Check out this:
https://www.businesswire.com/news/home/ … er-of-2022
"Third Quarter 2022 And Nine Month Financial and Operational Highlights
Total revenue for the third quarter was $66.7 million, the largest quarterly revenue in Company history and $180.0 million in revenue for the first nine months, a 41% increase.
Digital advertising revenue increased 56% in the third quarter to a record $28.5 million from $18.3 million in the third quarter of 2021."
The company doing well indeed. We writers are receiving on the tail side.
I hope they spend some of that wealth on making HP could and used to be.
Looks like it is doing well.Question is whether writers would get any benefit out of this windfall profit ?
Exactly my question, Ravi. You would like to think it would pass down.
yes John the other interesting thing is this
"The Company continues to expand its partnerships signing 24 new publishing partners, adding millions of new users, impressions and revenue and profit at little-to-no incremental cost to the Company."
Will this signing of new partnerships and adding of new users help us in at least get some more traffic and maybe more opportunities ?
Big revenues can sound impressive, but really it's the net profit/loss figure that ultimately matters. They've reduced their annual net loss, which is impressive for a media/tech company.
That's how I understand it, anyway. It can often be a mistake to focus on revenue figures, even though they get touted.
We should ALL be asking a lot of questions at this point. I am asking but not getting much in the way of answers. In fact, it almost feels like asking means getting penalized.
Companies always win and make money, and to be honest, they don't care whether or not someone writes for them. They would have responded to the earlier threads posted by various HP authors if they cared. There is an ocean of writers, and the company doesn't care about who comes and goes! It may sound harsh, but it is true. Just my two cents!
I posted this nine months ago:
https://hubpages.com/community/forum/35 … ou-invest-
Well I suppose that is capitalism. Companies exist to make money for owners and shareholders. The alternative is communism.
It is 2022! Nobody gives a damn! I once received a warning that they would delete my account because I had a minor issue with someone in the forums. It has nothing to do with my writing. What would you call it? I don't care what they do or don't do. I'm done with that! I enjoy the community here, which keeps me coming back. Screw "money" and "network sites"!
I agree with Misbah that the community aspect of this site is enjoyable. If someone needs extra money, though, it’s sad to compare the financial situation in the past with the one that exists today.
Thanks for your continued support, Linda! Much appreciated!
You are one of my biggest supporters and a wonderful friend.
Love and Blessings! ❤️
If there are no quality writers (because they all left), there will be no quality readers. That's capitalism also!
I'd be interested in opinions on this:
"In the HubPages business, the Company’s content playbook has now expanded across 10 sites, with plans to double the number of sites in 2023. As a result of this strategy, the Company’s total HubPages monthly average pageviews in Q3 were 88.2 million, up 92% from the prior year." ~ Ross Levinsohn
So, why are our individual revenues taking a major dive? Shouldn't our payouts come sooner and at an increase of 92% or at least close to the mark?
My earnings certainly don't reflect this. I would love to get my eyes on several things that we don't see or know.
It's clear that what we signed up for a decade or more ago is not what we have today. Even product promotions require personal testimony now. Why shouldn't we be rewarded for promoting a product like influencers are paid to promote traffic? We are expendable in terms of capitalism only when we tolerate our dispensability. My guess is that HubPages is making so much money off of ads right now they could careless how we feel, but at some point competition will force them to change their business model once again. Writers just roll with the punches, don't we? What if we lived in a world where freelance and content writers signed a contract for their product? That's where they got us. They never gave us a guarantee so they can do anything they want. In fact, they told us that we'd make pennies while promoting the earnings of a selected few.
" the Company’s total HubPages monthly average page views in Q3 were 88.2 million, up 92% from the prior year."
If the pageviews have increased by 92%, then ideally, it should be reflected in the hubs written by writers. But strangely, it is not happening to that extent. Maybe the views are only increasing for specific niche sites/markets. This is undoubtedly something that needs to be analyzed.
Maybe they mean Discover.Hubpages.com views and not network site views? Statistics as we know can always be twisted to make things look good.
Yes, the number of articles in hubpages.com and Discover grow and grow. Even though much of the material is crap, they will provide some more overall traffic.
Adding new network sites, like the crime one, will also add overall traffic.
Neither of the above generally helps our traffic in the (older) niches, but it all sounds good.
Just as quoting big revenues sounds good when you're losing money...
I have recently been concerned that HubPages is in danger of closing. I based this assumption on plummeting page views, falling revenue for writers, respected writers leaving the site and a fall in the number of quality articles being published.
Indeed, I am even wondering whether it is worth publishing before Christmas, as views are so low.
My friends query my loyalty. They are concerned that someone else is making money from our articles. These figures add credence to their arguments.
But, as others have already said, it's the community, the friendship and support of other writers that keeps me here.
That said, none of us like being taken advantage of. It's time that the writers should gain a reasonable share of the revenue. After all, where would sites like this be, if there were no more articles being written?
Well looking at pethelpful, the news is grim. May - March 2021 we were getting just under 3 million views monthly. Now it is down to 1 million. The Spruce pets are getting 5 million monthly views. So they can come out of nowhere and beat the pants off of us.
All but one of their ads is off to the right, so the user experience is superior. The content, however, is inferior.
Cramming ads into our articles is killing that niche site, and we get no benefit from the grotesque overabundance of advertisements. It's hopeless.
I totally agree with those two great friends of mine, Misbah and Linda -- and with no bitterness whatsoever, which sems to be much expressed here -- I agree with the position of the company. It's their business, not ours, the system was here before we were born, so who are we to question anything. We are free to go if we don't like it. If we were in their shoes, most of us would do as they are doing. They are the brains of the company, we are just trying to appear brainy. As for me, how could I leave all these fine people who love me so much! Ooops! Sorry, I've done it -- twice, closed my account. When I left, the company didn't say: "Sorry to see you leave" -- and when I came back, they didn't say: "Welcome back". Shit! I expected some brass music!
I always say welcome back...as for the people to be at Hubpages...I can't speak for them.
Did they ever send a message...sorry we lost you?
I doubt it.
But as for me...and the rest of us...we are glad you are back.
As for view & money....we are both Still waiting...
It's kinda like waiting to win the lotterry...
But we're giving so much more.
Brenda dear -- I remember you said "welcome back", so did John, and I appreciate that. Honestly, I never expected anything like that from the company, I even see it as naive, and there is not even a trace of bitterness there. I see my relation with them as strictly official, there is no sentiment there. I write, they publish. Sometimes I get an impression that they are cutting our views, but that's the satiric in me, and I don't claim anything for which I have no proof. Other than that, cents are collecting, they look ridiculous, but what a heck, it's my decision, they are not forcing me to hang around -- so I just have my fun writing and reading what you guys write.
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