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☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ Why the Big TV companies aren't 100% completely screwed. Yet.
▼ + stars: | 2024-05-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Big TV used to have a monopoly on our attention — and our wallets. This mirrors the pitch big TV companies are making this week in New York to advertisers. AdvertisementThe Big TV guys are screwed, right? AdvertisementAnd here to make that argument is Nielsen, which has a new way of tracking attention among media companies — including digital upstarts. And in this version, the TV guys are still sticking around.

Persons: aren't, —, They're, Nielsen, It's, it's Organizations: Service, NFL, Business, Netflix, Disney, ABC, ESPN, Hulu, Paramount, CBS, NBC Universal, YouTube, Nielsen Locations: New York

☆ YouTube is ready to capitalize on its status as No. 1 streamer
▼ + stars: | 2024-05-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Ad industry watchers are waking up to the fact that TV's big star is Google's YouTube. YouTube is ready to capitalize as it heads into TV's big upfront selling season. Industry observers widely believe YouTube is taking in far less ad revenue than it should be, based on its share of view time. Why YouTube is big on live sportsYouTube also affirmed its commitment to the industry's most sought-after content, live sports. YouTube still faces legacy ad buying structures where some agencies still buy old-fashioned TV and social video separately.

Persons: Nielsen, Neal Mohan, Mary Ellen Coe, Sean Downey, Zach King, Haley Kalil, Billie Eilish, Brian Albert, Brandcast, Donald De La Haye, Deestroying, Albert, Kate Alessi, Tricia McCormack, Brian Wieser Organizations: YouTube, Netflix, Hulu, Industry, Business, US, Google, NBA, Disney, Systems Locations: New York

☆ A major headwind for TikTok could be the ultimate tailwind for Meta's Facebook and Instagram
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.

Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, –, FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China

☆ Instagram makes more ad money than YouTube, new court filings reveal
▼ + stars: | 2024-04-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Instagram generated $32.4 billion in ad revenue in 2021, making up 27% of Meta's total revenue. Instagram's ad revenue was higher than Google's YouTube, which generated $28.8 billion. AdvertisementWe already knew that Instagram is a giant app that makes up a significant chunk of Meta's overall business. More context: Instagram made more money selling ads that year than Google's YouTube, which generated $28.8 billion in ad revenue. (Analysts at MoffettNathanson peg YouTube's overall revenue for that year at $35.4 billion, after factoring in the money it makes from its music and TV subscription services.)

Persons: Meta, — Organizations: YouTube, Service, Business

☆ An OpenAI mystery: YouTube videos, Google throttling, and AI training data.
▼ + stars: | 2024-03-18 | by ( Alistair Barr | Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Read previewThe AI community assumes that OpenAI uses vast quantities of YouTube videos to train models, including its new Sora offering. The mystery is how OpenAI accesses enough YouTube content to make this work. Business Insider asked OpenAI whether it has downloaded YouTube videos at scale and whether the startup uses this content as data for AI model training. Google, OpenAI, and other tech companies are currently arguing that using copyrighted content for AI model training is also legal. And when pressed again about sources of training data, Murati replied, "I'm not going to go into the details."

Persons: —, OpenAI, Mira Murati, Sora, I'm, Murati, Axel Springer, Ashley Stewart Organizations: Service, YouTube, Business, Google, Microsoft, Street

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSports streaming is here. Will TV break? But now, you've got Thursday Night Football on Amazon Prime, Lionel Messi on Apple TV, WWE Smackdown on Netflix, and Google's YouTube TV as the fourth biggest TV provider in the country. Even traditional TV is giving in, with a new mega-sports app from Fox, Disney's ESPN, and Warner Brothers Discovery. This week on TechCheck, we update our "Great Rebundling" deep-dive and ask, does live sports break the dam?

Persons: you've, Lionel Messi Organizations: Sports, Amazon Prime, Apple TV, WWE, Netflix, YouTube, Fox, ESPN, Warner Brothers Discovery

☆ Algorithms, bias and hallucinations: 20 important AI terms investors should know
▼ + stars: | 2024-02-04 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +25 min

Generative AI Neural networks are the heart of the increasingly popular type of AI known as generative artificial intelligence , or gen AI for short. Both traditional AI and gen AI systems rely on data and can be used to automate decision-making tasks. Microsoft's AI virtual assistant Copilot — which went live in November — is perhaps the most prominent generative AI feature among our portfolio companies. Bias Bias is another downside to AI systems — and LLMs in particular — that users need to consider. While GPUs have the upper hand in AI training, CPUs are understood to perform AI inference well.

