Guardian Media Group CEO Anna Bateson shares details of Tortoise Media's bid for The Observer and says "difficult decisions" are ahead if the deal falls through (Dominic Ponsford/Press Gazette)

Mediagazer: Guardian Media Group CEO Anna Bateson shares details of Tortoise Media's bid for The Observer and says “difficult decisions” are ahead if the deal falls through (Dominic Ponsford/Press Gazette)

Top News:

Columbia Journalism Review:

Jeff Bezos should donate The Washington Post to a public charity that maintains its quality and independence, as he is too financially compromised to own it— His conflicts of interests are insurmountable. He can take a heroic path to strengthen journalism.
Discussion: Washington Post, Harrie Vredenburg on LinkedIn, @tvgrimreaper, @nypoet, @glastris, @ckrewson, @froomkin, @mediaevan, @dicktofel, @mikeelk, @margotroosevelt, Newser, @ddimick, @lenfestinst, @rich1, @stevenwaldman, Lauren Gustus on LinkedIn, Hard-G History, @kegill@mastodon.social, Chris Rauber on LinkedIn, @heidilifeldman@mastodon …, Semafor and r/Journalism

Discussion:

Harrie Vredenburg /
Harrie Vredenburg on LinkedIn: Kissing ass? — When you're the second richest man in the world with a net worth of over $200 billion? …

Michele Madigan Somerville /
@nypoet: “There are too many points of pressure. Bezos is simply too financially compromised to be the owner of one of the most important news outlets in America, especially one operating in the nation's capital.” https://www.cjr.org/... via @cjr

Paul Glastris /
@glastris: Two thoughts on the ongoing dumpster fire consuming Jeff Bezos and the Washington Post. First, Bezos should follow the advice of @monthly contributing editor @stevenwaldman and turn the paper into a 501(c)3 charity /1 https://www.cjr.org/...

Chris Krewson /
@ckrewson: One fun side effect of this idea: Nonprofits, by law, cannot endorse candidates.

Dan Froomkin /
@froomkin: The great @stevenwaldman makes the argument better than I did, via @CJR: Bezos should donate the Washington Post to a public charity dedicated to maintaining its quality and independence. https://www.cjr.org/...

Evan DeSimone /
@mediaevan: Turning the Washington Post over to a charity trust has some merit, but it would also be an admission that it can never again compete at the level it once (very recently) did. https://www.cjr.org/...

Richard Tofel /
@dicktofel: Certainly a fan of news nonprofits, but donating the Post doesn't solve the problem if it is still losing lots of money. Even with millions of subs, it lost $77MM last year, and ⁦@cforman⁩ estimates that the last week has cost it perhaps $30MM more. https://www.cjr.org/...

Mike Elk /
@mikeelk: Without subscriber boycott, journalists wouldn't be discussing turning Washington post into a non profit trust https://www.cjr.org/...

Margot Roosevelt /
@margotroosevelt: .⁦@DrPatSoonShiong⁩ could take big tax deduction & reclaim his civic service mantle. Donate @latimes to a charity as have Gerry Lenfest, Paul Huntsman & Nelson Poynter with their papers. ⁦@stevenwaldman on @jeffbezos Columbia Journalism Review https://www.cjr.org/...

Dennis Dimick /
@ddimick: Damn straight. The only hope for ⁦@washingtonpost⁩ https://www.cjr.org/... @lenfestinst: As concerns over newspaper publishers exerting influence over editorial content grow, The Lenfest Institute's nonprofit, non-controlling ownership of @PhillyInquirer can serve as a model for other publications. More in @CJR: https://www.cjr.org/...

Richard Robbins /
@rich1: This is really smart, and perhaps the only option for @JeffBezos to save the @washingtonpost. https://www.cjr.org/...

