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Facebook lifts revenues 22% in Q3 on higher-than-expected ad performance, sees headwinds from regulations ahead
2020-10-30 09:15:00| Telecompaper Headlines
(Telecompaper) Facebook reported another set of solid figures for the first quarter, helped by a higher-than-expected growth in advertising sales as people continue to go online more for their shopping amid the coronavirus pandemic. The company noted a number of headwinds however coming ahead, as the number of daily and monthly active users in the US and Canada start to normalise after their peaks in the past quarters. Online shopping trends, and their consequent boost to ad revenue, may change or return more to previous levels. The company also sees targeting and measurement headwinds next year from platform changes, such as on Apple iOS 14, as well as from regulatory changes. Finally and not least, the company said it will closely be monitoring the impact regulation changes in Europe about data transfers may have on Facebook and other companies in the industry.
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The Coca-Cola Co prepares to cull more brands as Q3 lifts year so far - results data
2020-10-22 15:17:00| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co has confirmed the extent of its ongoing brand consolidation strategy in third-quarter results today, with around 50% of its "master brands" set to be deprioritised.
Turkey Lifts Black Sea Gas Field Estimate after New Find
2020-10-19 11:05:00| OGI
President Tayyip Erdogan said in August the field north of the Turkish coast in the Black Sea contained 320 Bcm of gas, making it Turkey's biggest natural gas discovery.
Libyas NOC Lifts Force Majeure on Sharara Oil Field
2020-10-12 14:48:45| OGI
Libya's National Oil Corp. (NOC) said it was lifting force majeure on Sharara oilfield on Oct. 11, and a Libyan source said initial output there will be 40,000 barrels per day (bbl/d), with total production in the country at 355,000 bbl/d on Oct. 12.
NENT lifts Viaplay subscriber intake target to 700,000, aims to reach 3 mln total by year-end
2020-09-16 13:39:00| Telecompaper Headlines
(Telecompaper) Nordic Entertainment Group (NENT) has upgraded its Viaplay streaming service paying subscriber target again for the current year to 3 million by adding more than 700,000 in 2020. In June, NENT had lifted its full year intake target to 600,000 from 400,000. The new target represents year-on-year growth of over 30 percent, compared with 29 percent growth to nearly 2.72 million on 30 June.
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