Persons: OpenAI's, —, We've, that's, Chirag Shah, Shah, Mark Riedl, Bruce Springsteen, Einstein, Copilot —, Springsteen, OpenAI, it's, Riedl, Harry Potter, I've, ChatGPT, University of Washington's Shah, there's, he'd, Georgia Tech's Riedl, LLMs that's, Georgia Tech's, Meta, Grace Hopper Superchip, Jim Cramer's, Jim Cramer, Jim Organizations: Broadcom, Microsoft, Meta, Nvidia, Apple, Chirag, University of Washington, Google, Georgia Tech's School of Interactive Computing, YouTube, Netflix, Amazon, Facebook, Reuters, U.S, University of Washington's, OpenAI, New York Times, Club, Jim Cramer's Charitable, CNBC Locations: Silicon Valley, Barcelona, U.S, WhatsApp, Istanbul, Georgia

“We can't wait for people to experience the magic,” Apple CEO Tim Cook gushed Thursday while discussing the Vision Pro with analysts. If that happens with the Vision Pro, references to spatial computing could become as ingrained in modern-day vernacular as mobile and personal computing — two previous technological revolutions in technology that Apple played an integral role in creating. Photos You Should See View All 45 ImagesSo what is spatial computing? On the work side of things, videoconferencing service Zoom and other companies that provide online meeting tools have built apps for the Vision Pro, too. Although it might be heralded as a breakthrough if Apple realizes its vision with Vision Pro, the concept of spatial computing has been around for at least 20 years.

Persons: Apple's, “, ”, Tim Cook, Cathy Hackl, ” Hackl, hasn't, Simon Greenwold, Greenwold, Tom Cruise, “ It's Organizations: FRANCISCO, Apple, ” Apple, Vision, Netflix, YouTube, Google, Pro, Massachusetts Institute of Technology

☆ David Ellison's Skydance Media explores acquiring all of Paramount Global, sources say
▼ + stars: | 2024-01-24 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

David Ellison's Skydance Media and its financial backers are exploring a deal to take private all of Paramount Global , people familiar with the matter told CNBC. It is unclear if Redstone would demand a different premium for selling National Amusements than the remaining shareholders of Paramount Global would obtain. Skydance isn't interested in a deal where it would only acquire National Amusements but not all of Paramount, said the people. Spokespeople for RedBird, Skydance, Paramount Global and National Amusements declined to comment. Discovery has also had preliminary discussions about acquiring Paramount Global, according to people familiar with the matter.

Persons: Shari Redstone, David Ellison's, Ellison, hasn't, Skydance, Larry Ellison, Skydance hasn't, Skydance isn't, Puck Organizations: National Amusements, CBS, Viacom, Media, Paramount Global, CNBC, Skydance, Paramount, RedBird Capital Partners, KKR, Netflix, YouTube, Apple, Oracle, MTV, VH1, Comedy Central, Nickelodeon, National, Warner Bros, Redstone, Discovery, Comcast, Street, Amusements, Bloomberg Locations: Laguna Beach , California, U.S

☆ YouTube star MrBeast makes more than $263,000 in X video, but calls it ‘a bit of a facade’
▼ + stars: | 2024-01-22 | by ( Zach Vallese | ) www.cnbc.com time to read: +3 min

"MY FIRST X VIDEO MADE OVER $250,000!" In the video, Donaldson and his team venture into a variety of automobiles, including flying cars and amphibian cars. X launched its Creator Revenue Share program last year, offering creators a share of the ad revenue made from their posts. Musk welcomed his video to X with a quote post that read, "First MrBeast video posted directly on X!" While his reported revenue from his debut X video looks like a big number, it's not a lot for MrBeast.

Persons: Jimmy Donaldson, Donaldson, Jay Leno, X, Elon Musk, Tucker Carlson, Don Lemon, Tulsi Gabbard, Musk, Linda Yaccarino, wouldn't, it's Organizations: Nickelodeon, Microsoft Theater, YouTube, Twitter, Forbes, Amazon Locations: Los Angeles, Puck

☆ Here's what I'm watching to see where the market goes next after the S&P 500 record close
▼ + stars: | 2024-01-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Tesla, ServiceNow, Bill McDermott, Russell, —, Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China

