Wednesday, 29 July 2015

Twitter's generated $452m in ad revenue in Q2 2015

"Twitter added eight million new users in total if you include what Twitter calls SMS Fast Followers, people who receive tweets as text messages instead of through an actual account. The company’s never highlighted the SMS Fast Followers total before, but said on its last earnings call that it would start to this quarter. If you include those people as part of the user base, which Twitter is obviously doing now, users jumped from 308 million last quarter to 316 million. If you exclude Fast Followers, Twitter’s user base is 304 million people.
The obvious explanation for the change is that it makes Twitter’s user base look significantly bigger. Twitter has struggled to meet Wall Street’s growth expectations since going public back in late 2013; Analysts set low expectations for the company this quarter, too. The addition of two million new core users is the smallest quarter-over-quarter jump it has ever reported.
Twitter posted profits of seven cents per share on $502 million in revenue for the quarter, up more than 60 percent over this same time last year. Analysts were looking for profits of four cents per share on roughly $481 million in revenue. Most of that revenue comes from advertising. Twitter reported $452 million in ad revenue on the quarter, a 63 percent jump from last year."
MAUs

Monday, 27 July 2015

China has 668m internet users

"China’s internet is massive. How massive? According to a new report from CNNIC, more than 668 million people are now using the web in China. That means that were China’s internet a country, it would be the third-largest country on earth, behind only India and China itself. In fact, China’s internet has more people than the two next-largest countries, Indonesia and the United States, combined."

Nearly 65m people watch the BBC iPlayer abroad via proxy servers of VPNs

"Over 60 million people around the world are bypassing online restrictions to use the BBC’s iPlayer service, according to figures from research company GlobalWebIndex. It claims nearly 65 million people from abroad watch the UK licence-fee funded iPlayer service using proxy servers or virtual private networks (VPNs). In China alone it estimates that there are 38.5 million people using it.
Based on what the corporation previously charged for  global iPlayer, which closed last month,  the BBC could be missing out on many millions in potential income if it were collectable.
GlobalWebIndex carried out research interviews with more than 47,000 people from around the globe. This included people in countries such as China, India, Japan, the US, Brazil, Germany and France. Its report about the BBC iPlayer said: “Although the iPlayer is funded by the UK license fee and is therefore geo-restricted to be viewable only by people resident in the country, GWI’s data shows that the service has a huge global audience – with many turning to VPNs or proxy servers in order to access the service from abroad.”"
Source:  Advanced Television, 22nd July 2015

Online video sources in the US account for as much share of viewing as live TV & DVR

"The latest wave of Hub’s “Decoding the Default” study reveals important shifts in consumers’ go-to source for TV content. Among those who watch at least some online TV content…
Live TV is still the single most common default source. 34% say Live TV is the first thing they turn on when they want to watch—higher than any other platform.
However: that share is dropping significantly. In 2013, 50% of viewers named live TV as their default – 16 points higher than this year
Online sources now account for as much share-of viewing as live TV and DVR, combined. Across users of all TV platforms, viewers allocate 32% of their total TV viewing to live TV (down from 41% in 2013) and 15% to shows on their DVR (down from 21% in 2013).   Online platforms now account for 46% of all viewing time (up from 34% in 2013)
Among young viewers, online sources have replaced live shows as the “home base” for TV.
40% of viewers age 16-24 use Netflix as their home base. Only 26% default to live TV.
Millennials (age 18-34) are equally likely to default to live TV (33%) and Netflix (31%)"

Flipboard has 70m monthly active users

"Flipboard‘s CEO Mike McCue today revealed that his digital magazine platform now counts 70 million monthly active users as of June 2015. This is a 75 percent increase from February, when it had 40 million monthly active users — prior to launching on the Web.
On stage at the MobileBeat 2015 conference, McCue said, “We’ve had very good growth and it’s coming from a variety of places.” To give a better picture of its growth, McCue said the month prior, there were 65 million monthly active users, a 7.69 percent increase."
MAUs

