In this week's subscription headlines, Blue Apron's stock drops after failing to meet revenue projections, The Guardian reports that reader payments make up 12 percent of their revenue, and plus-size subscription service Dia&Co adds $70 million in new funding. Also this week, AutoNation launches a used-car subscription service, BlackBerry buys a cybersecurity firm, and Squarespace develops a new feature for DTC subscription brands.
Five on Friday, April 3, 2020: video subscriptions, coronavirus ad-blocking, monetizing livestreams.
After a difficult year, The Walt Disney Co. is showing signs of recovery, posting a 95% increase in net income year-over-year.
Last week Amazon (NASDAQ: AMZN) launched a STEM Club Toy subscription for kids aged three to 13, reports Engadget. The new Amazon subscription delivers curated, high-quality toys centered around STEM learning: Science, Technology, Engineering and Math. For $19.99 a month plus tax, parents no longer need to guess what types of STEM-related toys are ideal for their child's age.
Amazon can boast that this years Thanksgiving shopping weekend was the best in company history, but they are failing on their one and two-day delivery promise to Prime members, reports Recode. Customers are sharing their complaints on social media, like this exchange between Jamie Williams and Amazon Help on December 3. Williams said delivery time for his package is longer than stated, and Amazon replied that extended delivery times can be expected during the holidays.
This weekend Lee Enterprises (NYSE: Lee) reported its quarterly and fiscal year financials for the period ended September 25, 2016. Lee, which provides news, information and advertising in 50 U.S. markets in 22 states, posted quarterly earnings of $0.7 million, or $0.01 per diluted common share. Earnings for the same period last year totaled $10.1 million, or $0.18 per diluted common share. For the fiscal year, Lee earnings were $36.0 million, or $0.64 per diluted common share, compared to $24.3 million, or $0.43 per diluted common share, for the prior year.
Year-end financials are beginning to roll out, so there is a lot of subscription news in this week's headlines. In addition, Wired is offering a subscription option to users of ad blockers, HBO Now is seeing some growth less than a year in, and you can subscribe to an "all you can download" apps subscription club. Other featured topics include SaaS, native ads, cost cutting and one-click checkout
Cloud software company Adobe is on a roll with another strong earnings report. For the period ended August 30, 2019, Adobe (NASDAQ: ADBE) had a record quarter with $2.83 billion in revenue, representing 24% growth year-over-year. Subscriptions revenue represented $2.5 billion of total revenue (89.8%), product represented $157.3 million (5.6%), and services and support represented $130.2 million (4.6%).
IoT, SmartBike and Subscriptions: How Clear Channel International is Turning Pedal Power and Data into Revenue
Learn how the SmartBike brand globally scaled into nine countries with over 25,000 bikes. Speakers detail technology decisions, including IoT, and processes that SmartBike is implementing that allow them to easily scale, delivering a streamlined customer experience, advertising, user tracking and revenue opportunities.
In this case study, Founder and Editor of RFID Journal, Mark Roberti, discusses how he played to his strength by creating a cornucopia of content around radio frequency identification (RFID) and then made more money by hosting industry-specific events. This is a great read for anyone interested in hybrid business models and managing multiple revenue streams. Of particular note is the journal's ability to convince 25% of its paying members to commit to a three-year subscription through the strength of its content, as well as the different options they offer advertisers.