U.S. search ad revenues hit record $88.8 billion in 2023
by Search Engine Land
Search Engine Land— Search continues to account for the largest share of digital ad spending. Search revenue grew 5.2% year on year.
MediaNama—Earnings call: Meta’s Ad Revenue Hits $35.6B, emphasizes role of AI in advertising. The rise in the price of ads was driven by advertiser demand and was partially offset by impression growth from lower monetizing regions/surfaces (devices used to consume content).
Music Business Worldwide—Universal Music Group generated 51% of its 2023 recorded music revenues in North America and 8 other things we learned from its new annual report. MBW takes a deep dive through Universal's latest in-depth financial report Source
WTRF—U.S. Senators call for investigation into U.S. Steel’s sale to Japanese company. WEIRTON, W.Va. (WTRF) -- In December, the Pittsburgh-based steel company U.S. Steel agreed to sell the company to Japan’s largest steel manufacturer, Nippon Steel. Now, two U.S. Senators are calling on President Biden to look deeper into this sale and the effects it could have on the country. Just months after U.S. Steel agreed to []