Earnings
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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News Corp. Profits More Than Double to $144 Million Behind Strong Q1 Subscription Growth
The Murdoch-led media company reported 5.9 million Dow Jones subscribers, up 11%
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Media
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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News
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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AMC Theatres Revenue Slides 5% Despite ‘Deadpool 3’ Boost
The theater chain posted its second-highest EBITDA ever in Q3 and narrowed losses to 6 cents per share
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New York Times Adds 260,000 Digital Subs, Boosts Profits by 19.6%
The media company spent another $4.6 million on litigation related to its suit against Microsoft and Open AI over copyright infringement
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News
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Political Ads Drive Fox Revenue to 11% Increase
The continued growth of Tubi and Fox Sports’ “Summer of Soccer” also contributed to the year-over-year jump
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Apple’s Profit Drops 36% as Tech Giant Pays $10 Billion to Resolve European Tax Issue
Despite the one-time charge, the iPhone maker reported a Q4 record of $94.9 billion in sales
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Amazon Ad Sales Rise 19% to $14.3 Billion in Q3
Sales for subscription services, which includes Prime Video, grew 11% to $11.3 billion during the quarter
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Cinemark Scores Highest Quarterly Box Office Since the Pandemic, Record Q3 Revenue on ‘Steady Cadence’ of Hits
Quarterly revenue for the Texas-based theater chain climbed 5% to $922 million
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Peacock Q3 Loss Narrows to $436 Million as Paris Olympics Boost Subs to 36 Million
The streamer’s revenue grew 82% year over year to $1.5 billion
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Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
CEO Mark Zuckerberg says the Facebook parent company will continue to invest in AI and virtual reality because the upside is “really big”
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Tech
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