Wednesday, 22 July 2015

Apple's app store revenues hit $5bn in Q2 2015

"Apple announced iPhone sales of 47 million for the fiscal third quarter, falling slightly short of analyst expectations of 48.8 million.
Still, this is up from the 35.2 million iPhones sold in the year-ago quarter, no doubt owing to the popularity of the iPhone 6 and iPhone 6 Plus.
Cook also said during the earnings call that "Android switchers are at an all-time high", following reports that a third of iPhone buyers in Europe switched from Google's rival operating system.
Mac sales were also up, coming in at 4.7 million for the three-month period compared with 4.4 million in the year-ago quarter, and 4.5 million in Q2, adding weight to IDC's recent report placing Apple as the world's fourth largest PC maker.
Apple Macbook Pro with Retina display 2014
Apple's Q3 results don't paint such a pretty picture for the iPad, which sold 10.9 million units during the quarter, down from 13.27 million this time last year and 12.6 million in the previous quarter.
However, Cook seemed pretty pleased with the numbers, and lauded the fact that App Store revenues grew 24 percent during the three-month period to $5bn.
"We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch," he said."
Note - They didn't reveal any figures for the Apple Watch - it's their 'other' category

Monday, 20 July 2015

Uber taxis are the most-expensed form of ground transportation in the US

"In the three months ended in June, Uber overtook taxis as the most expensed form of ground transportation, according to expense management system provider Certify. Uber accounted for 55 percent of ground transportation receipts compared with taxis at 43 percent.
That’s a big jump from just the beginning of the year. In the first quarter, Uber Technologies had 46 percent of receipts tracked by Certify compared with 53 percent for taxis."

An average of 8 billion dollar US-based technology companies were created each year between 2005 & 2013



"1) We found 84 U.S.-based companies belong to what we call the “unicorn club,” a jaw-dropping 115% increase from our last post. The increase is driven largely by “paper unicorns” – private companies that have not yet had a “liquidity event.” But, these companies are still a super-rarity: our list is just .14% of venture-backed consumer and enterprise tech startups.
2) On average, eight unicorns were born per year in the past decade (versus four in the 2003-2013 era). There’s not yet a super-unicorn ($100 billion-plus in value) born from the 2005-2015 decade, but there are now nine “decacorns” ($10 billion-plus in value), 3x our last post.
3) Consumer-oriented companies drive the majority of value in our set: more companies and higher average value per company. They raise a lot of private capital.
4) Enterprise-oriented companies are fewer and raise less private capital; and increased enterprise fundraising has reduced their return on private dollars raised.
5) In terms of business models, e-commerce companies drive the majority of value in our set, but have the lowest “capital efficiency.” Enterprise and audience companies have decreased in market share of our set, while SaaS companies have grown in market share significantly. We’ve also added a new category: Internet of Things/consumer electronics.
6) It’s a long journey, beyond vesting periods: it has taken ~7 years on average before a “liquidity event” for the 39% who have ‘exited’ – not including the 61% of our list that is still private. The capital efficiency of these “private unicorns” is surprisingly low, which will likely impact future returns for founders, investors and employees.
7) Take heart, “old people” of Silicon Valley: Companies with educated, tech-savvy, experienced 30-something, co-founding teams with history together have built the most successes. Twenty-something founders and successful pivots are the minority; dedicated CEOs who are able to scale their companies for the long haul are not.
8) San Francisco maintains dominance as the new epicenter of the Bay Area’s most valuable tech companies; cities like NYC and L.A. are growing in importance
9) Immigrants play a huge role in the founding and value creation of today’s tech companies.  We wonder how much more value could be created if it were easier to get a work visa.
10) There’s still too little diversity at the top. There is movement in a positive direction on gender from a zero base; and not enough data on race and other underrepresented groups."

The daily volume of Bitcoin transactions, 2011-2015



Source:  Blog post from Coinbase, 15th July 2015

Approx 100,000 merchants offer farming equipment for sale on Taobao

"Millions of farmers are increasingly taking to the Internet to buy affordable goods for farming activities, according to Taobao. By removing middlemen, farmers can find more options and better deals through e-commerce, the company said.
Currently there are some 100,000 Taobao merchants offering farming products on the platform, and overall sales for the category has grown at an annual rate of 180 percent over the past three years.
Taobao said by launching the specialized “vertical” site, it aims to support the entire agriculture supply chain, by not only providing farmers with access to quality inputs and advanced farming technology, but also by helping them to sell farm produce through Internet."
FYI - no definition of what 'farming products' are, but I guess it's more than just spades & pruners...

The Play store gets more app downloads, the iOS app store gets more revenue



Source:  Data from App Annie, reported by Next Big What, 17th July 2015

There are 280m 'mobile addicts' - people who launch apps 60+ times a day



Source:  Blog post from Flurry, 15th July 2015