SpaceX draft IPO filing: from 2023 to 2025, Starlink's individual subscribers rose from 2.3M to 8.9M, revenue grew from $3.9B to $11.4B, and ARPU fell 18%
SpaceX's Starlink satellite internet service quadrupled its individual subscribers between 2023 and 2025—but the average revenue …
Snap reports Q2 revenue up 9% YoY to $1.34B, vs. $1.35B est., 469M global DAUs, vs. 467M est., and a global ARPU of $2.87, vs. $2.90 est.; SNAP drops 15%+
Jonathan Vanian / CNBC :
Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., $2.96 ARPU, vs. $2.93 est., and 460M DAUs, but declines to provide Q2 guidance; SNAP drops 13%+
Reddit reports Q3 revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 30%+
Reddit shares jumped 22% in extended trading Tuesday, topping $100 for the first time, after the social media company reported third-quarter results …
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU
- Reddit on Thursday filed to go public. — Its market debut will mark the first major tech initial public offering of the year …
Pinterest reports Q3 revenue up 11% YoY to $763.2M, vs. $743.5M est., MAUs up 8% YoY to 482M, vs. 473M est., and ARPU up 3% YoY to $1.61; PINS jumps 15%+
Jonathan Vanian / CNBC :
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app
and that's a problem for everyone Nadeem Sarwar / SlashGear : Reddit Joins Twitter In Squeezing Devs With Unreasonable Fees John Gruber / Daring Fireball : Reddit API Pricing Would Cost Apollo Develop...
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+
- Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” …
Netflix says Basic with Ads will cost $6.99/month in the US and debut on November 3 in 12 countries, offering most titles, at up to 720p, and without downloads
Basic with Ads Firstpost Tech : Netflix set to launch its ad-supported tier on November 3, check pricing, ad frequency and other details Mitaksh / MediaNama : Netflix announces ad-supported plan in 12...
Sources: Netflix may launch its ad-supported tier in 2022 in 6+ markets, and plans to charge $7 to $9 per month in the US, selling ~4 minutes of ads per hour
and it's bad news Muhammad Zuhair / Appuals.com : Netflix's Ad-Supported Tier is Set to Cost Between $7 to $9 Alap Naik Desai / Neowin : Netflix ad-supported subscription could cost around $8/month wi...