Snap reported earnings for the first time on Wednesday, and based on the results, Facebook CEO Mark Zuckerberg must be feeling pretty smug. Snap reported Q1 revenue of $150 million, a 286% increase from this time last year but below the expected $158 million. Net losses totaled $2.2 billion. Daily active users (DAUs) for the […]
Despite the wide rollout of its Premium subscription product in April, Pandora is still betting on ads for revenue. Now that Premium has hit the market, Pandora can refocus its efforts and resources on launching new ad products, including programmatic audio, in the back half of the year, said CEO and founder Tim Westergren on […]
WPP cut its growth target for this year from 3% to 2%, citing a tepid economy and lack of new business wins, the company said on its Q1 earnings call on Thursday. Q1 organic growth came in below expectations at 0.8%. WPP is feeling the pricing pressure from CPGs as they struggle to compete with […]
Procter & Gamble will slash $1.5 billion from its marketing budget over the next five years, the CPG giant said during its Q1 earnings call Wednesday. At least $1 billion will come from media, specifically by lowering rates and getting rid of supply chain waste, said Chief Financial Officer Jon Moeller. P&G wants to save […]
On IPG’s Q1 2017 earnings call Friday, CEO Michael Roth echoed past statements that he doesn’t see management consultancies as a threat, despite their encroachment onto agency turf. “There is a great deal being written about the convergence that is bringing adjacent industries into each other’s orbit,” he said. “The increased competition that we all read […]
