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6:20 AM ET, August 1, 2025

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 Top News: 
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
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.
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.
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.
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 …
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 …
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.
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 …
Anne VanderMey / Bloomberg:
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows  —  Podcasts hosted by venture capitalists set the narrative in tech, changing the way that insiders—and everyone else—learn about the world of startups.
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 …
 
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 More News: 
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
Discussion: WORLD SCREEN and Variety
Tom Jones / Poynter:
Washington Post sports columnist Sally Jenkins accepts a buyout and will be joining The Atlantic as a staff writer
Joshua Benton / Nieman Lab:
A June ranking of the top nonprofit US news sites by traffic shows The Conversation leading by far, followed by the Salt Lake Tribune and ProPublica
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
LADbible launches Betches, the US women's media brand it acquired in 2023, in the UK aiming to fill a “gap in the market” for Gen Z and millennial women
Pamela McClintock / The Hollywood Reporter:
Warner Bros. Motion Picture Group is undergoing 10% cuts across multiple divisions to transition “toward a fully global structure”
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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