Steven Waldman /
@stevenwaldman: Here's how Jeff Bezos can be a hero: donate @washingtonpost to a charitable trust. We've seen this work in Salt Lake City, Philly, Tampa. Here's how it would work>> https://cjr.org/...... @lenfestinst @JimFriedlich [image]

Lauren Gustus /
Lauren Gustus on LinkedIn: “Nonprofit” does not mean “losing money.” Nonprofit news organizations can sell ads, offer subscriptions, and take donations. …

Gillian Brockell /
Hard-G History: Bezos should sell The Washington Post, but not to another billionaire

Kathy E. Gill /
@kegill@mastodon.social: No wonder the Philadelphia Inquirer has done such excellent work this election: it's owned by a NFP (charitable trust). — Yes! Jeff #Bezos SHOULD Donate the #WashingtonPost to a Charity — https://www.cjr.org/... #Election2024 #USPolitics #NewsMedia #businessModels

Chris Rauber /
Chris Rauber on LinkedIn: The Guardian reports that the Washington Post has lost 250,000 subscribers from cancellations — 10 percent of its total digital subscriber base …

Heidi Li Feldman /
@heidilifeldman@mastodon.social: This would be amazing. https://www.cjr.org/...

RELATED:

Status:

Sources: potential buyers line up in case Jeff Bezos ever sells WaPo, including Kara Swisher, who would assemble investors and seek to merge it with Vox Media— Potential suitors for The Washington Post are eagerly positioning themselves, waiting for the day in which Jeff Bezos might choose …

Discussion:

Steven Waldman /
TVNewsCheck: Jeff Bezos Should Donate The Washington Post To A Charity

Michael McCardel /
KVUE-TV: Do newspaper endorsements even matter? Washington Post, LA Times decisions raise the question

Craig Forman /
@craig.forman@threads.net: A @karaswisher - led purchase of @washingtonpost with a goal of independent journalism in the public interest supported by an appropriate business plan and supportive board / ownership structure is a good idea. 👍

John F. Harris /
Politico: Ben Bradlee's Posthumous Advice to Jeff Bezos: You Need to Sell The Washington Post.

Oliver Darcy /
@oliverdarcy.bsky.social: Scoop: In the days since Jeff Bezos plunged WaPo into turmoil, there has been buzz about the possibility he might want to sell the paper. — Outside the usual suspects, I'm told KARA SWISHER would be interested in assembling a group of investors to make a bid. — Details: www.status.news/p/washington...

Oliver Darcy /
@oliverdarcy@threads.net: Scoop: In the days since Jeff Bezos plunged The Washington Post into turmoil, certain media circles have been abuzz about the possibility he might be willing to part ways with the paper. — In fact, outside the usual suspects who would be expected to explore the opportunity …

Nieman Lab:
A broad group of news outlets attracted new subscribers after WaPo's lack of an endorsement for president; The Philadelphia Inquirer gained 4,200+ subscribers

Discussion:

Emi Kolawole /
Emi Kolawole on LinkedIn: If you've been following the Washington Post publisher's ill-timed decision to bring an end to candidate endorsements …

Elahe Izadi /
Washington Post: After non-endorsement, 250,000 subscribers cancel The Washington Post @wdlindsy@toad.social: Sarah Scire reports that publications endorsing Harris, including the Philadelphia Inquirer and The Guardian, are capitalizing on the controversy Jeff Bezos has caused by yanking a Washington Post endorsement of Harris. Other publications endorsing Harris are now racking up new subscribers. …

Rachel Kleinfeld /
Just Security: Rising Authoritarianism and Plutocracy Are a Dangerous Mix for Press Freedom

Sara Guaglione /
Digiday: Presidential candidate endorsements boost subscriber conversions and donations at some publishers

Evan Benn /
Evan Benn on LinkedIn: “The Philadelphia Inquirer gained more than 4,200 new digital subscribers — ‘about three times a typical week’ and ‘our biggest week of new starts ever,’ publisher and CEO Lisa Hughes said. …

Howard W. French /
Foreign Policy: Is Canceling Your Washington Post Subscription Good for Democracy?

