spend their career at one place can boost morale and loyalty but risk stifling innovation

Business - Financial Times - October 28

U.S. economy poised for somewhat slower growth, leading indicators signal

The leading indicators of the U.S. economy fell again in September because of weakness in a few key industries such as housing and manufacturing, but not enough to suggest any sign of major trouble.

Business - MarketWatch - October 21

Microsoft dips on weak guidance after beating on earnings

Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.

Business - CNBC - 5 days ago

Dexcom shares fall on slow revenue growth

Dexcom shares fell Thursday after the company released third-quarter results that showed slow revenue growth.

Business - CNBC - October 25

Google's Cloud Business Powers Accelerating Revenue Growth

Google reported a 15% jump in year-over-year revenue driven by strong results in its cloud-computing division, boosting the company’s fortunes during a costly push into artificial intelligence.

Business - The Wall Street Journal - 6 days ago

Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.

Business - The New York Times - 5 days ago

Living conditions to be added to NHS records

A housing provider says it will reduce the burden on the NHS and help them better serve residents' needs.

Facebook and Instagram to delete ads that use celebrities without their consent

Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.

Meta extends ban on new political ads past Election Day

Meta extends restriction period for new political ads throughout the week of the U.S. elections.

Business - CNBC - 6 hours ago

Meta extends political ad ban until post-Election Day

Meta extended the ban on new political ads on its platforms through Election Day, the social media giant announced Monday. The parent company of Facebook and Instagram said the restriction on new ...

Politics - The Hill - 8 hours ago

Meta Extends Ban on New Political Ads to After Election

The extra days when the tech giant’s platform won’t take new ads reflects widespread concerns about misinformation.

Business - Inc. - 5 hours ago

Chipotle misses revenue estimates as same-store sales growth disappoints

Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.

Business - CNBC - 6 days ago

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - 5 days ago

Messi Mania helps drive record growth for MLS

Major League Soccer is hitting record attendance marks and mounting sponsorship revenue

Sports - ABC News - October 22

Reddit’s results are on deck. Analysts expect ad strength and growth in online spending.

Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.

Business - MarketWatch - October 28

MLS attendance and sponsorship revenue hit regular season records

Major League Soccer saw growth in regular season attendance and sponsorship revenue after implementing a new performance team. Lionel Messi helped, too.

Business - CNBC - October 22

MLS attendance and sponsorship revenue break records — and it's not just because of Messi

Major League Soccer scored several regular season records, including for attendance and sponsorship, thanks in part to international superstar Lionel Messi — and corporate strategy.

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.

Business - MarketWatch - October 29

Uber reports third-quarter results that beat Wall Street's revenue expectations

Uber reported third-quarter results Thursday that beat analysts' expectations for revenue.

Business - CNBC - 5 days ago

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - 4 days ago

Here’s Why Meta Getting on the AI Search Bandwagon Could Change the Entire Online Ad Market

Meta is taking on Google and Microsoft by developing its own AI search engine. The repercussions for the digital advertising market could be huge.

Business - Inc. - October 29

UK music exports hit record £775mn but growth slows

Competition intensifies from US, South Korea and Latin America

World - Financial Times - October 21

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - 5 days ago

China reports third-quarter GDP growth of 4.6%, slightly beating expectations

Beijing has faced public scrutiny over its ability to meet its own annual growth target of "around 5%."

Business - CNBC - October 18

Will Ferrell in Harris ad: 'Your vote will make the difference. That means you, Gary'

Will Ferrell is rejecting talk of one American not making an impact at the ballot box, saying in a last-minute push for Vice President Harris's campaign that "your vote will make the difference." ...

Politics - The Hill - Yesterday

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...

World - The Guardian - October 21

Latest in Meta Reports Record Revenue, Slower Ad Growth