However, CEO Tim Armstrong put a positive spin on the numbers, saying the company posted its first gains in display advertising revenue since the last quarter of 2007. I applaud AOL for making gains in revenue, which looks promising. The company’s turnaround plan is beginning to take form. I haven’t marked AOL gone yet.
Last month Groupon’s U.S. Revenues took a nosedive of nearly 30%, falling from $88.9M in January to $61.7M in February. Following a miniscule drop in revenue from August to September, Groupon had seen consistent growth from September through January. So what’s to account for this dramatic drop in February? Could it have anything to do with their grotesque Super Bowl commercials? You be the judge.
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According to a new report, YouTube could push $1.3 billion in revenues in 2011.
Hulu CEO Jason Kilar says that 2011 could be Hulu’s biggest year yet, with an increase in revenue of nearly 100 percent.
YouTube is now running ads on enough videos to account for 3 billion ad views per week, and it looks like they’ve got their partners to thank for it!
Money really is one of the biggest motivators, and Blip.tv is sure to motivate their creators to improve upon their content and promotions with the announcement that they will be paying $10 to $15 per 1,000 views.
‘Tis the season for rumors of Twitter’s profitability … will the guessing begin anew?
These days, virtual goods mean social games, and we tend to forget about platforms like XBox Live or Gaia Online, who’ve been dealing with microtransactions as well. AT E3 this year, Microsoft revealed that the XBox Live transactions business is growing steadily, and sales of virtual goods like movies, music, clothes and accessories for players’ avatars have surpassed their subscriptions business.
Rumors have been circulating about Farmville supposedly introducing a subscription fee into the game, but CNET is reporting that they will not be charging any subscription fee. The game has been in BETA since launch, and while the upgrade to the full version will likely involve some important changes, it’s doubtful that Zynga would use the occasion to alienate the majority of users on their largest game.
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A new report by Global Silicon Valley Partner’s NeXt Up Research states that Zynga, the world’s top Facebook Application developer, may have a valuation of more than $3.3 billion. This is based on 35% growth over the next four years to expand this year’s revenue projection of $460 million to $1.1 billion in 2014. In addition to the valuation, the report’s analysis includes some interesting facts about their sources of revenue and user behavior.
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