Facebook Beats Revenue Projections, Boosting Stock to All Time High

When Facebook (NASDAQ: FB) reported third quarter revenue above projections, stockholders indicated their approval, boosting stock prices by almost 5% at one point, says Business Insider. During the most recent quarter, Facebook earned $4.5 billion in total revenue, compared to $4.37 billion predicted by analysts. That's an impressive spread, but what's more impressive is that Facebook's revenue is 41% higher than it was for the same period last year! No wonder investors are excited. Other highlights from…

Pandora’s Stock Dives After Positive Q3 Report

On October 22, Pandora (NYSE: P) had good news and bad news to share. The good news - revenue was up 30% or more in every category, and the number of listeners and listener hours were up slightly over the same period last year. The bad news - Pandora missed its revenue projection by $1.4 million, driving down stock prices by 20% by the end of the day, a loss of $85.9 million, according to…

Weekly Subscription News Round-up for Nov. 6

Napster relaunches as a subscription, Amazon abandons its roots, and The Sun drops its paywall. Get those headlines as well as news on short-form subscriptions, content paywalls, millennial women, streaming music, ad blocking, brick and mortar stores and more.

PayPal Posts Solid, Solo Quarter with Record Revenue of $2.26B

Last week PayPal reported record revenue of $2.26 billion and an addition of 4 million new users for the third quarter of 2015, ending September 30, 2015. This was PayPal's first solo earnings report since splitting from eBay in July. In the company's press release, PayPal (NASDAQ: PYPL) said it "gained market share, expanded its customer base, deepened engagement with merchants and consumers and delivered on its financial commitments." Dan Schulman, president and CEO of PayPal,…

Amazon Pulls Apple TV Products, Launches Brick-and-Mortar Store

Far be it for a week to go by without Amazon making headlines. The latest Amazon news - Amazon pulled all Apple TV and Google Chromecast products from its online retail store, including third-party retailers. Amazon did this the same day as the official launch of the new Apple TV. Not a coincidence. In fact, Business Insider says that if you search for Apple TV or Google Chromecast on Amazon.com, the site will recommend Amazon Fire…

The Sun to Abandon Paywall and Two Apps Nov. 30

Last week the British tabloid The Sun announced that it is bringing down its paywall and abandoning its Sun Mobile and Sun Goals apps, effective November 30. The Sun's websites (U.K., Irish and Scottish editions) will now be free. Owned by News UK, a subsidiary of the Rupert Murdoch-owned News Corp., The Sun will continue its Sun Classic app, a digital replica of the daily print edition of The Sun, which is available to subscribers for…

New York Times Offers Same-Day Digital Access to Single-Copy Newspaper Buyers

What's black and white and 'read' all over? A newspaper! That may be an old joke, but that's still true today, even for newspapers like The New York Times that are more focused on their digital footprint than their print one. In an interesting move, The New York Times is offering same-day digital access to customers who buy a single-copy newspaper. According to Politico, this is a new promotion without a set end date, and the…

NBC Woos Cord Cutters and Cord Nevers with Subscription Comedy Service

NBC is trying to woo cord cutters and cord nevers with its plans to launch Seeso, an all-you-can-eat comedy streaming video service. For $3.99 a month, subscribers can watch their fill of comedy classics like The Office and 30 Rock, exclusive programs including Monty Python's Flying Circus and Kids in the Hall, only available on Seeso, as well as original programming like The UCB Show, an animated adventure from Dan Harmon. According to Mashable, Seeso is…

Netflix Announces Q3 Results, Cites Involuntary Churn for Slower U.S. Growth

Yesterday Netflix announced its third quarter earnings for 2015. Overall, global membership increased by 3.62 million to 69.17 million subscribers, representing an increase of nearly 20%. Growth on the U.S. side of membership, however, was lower for the period. In the U.S., Netflix added 0.88 million new members, compared to 0.98 million new members for the same period last year, an 11% decrease. …

PlayStation Now Subscriptions Available in the UK for £12.99 Month

PlayStation owners in the U.K. can now play their favorite games with a PlayStation Now monthly subscription, says Engadget. For £12.99 a month, gamers have unlimited access to 150+ games in the PlayStation Now library, following a 7-day free trial. As an alternative to the subscription, users can rent individual games from £3 to £10 for 2- or 30-day periods. Sony launched PlayStation Now, a streaming game service, in the U.S. earlier this year. In the…

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