☆ Tech companies to sign agreement with UK government to tackle online fraud
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 30 (Reuters) - Eleven of the world's biggest tech companies, including Amazon.com (AMZN.O), Alphabet's (GOOGL.O) Google and Microsoft (MSFT.O), will sign an agreement with the British government on Thursday to step up their efforts to tackle online fraud, the interior ministry said. Under the "Online Fraud Charter," due to be signed at a meeting chaired by Interior Minister James Cleverly in London, the companies pledge to take further action to block and remove fraudulent content from their sites, the government said. "Fraud is now the most common crime in the UK, with online scammers targeting the most vulnerable in society," British Prime Minister Rishi Sunak said in a statement. "By joining forces with these tech giants we will continue to crack down on fraudsters, making sure they have nowhere to hide online." The British government says fraud accounts for around 40% of all crime in England and Wales, with data from industry body UK Finance showing almost 80% of all authorised push payment fraud originates online.

Persons: Dado Ruvic, James, ByteDance's, Rishi Sunak, Kylie MacLellan, Matthew Lewis Organizations: REUTERS, Google, Microsoft, Interior, eBay, Facebook, YouTube, Finance, Thomson Locations: London, England, Wales

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBRUSSELS/STOCKHOLM, Nov 10 (Reuters) - Elon Musk's X social media platform has just 2,294 content moderators to ensure users comply with EU online content rules, significantly fewer than Google (GOOGL.O) and TikTok, a senior European Commission official said on Friday. X has triggered concerns after Musk laid off many employees responsible for monitoring and regulating content amid the spread of disinformation on the platform. According to reports the companies submitted to the EU in September, X's 2,294 EU content moderators compared with 16,974 at Google's YouTube, 7,319 at Google Play and 6,125 at TikTok, the senior Commission official said, speaking on condition of anonymity. Regulators are hoping that X will feel the pressure to boost its number of content moderators to catch up with its rivals, the official said.

Persons: Carlos Barria, Elon Musk's, Musk, Foo Yun Chee, Jan Harvey Organizations: REUTERS, Google, European Commission, EU's Digital Services, Apple, Microsoft, EU, YouTube, DSA, Big Tech, Thomson Locations: San Francisco , California, U.S, BRUSSELS, STOCKHOLM, X's, TikTok, EU

☆ Instagram linked to depression, anxiety, insomnia in kids - US states' lawsuit
▼ + stars: | 2023-10-24 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOct 24 (Reuters) - Dozens of U.S. states are suing Meta Platforms (META.O) and its Instagram unit, accusing them of contributing to a youth mental health crisis through the addictive nature of their social media platforms. "Research has shown that young people’s use of Meta's social media platforms is associated with depression, anxiety, insomnia, interference with education and daily life, and many other negative outcomes," the complaint said. The lawsuit is the latest in a string of legal actions against social media companies on behalf of children and teens. Meta deceptively denied publicly that its social media was harmful, the lawsuit said. Nine other states are expected to file similar lawsuits on Tuesday, bringing the total number of states suing to 42.

Persons: Dado Ruvic, ByteDance's, Meta, We’re, Jonathan Stempel, Diane Bartz, David Shepardson, Nate Raymond, Rod Nickel, Lisa Shumaker Organizations: REUTERS, Meta, YouTube, Menlo, Thomson Locations: Oakland , California, California, Illinois, , California, New York

☆ NBA can shift the balance of power in media with its next rights deal
▼ + stars: | 2023-10-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Every media rights renewal for the NBA is an important event because it only happens about once a decade. But with the National Football League's media rights locked up until 2033, the NBA has a unique opportunity to play media kingmaker. CNBC first reported NBCUniversal's interest in again airing NBA games earlier this year. Carving up the piewatch nowThe NBA will have to balance demand against restricting supply to maximize the price for rights. Discovery's TNT, NBA TV, NBA League Pass or a regional sports network.

Persons: Jimmy Butler, Jamal Murray, Justin Edmonds, clamor, John Skipper, Ted Sarandos, Netflix hasn't, We've, Sarandos, that's, Netflix's Ted Sarandos, Jeff Kravitz, That's, Serbian Nikola Jokić, Victor Wembanyama, It's, Peacock, Michael Jordan, Discovery's Max, Aurelien Meunier, Kevin Durant Organizations: Miami Heat, Denver Nuggets, Ball Arena, Getty, Basketball, Comcast, Google, Apple, Netflix, YouTube, NBA, Disney, Warner Bros, Discovery, National Football, ESPN, Global, Slovenian Luka Dončić, Dallas Mavericks, San Antonio Spurs, NBCUniversal, NBC, CNBC, U.S, Metropolitans, Nielsen, Major League Soccer, Major League Baseball, ABC, TNT, NBA TV, Twitter Locations: Denver , Colorado, NBCUniversal, Hollywood , California, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, United Kingdom, United States, Slovenian, Serbian, Levallois, Perret, U.S

