Roku Beats Wall Street With Narrower 2Q Loss Than Expected
Roku beat Wall Street expectations for the second quarter of 2023 after reporting a smaller than expected net loss of $107.6 million, or 76 cents per share. Analysts surveyed by Zacks Investment Research were expecting a loss of $1.28 per share.
Chicken Soup Reports Loss Of $56.3 Million In 4Q
Comscore Loss Widens To $3.8 Million In 4Q
Comscore posted a loss in the fourth quarter as revenues edged up. The measurement company’s net loss was $3.76 million, or 4 cents a share, compared to a loss of $1.03 million, or 1 cent a share a year ago. The loss includes the payment of dividends on convertible preferred stock. Adjusted EBITDA was $12 million, compared to $12.4 million a year ago. Revenue rose 2% to $98.2 million.
Netflix Rebounds From Recent Subscriber Losses With 3Q Gain
The Los Gatos, Calif., company disclosed Tuesday that it picked up 2.4 million subscribers during the July-September period, a comeback from a loss of 1.2 million customers during the first half of the year amid stiffer competition and soaring inflation that’s squeezing household budgets.
Discovery Reports Solid U.S. Ad Gains
In the first quarter of apples-to-apples financials since it closed the Scripps Networks Interactive acquisition, Discovery delivered solid advertising gains and beat Wall Street profit forecasts. The company reported total revenue in the second quarter of just shy of $2.9 billion, which met estimates.
CBS Stations 2Q Revenue Moves Up 4%
The increase is helped by a higher retransmission consent and reverse comp revenue.
Nexstar 3Q Revenue Up 24% To $276M
CEO Perry Sook attributes the record results to “solid core revenue growth, our ability to maximize the Olympic and political revenue opportunities, growing retransmission consent revenues, impressive digital growth and the ongoing benefits of our results-focused operating disciplines.” The big driver was political of $25.5 million, plus a 23% gain in retrans revenue and $29 million in digital.
Vislink Reduces Comm. Headcount By 26%
Disney Broadcast Revenue Up 5% In 3Q
The broadcast operation, with ABC, generated $1.44 billion in revenue, up 5%, with operating income up 3% to $163 million. Advertising fell, Disney says, “due to fewer units sold” at ABC. That offset increases from program sales for Shark Tank, America’s Funniest Home Videos, My Wife and Kids– and a drop in costs following the cancellation of Katie.
Acquisitions Provide Uptick For Nielsen Rev
Nielsen N.V.’s third-quarter financial results showed healthy gains, due to Arbitron and Harris acquisitions — and more moderate rises for its core business. At its Watch unit, revenue climbed 29% to $694 million. For its big Buy business unit, revenue improved 3.5% to $878 million. Overall revenue was up 13% to $1.57 billion — and without factoring in Arbitron and Harris, increased 2.5%.
Media General Takes 11% 3Q Revenue Hit
The decrease in political and Gulf of Mexico oil spill-related advertising is a big part of the decline of the company’s overall results. When factoring out political, broadcast revenues for the quarter decreased 2.4%. Looking ahead, it says the fourth quarter should bring “a welcome strengthening in automotive advertising” and increased political revenues from early primaries in Florida and South Carolina.
Gannett 3Q TV Revenue Down 6.1%
But factoring out the lower political revenue, that changes to a 4.7% gain, driven by improving auto advertising. Retrans revenue was up 26.7% and online grew 27.5%.
Dalet 1H Revenue Jumps 13% On European Sales
Evertz Beats Expectations Fiscal 1Q 2012
Vislink Reports Small 1H Loss, SetsStrategic Review
TiVo Loss Grows In 2Q Despite Revenue Gain
Allbritton Fiscal 3Q Revenues Down 8.2%
Net revenues were down 8.2% to $49.3 million and operating income fell 27.7% to $16.1 million, the company said, attributing the declines to a drop in political ad money from $4.6 million in 2010 to $28,000 in this year’s quarter.
Miranda Reports 35% 2Q Rev Growth, Strong Profit
Vizrt 2Q Profit Triples As Revenue Jumps 32%
DG Fastchannel 2Q Revenue Increases 17%
Newly Public AMC Reports 21% Rev Spike
AMC Networks’ first earnings report as a public company showed strong advertising gains — just like many other cable networks — and big gains in its stock price.
