The near term challenge (and medium term opportunity) is that Netflix is scaling faster than its ability to monetize the growing ad inventory.
Author: Delshad Irani
Netflix targets $17 billion in content spend this year; India top 3 market in revenue growth in Q2
India was Netflix’s number 2 and 3 country in terms of paid net adds and percent of revenue growth in the second quarter.
Meta Q2 results: Facebook-parent’s ad revenue rose 22%; Threads set to hit 200 mn MAUs
“We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” said Mark Zuckerberg, Meta founder and CEO.
Microsoft Cloud strength drives fourth quarter results; Company’s revenue up 15% to $64.7 billion
“Our strong performance this fiscal year speaks both to our innovation and to the trust customers continue to place in Microsoft,” said Satya Nadella, chairman and chief executive officer of Microsoft.
Diageo India looking at growing non-alcoholic and/or Zero Alcohol and liqueur categories
Hina Nagarajan, CEO, Diageo India, said recent investments in craft beverage firms is “in anticipation of creating a new growth engine based on future-back assessment of where the consumer is headed.”
HUL CEO Rohit Jawa: Rural growth lagged behind urban over the last year
Rohit Jawa, CEO and MD, Hindustan Unilever, said, “We continue to focus on operational excellence and build back our gross margins with a substantial part of those being reinvested behind brands and capabilities.”
Paris-based media giant Vivendi’s plans to list Havas and Canal+ revealed
For the first half of 2024, Vivendi’s revenues were €9,052 million, an increase of 92.7% compared to the same period of 2023. Canal+ Group is a major player in the creation and distribution of cinema and audiovisual content on all continents.
Unilever’s brand and marketing investment up 180bps to 15.1%, focused on Power Brands
Unilever’s Power Brands which contribute to ~75% of turnover, led growth for the global FMCG major which owns brands like Dove, Sunsilk, Axe, Surf, Knorr, Magnum and Lifebuoy.
Nykaa’s Falguni Nayar ceases to be Dabur’s non-exec independent director after completion of second term
Falguni Nayar is the founder, Executive Chairperson & Managing Director and Chief Executive Officer of Nykaa. She holds a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad.
Unilever’s Samir Singh to leave the FMCG giant after 27 years
Samir Singh first joined the FMCG juggernaut as an area sales manager in 1998 for Hindustan Unilever.