Bari Weiss /
The Free Press: The Free Press Votes

Hadas Gold /
CNN: Donald Trump weaponizes non-endorsements from The Washington Post and Los Angeles Times

David Akin /
@davidakin@mstdn.ca: “The Washington Post's non-endorsement led to record-breaking weeks at other news orgs: The Philadelphia Inquirer had its best week for new subscriptions ever and The Guardian U.S. broke its single-day fundraising record — twice. ” #media — https://www.niemanlab.org/...

Ariel Zilber /
New York Post: Washington Post loses 250K — or 10% — of subscribers over decision not to endorse Kamala Harris: report

Dominic Ponsford /
Press Gazette: Guardian endorsement of Harris reaps it near $2m boost after editor's email

Bloomberg:

OpenAI unveils ChatGPT Search to let users search for timely information using GPT-4o, after testing the feature in July 2024, a direct challenge to Google— The new option will let the chatbot's users search for timely information much as they would on the web.

Discussion:
Reuters, Fast Company, TechCrunch, Forbes, Quartz, The Information, CNBC, Wired, DNyuz and Adweek, more at Techmeme »

Discussion:

Juby Babu /
Reuters: OpenAI adds new search function to ChatGPT

Mark Sullivan /
Fast Company: ChatGPT's new web search function puts the web ecosystem (and Google) on notice

Kyle Wiggers /
TechCrunch: OpenAI launches its Google challenger, ChatGPT Search

Ty Roush /
Forbes: OpenAI Launches AI-Powered Search Engine That Could Challenge Google—Here's What To Know

Britney Nguyen /
Quartz: OpenAI launches its search engine to compete with Google

Stephanie Palazzolo /
The Information: OpenAI's ChatGPT Adds Search Features in Challenge to Google

Reece Rogers /
Wired: ChatGPT's AI Search Tool Is Now Available

Lucinda Southern /
Adweek: Google's Strong Earnings Indicate Its Search Dominance Is Going Nowhere

RELATED:
Washington Post:

OpenAI says ChatGPT Search draws on articles from the WSJ and others it has deals with, and will direct election-related queries to sources like AP and Reuters— The artificial intelligence developer's chatbot can now search and summarize the web. — SAN FRANCISCO — Artificial intelligence …

Discussion:
Fast Company, GeekWire, Engadget, Ars Technica, Financial Times, The Verge, 9to5Google, Android Authority, Search Engine Land and DNyuz, more at Techmeme »

Discussion:

Mark Sullivan /
Fast Company: OpenAI launches web search in ChatGPT

Todd Bishop /
GeekWire: OpenAI's ChatGPT search engine challenges Google and Microsoft, and further upends the web

Will Shanklin /
Engadget: ChatGPT Search will do the legwork for you

Cristina Criddle /
Financial Times: OpenAI brings online search to ChatGPT

Kylie Robison /
The Verge: OpenAI's search engine is now live in ChatGPT

Danny Goodwin /
Search Engine Land: ChatGPT search officially launches

Deadline:

In its Q3 earnings call, Comcast CEO Mike Cavanagh says the company is weighing spinning off its cable networks and open to “partnerships in streaming”— Comcast President Mike Cavanagh delivered an eye-opening update to investors on this morning's third-quarter earnings call …

Discussion:

Bevin Fletcher /
StreamTV Insider: Comcast looks to play offense, explores spinning out cable TV networks

Brian Steinberg /
Variety: Before NBCU Considered Spinning Off Cable Networks, It Shut Many Down

Alexandra Steigrad /
New York Post: MSNBC parent Comcast weighs spin-off of declining cable networks

Benjamin Mullin /
New York Times: Comcast Explores Spin-Out of Cable Business

Pascale Paoli-Lebailly /
Advanced Television: TF1 streaming ad revenues up 40%

Bill Bradley /
Adweek: NBCU Parent Comcast Explores Spinning Off Cable Networks

Allison C. Rost /
@acrostical.bsky.social: I cancelled my Comcast cable and internet yesterday, and I could not be happier about it. [embedded post]

Brian Steinberg /
@bristei: Remember Style? Chiller? G4? Cloo? No? That's because Comcast has unsentimentally shut foundering cable networks like those above, unlike rivals Paramount and Warner. Now Comcast may wring value from lackluster cable by spinning it off... https://variety.com/...

