Paid Content

Snap Q3 2025 earnings: 8% DR advertising growth, SMB contribution grows 25%

Snap released its Q3 2025 earnings results yesterday: Revenue of $1.5BN grew by 9.8% year-over-year, with advertising revenue of $1.32BN having grown by…

November 6, 2025

Google’s Network business is vestigial (part 2)

Alphabet's CEO, Sundar Pichai, opened the company's earnings call last week with a triumphant declaration: that "every major part of…

November 4, 2025

Alphabet Q3 2025 earnings: 15% YouTube and Search revenue growth, AI Mode at 75MM DAU

Alphabet released its Q3 2025 earnings on Wednesday: Overall advertising revenue grew by 12.7% to $74.2BN. Search revenue grew by…

November 1, 2025

Meta Q3 2025 earnings: 26% advertising revenue growth, expenses ramp

Meta released its Q3 2025 earnings results yesterday: Advertising revenue increased by 25.6% on a year-over-year basis, to $50.1BN; Impressions served across the…

October 30, 2025

Apple’s reliance on advertising

The FT reports that Apple's services business is expected to surpass $100BN in revenue for the first time in 2025…

October 28, 2025

Generative ad creative and the creative control barrier

Mondelez, the snack manufacturer behind Chips Ahoy!, Oreo cookies, and Ritz crackers, has built an AI-enabled creative production tool that…

October 27, 2025

Netflix Q3 2025 earnings: earnings miss, ad tech traction

Netflix reported its Q3 2025 earnings results on Tuesday: $11.510BN in revenue (up 17%, year-over-year); Operating profit of $3.248BN for an operating…

October 23, 2025

Understanding ChatGPT’s unit economics

Last week, the Financial Times published several metrics related to ChatGPT's revenue, sourced from "people familiar with the company’s finances."…

October 21, 2025

The privacy shuffle, part 4: Google shutters Privacy Sandbox

On Friday, Google announced that it has effectively discontinued its Privacy Sandbox initiative for both Chrome and Android (emphasis mine):…

October 20, 2025

The creative flood and the ad testing trap

I've written extensively about what I believe will be the impact of the widespread adoption of Generative AI tools for…

October 15, 2025