Pinterest’s revenue jumped 12% to $981 million in Q4, 2023. Ad earnings surged as the platform’s global monthly active users increased 11% year-on-year to reach an all-time high of 498 million. The company credited its success in part to launching a record number of ad solutions that have...
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Snap revenue rises 5%, misses Wall Street expectations
Snap’s revenue saw a 5% increase for the final quarter of last year, reaching $1.36 billion. Despite this growth, the figure fell slightly below Wall Street analysts’ forecasts, who had anticipated $1.38 billion for Snapchat’s parent company. However, Q4 saw net losses narrowed to $248...
Amazon’s ad services revenue rises 27% to more than $14 billion
Amazon generated $14.65 billion from its advertising services in the final quarter of 2023. The figure marks a 26.8% increase from the same period in 2022 – a result better than forecasts predicted by Wall Street. Why we care. Amazon’s outstanding performance helps to cement the digital...
Death toll in Maui fires rises to 67, expected to climb
As search-and-rescue efforts continued on Maui after a fast-moving wildfire tore through the island and killed scores of people, residents steeled themselves to return to the historic town of Lahaina after it was left in smoldering ruins. Maui County said those with proof of residency or...
Amazon’s a revenue rises 22%, bringing in more than $10 billion
Amazon generated $10.68 billion from its ad services in the second quarter of 2023. The figure marks a 22% increase from the same period in 2022, as the wider digital ad market begins to show signs of recovery from the economic downturn. Why we care. Following a slump in the digital ad...