Alex Weprin /
The Hollywood Reporter: Comcast Says It May Spin Off Cable Networks and Seek a Streaming Partner Amid TV Business Tumult

Sara Fischer /
Axios: Comcast explores spinoff of cable assets

Mansha Daswani /
WORLD SCREEN: Comcast, NBCU See Q3 Revenue Gains

Lillian Rizzo /
CNBC: Comcast is exploring separation of cable networks business

RELATED:

The Hollywood Reporter:
Comcast reports Peacock's Q3 losses fell to $436M, down from $565M in Q3 2023, revenue rose 82% YoY to $1.5B, and subscribers rose 3M from June to 36M

Discussion:
The Desk, TVNewsCheck, Deadline, Streaming Better, Front Office Sports, Benzinga, The Wrap, Media Play News, The Streamable, Cord Cutters News, IndieWire and Variety

Discussion:

Dade Hayes /
TVNewsCheck: Paris Olympics Coverage Powers NBCUniversal & Comcast Results In Q3; Peacock Hits 36M Subs

Dade Hayes /
Deadline: Paris Olympics Coverage Powers NBCUniversal & Comcast Results In Q3; Peacock Hits 36 Million Subscribers

Eric Fisher /
Front Office Sports: Comcast's Olympic Gold: Paris Games Spark Peacock Subscriber Surg

Anusuya Lahiri /
Benzinga: Comcast Q3 Earnings: Olympics Power NBCUniversal Gains, Peacock Hits 36M Subscribers, Explores Forming New Company Of Cable Networks

Lucas Manfredi /
The Wrap: Peacock Q3 Loss Narrows to $436 Million as Paris Olympics Boost Subs to 36 Million

Erik Gruenwedel /
Media Play News: Peacock Adds 3 Million Subs to End Q3 With 36 Million as Comcast Considers Spinning Off Cable TV Assets

David Satin /
The Streamable: Peacock's Paid Subscribers Inch Up to 36 Million While Revenue Grows More Quickly

Luke Bouma /
Cord Cutters News: Peacock Soars with 3 Million New Subscribers As Olympics Fuels Record Revenue for Comcast

Tony Maglio /
IndieWire: Peacock Lost $436 Million in the Paris Olympics Quarter

CNBC:
Comcast reports Q3 net income down 10% YoY to $3.63B and revenue up 6.5% YoY to $32.07B; revenue for media, mainly composed of NBCU, rose 37% YoY to $8.23B

Discussion:
MediaPost, Sportico, The Streamable, Light Reading, The Information, Cord Cutters News, Tv Technology, Bloomberg, Reuters and Barron's Online

Discussion:

Wayne Friedman /
MediaPost: Comcast Looks To Spin Off Cable TV Networks, As NBCU Sees Q3 Revenue Rise Of 37%

Anthony Crupi /
Sportico: Comcast Books Record $1.91 Billion in Paris Olympics Revenue

David Satin /
The Streamable: Comcast Is Thinking About Spinning Off Cable Channels to Focus on Streaming

Jeff Baumgartner /
Light Reading: Comcast would've returned to broadband sub growth without ACP impact

Martin Peers /
The Information: Comcast Considers Spinning Off Cable Networks

Luke Bouma /
Cord Cutters News: Comcast Explores Spinoff of Cable Networks Including MSNBC & Is Considers Streaming Partnerships For Peacock Amidst Cord Cutting Challenges

Kelcee Griffis /
Bloomberg: Comcast Sales, Profit Beat Estimates After Olympics Boost

Harshita Mary Varghese /
Reuters: Comcast tops revenue expectations on Olympics ad boost, blockbuster releases

John O'Nolan:

Ghost's CEO details the organization's governance structure and says the open-source CMS generates ~$7.5M in annual revenue and has been profitable for 12 years— Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.

