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Baidu's Q4 revenues grow 6%, forecasts 5-13 percent fall in Q1

2020-02-28 09:46:00| Telecompaper Headlines

(Telecompaper) Baidu posted total revenues of CNY 28.9 billion (USD 4.15 billion) for the fourth quarter of 2019, an increase of 6 percent year-on-year in line with its revised guidance. The internet services company forecast a fall in first-quarter revenues on an annual basis and said visibility on the impact of the coronavirus outbreak remains limited.

Tags: fall percent grow revenues

Tubi monthly active users grow to 25 million

2020-02-11 16:00:27| Digital TV News

Tubi has announced record growth for 2019. In December alone, the company saw its Monthly Active Users (MAU) grow to 25 million and Total View Time (TVT) rocket to over 163 million hours watched a year-over-year TVT increase of 160%.

Tags: users active million monthly

Spotify beats outlook again for subscriber growth, Q4 revenues grow 24%

2020-02-05 13:16:00| Telecompaper Headlines

(Telecompaper) Spotify reported 271 million monthly active users at the end of 2019, up 31 percent over the year and better than the group's forecast. With MAU growth accelerating the past three quarters and strong take-up of its expanding podcast offer, the company said it's confident in its future growth prospects. However, it will continue to invest in 2020 and forecast a bigger operating loss for the year.

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OTT video revenue to grow to over $200 billion by 2024

2020-01-28 15:00:28| Digital TV News

The Over-the-Top (OTT) video market will surpass US$200 billion by 2024, with 90% of that value fueled by subscription and advertising revenue, according to ABI Research. Subscriptions in the Asia-Pacific region have grown significantly.

Tags: video grow revenue billion