Shopify Merchants Had Record Sales of $2.4B on Black Friday 2020
Black Friday was a multi-billion dollar holiday for Shopify merchants. They set record sales of $2.4 billion, a 75% increase over 2019 sales.
AMC Theatres’ Q3 Revenue Down 91% Due to Pandemic
AMC Theatres reported total revenue of $119.5M in the third quarter of 2020, a 91% decrease, due primarily to COVID-related theatre closures.
Disney Raises Price of Hulu + Live TV by $10 a Month
Disney-owned Hulu is raising rates for their Hulu + Live TV package by $10 a month bringing the cost to $64.99, an 18% increase.
The New York Times Hits 7 Million Paid Subscribers
New York Times hits milestone with 7 million subscribers. Also digital-only subscription revenue exceeds print revenue for the first time.
Five on Friday: Wrestling, Selling and Browsing
WWE & the WWE Network report big revenue increases, Under Armour is selling MyFitnessPal and Google One launches a VPN subscription service.
Apple Reports Record Revenue of $64.7B in Q4 FY20
In its fourth quarter fiscal year 2020 earnings results, Apple reported record revenue of $64.7 billion in product sales and services revenue.
Netflix Is Raising Prices $1 to $2 a Month for U.S. Subscribers
Streaming video subscription service Netflix is raising prices $1 to $2 per month for U.S. subscribers, just weeks after halting free trials.
Amazon’s Third Quarter Net Sales Increased 37% to $96.1 Billion
Last week, Amazon posted its third quarter financial results, including net sales of $96.1 billion, a 37% increase year-over-year.
Microsoft Revenue Up 12% and Net Income Up 30% in FY21 Q1
In its Q1 FY21 earnings release, Microsoft reported total revenue of $37.2B, a 12% increase and net income of $15.9B, a 25% increase.
HBO Max Has 8.6 Million U.S. Subscribers in 4 Months
Just four months after its launch, HBO Max has attracted 8.6 million U.S. subscribers, ahead of WarnerMedia's goal for the SVOD service.
