Facebook slows, Snapchat grows & Amazon pledges more video investment: this week in media

Facebook slows, Snapchat grows & Amazon pledges more video investment: this week in media

Facebook’s slowest ever quarter

Facebook now has 1.4 billion daily users, up 2.18% compared to growing 3.8% to 1.37 billion users in Q3.  Facebook reached $12.97 billion in revenue and $4.26 billion in profit, at $6.18 average revenue per user (up 27% from last year).  Read more on TechCrunch >>

SnapChat shares spike on earnings boost

SnapChat recorded its first quarterly earnings win, with 5% user growth (adding 8.9 million with users now at 189 million) and revenue up to $285 million, a 72% year-on-year growth.  Read more on TechCrunch >>

Amazon pledges to invest more in video

Amazon has said it will continue to invest in video content and will incorporate it into its financial guidance each quarter as it goes through the year.  Read more on DigitalTVEurope >>

The state of the publishing union (by Vox CEO)

Vox CEO Jim Bankoff on the state of the publishing union, and why Vox is winning through a mix of quality and scale. Read more on VoxMedia >>

MTG sells its Nordic TV business to TDC

MTG has agreed to sell its Nordic broadcasting and entertainment business to Danish telco TDC in a deal that values the assets at SEK19.55 billion (€2.0 billion).  Read more on DigitalTVEurope >>

MTG sells off its Bulgarian assets, Google Chrome ad blocker launches & CNN global digital lay-offs: this week in media

MTG sells off its Bulgarian assets, Google Chrome ad blocker launches & CNN global digital lay-offs: this week in media

Fox’s Sky deal blocked, SnapChat breaks out app & Netflix’s biggest quarter: this week in media

Fox’s Sky deal blocked, SnapChat breaks out app & Netflix’s biggest quarter: this week in media