☆ Supreme Court to hear Texas and Florida social media cases over right to moderate content
▼ + stars: | 2023-09-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

The Supreme Court on Friday said it will decide whether it's constitutional for Texas and Florida to prevent social media companies from banning users over potentially harmful rhetoric. Tech companies have historically had control over the type of content that's published on their platforms, and most apps require users to agree to terms of service. The Supreme Court's upcoming nine-month term begins next week, and its ruling on the social media cases will likely come next year. The Biden administration has also asked the Supreme Court to weigh in on whether the laws in the two states violate the tech companies' First Amendment rights. In a filing, the administration argues that the tech companies are protected under the Constitution.

Persons: Donald Trump, Trump, Elon Musk, Biden Organizations: Facebook, Twitter, YouTube, Computer and Communications Industry Association, Tech, Capitol, Republican, Tesla, SpaceX Locations: Texas, Florida

☆ The way I'm thinking about stocks makes them winners no matter what the Fed or bonds do
▼ + stars: | 2023-09-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

After the September meeting pause last week, the target range for the fed funds rate remained at 5.25% to 5.50%. First, I don't know a soul besides me who agrees with that 20-year versus fed funds rate yield prognosis. They think the fed funds rate will come down or the 20-year yield is already extended. Second, I don't know anyone else who believes the economy is so strong that the Fed is correct to keep on an anti-inflation course. I don't think so.

Persons: We've, Jerome Powell, Powell, It's, —, that's, — let's, it's, Bob Iger, Charlie Scharf, there's, Einstein, Salesforce, Elliott, Bill Newlands, Constellation, William Giles, Giles, Bud, Tom Jorden, Coterra, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Federal Reserve, Fed, Treasury, Apple, Club, Disney, Hulu, CNBC, Comcast, DIS, ABC, ESPN, Nexstar Media, YouTube, Apple's, Wells, Constellation Brands, Constellation, Elliott Management, Autozone, San, Coterra Energy, & Gas, Ford, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, New Jersey, Gary's, Madison —, Wells Fargo, Wells, What's, slowdowns, Texas, San Miguel, Brooklyn , New York, AMZN, CTRA

☆ NFL games are shifting away from traditional TV. Are you ready to stream some football?
▼ + stars: | 2023-09-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

On any given Sunday, there will be more National Football League games available on streaming services than ever before — some even exclusively. The NFL season kicks off Thursday with the Super Bowl champions Kansas City Chiefs hosting the Detroit Lions. Google's YouTube TV and the NFL's streaming service will also become bigger players in the streaming game. When media giants signed NFL media rights deals in 2021, valued at more than $100 billion, more of those deals included the rights to streaming games. Plus, in this past year, the NFL sold the media rights to its "Sunday Ticket" to Google 's YouTube TV for about $2 billion annually, shifting access to the package of out-of-market games to a streaming-only audience.

Persons: Aaron Rodgers, Comcast's, Peacock, Roger Goodell Organizations: New York Jets, New York Giants, MetLife, National Football League, NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, Paramount Global, Disney, ESPN, Disney's ESPN, YouTube, Charter Communications, Google Locations: East Rutherford , New Jersey

☆ Big Tech braces for EU Digital Services Act regulations
▼ + stars: | 2023-08-24 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

LONDON, Aug 24 (Reuters) - More than a dozen of the world's biggest tech companies face unprecedented legal scrutiny, as the European Union's sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency this month. The EU is seen as the global leader in tech regulation, with more wide-ranging pieces of legislation – such as the Digital Markets Act and the AI Act – on the way. For now, the rules only apply to 19 of the largest online platforms, those with more than 45 million users in the EU. Researchers removed the ads before they were published, so no Facebook users saw them. It will soon become obvious if any of the designated companies had "skirted their legal responsibilities," said Hayes.

