At Zoomtopia, Zoom announced the launch of OnZoom, a new online platform that allows paid Zoom users the ability to monetize events.
Last week, Microsoft [NYSE: MSFT] reported a strong finish to a record fiscal year 2019, for the period ended June 30, 2019. During the fourth quarter earnings call last Thursday, Microsoft announced revenue of $33.7 billion, a 12% increase year-over-year, and operating income of $12.4 billion, a 20% increase. Net income for the quarter was $13.2 billion (GAAP), a 49% increase year-over-year, and diluted earnings per share of $1.71 (GAAP), a 50% increase year-over-year.
In this weeks subscription news, Amazon launches an ad-supported music service for owners of the Echo, Conde Nast cuts magazine staff under Roger Lynchs leadership, and YouTube premium subscribers might get $2 a month to send to their favorite creators. Also this week, Qualcomm and Apple drop their lawsuits against each other, a seafood subscription box launches along the Oregon Coast, and a report estimates that MoviePass lost 90% of its subscribers in less than a year.
Square, a manufacturer of a payment processing device that allows small merchants to accept credit cards, went public recently. Russell Perkins explores the fact that presentation means everything.
Alarm.com is seeing growth in its SaaS and license revenue as that line of business becomes a larger part of total revenue. In fact, in its fourth quarter and full year 2017 financial report, Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported SaaS and license revenue of $65.2 million, a 39 percent increase compared to Q4 2016 revenue of $46.9 million. Total revenue grew to $88.8 million, a 27 percent increase over $69.8 million for the same period last year.
In this weeks Five on Friday, Entrepreneur magazine shares ways to become a standout in the subscription industry, FedTech News tells us why the Army Corps of Engineers is moving toward SaaS, Forbes explores whether the evolution of digital ads will eventually lead to better advertising, PYMNTS.com predicts that subscriptions are the future of fashion, and Tulsa Business & Legal News offers tips on how to effectively use your website as a marketing tool.
In this weeks Five on Friday, weve got some great subscription articles for you. Well give you new information on the popularity of subscription video apps, NBA Careers shares an exciting direct-to-consumer retention and engagement job opportunity, Shopify gives great tips on home page design, the Hollywood Reporter explains that Americans think cable TV is too expensive, and New York Magazines sites are going behind a paywall.
Smart home hub provider Wink outraged customers last week when it unexpectedly announced a switch to the subscription model.
The New York Daily News started its week out with a bang, announcing Monday that it was cutting its newsroom staff in half. The cuts include editor-in-chief Jim Rich and managing editor Kristen Lee, reports the Chicago Tribune. Staff was notified via email that the newspaper would focus on breaking news, specifically news related to crime, civil justice and public responsibility. Tronc purchased the New York tabloid newspaper last year for $1.
Last week TheStreet (NASDAQ: TST), a financial news and information publisher, announced it was laying off 10 editorial employees in its third round of layoffs since October 2016, reports Talking Biz News. Founded by financial expert Jim Cramer, TheStreet is shifting its focus to its paid products after experiments with video and branded content failed to meet expectations.