News 4Q Beats Street; Murdoch Vows To Stay
News Corp. CEO Rupert Murdoch’s stance came as the company reported that its net income fell in the last quarter by 22%, mainly because of the sale of money-losing social-networking site Myspace. The phone hacking scandal and questions about Murdoch’s control of News Corp. overshadowed the media giant’s results, which beat expectations when excluding the Myspace sale.
Disney 3Q Broadcast Revenue Falls 1%
Broadcasting revenue fell to $1.43 billion as ad revenue on its ABC network grew, but local ad sales at TV stations fell because of lower political spending. Disney’s results beat Wall Street expectations, but the surprise boost to Disney’s fiscal third quarter came mostly because of the early booking of revenue at ESPN, which will result in an offsetting negative in its fiscal fourth quarter.
Barrington Posts 4.3% Rise In 2Q Revenue
Most of the gain comes from $20.5 million in local revenue, an increase of 8% from the year earlier period.
Scripps TV Revenue Up 3% In 2nd Quarter
Excluding political advertising, revenue was up 8.1%. The company says it received the last of its network compensation in the quarter and is now paying reverse compensation — “licensing fees” — to NBC and ABC. The company’s larger newspaper division dragged down overall results. Overall, company revenue sank 3%.
Nexstar 2Q Rev. Up 1.3% To Record $75.5M
Factoring out political, the increase jumps to 6.9%. The increases are led by a 4.3% gain in core advertising and double-digit increases in retrans, e-media and trade and barter.
EchoStar Turn Profit In 2Q, Tops Estimates
(RTTNews) — Satellite and digital TV solutions provider EchoStar Corp. reported Tuesday that its second-quarter net income attributable to common shareholders was $18 million, compared with a net loss of […]
Gray Television’s 2Q Revenue Gains 1%
The increase to $76.2 million is powered by gains in local (4%), national (3%), retrans (8%) and Internet (56%).
Viacom Fiscal 3Q Earnings Grow 37%
The media company, which is controlled by billionaire Sumner Redstone, earned $574 million, or 97 cents per share, in the fiscal third quarter that ended on June 30. That’s up 37% from $420 million, or 69 cents per share, a year earlier.
Washington Post 2Q TV Revenue Up 3%
The absence of Winter Olympics revenue this year isn’t enough to offset broad increases in other advertising categories.
Chyron Turns First Profit Since 2008 In 2Q
DirecTV Grows 2Q Net Income By 29%
The nation’s second-biggest provider of pay-TV services said today that its net income rose to $701 million, or 91 cents per share. That’s up from $543 million, or 42 cents per share, a year earlier. Its revenue grew 13 percent to $6.6 billion from $5.85 billion.
Saga Posts 8% Increase In 2Q Revenue
Revenue climbs to $4.6 million, while operating income grows 6.3% to $953,000.
Belo 2Q Revenue Up 2.1%
Core local and national spot revenue was affected by a 6.6% decrease in automotive revenue due to the disruption in auto supply related to events in Japan. Excluding automotive revenue, its core spot revenue was up 5%, while retrans and Internet revenue rose by double digits.
Time Warner Reports 10% Revenue Increase
The media company enjoyed its highest rate of growth since 2007, helped by cable advertising and hit movies.
Entravision 2Q TV Renenue Falls 5%
Lack of World Cup and political money is blamed for the decrease from the same quarter last year.
Harris Broadcast Division Posts Strong Growth
Comcast Posts Higher 2Q Profit
The cable MSO and owner of NBC today reported that its net income of $1.02 billion, or 37 cents per share, for the April to June period, up 16% from $884 million, or 31 cents per share, a year ago. Its broadcast TV segment revenue rose 18.5%, boosted by its acquisition of the NBC and Telemundo networks and stations.
Sinclair 2Q Revenue Flat at $159 Million
Local revenue, including advertising and retrans, was up 5%, while national was down 12.8%. Excluding political revenues, local net broadcast revenues were up 5.3% and national net broadcast revenues were down 7.8%.
Moonves: Reverse Comp Could Hit $450M
The CEO of CBS tells securities analysts that the company is on target to reap $250 million from retransmission consent deals involving its O&Os. Add to that what it expects to get in retrans sharing or reverse compensation from its affiliates and the retrans-related revenue swells to as much as $700 million in the next three to five years, he said. “We’ve made a number of these affiliate deals for reverse comp without pulling down any signals anywhere…. Everybody’s happy.”