#revenue-decline

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buzzfeed
Investing.com Australia
3 days ago
Marketing

Earnings call: BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com

BuzzFeed's Q1 2024 revenues fell by 18% YoY to $44.8 million.
Programmatic advertising for BuzzFeed and HuffPost grew by 6% YoY.
BuzzFeed completed a restructuring program, saving $23 million annually.
Q2 outlook predicts a revenue decline of 21-30% YoY. [ more ]
AdExchanger
4 days ago
Marketing

BuzzFeed Still Sees AI As The Savior Of Its Slumping Ad Business | AdExchanger

BuzzFeed's revenue has been declining since going public in 2021, with AI investments showing some promise but facing challenges. [ more ]
www.investing.com
1 month ago
Marketing

Earnings call: BuzzFeed reports Q4 decline but sees AI as growth driver

BuzzFeed's Q4 2023 revenues decreased by 26% YoY, but the company remains optimistic about AI-driven growth.
CEO Jonah Peretti emphasized a shift towards high-margin, tech-led revenue streams like programmatic advertising. [ more ]
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revenue decline
Digiday
5 months ago
Marketing

Future plc CFO stepping down as company reports revenue declines and new two-year investment plan

Future plc's chief financial and strategy officer Penny Ladkin-Brand is stepping down from the company's board next year after eight years with the media company.
CEO Jon Steinberg announced a plan to invest $31.5 million to $37.8 million into Future over the next two years to get the company back on track. [ more ]
The Sacramento Bee
5 months ago
California

California faces a $68 billion spending gap after tax revenue shortfall, report says

The State of California is facing a $68 billion budget deficit, according to a report by the Legislative Analyst's Office.
The deficit is due to a significant decline in revenue and a previously anticipated deficit of $14 billion. [ more ]
www.nytimes.com
5 months ago
California

California Faces $68 Billion Deficit Amid Steep Revenue Decline

California is facing a $68 billion budget deficit due to a decline in revenue similar to that seen during the Great Recession and dotcom bust.
The state's reliance on taxation of capital gains and the personal income of high earners, along with the federal government's efforts to control inflation, are contributing factors to the budget deficit. [ more ]
Adweek
5 months ago
Marketing

Bustle Publisher Revenue Drops 10% As CPG and Parenting Brands Falter

Bustle Digital Group is projected to generate between $136 million and $144 million in revenue this year, a decline of 10% to 15% compared to 2022.
The company is experiencing its first year-over-year decline in revenue in a decade due to challenges in the digital advertising sector and Hollywood strikes. [ more ]
Theregister
5 months ago
Artificial intelligence

AI PCs to double growth of desktop computing, prays HP CEO

HP CEO Enrique Lores is looking to AI to revive the declining PC market.
HP reported a 15% decline in revenue for fiscal 2023, but orders have started to pick up in recent months.
Lores believes that the advent of the AI PC category will bring better times for the company. [ more ]
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RAIN News
1 week ago
Marketing

Cumulus Q1: Digital up. Total revenue down. "Considerable runway." - RAIN News

Refinanced capital structure with favorable terms, resulting in reduced debt, lower interest rates, and increased asset-based lending.
Focused on digital growth, accelerating digital marketing services to increase revenue while facing challenges in overall revenue and specific categories. [ more ]
Digiday
1 month ago
Marketing

Assembly tightens up global, N. American roles to spur faster growth

Stagwell faced revenue challenges in 2023, with a 3.4% decrease overall and 5.9% organic revenue drop, mostly affected by U.S. weaknesses.
Assembly, a key media agency under Stagwell, achieved 4.5% growth, prompting strategic realignment to better serve North American clients with new global leadership. [ more ]
Exchangewire
2 months ago
Marketing

Retail Media Sees Significant Growth; Audio Makes a Splash in AUS Amid Slowed Ad Spend; US Agencies See Falling Revenues

Retail media is the fastest growing ad spend, predicted to make up 20% of digital ad spend worldwide.
Audio investment in Australia is on the rise, with streaming audio and podcasts seeing significant increases in agency plans. [ more ]
The Information
3 months ago
Marketing

Revenue Declines for Vox Media, Bustle in 2023 Reflects Wider Media Struggles

Vox Media and Bustle Digital Group experienced a 15% decline in revenue in 2023 due to weaker ad sales.
Hollywood strikes resulted in fewer marketing dollars for digital media firms. [ more ]
Investing.com South Africa
3 months ago
Marketing

Earnings call: Trivago posts Q4 revenue dip, plans for brand growth

Trivago's Q4 2023 revenue fell by 13% year-over-year to €91.7 million.
Net income stood at €2.5 million, with adjusted EBITDA at €7.3 million. [ more ]
Investing.com Australia
23 years ago
Marketing

Earnings call: Sohu reports Q4 decline, focuses on content and buybacks By Investing.com

Q4 total revenues down 12% YoY, Online game revenues stable, GAAP net loss widened to $13 million in Q4 [ more ]
CityAM
1 week ago
Business

Martin Sorrell's S4Capital places hope in AI as revenue slumps across the board

S4Capital reports revenue decline of 11.7% in the first quarter, mainly due to client caution and reduction in technology activity. [ more ]
www.nytimes.com
2 weeks ago
Business

Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%

Starbucks faces revenue and earnings decline due to poor weather, fewer customer visits, and economic challenges. [ more ]
www.npr.org
2 weeks ago
Tech industry

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

Apple disclosed a 10% decline in iPhone sales, emphasizing the need for product innovation with AI to overcome revenue challenges. [ more ]
Digiday
1 month ago
Marketing tech

Digiday+ Research: Publishers take their focus off events as revenue dips

Publishers are experiencing a decline in revenue from events, with fewer planning to focus on this area of their business. [ more ]
The Daily Wire
2 months ago
Beer

Bud Light's Parent Company Lost Over $1 Billion In Revenue After Dylan Mulvaney Partnership: Report

Drop in revenue due to controversial partnership
Impact of conservative boycott on sales [ more ]
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