Five on Friday: Digital News, Nacha Rules and Antitrust Cases

Five on Friday: Digital News, Nacha Rules and Antitrust Cases

In this week’s Five on Friday, Ascend2 shares the results of their customer experience design survey, Twitter opens up applications for Ticketed...
Cloud services fuel Microsoft's revenue growth in FY21 Q2.

Microsoft Gives Employees $1,500 Bonus for Braving the COVID-19 Pandemic

Microsoft is giving $1,500 bonuses to employees for surviving the unique and challenging circumstances of the COVID-19 pandemic.

Podcast Platform Launches Acast +, Paid Premium Experience for Ad-Free Listening

Stockholm-based podcast platform Acast announced the launch of Acast + this week, allowing podcasters to create a paid premium experience for their fans. In addition to ad-free listening, podcasters can now offer exclusive access to premium content and early releases while monetizing their content. If you haven't heard of Acast yet, it is a curated platform for podcasts, connecting listeners, podcast creators and advertisers in the Acast mobile app...
Amazon and Affirm partner to offer buy-now-pay-later payment solution

Amazon Partners with Affirm to Offer Buy-Now-Pay-Later Option

Amazon and Affirm announced they are partnering to offer buy-now-pay-later payment options to select shoppers on purchases over $50.

Cinemark Announces Record Q4 Revenue and 560K Movie Club Members

Last week, Cinemark Holdings, Inc. (NYSE: CNK) reported its fourth quarter and full year 2018 results, including all-time high Q4 revenues of $798.5 million, a 6.5 percent increase year-over-year. Admissions revenue was $445.1 million, 0.4 percent increase; concession revenue was $277.5 million, a 6.3 percent increase; and other revenue was $75.9 million, a 67.6 percent increase. Equally impressive are Cinemark's Movie Club statistics which CEO Mark Zoradi discussed on the company's February 22 earnings call.

Netflix Grows to 139.3 Million Paid Members in Q4 2018

On the heels of a price hike for more than 58 million U.S. members, Netflix (NASDAQ: NFLX) reported its fourth quarter and full year 2018 financials last week. Among the quarter's highlights are the streaming company's impressive paid membership statistics. During the quarter, Netflix added 8.8 million new members, including 1.5 million U.S. members and 7.3 million internationally. …

Okta Reports Record Revenue Driven by Subscriptions in Q3 Fiscal 2019

Last Wednesday, Okta (NASDAQ: OKTA), a San Francisco-based identity software provider, reported record revenue for the third quarter of fiscal year 2019 for the period ended October 31, 2018. Okta reported total revenue of $105.6 million, a 58 percent increase over the same period last year. Subscription revenue was $97.7 million, also a 58 percent increase year-over-year. Subscription revenue currently represents 92.5 percent of total revenue for the SaaS company. Professional services and other make up the remaining $7.9 million of revenue, or 7.5 percent.

The New York Times Reports Q3 Success with Subscription-First Strategy

Last Thursday, The New York Times (NYSE: NYT) reported that its subscriber-first strategy was successful during the third quarter of 2018. At the end of the third quarter, The New York Times had more than 3 million digital subscribers and 4 million total subscribers. This strategy helped the company bring in 203,000 total net new digital-only subscribers in the third quarter, and subscription revenue represented close to two-thirds of the company's total revenue. Of the 203,000 new subscribers, 143,000 came from news and the balance came from NYT Cooking and Crossword.

Stripe Valued at $20 Billion After $245 Million Funding Round

Web and mobile payments startup Stripe is in the news again this week, this time announcing a $245 million funding round, reports TechCrunch. This infusion of capital brings the company's value to $20 billion. The latest funding round was led by Tiger Global Management. Thrive Capital, Sequoia Capital, Kleiner Perkins and DST Global also invested during this funding round. Past investors include Visa, American Express, Peter Thiel and Elon Musk. The company said it will use the new funding to expand internationally, including the addition of an engineering hub in Singapore. Stripe originally launched in Singapore in 2016, but it will now be adding a hub there. This will be its fourth after hubs in Seattle, Dublin and San Francisco.

Tronc Reports Q2 Digital-Only Subscribers Increase of 89 Percent

The second quarter was a momentous one for Tronc (NASDAQ: TRNC), the owner of the Chicago Tribune, New York Daily News, Orlando Sentinel and other media properties. Among the second quarter highlights was a 3.9 percent increase in total revenue and 89 percent growth in digital-only subscribers, bringing total digital-only subscribers to 212,000 at the end of the second quarter.

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