Discussion:

Mark Jaquith /
@markjaquith: I admit I was skeptical when John started Ghost. I'd baked in my own assumptions about the size and shape of the goal (even though he was pretty clear about it). This is a great post about his approach and future plans: narrow focus, maximal longevity. Sustainability over reach.

John O'Nolan /
@johnonolan: Alright, I'm publishing it. I've had a lot of questions over the last few weeks about how @Ghost is going to avoid ending up in the same situation as WordPress. A lot of trust in open source has been broken. So, I spent some time writing up how we structure and think about

Dr Dev Roychowdhury /
@drdevroy: As a performance scientist, I can assure you that this is how small teams achieve big things: “We'd rather stay small, be selective about what we work on, and know everybody's name.” ~ @JohnONolan

Dan Gillmor /
@dangillmor@mastodon.social: For my newsletter I decided on Ghost as a platform. This blog post from its co-founder will help you understand why: — https://john.onolan.org/...

Duane Storey /
@duanestorey: The #WordPress writing was on the wall years ago, and John read the signs. I am glad they've done well and built a proper village around democratic publishing, which seems much nicer than the Potemkin village we unfortunately inherited here in WordPress.

Ian Betteridge /
@ianb@mastodon.well.com: Memo to Matt Mullenweg: this is how you do it. — https://john.onolan.org/...

Anuj Ahooja /
@quillmatiq@threads.net: “we don't want to grow a giant company that we control, we want to grow a giant ecosystem that we support. One with a broad range of hosts, developers, agencies, partners and publishers who can build on top of shared infrastructure — where our role as a core team is helping the collective ecosystem thrive. …

Daniël /
@dvdwinden@threads.net: Very happy to be part of this team and contribute to our product. I look forward to seeing the ecosystem take shape 🥰

Peter Schulz /
@prschulz@threads.net: Very proud to be a part of this ❤️ 👻

Erik Enge /
Erik Enge on LinkedIn: One of the most exciting things for me when I joined Ghost was feeling connected with people who think about business differently. …

ProPublica:

An investigation finds eight deceptive operations on Meta's platforms that collectively controlled 340+ Pages and placed 160K ads to collect users' information— Co-published with Tow Center for Digital Journalism — Deceptive Political Ads: Eight deceptive advertising networks …

Discussion:

Emily Baker-White /
Forbes: Facebook Took More Than $1 Million For Ads Sowing Election Lies

Kim Perales /
@KimPerales@toad.social: #Billionaires are sabotaging democracy, they're among the wealthiest men in the world, #Musk, #Zuck, #Bezos... “Facebook is running ads right now saying the election may be postponed, or: #Harris may drop out. The ads appear to violate the co's misinfo. rules, but -still live. …

Craig Silverman /
Craig Silverman on LinkedIn: New investigation: Meta earns millions from deceptive political ads. — We found over 100,000 deceptive US political & social issues ads across +200 FB pages. … @craigsilverman@mastodon.social: NEW: Meta earns millions from deceptive political ads. — We found over 100,000 deceptive US political & social issues ads across +200 FB pages. Some pages falsely claimed to be run by the government and the ads were rife with deepfakes and false claims. — Story & 🧵: https://www.propublica.org/... @ProPublica@newsie.social: Exploiting Meta's Weaknesses, Deceptive #Political Ads Thrived on #Facebook and #Instagram in Run-Up to #election2024 — Despite Meta's stated commitment to crack down on harmful content, it failed to catch tens of thousands of ads that used false claims and deepfakes of political figures to collect users' sensitive personal data or bait them into monthly charges. …

Press Gazette:

Guardian Media Group CEO Anna Bateson shares details of Tortoise Media's bid for The Observer and says “difficult decisions” are ahead if the deal falls through— Anna Bateson says Observer is loss-making but has chance to be sustainable with Tortoise.

