Spotify passed 700 million monthly active users in Q3, with subscribers hitting 281 million, a 12 percent increase over the same period in 2024. Total revenue was $4.9 billion, up 12 percent year-over-year, while net income surged 200 percent to $1 billion, attributed to price hikes, subscriber growth and strict cost management. The Swedish company surpassed analyst expectations on both the top and bottom lines. Revenue from premium subscriptions grew 9 percent in Q3. Advertising revenue for the period was down 6 percent, however, to about $515 million. Spotify recently integrated with ChatGPT so that users can get podcast and music recommendations from the popular chatbot. Continue reading Spotify’s Profits Surge 200 Percent for Q3, Topping $1 Billion

YouTube is launching new features to help creators make the most of exposure on TV screens. “The living room is increasingly the new prime time for creators,” according to YouTube, which claims that “in the last year, the number of YouTube channels earning six figures or more in revenue from TV screens is up by over 45 percent.” To support that momentum, the Google-owned streaming platform is providing creators with “five new ways to make their content look incredible while making it easier for viewers to discover and shop.” YouTube is introducing AI-powered upscaling, improved search functionality, and QR codes to enable shopping for items in tagged videos. Continue reading New YouTube Tools Help Creators Optimize Content for TVs

Amazon Q3 revenue was up 13 percent to $180.2 billion in the third quarter, compared with $158.9 billion in 2024. The AWS group that includes AI saw sales increase 20 percent year-over-year to $33 billion. The company reported that gross profit increased 38 percent to $21.2 billion for the quarter, due largely to consumer spending online and the demand for cloud computing. Amazon is the dominant player in the cloud space with about 30 percent of global share. However, investors have been cautious about AWS, which accounted for 65 percent of the company’s total operating income in Q3. Since 2022, competition has heated up with OpenAI’s ChatGPT signing on with Microsoft Azure. Continue reading AWS, Cloud and AI Help Drive Impressive Quarter for Amazon

Apple had its first $100 billion quarter thanks to the new iPhone 17 series and a strong performance by services, up 15 percent from 2024. Revenue for fiscal Q4, ended September 27, totaled $102.5 billion, up 8 percent year-over-year. Profit surged 86 percent to $27.5 billion (due mainly to a 2024 tax hit). Q4 results capped a record fiscal year with revenue of $416 billion. Sales of the iPhone 17s brought in $49 billion for the three months. The company sold 100 million more units than last year during the same period despite “supply constraints” on some 2025 models. Design changes drove iPhone sales up 6 percent from Q4 of last year. Continue reading Apple Reports a Strong Quarter Propelled by iPhone 17 Sales

Alphabet has notched its first $100 billion-plus quarter, with revenue of $102.35 billion, a 16 percent increase for the period ending September 30. The result exceeded analyst estimates of $99.89 billion. CEO Sundar Pichai noted the results marked a 100 percent increase in Q3 revenue since 2020, when it was $50 billion. “We’re firmly in the generative AI era,” Nadella said, noting diversification “with successful businesses in Cloud, YouTube and subscriptions.” The company was onboard with the trend in increased spending, upping its capital expenditure range from $85 billion to $91 billion – $93 billion for 2025. Continue reading Cloud and AI Drive Alphabet to First $100 Billion-Plus Quarter

Increased demand for cloud computing and AI services has propelled revenue growth of 18 percent to $77.7 billion for Microsoft for its fiscal Q1, ending September 30. Net income was $27.7 billion for the quarter, an increase of 12 percent year-over-year. “Our planet-scale cloud and AI factory, together with Copilots across high value domains, is driving broad diffusion and real-world impact,” said Microsoft chairman and CEO Satya Nadella, noting “It’s why we continue to increase our investments in AI across both capital and talent to meet the massive opportunity ahead.” The news coincides with OpenAI’s next steps in becoming a for-profit company and an update in Microsoft’s stake in the AI startup. Continue reading Microsoft Market Cap Passes $4 Trillion Propelled by OpenAI

Netflix revenue grew 17 percent to $11.5 billion in Q3 versus the same period a year earlier, driven by membership growth along with price hikes and an increase in ad revenue. Net profit was up by almost 8 percent for the quarter to $2.5 billion, versus the $2.98 billion that was expected. The quarter was Netflix’s best-ever for ad sales, with that revenue expected to more than double this year over 2024. The new user interface it began rolling out in May is now available to 85 percent of TV devices and the company is beta testing an AI-powered “conversational search experience.” Continue reading Netflix Highlights Tech and Innovation in Q3 Earnings Report

Santa Clara, California-based Nvidia reported its sales were $46.7 billion for the most recent quarter, marking 56 percent growth over the same period last year and up 6 percent sequentially. Profit rose more than 59 percent to $26.42 billion. The results, which surpassed estimates, reassured global analysts and investors that AI infrastructure spending remains strong, easing — though not erasing — anxieties about an AI bubble. This summer, the chipmaker became the first company to exceed a market cap of $4 trillion, and it is considered a global barometer for the overall health of the artificial intelligence sector. Continue reading Nvidia Announces Continued Growth, $26 Billion in Q2 Profit

