Meta Reports Record Revenue, Slower Digital Advertising Growth

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 hours 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 - 17 hours 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 - 5 hours 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 - Yesterday

LinkedIn fined $335 million over digital advertising in Europe

LinkedIn on Thursday was hit with a fine of €310 million ($335 million) over its use of targeted advertising.

Business - MarketWatch - 6 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 - 2 days ago

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 - 2 days ago

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 - 2 days ago

Musk’s X to undershoot revenue goals from political advertising

Social media platform has raised a fraction of $100mn target and mainly from Trump and Republicans

World - Financial Times - 4 days ago

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 - 4 hours 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 - 6 days ago

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 - Yesterday

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 - 6 hours ago

Harris campaign to advertise on Las Vegas Sphere, a political first: Report

The advertisements will coincide with Harris' visit to Las Vegas on Thursday.

Politics - The Hill - 15 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 - 14 hours ago

Local news sources are still drying up, but there's growth in digital sites in metro areas

Newspapers in the United States closed at the rate of more than two per week during 2023

Tech - ABC News - October 23

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

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 - 3 hours ago

In-game advertising can help build brand loyalty, says Anzu, SuperAwesome report

Gaming advertising platform Anzu and kidtech company SuperAwesome recently released a new report on which they collaborated. The report, called “Gaming the future: how to make an impact with ...

Tech - VentureBeat - 2 days ago

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 - Yesterday

Washington Post loses a reported 200K digital subscriptions, 3 editorial board members over endorsement veto

The Washington Post reportedly was set to endorse Kamala Harris over Donald Trump before the newspaper said it would not endorse presidential candidates.

Business - CNBC - 2 days ago

Washington Post loses a reported 200K digital subscriptions, 3 editorial board members over endorsement veto

The Washington Post reportedly has lost more than 200,000 digital subscriptions, and three members of its editorial board have stepped down on the heels of its decision not to endorse a candidate ...

UK music exports hit record £775mn but growth slows

Competition intensifies from US, South Korea and Latin America

World - Financial Times - October 21

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

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

Home prices hit a new record high, but the pace of growth is slowing significantly and ‘showing signs of strain’

Case-Shiller 20-city home price index rose 5.2% year-on-year in August.

Business - MarketWatch - Yesterday

Georgia Officials Report Record Turnout on First Day of Early Voting

Democrats and Republicans alike have crusaded for residents to get to the polls early as Donald Trump and Kamala Harris aggressively seek the state’s 16 electoral votes.

Top stories - The New York Times - October 15

North Carolina Officials Report Record Turnout for First Day of Early Voting

The more than 353,000 ballots cast signaled enthusiasm in the battleground state, but the significance of the high turnout was unclear.

Top stories - The New York Times - October 19

Cocaine-related fatalities surge as England and Wales report record drug deaths

Campaigners say falling prices and social acceptability have driven higher use

Business - Financial Times - October 23

Latest in Meta Reports Record Revenue, Slower Digital Advertising Growth

Meta Reports Record Revenue, Slower Ad Growth

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

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

AMD reports record revenue but Q4 forecast disappoints

LinkedIn fined $335 million over digital advertising in Europe

Japan’s PM vows to stay on after election debacle

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

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

Musk’s X to undershoot revenue goals from political advertising

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

Microsoft dips on weak guidance after beating on earnings

Dexcom shares fall on slow revenue growth

Google's Cloud Business Powers Accelerating Revenue Growth

Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

Harris campaign to advertise on Las Vegas Sphere, a political first: Report

Chipotle misses revenue estimates as same-store sales growth disappoints

Local news sources are still drying up, but there's growth in digital sites in metro areas

Messi Mania helps drive record growth for MLS

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

In-game advertising can help build brand loyalty, says Anzu, SuperAwesome report

MLS attendance and sponsorship revenue hit regular season records

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

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

Washington Post loses a reported 200K digital subscriptions, 3 editorial board members over endorsement veto

Washington Post loses a reported 200K digital subscriptions, 3 editorial board members over endorsement veto

UK music exports hit record £775mn but growth slows

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

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

Home prices hit a new record high, but the pace of growth is slowing significantly and ‘showing signs of strain’

Georgia Officials Report Record Turnout on First Day of Early Voting

North Carolina Officials Report Record Turnout for First Day of Early Voting

Cocaine-related fatalities surge as England and Wales report record drug deaths

Topics