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Five on Friday, May 22, 2020

Five on Friday: Funding, Flexibility and Free Doesn’t Always Mean Free

Brands can leverage their advertising during COVID-19, MasterClass raises $100M in funding, and Chris Hemsworth's app Centr is making headlines for its business practices.

Meredith Corp Reports Loss of $289.4M from Continuing Operations in Q3 FY2020

In its third quarter earnings report, Meredith Corp reports a 6% reduction in revenue due to portfolio changes and COVID-19 impacts.
Weekly Subscription News Round-Up

Weekly Subscription News: At-Home Delivery, Free Music and Extortion

Weekly Subscription News, May 16, 2020: Quibi puts free content on YouTube to grow subscribers, Wink charged with extortion, and Canva adds 15 times more content to Pro subscription.
Five on Friday, May 15, 2020

Five on Friday: Online Shopping, Coffee Subscriptions and DTC Jobs

Five on Friday, May 15, 2020 includes jobs at NBA League Pass, Roku's huge increase in viewership and the trend to online shopping subscriptions.

Gannett Reports Net Loss of $80.2¬ Million in First Full Quarter Since Merger with New Media Investment Group

In its first full quarter earnings report since the merger, Gannett Co., Inc. reports a net loss of $80.2 million and strong revenue & adjusted EBITDA.
The New York Times reports record Q1 2020 subscriptions.

The New York Times Added a Record 587,000 New Digital Subscribers in First Quarter

In its first quarter 2020 earnings results, The New York Times Company reports record subscriptions.
Teladoc sees double-digit growth in revenue and visits during the first quarter of 2020.

Teladoc’s First Quarter Revenue and Total Visits Grow in Double Digits During COVID-19

Teladoc sees double-digit growth in revenue and visits during the first quarter of 2020.
Despite COVID-19, Apple reports record Services revenue for FY2020 Q2.

Apple’s Second Quarter Services Revenue Reaches Record $13.3 Billion

Despite the COVID-19 pandemic, technology giant Apple reports record Services revenue of $13.3 billion for the second quarter of fiscal year 2020.
Amazon

Amazon’s Net Sales Grew 26% to $75.5 Billion in the First Quarter

Amazon shares the impact of COVID-19 on the company in its first quarter 2020 earnings report.

Microsoft Reports Net Income of $10.8 Billion in Q3 of FY2020

In its Q3 FY2020 earnings results, Microsoft reports COVID-19 has had a minimal impact on the company, with revenues and engagement up in all categories.

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