Discussion:
Sky News, Press Gazette and New Statesman

Discussion:

Mark Kleinman /
Sky News: Guardian chief pledges decision on controversial Observer deal by Christmas

Jim Chisholm /
Press Gazette: The Observer has a half-life of six years: Tortoise deal is best option for brand and staff

Roger Alton /
New Statesman: Why the Tortoise sale may be good for the Observer

Fortune:

Internal memo: Block CEO Jack Dorsey says Tidal is in for another mass layoff; insiders say as many as 100 people could be laid off, or ~25% of Tidal's staff— Block CEO and founder Jack Dorsey wants streaming music app Tidal to operate like a startup again - and that means layoffs

Discussion:

Elias Leight /
Billboard: TIDAL Cuts More Staff: ‘We Are Going to Be Smaller, Focus on Fewer Things’ @7sleepersmusic@mastodon.social: Dorsey owns #Tidal? Sh*t. Didn't know that. Seemed like a good music service that paid artists better than other platforms. I'm a subscriber. Possibly not for much longer :-( #Music #Technology #Oligarchs https://fortune.com/...

Jeremiah Lee /
@Jeremiah@alpaca.gold: Jack Dorsey announced the latest Tidal layoff by saying the company needed to act “like a startup again.” — What does that mean? “We're going to [...] remove the product management and product marketing functions entirely.” — A startup without product management or product marketing is called a dead startup. …

Kali Hays /
@kalihays1@threads.net: More layoffs at Jack Dorsey's Tidal. Sigh. Because it needs to operate “like a startup again.” Dorsey didn't specify the number of ppl getting cut, but I'm told it's at least 100 (so about a quarter of Tidal's staff) and more expected as engineering cuts to take place in a few weeks. https://fortune.com/...

Ashley King /
Digital Music News: Tidal Hit With Another Wave of Layoffs, Jack Dorsey Says ‘We Need to Build Like a Startup Again’

Sherin Shibu /
Entrepreneur: Jack Dorsey Tells Tidal Staff About Another Round of Mass Layoffs in Leaked Note: ‘Much Smaller Team’

Sarah Fielding /
Engadget: Tidal, which is in dire need of some good marketing, lays off its entire product marketing team

Aidin Vaziri /
San Francisco Chronicle: Jack Dorsey initiates layoffs at Tidal, saying the S.F. company must operate ‘like a startup’

@baltsunguild:

The Baltimore Sun Guild's news members plan a byline strike November 3-10, citing sliding journalistic standards and union-busting proposals from management— NEW: The Baltimore Sun Guild's news members are launching a seven-day byline strike, from Nov. 3 to Nov. 10, including Election Day, citing sliding journalistic standards and union-busting proposals raised by management at the bargaining table. [image]

Discussion:
@baltsunguild and r/Journalism

Discussion:

@baltsunguild:
We're calling on readers to stand with us to demand better working conditions and newspaper ethics and standards that should be the norm. If you agree, join us at 8 a.m. Nov. 4 for a kick-off event at 200 St. Paul Pl. or send a letter to Sun management: https://actionnetwork.org/...

The Verge:

Disney+ rolls out a top 10 list on the app's home screen, in line with Netflix, Max, Apple TV+, and Prime Video— As Disney Plus has grown, finding things to watch has become increasingly challenging. So the streaming service is rolling out a top 10 list featured on the home screen in hopes of improving discoverability.

Discussion:
Decider, BGR and The Walt Disney Company

Discussion:

Anna Menta /
Decider: Is ‘Hitpig’ Streaming on Netflix or Disney+?

Jacob Siegal /
BGR: Disney+ app finally gets its own top 10 list of movies and shows

Meta Investor Relations:

Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% to $15.69B, and family daily active people up 5% to 3.29B on average for September 2024— Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.

