| | | | | First Things First | | May 1, 2020 | By Jess Zafarris |
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| Amazon’s Ad Business Proved a Highlight Amid Wider Q1 Earnings Miss | |
Amazon's net income on sales was down year over year by $1.1 billion, but it's Amazon Advertising division was the company's strongest performer in Q1. The division's quarterly revenues soared to the tune of 44% to $3.9 billion, outpacing growth in established business segments such as online sales (24%), subscription services (28%) and Amazon Web Services (33%). The unit continues to establish itself against larger ad rivals Facebook and Google. Read more on Amazon's earnings here. More earnings reports from the week: - Twitter beat earnings projections for the first quarter of 2020, led by 24% growth year over year in monetizable daily active users (mDAU)—or daily users who can view ads—and 3% revenue improvement (though still a net operating loss) during the same time period. Read more on Twitter's earnings here.
- For Facebook, some good news and bad news. Revenue in the first quarter rose 18% year over year; however, CPMs reportedly reached an all-time U.S. low in early April. Read more on Facebook's earnings here.
- Alphabet generated $41 billion in revenue in Q1 on the back of Google's search arm, which accounted for more than $24 billion. YouTube ads chipped in another $4 billion in Q1. Read more on Alphabet's earnings here.
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| 3 Ways Companies Are Encouraging Mental Health and Wellness During the Crisis | |
Rachel Spiegelman, President, Integrated Marketing, LRW Group "We are repurposing our wellness initiatives—like yoga and meditation—to a virtual format so we can continue offering these services to employees (though unfortunately haven't been able to make massages virtual yet!)" Cathy Butler, Chief Executive Officer, Organic "Beyond the wellness resources we have, we share daily care tips (via our own OrganicBot) to drink water, stay hydrated, and to take eyeball breaks." TJ Leonard, CEO, Storyblocks "Our leadership and meditation coach, Rashmi Nair-Ripley, who normally works on-site several days a week as a professional resource for staff, has added company-wide meditation sessions twice a week to handle the stress of this situation." | | | |
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| | Featured Jobs | National Brain Tumor Society Newton, Massachusetts | Jump Company Saint Louis, Missouri | Cashmere Agency Los Angeles, California | General Mills Minneapolis, Minnesota | MERGE Roswell, Georgia | | |
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