1. NYT Digital Ad And Subscription Revenue Surpassed Print Version (MediaPost)
Digital subscription and Digital advertising revenue helped The New York Times to cope with lower print advertising and subscription sales during Q1, NYT announced on Wednesday. The publisher achieved a 6.6% hike in Q1 revenue to $473 million YoY. Subscription revenue rose by 15.3% to $329.1 million, but ad revenue fell by 8.5% to $97.1 million.
2. Google Launches Series Of Docks As Part Of Works With Chromebook (TechCrunch)
With such a strong position in that market, Google is attempting to break into the business market, which has historically been dominated by Microsoft and, to a lesser extent, Apple. As part of the Works With Chromebook certification program, the company has announced the introduction of a new line of docks today.
3. Twitter Introduces Tip Jar To Support Creators and Journalists (Twitter)
Twitter introduced a new feature called ‘Tip Jar’ for creators and their supporters that tweet in English. Few selective creators and journalists alone can avail this service at present, which will be extended to other languages also in the future. Tip Jar enables supporters to pay directly to their favorite influencer, using this platform.
4. Roku Beats Estimates With $76.3M In Q1, Up 79% YoY (Variety)
In Q1, Roku added 2.4 million additional active accounts. Initially stating that it expected a loss in the first quarter, the streaming platform posted sales of $574.2 million, up 79% year over year, and net income of $76.3 million (or 54 cents per diluted share). Roku has 53.6 million subscribers in Q1 2021, up 35% year over year.
5. Retargeting Fetched Criteo $541M In Q1 (AdExchanger)
Market experts predicted the demise of retargeting with the end of third-party data. Paris-based Criteo posted revenue of $541 million, a 7% YoY increase in Q1 that was in part driven by retargeting. Criteo’s new and alternative solutions, including a first-party commerce media platform and a new contextual targeting solution, made this possible.
6. Nasdaq Withdraws Listing Ban On Luokung After US Judge’s Decision (Nasdaq)
After a US judge lifted an impending investment ban imposed by the former Trump administration, Nasdaq Inc has withdrawn its decision to delist the stock of Luokung Technology Corp, the Chinese mapping technology firm said. The ruling and news of the listing boosted the company’s stock by almost 20%.
7. IAC Posted $329M Net Income In Q1: Revenue Rose To $876M (MarketWatch)
The American Media and Internet Company topped its quarterly earning expectations with its Vimeo business, posting a net income of $329.1 million, or $3.46 a share, amid continued demand for video software during the pandemic. Revenue for IAC rose to $876 million from $684 million, while FactSet analysts were expecting $852 million.
