2020.10.23 Last Week in Digital Media

Hello

Thank you for your indulgence as I took a weekend away from the newsletter. Here’s your Last Week in Digital Media, a bumper edition with 2 weeks of news you may have missed:

GENERAL

ONLINE VIDEO

QUARTERLY EARNINGS

  • Snap released its Q3 earnings (PDF link) and outperformed market expectations, sending the stock up 37%. Snap now has 249MM Daily Active Users (DAUs), Q3 Revenue also increased by 52% YoY. Of note, most of Snap’s growth comes from outside the US and Europe.
  • Netflix’s Q3 earnings saw a slowdown in growth (PDF link), with Netflix adding 2.2MM subscribers. Most of Netflix’s growth was driven out of APAC. The company cited YouTube, TikTok, Disney+, and Peacock as competitors for screen time. Netflix is also testing a promotion called StreamFest (in India), giving anyone free access to Netflix for 48 hours.

REGULATORY

PRIVACY, TRUST, and SAFETY

Have a great week.

Joshua