Page 5 - Eric Haggstrom News Today

Amazon’s share of the US digital ad market surpassed 10% in 2020 Pandemic-fueled ecommerce growth propelled sponsored product and brand ad business Download Amazon’s share of the US digital ad market surpassed 10% in 2020: Pandemic-fueled ecommerce growth propelled sponsored product and brand ad business Share As the pandemic drove consumers to move their spending online in 2020, Amazon benefitted in a big way. But it wasn’t just its ecommerce business that grew by double digits. Its adve...

Dive Brief: Amazons share of the U.S. digital advertising market last year surpassed 10% for the first time as marketers sought to reach homebound consumers as they shopped online during the pandemic. The 53% growth in the e-commerce giants ad business to $15.73 billion pushed its market share from 7.8% in 2019 to 10.3% last year, per information researcher eMarketer emailed to sister publication Marketing Dive. Amazons U.S. ad business this year will grow another 30% and exceed $20 billion for...

Disney streaming services gaining ground on Netflix

Send Walt Disney Co. reported quarterly earnings that topped Wall Street expectations as gains in its streaming media business helped make up the hit to theme park operations and movie releases from the coronavirus pandemic. Shares of Disney, which closed at a record high of $190.86 in regular trading on Thursday, climbed 3.6% to $197.76 in after-hours trading. The company posted earnings of 32 cents per share for October through December. Wall Street had expected a loss of 41 cents per share, ...

4 Min Read (Reuters) - Walt Disney Co swung to a surprise quarterly profit on Thursday, as “The Mandalorian” and “Soul” lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations. Slideshow ( 4 images ) Investors overlooked a 53% decline in park revenue in the quarter and welcomed Disney+ streaming reaching 94.9 million subscribers. Shares rose 3.1% to $194 after they closed at an all-time high in regular trade. The “Star Wars”-i...

Uber Posts Big Loss As Pandemic Clobbers Ridesharing, Despite Delivery Offset 02/10/21 AT 9:16 PM Uber on Wednesday reported another hefty loss in the final three months of 2020, though the companys food delivery operations partly offset the hit taken from the decline in ridesharing during the pandemic. Thanks to that offset, the loss of $968 million was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber. Revenue in the quarter was $3.2 billion, a 16-percen...

SHARE Shares in Uber Technologies Inc. dropped in after-hours trading today after the ride-hailing giant missed analysts’ predictions for its fourth-quarter earnings. For the quarter ended Dec. 31, Uber reported gross bookings of $17.2 billion, down 5% year-over-year on revenue of $3.17 billion. Analysts had predicted a figure of $3.58 billion. Uber booked a loss of $968 million in the quarter or 54 cents per share, an improvement over a loss of $1.1 billion or 64 cents per share in the fourt...

Uber posts big loss as pandemic clobbers ridesharing, despite delivery offset 261 SAN FRANCISCO, Feb 11, 2021 (BSS/AFP) – Uber on Wednesday reported another hefty loss in the final three months of 2020, though the company’s food delivery operations partly offset the hit taken from the decline in ridesharing during the pandemic. Thanks to that offset, the loss of $968 million was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber. Revenue in the quarter ...

4 Min Read (Reuters) - Walt Disney Co swung to a surprise quarterly profit on Thursday, as “The Mandalorian” and “Soul” lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations. Slideshow ( 4 images ) Investors overlooked a 53% decline in park revenue in the quarter and welcomed Disney+ streaming reaching 94.9 million subscribers. Shares rose 3.1% to $194 after they closed at an all-time high in regular trade. The “Star Wars”-i...

Netflix forecasts an end to borrowing binge, shares surge Toggle share menu Advertisement Netflix forecasts an end to borrowing binge, shares surge Netflix Inc beat Wall Street estimates for holiday quarter paid subscriber additions on Tuesday, as its originals like "Bridgerton" and "The Queens Gambit" helped attract more viewers sheltering at home due to fresh COVID-19 restrictions. FILE PHOTO: The Netflix logo is seen on the companys office in H...