Discussion:

Stuart Dredge /
Music Ally: Meta's Threads now has more than 275m monthly active users

Rocio Fabbro /
Quartz: Meta is on an AI spending spree. It's only going to get bigger

Barbara Ortutay /
Associated Press: Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Gene Munster /
@munster_gene: Following the $META call, the key takeaway is the core business is doing great and they're aggressively investing in AI to become the next big thing. My guess is that big thing is related to monetizing search. [video]

Roberto P. Nickson /
@rpn@threads.net: Meta just delivered its most profitable quarter on record ($40.6 billion) Stock is down after-hours (maybe just overbought) likely due to investors spooked over how much they will spend over the coming years developing AI. But I think that's a bullish indicator. Llama adoption has been skyrocketing. …

Lance Ulanoff /
@lanceulanoff@threads.net: This slide from Meta Earnings tells quite a story. Look at the revenue generated from Reality Labs as compared to the losses. Advertising is still the key revenue driver (by a mile) so, obviously, it's critical that Meta integrates ad opportunities into its AI and AR offerings.

Rat King /
@mikeisaac: wall street is happy that meta's big spending on AI is bringing in more money this year wall street is not happy that meta's big spending on AI will cost it more money next year https://www.nytimes.com/...

Alexei Oreskovic /
@lexnfx: Also worth noting that Meta stock has been on a run, up 22% since August, compared to Nasdaq only up 8%.

Tae Kim /
@firstadopter: Facebook apps made $22 billion in op. profit in Q3, empowered by AI technology (Nvidia GPUs). Google said all 7 of its major 2 billion user products have incorporated Gemini AI. Alphabet made $28.5 billion in Q3 profit. The hand wringing over AI ROI is silly at this point.

Kali Hays /
Fortune: Mark Zuckerberg says a lot more AI generated content is coming to fill up your Facebook and Instagram feeds

Robert Miller /
The Times: Meta user growth fails to hit the mark

Kalley Huang /
The Information: Meta's Revenue Rises 19% in the Third Quarter

Dade Hayes /
Deadline: Meta Delivers Strong Q3 Report And Upbeat Holiday Outlook; Daily Active Users Grow 5% To Nearly 3.3B

Yahoo Finance:

Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+— Roku (ROKU) stock fell more than 10% in after-hours trading on Wednesday after the company's Q4 guidance disappointed, despite the media player reporting …

Discussion:
Benzinga, Streaming Better and Media Play News

Discussion:

Dylan Berman /
Benzinga: What's Going On With Roku Stock Thursday?

Erik Gruenwedel /
Media Play News: Roku Platform Tops $1 Billion in Q3 Revenue, 85 Million Households With Streaming Hours Up 20%

RELATED:

The Hollywood Reporter:
Starting in Q1 2025, Roku plans to stop giving quarterly updates on the number of streaming households and average revenue per user, following Netflix

Discussion:
StreamTV Insider, YourStory.com, Cord Cutters News, Advanced Television, Roku Inc., Motley Fool, Benzinga, Barron's Online, Reuters, Variety, Deadline, The Wrap and Bloomberg

Discussion:

Daniel Frankel /
StreamTV Insider: Roku passes $1 billion in revenue in blowout Q3, stock still sinks

Ishan Patra /
YourStory.com: Microsoft posts double-digit Q1 earnings growth, but signals slowdown in cloud services

Luke Bouma /
Cord Cutters News: Roku Will Shift Its Focus From Streaming Players & Active Users to Focus on Advertising & Subscriptions Roku Inc.: Fellow Shareholders, — Fellow Shareholders, October 30, 2024 We delivered strong results in Q3 …

JesterAI /
Motley Fool: Roku Revenue Surpasses $1B Milestone

Chris Katje /
Benzinga: Roku Q3 Earnings Highlights: Revenue Beat, EPS Beat, Streaming Households Hit 85.5 Million

Janet H. Cho /
Barron's Online: Roku Posts First $1 Billion Revenue Quarter, Smaller-Than-Expected Loss

Todd Spangler /
Variety: Roku Q3 Earnings Top Estimates, Company to Stop Reporting Streaming Households Metric

Dade Hayes /
Deadline: Roku Tops Wall Street Estimates In First $1B Revenue Quarter; Streaming Provider To Stop Reporting Household Tally In 2025

Lucas Manfredi /