Top News:
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est. — Apple continued to drive double-digit growth in its Services business, which increased revenue 13.3% to $27.42 billion for the June 2025 quarter — a new quarterly record.
Discussion:
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Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B — Amazon one-day stock chart — CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Select Shopping — Ad Choices
Discussion:
TheDesk.net, Adweek, The Register, The Wrap, Variety, Bloomberg, FreightWaves, Fortune, GeekWire, Amazon, Shacknews and Media Play News, more at Techmeme »
Joe Flint / Wall Street Journal:
Fox acquires one-third of Penske Entertainment, owner of the IndyCar Series, sources say for between $125M and $135M; Fox started carrying IndyCar in 2025 — Deal is latest alliance between a media company and a sports group — Fox Corp. has acquired one-third of Penske Entertainment …
Discussion:
IndyCar.com, @jeff_gluck, The Wrap, Associated Press, Variety, New York Times, @indy44, Sports Media Watch, Sports Business Journal, @grahamrahal, Jonathan Gibson on LinkedIn, Front Office Sports, The Hollywood Reporter, @joepompliano, @wbuxtonofficial, Awful Announcing, Bloomberg and r/INDYCAR
Angela Palumbo / Barron's Online:
Reddit reports Q2 revenue up 78% YoY to $500M, vs. $426M est., daily active uniques up 21% to 110.4M, Q3 guidance above est.; RDDT jumps 17%+ after hours — earnings greatly beat expectations and the company provided better-than-expected revenue estimates for its third quarter on Thursday.
Discussion:
Ad Age, TechCrunch, Reuters, Search Engine Journal, The Verge, MarketWatch, CNBC, Sherwood News and Reddit
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M — Roku exceeded forecasts for the second quarter of 2025, with the streaming platform company turning in better-than-expected 15% top-line growth — and, in a surprise, a quarterly profit.
Sara Fischer / Axios:
Dotdash Meredith rebrands to People to capitalize on the brand equity of its most popular and recognizable title — Dotdash Meredith, one of the largest publishers in America, is rebranding to People, its CEO Neil Vogel told Axios. … The rebrand capitalizes on that brand equity in a way that its current name does not.
Jill Goldsmith / Deadline:
Paramount reports Q2 revenue up 1% YoY to $6.85B, a $57M profit, vs. a $5.4B loss a year ago, Paramount+ subs down by 1.3M QoQ to 77.7M and revenue up 23% YoY — Paramount Global reported its last set of financials under Redstone family ownership with a massive jump in theatrical revenue …
Lillian Rizzo / CNBC:
NBCU reports Q2 revenue up 2% YoY to $6.44B; Peacock had 41M subscribers, a $101M loss, down from $348M in Q2 2024, and revenue grew 18% YoY to $1.2B — Comcast beat Wall Street estimates on Thursday for second-quarter earnings and revenue. Yet the company saw a loss of broadband customers …
Tom Jones / Poynter:
Washington Post sports columnist Sally Jenkins accepts a buyout and will be joining The Atlantic as a staff writer — Jenkins isn't just a sportswriter. She's one of the most fearless and eloquent voices in journalism, making her exit a major blow to the Post.
Discussion:
@dcsportsbog, @chelsea_janes, @barrysvrluga, @dvnjr, @jdawsey1, @ellabrockway, @bryancurtis, The Atlantic, Awful Announcing, MediaPost and Sports Media Watch
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Caitlin Huston / The Hollywood Reporter:
SiriusXM Q2: revenue down 2% YoY to $2.14B, net income down 42% to $205M, as subscriber revenue fell $21M, and 33M paid subscribers, down 68K from Q1 — While paid subscribers fell from the previous quarter, the audio giant noted an improvement in churn. — SiriusXM reported 33 million …
Discussion:
Inside Radio, Digital Music News, Benzinga, Billboard, TheDesk.net, MarketWatch, Reuters, Barrett Media and Associated Press
Liam Scott / Columbia Journalism Review:
A profile of Anna Gomez, the FCC's lone Democrat, who considers that as minority commissioner, “the power that you have, really, is your ability to dissent” — As the FCC's sole Democrat, she's been outspoken about protecting the First Amendment. Getting her way has been tough.
Discussion:
PBS NewsHour, Adweek and Deadline
Sara Merican / Deadline:
Ampd: premium VOD added 1.5M net new subscribers in Q2 in Indonesia, Malaysia, Philippines, Singapore and Thailand; Netflix, Viu and iQiyi drove 60%+ of growth — The premium video-on-demand (VOD) market in Southeast Asia has seen a bumper quarter, adding more than 1.5 million net new subscribers in Q2 2025.
Discussion:
WORLD SCREEN and Variety
