Digital advertising placement firm Trade Desk shares soared 21.5% after better than expected third quarter earnings. Relief came as $TTD avoided headwinds that plagued the social media industry in Q3, hitting Snap, Facebook (FB), Twitter (TWTR) and Roku with underwhelming reports Earnings The Trade Desk Net income totaled $59.4 million, or 12 cents a share, up from $41.2 million, or 8 cents a share, a year ago. Adjusted earnings hit 18 cents a share, up from 13 cents a year earlier … Continue reading “The Trade Desk Soars After Earnings Avoid Headwinds That Hit Social Media Digital Advertising Space”
Alphabet Earnings Deliver as Google Search Advertising Picks Up With Travel Activity
Internet giant Alphabet, owner of Google reported better than expected in third quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum with the the economy and travel returning as did cloud and YouTube revenues.
Google Strength in Advertising Helps Alphabet Smash Earnings Targets
Internet giant Alphabet, owner of Google reported huge beats in second quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum again as did cloud and YouTube revenues sending $GOOGL higher.
Trade Desk Boosted by Google Delaying Phasing Out Third Party Cookies Until 2023
Digital advertising placement firm Trade Desk shares soared 16% after Google said will delay phasing out third-party cookies. $TTD has not been reliant on third-party cookies for years. Faster-growing segments such as connected TV (CTV) and mobile apps, use newer identity solutions such as TTD’s United ID 2.0.
Sonos Earnings Beam Higher as Roam Orders Smash Forecasts
Sound system technology company Sonos released better than expected second quarter earnings after the close Wednesday with the momentum of Home Theater smarter speaker Beam leading. After two large EPS misses, $SONOS has now reported three massive EPS beats in a row.
Tech Giants Face Risk of Breakup and Fines with EU Digital Services and Digital Markets Acts
The European Commission announced the Digital Services and Digital Markets Acts in their battle to reign in the control and influence of tech giants who could face hefty fines up to 10% of annual global revenue for non-compliance and breakups. In the sights are social media platforms and online market places.
Mexico Business Confidence Improves With Peso and Easing Covid Restrictions
Mexican business confidence improved to it’s best level in seven months in October. Confidence grew as the peso improved, easing of coronavirus lockdown restrictions and ahead of the US Presential elections, Mexico’s largest trading partner. Seasonally adjusted manufacturing confidence index in Mexico rose to 41.5 in October of 2020 from an upwardly revised 40.7 in September. It was the highest reading in seven months. Data Breakdown Sentiment improved regarding the country’s situation to 32.6 vs 32.3 in September Company’s situation … Continue reading “Mexico Business Confidence Improves With Peso and Easing Covid Restrictions”
Alphabet Cloud and YouTube Revenues Boosted By Lockdown
Internet giant Alphabet, owner of Google reported mixed first quarter earnings after the close Tuesday. While digital advertising fell from the Covid-19 lockdown, cloud and YouTube revenues soared sending $GOOGL up 9% after hours.
Who is Smarter Alexa, Siri or Google Assistant?
Leading digital assistants, Google Assistant, Siri, and Alexa were put through Loup Ventures Annual Digital Assistant IQ Test. They asked the 800 questions with Google Assistant able to correctly answer 93% of them vs. Siri 83% and Alexa 80%.
Alphabet Earnings Beat With Strong Google Advertising and Cloud Revenue
Internet giant Alphabet, owner of Google reported better than expected second quarter earnings after the market Thursday. Alphabet approved a repurchase of up to an additional $25 billion. $GOOGL stock rose over 8% on the release.