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...
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...
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 :
NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+
Jonathan Vanian / CNBC :
Meta adds a Friends tab on Facebook that will show content just from users' friends, with no recommended posts, as it brings back “OG” Facebook experiences
Here's How to See Posts From Your Friends Instead of Algorithms Jonathan Vanian / CNBC : Meta debuts Friends tab, Mark Zuckerberg pushes ‘throwback to OG Facebook’ Emma Crabtree / The Sun : Facebook a...