In a major local television group consolidation move, Nexstar Media Group of Texas has reached an agreement to acquire a rival, Virginia-based Tegna, in a $22 per share cash transaction valued at $6.2 billion. The boards of both Nexstar and Tegna unanimously signed off on the deal, which is expected to close by the end of next year subject to FCC regulatory approval. The price includes Tegna debt and estimated transaction expenses and fees. Nexstar has more than 200 owned or partner stations while Tegna has 64. As a result of the consolidation, the combined company will have TV stations in nine of the top 10 U.S. markets. Continue reading Nexstar to Acquire Tegna in $6.2 Billion TV Consolidation Deal

Netflix says it has more than doubled overall Upfront ad sales commitments, with year-over-year growth across all categories including retail, CPG, telco, health and wellness, entertainment and tech. It marks a strong showing for the streaming company, which launched its ad-supported tier in November 2022. For the 2025-2026 season, Netflix has once again sold out its Christmas Day NFL double-header, including sponsorships with Accenture, FanDuel, Google and Verizon for in-game and broadcast inventory. Netflix also reports robust response to the final season of “Stranger Things” and returning series “Bridgerton” and “Emily in Paris.” Continue reading Latest Netflix Upfront Ad Commitments Double from Last Year

Kansas-based AMC Entertainment Holdings reported substantially improved financials for Q2 2025, reducing losses by 150 percent year-over-year to $4.7 million from $32.8 million from the same period a year prior. The world’s largest theater chain reported a 26 percent attendance increase during the period. CEO Adam Aron attributed the strong showing to an industrywide box office recovery that produced strengthened results across AMC Theatres in the U.S. and Odeon Cinemas in Europe. Total revenue of $1.4 billion marked a 35 percent improvement compared to Q2 2024, and EBITDA (earnings before interest, taxes, depreciation, and amortization) grew a stunning 150 percent to $189 million. Continue reading AMC Entertainment Turns Corner: Sales Surge, Losses Narrow

AMC Networks increased streaming revenue by 12 percent to $169 million in Q2 despite an 18 percent dip in U.S. ad sales. The company — whose portfolio of streaming platforms includes AMC+, Sundance Now, Acorn TV, Shudder, HIDIVE and ALLBLK — added 200,000 new subs in the April through June period, ending the quarter with a total of 10.4 million, a 2 percent increase. AMC said it now calculates streaming subscribers on the basis of paid signups. Ongoing challenges in the U.S. cable and satellite TV markets that berth the bulk of its business continue to drag on the balance sheet. AMC’s cable and satellite brands include AMC, BBC America, IFC, IFC Films, SundanceTV and WE tv. Continue reading AMC Networks: Streaming Revenue Growth, Drop in Ad Sales

Anthropic has released Claude Opus 4.1, an upgrade to Opus 4 that reportedly improves on agentic tasks, computer coding and reasoning. Pricing has not increased from what customers were paying for Opus 4, and the company promises “substantially larger improvements to our models in the coming weeks.” The move comes as Anthropic nears a new funding round targeting $3 to $5 billion, which could place a valuation of up to $170 billion on the startup. Recurring revenue hit $5 billion as of late July, which could increase to $9 billion by the end of the year. Claude Opus 4.1 was released two days before OpenAI unleashed GPT-5, and performs comparably in coding benchmarks. Continue reading Anthropic Seeks to Raise $5 Billion, Debuts Claude Opus 4.1

Disney’s fiscal Q3 earnings and full year projections have topped expectations, with its Streaming and Parks businesses leading revenue streams. Operating income from streaming hit $346 million for the quarter, a significant increase over the same period last year. Disney ended Q3 with 183 million Disney+ and Hulu subscriptions, an increase of 2.6 million from Q2. Overall, revenue was up 2.1 percent to $23.7 billion for the three-month period ending June 28. In addition, the company announced that it plans to integrate Hulu into Disney+ for a new streaming app to be available next year. Continue reading Disney Reports Jump in Profit, Plans to Fold Hulu into Disney+

Apple posted quarterly revenue of $94 billion, up 10 percent year-over-year, the largest quarterly growth spurt for the tech giant since December 2021. Net profit of $23.4 billion was a new record for the June quarter and up nearly 9 percent from the prior year. Sales of Apple’s iPhones totaled $44.6 billion for the quarter, a 13 percent increase year-over-year, with growth posted across “every geographic segment” and a record number of upgrades as customers raced to beat the impact of anticipated tariffs, according to the company. The results for Apple’s fiscal Q3 exceeded Wall Street estimates. Continue reading iPhone Sales Jump 10 Percent, Driving Apple to Record Profit