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Revenue News

Microsoft is now worth the same as Apple

A year ago Microsoft was worth just 50 percent of Apple, based on share price. Today the two companies are worth roughly the same, signalling an impressive growth curve from Microsoft. How did this happen?

Netflix plunges 14 percent after missing subscriber additions

Netflix's stock got hammered after the bell after reporting that it added far fewer subscribers in the second quarter than Wall Street was expecting — and warned of another subscriber shortfall to come in the third quarter.

Competition to buy Internet giant Yahoo starting to heat up

London - Talks are underway in London between potential bidders for venerable Internet giant Yahoo, led by England's Daily Mail newspaper and websites.

Justice Department sues city of Ferguson to push police reform

Ferguson - The U.S. Department of Justice has filed a civil rights lawsuit against Ferguson, Missouri, because the City Council tried to amend a deal with the DOJ that would have enacted changes in its policing and court practices.

Sony profit boosted by PlayStation 4, sales may be double Xbox's

Sony Corp. posted a 33.5 percent jump in profit over the last quarter this week despite struggling to succeed in its smartphone and consumer electronics businesses. The PlayStation 4 led the sales as the console continues to prove popular.

Google paid Apple $1b in 2014 to remain default iOS search engine

Google reportedly paid Apple $1 billion in 2014 to remain as the default search engine in the company's iOS software used on the iPhone and iPad. The information was revealed as part of Google's ongoing legal case with Oracle.

Apple's App Store made $1.1 billion in the past two weeks

Apple has announced its App Store experienced a "record-breaking" holiday in which customers spent over $1.1 billion on apps and in-app purchases in just two weeks. $144 million was spent on January 1 alone, breaking records for traffic and purchases.

Google tells app developers to bypass Apple's secure new ad tech

Apple is making some changes with iOS 9 that could make it harder to display some types of advert and may break existing ones. Google, one of the largest ad providers, isn't happy and has issued guidance to help developers get around the system.

Spotify set to end 'free' streaming next year

Music streaming service Spotify is looking to move towards a premium-only model next year, according to reports this weekend. Listening for free with adverts will no longer be an option as the music industry pushes for greater revenue from streaming.

Sony sells three million PS4s in three months, triples its profit

Sony is continuing to show signs of a strong recovery from financial issues after announcing a year-on-year trebling of profits. The growth has been fuelled primarily by sales of the PlayStation 4 games console.

YouTuber PewDiePie made $7.45 million profit last year

YouTuber PewDiePie made a massive $7.45 million in profit last year, according to a new report. PewDiePie gained such fame for his video game reviews, playthroughs, tutorials and vlogs that he has become the most successful YouTuber ever.

Op-Ed: The onslaught of ad blockers is killing websites and the Internet

The vast majority of websites rely on revenue from adverts displayed on their pages to be able to operate. Yet many consumers install ad blockers that hide them from sight, preventing websites from getting much needed money - and the trend is growing.

Confirmed: YouTube is launching a paid-subscription service

In an email to partners, Google has confirmed that it is launching a new subscription model for YouTube. Subscribers will pay a monthly fee to view YouTube without any adverts on videos and content creators will get a portion of the fee.

U.S. companies have $2.1 trillion worth of profit stored overseas

The U.S. Congress must find a way to tax offshore profits stored by some of the world's largest corporations. Currently letting their earnings safely mount up abroad, lawmakers are considering a special "deluxe" tax rate to get money from the companies.

Rockstar Games have 'about 45 years worth of ideas' for GTA VI

Rockstar Games have announced that they already "have some ideas" for the next major installment in the massive gaming franchise Grand Theft Auto. It appears as though GTA VI is beginning to enter early development.

Apple report largest quarterly profit ever; 74.5m iPhone sales

The previous record was $15.9 billion as set by ExxonMobil in the second quarter of 2012. Apple's figure stands at over $2 billion more than this figure.

Facebook made two cents per user

Facebook reported that it made only $64 million on revenue of $1.59 billion, which means the social networking site is making around half a buck (in revenue) a month per user.

'Hansel and Gretel' hunt a box office win

A new twist to an old fairy tale was able to hunt down a box office victory. "Hansel and Gretel: Witch Hunters" easily took the crown over the other newcomers. Jeremy Renner and Gemma Arterton were able to overcome a slow Friday start, too.

Op-Ed: Alberta's Revenue Difficulties: Redford Talks to Albertans

Edmonton - Alberta Premier Alison Redford addressed the people of Alberta on Thursday evening. In her address, in what she depicted as starting a conversation with Albertans, Redford warned of very difficult choices her government will face.

Facebook confirms it's monetizing Instagram

Facebook acquired Instagram earlier this year, but many have pondered what Facebook will do with the mobile photo application sharing platform.

Content is king but transactions are everything

Toronto - The transition to digital has been challenging for many publishers because with opportunity has come an equal amount of pain. An upcoming Toronto presentation will look at the future of mobile and creating new revenue streams.

Scotiabank posts $1.46 billion Q2 profit

Toronto - The Bank of Nova Scotia posted its second quarter numbers Tuesday. Although the figures suggest a decrease in Q2 profits from a year ago, the results still show better-than-expected profits.

Op-Ed: U.S. government making money through ads, a silly idea?

Washington - There have to be ways that the U.S. government can get with the times and utilize media to boost the coffers a little. Why not consider the potential revenue from advertising?

GE avoids paying federal taxes despite $14 billion in profits

While Congress is grappling with broad budgetary issues, General Electric managed to avoid paying any federal taxes even though the company made $14 billion in global profits.

News articles on jobs attract more ad clicks than celeb stories

Popular articles on Lindsay Lohan and Justin Bieber don't reel in as many ad dollars as they do eyeballs, a new study has found. The most profitable online news articles focused on topics such as unemployment, the Gulf oil spill and recalls.

Goldman Sachs announces income declined by 83% in second-quarter

New York - Wall Street investment and securities firm, Goldman Sachs, announced in a press release that revenues for the second-quarter dropped 83 percent to $453 million. Amid the news, Goldman's stock fell by $1.89 to $143.79.

Halliburton profit rises 83%, $483 million, in second-quarter

Houston - Despite its involvement in the BP oil spill that caused billions of dollars in environmental and wildlife damage, Halliburton's profit soared 83 percent during the second-quarter because of oil and natural gas drilling projects in the United States.

Yahoo's revenue falls for the third straight quarter

Somewhat dwarfed by Apple's financial results today, Yahoo also released their second quarter data showing a third straight revenue loss.

Playstation 3 top revenue generator for Konami

In Konami’s announced fiscal report for 2008-2009, Playstation 3 was their top platform in terms of software sales during that period.

Online Newspaper Readership Grows

As the print news industry suffers online news has grown. Websites that American newspapers operate attracted more than 73.3 million unique users a month in the first three months of this year.
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Mobile Application Gross Sales by Revenue Type
Mobile Application Gross Sales by Revenue Type
Data courtesy ABI Research
App Store v Google Play downloads and revenue Q1 2015
App Store v Google Play downloads and revenue Q1 2015
App Annie
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The crowd watches as the speakers begin.

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