AI专题·从海外C端应用看AI进展 订阅服务迎来价值增量， 广告平台有望持续增长 西南证券研究院 海外研究团队 2025年7月 核心观点 目 录 一、C端应用：订阅平台表现相对领先，广告平台基本面持续改善 三、广告平台：AI助力广告转化效率增强，平台收入增长加速 2.1 Duolingo：AI功能打造Max订阅层级，高级订阅持续渗透 2.2 Spotify：AI功能支撑订阅服务涨价，带动用户付费水平提升 二、订阅平台：AI带来订阅产品价值提升，业绩贡献逐渐清晰 3.1 Snapchat：广告收入同比增速由负转正，Snapchat+贡献订阅增量 3.2 Pinterest：广告工具Performance+效果增强，广告投资回报表现强劲 1.1 平台业务对比：产品内容形式各异，收入及成本类型差异明显 1.2 AI进展对比：AI功能持续迭代，降本增效及收入贡献日益显现 2 1 C端应用：订阅平台表现相对领先，广告平台基本面持续改善 -50% 0% 50% 100% 150% 200% 250% 2022-11-30 2022-12-31 2023-01-31 2023-02-28 2023-03-31 2023-0 ...

Payoneer Global (PAYO) FY Conference May 14, 2025 08:00 AM ET Speaker0 Great. Thank you everyone for being here today and for joining the fireside chat with Payoneer. I'm here with John Kaplan. John currently serves as CEO and director at Payoneer, a financial technology company empowering the world's small and medium sized businesses to transact, do business, and to grow globally. John is an executive, investor, and entrepreneur with a track record of scaling companies. Prior to joining Payoneer, John was ...

Snap Inc SNAP reported first-quarter results on Tuesday and announced it would not provide second-quarter guidance.Snap reported first-quarter revenue of $1.36 billion, up 14%, topping the Street consensus estimate of $1.35 billion.The company reported an adjusted loss of 8 cents per share, beating a Street consensus estimate of 13 cents per share.Also Read: Amazon, Wayfair, Pinterest Win Analyst Backing Due To Tariff Pause, Supply Chain Relief, Discretionary Spend RecoveryMultiple Wall Street analysts cut ...