Meta Beats Revenue Expectations Amid AI Push, But Ad Sales Growth Slows
The numbers $40.58 billion: Meta’s Q3 revenue, up 19% YoY, narrowly topping Wall Street’s $40.3 billion estimate. 96%: The portion of Meta’s Q3 revenue driven by ad sales. This is a slight dip from Q2, when advertising accounted for 97% of its $36.5 billion in total revenue. $15.69 billion: Net income, up 35% YoY, or…
Meta Made A Mint In Q3 – But Investors Are Worried About Its AI Spending Spree
Despite beating expectations and generating more than $40 billion in revenue during the third quarter – a 19% YOY increase – Meta got punished on Wednesday after its Q3 earnings report. The company’s stock dipped by more than 15% in after-hours trading on the news that its spending will ramp up this year and into the next. […]
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Meta’s Next Llama AI Models Are Training on a GPU Cluster ‘Bigger Than Anything’ Else
The race for better generative AI is also a race for more computing power. On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.
Trump’s Ad Aimed At Jewish ‘Bubbies’: Is it A Shonda?
Is it a disgrace to target Jewish women who have never voted Republican by saying “Donald Trump will keep us safe” from antisemitism?
Abby Phillip and Brian Stelter Talk Fox News and the ‘Subclipping Mafia’ at Mediaweek
Attendees at ADWEEK’s Mediaweek event received news they could use on Monday. The dynamic CNN duo of NewsNight anchor Abby Phillip and chief media analyst Brian Stelter took the stage for a TVNewser-hosted panel exploring the past, present, and future of presidential election coverage on the major cable networks. The panel was a homecoming of…
Reddit Boosts Ad Revenue, Grows Daily Active Users In Q3
Reddit grew its ad revenue across the funnel and boosted its daily active users, potentially elevating its status as a key promotional space in the competitive social-media landscape.
Resume Rewind: Kraft CMO Todd Kaplan Reveals He Never Threw In the Towel
After nearly 18 years at Pepsi, Todd Kaplan joined Kraft Heinz North America as chief marketing officer in July. He sat down with ADWEEK for video series Resume Rewind, sponsored by entertainment wiki hosting service Fandom, to discuss the early stages of his career. His first job was at Hilton’s Waterfront Beach Resort in Huntington…
Joy Reid Previews Her New MSNBC Special With Alex Wagner
From the Democratic National Convention in Chicago to MSNBC Live in Brooklyn, Joy Reid and Alex Wagner have been joined at the hip this election season. With mere days to go until America decides the Oval Office’s next occupant, the duo are headlining the live special Your Power, Your Vote, premiering tonight at 9 p.m….
Gary Vaynerchuk Thinks Brands Are Missing Out on Creative Built for Social Media
According to Gary Vaynerchuk, marketers should spend more time developing creative for social media. At ADWEEK’s Mediaweek event, Vaynerchuk, a serial entrepreneur and co-founder of the agency VaynerMedia, spoke with Jenny Rooney, Adweek’s chief brand and community officer. Vaynerchuk said that creative content plays a crucial role in driving reach and providing consumer insights. “I…