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7:20 PM ET, July 25, 2023

Mediagazer

 Top News: 
Todd Spangler / Variety:
YouTube's ad revenue increased 4.4% YoY to $7.67B in Q2, above expectations of $7.43B and a reversal after three consecutive quarters of declines  —  Alphabet, the parent company of Google and YouTube, came in above analyst earnings expectations, with top-line growth of 7%.
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Miles Kruppa / Wall Street Journal:
Alphabet reports Q2 Google ad revenue of $58.14B, growing 3% YoY after two consecutive quarters of falling ad sales  —  Financial chief Ruth Porat to become Alphabet's president and chief investment officer  —  Google reported a pickup in revenue growth during the most recent quarter …
Aisha Malik / TechCrunch:
CEO Daniel Ek teases ways Spotify could integrate additional AI functionality into its products, including summarizing podcasts and generating audio ads  —  During the company's second-quarter earnings call this morning, Spotify CEO Daniel Ek teased a few ways the streaming service could introduce additional AI-powered functionality.
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Ashley Carman / Bloomberg:
Spotify Q2: revenue up 11% YoY to €3.2B, Premium subs up 17% YoY to 220M, MAUs up 27% YoY to 551M; Q3 sales forecast below analyst est.; SPOT closes down 14.26%
Jon Porter / The Verge:
Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1
Angelique Jackson / Variety:
SAG-AFTRA Foundation president Courtney B. Vance says Dwayne Johnson donated a seven-figure sum to the SAG-AFTRA Relief Fund, the largest single donation ever  —  On July 13, as SAG-AFTRA leadership declared the union was going on strike, SAG-AFTRA Foundation president Courtney B. Vance …
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Washington Post:
The previous big strikes reshaped Hollywood and fueled reality TV's rise; the current ones will likely turn established actors into TikTok stars and vice versa
Charlotte Tobitt / Press Gazette:
The Guardian reports revenue up 3.4% YoY to £264.4M for FY ending March 31, 2023, digital reader revenue grew 7.6%, and digital makes up 70% of total revenue  —  Total revenues were up 3% in the year to 31 March 2023.  —  Guardian Media Group has maintained a four-year run of revenue growth …
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Charlotte Tobitt / Press Gazette:
The Guardian creates seven journalist jobs to improve its coverage of underrepresented communities, including in the UK and US, after its founder's slavery ties
Todd Spangler / Variety:
Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August  —  Netflix has rolled out a new feature designed to — what else? — get you to stream as much as possible on the service.
Matias Grez / CNN:
The BBC apologizes for a reporter's “inappropriate” question at the Women's World Cup opener; the reporter asked Morocco's captain if the team had gay players  —  Women's World Cup 2023: Live scores, fixtures, results, tables and top scorers  —  The BBC has apologized for an …
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows  —  Meta's text-based social network Threads is rolling out one of the most requested features after its launch — a following feed.  —  In a post on his Instagram Channel, Mark Zuckerberg said that the company …
Charlotte Tobitt / Press Gazette:
In response to MPs questions over The Sun's Huw Edwards reporting, its EIC says the story had “significant scrutiny pre-publication” and corroborative evidence  —  MPs wanted to know how The Sun verifies its stories.  —  MPs asked The Sun how it verifies its stories following …
Aisha Malik / TechCrunch:
Instagram rolls out creator subscriptions in Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, Spain, and the UK, expanding on support in the US  —  Meta announced today that it's rolling out Instagram subscriptions to all eligible creators in Australia, Brazil, Canada …
Sarah Taaffe-Maguire / Sky News:
NatWest CEO Dame Alison Rose admits to being the BBC source for an erroneous story that said Coutts de-banked Nigel Farage for financial, not political, reasons  —  NatWest chief executive Dame Alison Rose said she thought she was confirming publicly available information to a BBC reporter …
Jonathan Vanian / CNBC:
Snap Q2: revenue down 4% YoY to $1.07B, vs. $1.05B est., global DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP down 16%+  —  - Snap's overall sales in the second quarter declined 4% from the $1.11 billion it logged in the previous year during the same period.
 
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 More News: 
Tatiana Siegel / Variety:
Sources detail Jeff Zucker's efforts to court potential investors in a bid for CNN, including Jeff Bezos, Laurene Powell Jobs, Alex Soros, and Roman Abramovich
Jon Lafayette / Next TV:
Nexstar names Fox distribution head Michael Biard as its president and COO, effective August 21; Fox Corp. names David Espinosa to succeed Biard
Thomas Seal / Bloomberg:
The UK plans to force social media and ad platforms like Google Ads to stop scam ads including fake celebrity endorsements and pop-ups with malware
Discussion: Financial Times
 Earlier Picks: 
Catherine Perloff / Adweek:
Mailchimp owner Intuit is launching SMB MediaLabs, which lets advertisers target QuickBooks' 7.1M customers on social media, online publishers, CTV, and more
Aisha Malik / TechCrunch:
TikTok rolls out support for text posts, available via the app's Camera page and letting users add sounds, locations, stickers, and more