Strong showing by Alphabet, Meta signal ad market rebound underway

  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A rebound in the advertising businesses of Google, Meta (META.O) and Snap (SNAP.N) signaled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy.

signaled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy.

Schindler said that the retail segment was particularly strong during the July-September period. He said the company had "started prepping retailers for what will be a long holiday season" to help them deliver deals to consumers who increasingly cared about price and convenience.revenue in the July-September quarter, ahead of Wall Street estimates. Its YouTube ads business witnessed a 12% jump in growth.

Snap's efforts to revamp its ad-targeting tools with technology also paid rich dividends, as average revenue per user increased in the third quarter. The companies are seen as more resilient to uncertainty fueled by geopolitical turmoil such as the conflict in Middle East as their wider reach helps attract a steady stream of advertisers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »

Alphabet's Q3 earnings might have shown a strong gain in Pixel revenueAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 11 Pro Max, he has seen smartphones evolve into a global phenomenon.
Source: PhoneArena - 🏆 322. / 59 Read more »

Meta Stock Jumps on Strong EarningsThe Facebook parent reported revenue of $34.2 billion, up 23% from a year ago.
Source: MarketWatch - 🏆 3. / 97 Read more »