We are just days away from the Super Bowl, and many of us have our minds on the big game and, if we're honest, the Super Bowl ads, including the sad demise of Mr. Peanut. Before you settle in for the weekend, check out what's happening in the subscription world. Sensor Tower reports that subscription apps in the U.S. grew 21% last year to $4.6 billion, Comcast predicts cord cutting will accelerate in 2020 and cable TV prices will go up, and Amazon Music now has 55 million subscribers. Also, Social Media Today shares three ways to grow your social media audience, and the NAB Show will compare 50+ streaming platforms and devices in April.
Tech giant Apple is starting 2020 off right with its first quarter earnings report of fiscal year 2020. For the period ended December 28, 2019, Apple had revenue of $91.8 billion, an increase of 9% year-over-year and an all-time company record. Sixty-one percent of the quarterly revenue came from international sales. The company also reported net income of $22.2 billion, and diluted earnings per share of $4.99, also company records.
Tracks, tiers and textbooks top the subscription news headlines this week. Cengage launches a $69.99-per-semester subscription tier for students who cant afford or dont need Cengage Unlimited; SoundCloud, now boasting more than 200 million tracks, hits revenue over $200 million; and The Daily Telegraph ditches circulation audits to focus on subscribers first. Also this week, Chase offers DoorDashs DashPass as an incentive to credit card customers, Noom quadruples revenue (again), and Luminary drops its price to lure more content and subscribers.
It is hard to believe that we are four weeks into the new year already. We hope your year is off to a great start! As we look ahead to 2020, others are looking at 2019 results and planning for the coming year. In this week's edition of Five on Friday, The Guardian and Digiday report that publishers are losing digital ad revenue because of blacklisted content, Amazon Prime grows to 112 million U.S. members, the governor of Kansas proposes taxation of digital streaming services, Americans spent more than $25B in home entertainment last year, and 2Checkout shares eCommerce trends to watch for in 2020. As an added bonus, House of Kaizen shares a new subscription job opportunity. Have a great week!
The numbers arent all in yet, but SiriusXMs preliminary results show the company did exceptionally well in 2019. In fact, their total subscriber base has reached a record-high 34.9 million, including the addition of 1.063 million net self-pay subscribers. This brings the total number of SiriusXM self-pay subscribers to 30 million, exceeding the companys initial guidance for subscribers. The company also expects to exceed its full year 2019 guidance for revenue, adjusted EBITDA and free cash flow. It will report its complete fourth quarter and full-year 2019 financial results on February 4, 2020.
We are just 10 days into the New Year, and the international headlines are grabbing everyone's attention. Check out today's Five on Friday for a pleasant distraction. In this week's edition, the Boardroom Salon for Men has made unlimited haircuts possible with a barber shop membership in select markets; Zuora discusses its thoughts on how subscriptions might be the future of banking; Apple's App Store made more than $50 billion last year, but can it keep up the pace; Forbes thinks the 2020s are finally the right time for ebooks; and LinkedIn shares top subscription jobs.
Looking back at 2019, we covered hundreds of subscription launches, mergers, subscription closures, financial triumphs and disasters, and much more. In this week's Five on Friday, we're going to take a look at the top five subscription stories of the year. Disney+ lands the mouse some serious cheddar, Apple tries to strike gold with subscriptions but doesn't find it, MoviePass finally fizzles out, broke and embarrassed, the government goes after subscription scams, and the GateHouse/Gannett merger creates a newspaper powerhouse that will be hard to compete with in the next decade.
With less than a week before Christmas, there are only a handful of shopping days left. We are, however, focused on subscriptions - which make great gifts by the way! In this weeks subscription headlines, Adobes stock jumps in popularity, Netflix goes all in on India, and Yellow and Grin launch a monthly bike and scooter subscription service in Brazil. Also this week, TikTok parent is working on a competitor to Spotify, Bill.coms IPO is off to a good start, and Peloton lowers its digital subscription price.
In this week's subscription headlines, Peloton stock falls after lowering its subscription app pricing (and after its unpopular ad), The Washington Post debuts a Spanish-language podcast, and Liverpool FC launches premium subscription content on YouTube. Also this week, BMW drops CarPlay annual subscriptions, Workday beats Wall Street estimates, and attorneys general urge FTC to stop deceptive marketing practices.
As we head into the holiday season and toward the New Year, subscription companies are making big moves. To prepare for the California Consumer Privacy Act, which will go into effect in January, Google is allowing websites and apps the ability to block personalized ads. Last weekend, Hulu made the most of the holiday shopping season by offering a screaming deal on its streaming video on demand service. Also in the news, Enpass is moving to a subscription model but promises to honor past 'Pro' purchases, streaming music services are on the most wanted list (are you listening, Santa?), and LinkedIn shares top subscription jobs.