Week 3 of earnings season brought with it some telling disclosures about online travel and video ad spend, 5G chip sales and e-commerce and payments activity, among other things.
Here’s a recap of some notable things that were shared over the last few days by reporting tech companies.
Roku and The Trade Desk
The 32% annual YouTube ad sales growth that Alphabet (GOOG) reported on Oct. 29 already signaled that online video ad spend was (like many other kinds of online ad spend) on the upswing as brand ad budgets loosen up.
But Roku (ROKU) and The Trade Desk’s (TTD) results and commentary arguably did more than just that: They suggested there’s a major inflection in online video ad spend as dollars are grabbed from traditional TV ad budgets amid major TV ratings declines and accelerated cord-cutting.
Roku, which rose 12.6% post-earnings on Friday, reported that its monetized video ad