At Kyoorius, we’re dealing with the coronavirus situation with the seriousness it deserves.
Therefore, we’re doing what can be done remotely while keeping our followers informed on all that is happening in the world of media, advertising and marketing.
Consequently, till things improve, Melt in a Minute will change a bit.
The format will change from all video to a text-based post. A little more difficult to consume, but it’s the best we can think of under the circumstances.
All of you, stay safe.
And stay informed with posts like this one.
Top News of The Day
1. Alphabet Q3 results: 59% Jump In Net Income Due To Rebound In Ad Revenue
Alphabet has posted a 59% annual jump in net income to US$11.25 billion in the third-quarter of 2020, owing to sudden rebound in advertising revenue. As reported by campaign India, the company posted a total revenue of $46.17 billion in the three months ended 30 September 2020. Google revenues were up 14% year-on-year. ‘Other bets’ revenues in the third quarter were up 15%. Regionally, Asia-Pacific revenues rose 24% year-on-year in the third quarter, representing the largest-growing region. This was followed by 15% growth in the US to $21.44 billion, 11% in EMEA to $13.92 billion, and 4% in ‘Other Americas’ to $2.37 billion.
2. Revenues From Amazon’s Booming Ad Business Jump 51%
Amazon has reported a net income of $6.33 billion on a 37.4% year-over-year increase in revenue, which reached $96.15 billion. The net-income figure represents nearly a tripling (197%) on a YOY basis. Operating income nearly doubled (96%) to $6.19 billion. As noted by campaign India, the company posted a 51% YOY increase in net sales, to $5.4 billion, in its ‘Other’ category, which represents primarily its advertising services.
3. Facebook Posts Record Revenue Despite Ad Boycott
Facebook Inc. posted record revenue in the third quarter as strong digital-ad spending outweighed a high-profile ad boycott, data-gathering restrictions and continued fallout from the coronavirus pandemic, reports The Wall Street Journal. Facebook’s revenue jumped 22% to $21.47 billion for the three months ended 30 September 2020. The company projects that revenue will grow even faster during the fourth quarter, as the holiday season bolsters ad spending.
4. Twitter Sees 44% Jump in Ad Revenue
Twitter has reported a huge jump in total and ad revenue in its Q3 results, according to campaign India. Ad revenue jumped 44% from the last quarter and 15% year-on-year to clock in at US$808 million. Overall revenue came in at US$936 million, a 37% jump sequentially and 14% from the same period last year. The social-media platform said that advertisers significantly increased their spend in Q3 due to the return of events and increased product launches.
5. Havas Group Elevates Mohit Joshi To CEO, Havas Media Group
Havas Group India has elevated Mohit Joshi to Chief Executive Officer of Havas Media Group with immediate effect. This appointment comes as part of the acceleration of the group’s overall growth strategy. Prior to this, Joshi was Managing Director Havas Media Group. He will continue to report to Rana Barua, Group CEO, Havas Group India.
