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Earnings

  • Endeavor Swings to Net Loss of $303.5 Million in Q1

    Executives will not hold an earnings call due to a pending take-private transaction with Silver Lake, which will close by the end of Q1 2025

    By

    Lucas Manfredi
    May 9, 2024 @ 5:18 AM

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    Business
    5:18 AM
    Endeavor Swings to Net Loss of $303.5 Million in Q1

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  • Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%

     The streaming segment posted $86 million in profit and added 2 million DTC subscribers for 99.6 million globally

    By

    Lucas Manfredi
    May 9, 2024 @ 4:40 AM

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    Business
    4:40 AM
    Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%

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  • AMC Theaters Q1 Revenue Flat Year-Over-Year Amid Weak Box Office

    The theater chain reported $951 million in revenue and slashed its net losses by 72% to $163.5 million

    By

    Jeremy Fuster
    May 8, 2024 @ 1:50 PM

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    Movies
    1:50 PM
    AMC Theaters Q1 Revenue Flat Year-Over-Year Amid Weak Box Office

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  • News Corp. Q3 Net Income Falls 29% As News Media Advertising Revenue Declines

    CEO Robert Thomson warns of rising tide of “AI-fueled falsehoods” in an “era of polarization”

    By

    Natalie Korach
    May 8, 2024 @ 1:39 PM

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    Media
    1:39 PM
    News Corp. Q3 Net Income Falls 29% As News Media Advertising Revenue Declines

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  • Disney Shares Tumble 9% on Softer Q3 Outlook Despite Nearing Streaming Profitability

    The House of Mouse warned its entertainment DTC business would swing to a third quarter loss after posting a $47 million profit

    By

    Lucas Manfredi
    May 7, 2024 @ 3:55 AM

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    Business
    3:55 AM
    Disney Shares Tumble 9% on Softer Q3 Outlook Despite Nearing Streaming Profitability

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  • Fubo CEO Encouraged by Support From Competitors in Battle Against Disney-Fox-WB Sports Venture: ‘An Existential Challenge’

    David Gandler says the streamer has had strong backing in its plan to take down the joint venture

    By

    Emily Smith
    May 3, 2024 @ 8:12 AM
    Streaming
    8:12 AM
    Fubo CEO Encouraged by Support From Competitors in Battle Against Disney-Fox-WB Sports Venture: ‘An Existential Challenge’
  • Apple Revenues Slip 4% to $90.75 Billion on Weaker Device Sales

    Net income also fell 2% to $23.64 billion despite the device maker scoring a 14% jump in Services revenues to a quarterly record

    By

    Alexei Barrionuevo
    May 2, 2024 @ 1:53 PM
    Business
    1:53 PM
    Apple Revenues Slip 4% to $90.75 Billion on Weaker Device Sales
  • Cinemark Stock Jumps as $579 Million Q1 Revenue Beats Expectations

    The Texas-based theater chain dipped just 5% from 2023 revenue despite lower box office performance compared to last year

    By

    Adam Chitwood
    May 2, 2024 @ 4:32 AM

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    Movies
    4:32 AM
    Cinemark Stock Jumps as $579 Million Q1 Revenue Beats Expectations

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  • Amazon’s Prime Video Ad Tier Helps Boost Q1 Ad Revenue By 24% to $11.8 Billion

    The Big Tech company, which launched the ad tier in January, also saw an 11% jump in overall subscription revenue

    By

    Lucas Manfredi
    April 30, 2024 @ 1:27 PM

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    Business
    1:27 PM
    Amazon’s Prime Video Ad Tier Helps Boost Q1 Ad Revenue By 24% to $11.8 Billion

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  • Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers

    The media conglomerate declined to take analyst questions following the departure of CEO Bob Bakish

    By

    Lucas Manfredi
    April 29, 2024 @ 1:20 PM

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    Business
    1:20 PM
    Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers

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  • Roku Stock Reverses Gains After Streamer Warns Adjusted Earnings Will Moderate in 2nd Half of 2024

    Shares fell over 2% despite the company beating Wall Street expectations for the first quarter of 2024 on Thursday

    By

    Lucas Manfredi
    April 25, 2024 @ 1:22 PM

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    Business
    1:22 PM
    Roku Stock Reverses Gains After Streamer Warns Adjusted Earnings Will Moderate in 2nd Half of 2024

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  • Comcast Shares Tumble Over 6% Despite Earnings Beat as Company Bleeds Pay TV and Broadband Subs

    Meanwhile, Peacock narrowed its streaming loss to $639 million while hitting 34 million subscribers

    By

    Lucas Manfredi
    April 25, 2024 @ 4:28 AM

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    Business
    4:28 AM
    Comcast Shares Tumble Over 6% Despite Earnings Beat as Company Bleeds Pay TV and Broadband Subs

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  • Wall Street Flashes Concerns Over Meta’s Expensive Push Into AI Development

    Despite beating estimates and doubling its Q1 net income to $12.37 billion, the tech company’s shares fell 16% in after-hours trading

    By

    Natalie Korach
    April 24, 2024 @ 1:24 PM

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    News
    1:24 PM
    Wall Street Flashes Concerns Over Meta’s Expensive Push Into AI Development

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  • Spotify Shares Jump 12% as Streamer Swings to Q1 Profit

    The Swedish company credited its growing list of offerings, including videos and audiobooks, for the strong results despite slowing subscriber growth

    By

    Eileen AJ Connelly
    April 23, 2024 @ 4:37 AM
    Business
    4:37 AM
    Spotify Shares Jump 12% as Streamer Swings to Q1 Profit
  • Netflix Shares Sink 7% as Disappointing Forecast Weighs on Shares

    Increased subscribers gave the streamer a nearly 15% first-quarter revenue jump, but Wall Street saw its full-year guidance as weak

    By

    Eileen AJ Connelly
    April 19, 2024 @ 8:13 AM
    News
    8:13 AM
    Netflix Shares Sink 7% as Disappointing Forecast Weighs on Shares
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