Q4 Reflections: Google's earnings call for Q4 2017 revealed that the company missed analysts' estimates for earnings per share. However, the search giant did exceed overall revenue expectations for the quarter, which totaled $32.32 billion, an increase of 24% year over year. Google's ad business brought in $27.23 billion for the three-month period ended in December, up from $22.40 billion in Q4 2016.
Exceeding Expectations: Apple posted a quarterly revenue of $88.3 billion, up 13% year over year. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January," said Apple CEO Tim Cook in a statement.
Go Broadband: Kagan, a part of S&P Global Market Intelligence, predicted that broadband-only households in the US will surge from 19.0 million in 2017 to 37.2 million by 2022. Kagan expects these households will rely on a mix of broadband and traditional over-the-air TV broadcasting to get video content, leaving behind delivery channels like traditional residential cable. The firm credited the expected growth to the increased availability of broadband, as well as shifting age demographics.
Beauty Bump: The NPD Group estimated that the prestige beauty industry in the US totaled $17.7 billion in 2017, up 6% over 2016. The sector was bolstered by the skincare category, which posted a year-over-year sales growth rate of 9% and accounted for 45% of prestige beauty's total sales gains for 2017. Makeup was another significant contributor, adding a 6% increase in sales for the year.
Holiday Radio: Nielsen reported that adult contemporary (AC) radio stations had a pretty good run in recent months, grabbing the largest audience share among all formats during both December and the longer holiday season. AC beat out talk radio, which is usually the dominant radio format during most of the year. Nielsen noted that many AC stations go to an all-Christmas music programming strategy over the holiday months.