Persons: –, Kingsley Hayes, Keller Postman, Eko, Meta, TikTok, Zalando, Hayes, Martin Coulter, Josie Kao Organizations: Digital Services, Facebook, Google, Digital Markets, DSA, Reuters, European Commission, Twitter, YouTube, Global, Amazon, Thomson Locations: EU, Europe, Ireland, Luxembourg

☆ Google A.I. researcher says he left to build a startup after encountering 'big company-itis'
▼ + stars: | 2023-08-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Sakana AI founders Llion Jones, left, and David Ha, meet at a rooftop bar in Tokyo. Jones, a co-author of Google's prominent Transformers research paper, is the generative AI research lab's technology chief, and Ha, a former Google research scientist, is its CEO. He was one of eight authors of the pivotal Transformers research paper, which is central to the latest in generative artificial intelligence. He's joining fellow ex-Google researcher David Ha to build a generative AI research lab in Tokyo called Sakana AI. The T stands for Transformers, an architecture behind much of today's frenetic generative AI activity.

Persons: Llion Jones, David Ha, Jones, He's, Ha, Sakana, OpenAI, they've Organizations: Google, itis, CNBC, University of Birmingham, YouTube, Microsoft Locations: Tokyo, Ha

☆ Elon Musk's X aims to win back advertisers with new brand safety technology deal
▼ + stars: | 2023-08-08 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

The company formerly known as Twitter is betting that a new ad-tech partnership and enhanced safety tools for brands will lure back advertisers who departed in the months since Elon Musk purchased the company. X, as Musk renamed the company, said on Tuesday that it signed a one-year deal with Integral Ad Science, which sells ad-verification technology. IAS provides similar brand safety technology to TikTok and Google's YouTube, Utzschneider said. ET to CNBC's interview with X CEO Linda Yaccarino as she speaks with Sara Eisen on "Squawk on the Street." Watch: New study finds Twitter bots and Elon Musk posts boosted price of FTX-listed altcoins

Persons: Elon Musk, Musk, Lisa Utzschneider, Utzschneider, X, Twitter, Linda Yaccarino, Sara Eisen, Elon Organizations: Twitter, Elon, Ad, CNBC, YouTube

Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs. Investors are also looking to see how Amazon's advertising business intersects with more language models and generative AI. The company's advertising business was seeing "robust growth" due to its machine learning investment, Chief Executive Andy Jassy said in the first-quarter earnings call. Net sales of Amazon's advertising business in the first quarter were $9.51 billion. Amazon's first-quarter operating income was $4.77 billion a 74.4%% increase from $2.74 billion in the fourth-quarter and a 30.1% increase from last year.

Persons: Tom Forte, Forte, Brian Olsavsky, Andy Jassy, Arun Sundaram, China's Temu, Sundaram, Amazon's, Arriana McLymore, Aurora Ellis Organizations: Investors, Web Services, Microsoft, Amazon, Google, Davidson Companies, YouTube, Thomson Locations: NY, Refinitiv, Singapore, United States, New York City

☆ Google stock jumped 10% this week, fueled by cloud, ads and hope in AI
▼ + stars: | 2023-07-29 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Shares of Alphabet's stock jumped 10% this week after the company reported second quarter earnings that showed growth despite a tough ad market. Among growth, revenue rose 7% to $74.6 billion from $69.7 billion in the year-earlier period. Google's ad revenue only increased 3.3% from a year earlier, but that's an improvement from the first quarter, when ad revenue fell. Google's YouTube and Cloud units also showed revenue growth despite competition. "We believe this bodes well for the broader online advertising environment," Citi analysts wrote in a note about Google's earnings.

Persons: Snap's, Bernstein, Ruth Porat, she's Organizations: Google, YouTube, Microsoft, Citi Locations: OpenAI

☆ Disney is open to finding a new strategic partner for ESPN, Iger says
▼ + stars: | 2023-07-13 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Disney has held off from putting its prime ESPN content on its ESPN+ streaming service as it continues to make billions of dollars in revenue each year through traditional cable TV. Disney has held early conversations with potential partners that could improve an ESPN streaming service by extending its distribution and adding content, Iger said. Disney is open to potentially selling an equity stake in ESPN and is looking for a strategic partner in the business as it prepares to transition the sports network to streaming, CEO Bob Iger said Thursday. But in the traditional cable TV business model, ESPN made money per cable subscriber — whether a person watched or not. In addition to finding a strategic partner for ESPN, Iger said he was open to selling or spinning off Disney's legacy cable networks, including FX and NatGeo, and its broadcast group, ABC Networks.

Persons: Iger, CNBC's David Faber, Bob Iger, Brian Roberts, Bob Chapek Organizations: Disney, ESPN, Hearst Communications, CNBC, FX, ABC Networks, Comcast, Apple, Google, Amazon, National, YouTube, Major League Soccer Locations: Sun Valley , Idaho, Hulu

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