Reddit reports Q3 revenue up 68% YoY to $585M, vs. $546M est., and daily active uniques up 19% to 116M, vs. 114M est.; RDDT jumps 5%+
Jonathan Vanian / CNBC :
Meta reports Reality Labs Q3 revenue of $470M, above $316M est., and a $4.4B operating loss, below $5.1B est.; Reality Labs has lost $70B+ since 2020
Jonathan Vanian / CNBC : X: @thetranscript_ , @counternotions , @contrariancurse , and @thetranscript_ Bluesky: @karlbode.com , @glinden , @robertchilver.com , @scriban , and @norbizness Forums: r/bu...
In a 30-minute test, Meta Ray-Ban Display was as spotty as Zuckerberg's failed demos, with the wristband occasionally failing to register finger swipes
At Least for Now Nadeem Sarwar / Digital Trends : Meta Ray-Ban Display glasses sell personal superintelligence. I'll skip Paul Kedrosky : Four Ideas, Sunday Edition: Nick Heer / Pixel Envy : Meta's St...
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 :
Meta expects 2025 capital expenditures to be between $66B and $72B, raising the low end of the company's previous estimate of $64B to $72B
Jonathan Vanian / CNBC :
WhatsApp rolls out ads in its Updates tab, a first for the app, and Meta will collect some data to target the ads, but says it has no plans to put ads in chats
here's where you'll see them (and where you won't) Capital Brief : Meta to roll out ads on WhatsApp and offer paid subscriptions Katie Hicks / Marketing Brew : Ads are coming to WhatsApp Colin Kirklan...
Uber names longtime executive Andrew Macdonald as president and its first COO since 2019; SVP of Delivery Pierre-Dimitri Gore-Coty is leaving after ~13 years
(Exact name of registrant as specified in its charter) Amy Thielen / Seeking Alpha : Uber appoints first COO since 2019 to help steer autonomous driving strategy Jonathan Vanian / CNBC : Uber delivery...
Meta and Anduril partner to build EagleEye, a line of XR products like helmets that enhance soldiers' hearing and vision and enable control of AI weapon systems
An AI-Powered Combat Headset That Can Detect Drones Vaughn Cockayne / Washington Times : Meta, Anduril team up to bring high-tech perception to U.S. warfighters Bloomberg : Meta Teams Up With Anduril ...
Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% YoY to 570M, and forecasts Q2 revenue above estimates; PINS jumps 10%+
Jonathan Vanian / CNBC :
Reddit reports Q1 revenue up 61% YoY to $392M, vs. $370M est., global daily active uniques up 31% to 108.1M, Q2 guidance above est.; RDDT jumps 5%+ after hours
Jonathan Vanian / CNBC :