The measurement company said its first quarter net loss was $9.3 million, or 14 cents a share, compared to a $36 million loss, or 49 cents a share, a year ago. Adjusted EBITDA rose to $6.8 million from $5.6 million. Revenues increased 4% to $94 million from $90.3 million a year ago.
The NFL legend will join Fox Sports whenever he hangs up his cleats. The news came during the company’s call with analysts to report another growth quarter the company, with total revenues up 7% to $3.2 billion. Ad revenue grew 9% overall to $1.3 billion, led by stronger pricing and higher ratings at Fox News and continued growth at Tubi, the company’s ad-supported streaming service.
The increase to $1.2 billion was driven by gains across all revenue categories including core, political distribution, digital and other.
Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions, the company said Tuesday.
The increase to $774 million is due to record first quarter advertising and marketing services revenue.
Dish Network counted subscriber losses for both its satellite and streaming pay TV businesses, totaling 462,000 across both vMVPD Sling TV and Dish TV. “In regard to subscribers for all our brands, we simply didn’t execute according to our expectations,” said Dish CEO Erik Carlson on Friday’s quarterly earnings call.
Bertelsmann’s Luxembourg-based media giant RTL Group, which owns Fremantle, has declared revenues of €1.56 billion ($1.64 billion) for the first quarter of 2022, a growth of 11.3%. The RTL Group has interests in 64 television channels, nine streaming services and 36 radio stations. The group’s content business, Fremantle, is one of the world’s largest creators, producers and distributors of scripted and unscripted content, including American Idol, Britain’s Got Talent and The X Factor.
The increase to $827 million was driven by increase in local, national and political advertising as well as retransmission consent money.
The increase to $327 million is pegged to increases in core advertising and retransmission consent revenue.
BURLINGTON, Mass. (AP) _ Avid Technology Inc. (AVID) on Wednesday reported first-quarter profit of $10.6 million. The Burlington, Massachusetts-based company said it had profit of 23 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 33 cents per share. The results missed Wall Street expectations. The average estimate of three analysts […]
The decrease to $1.3 billion is attributed to lower media revenues comprising lower core and total ad dollars and decreased distribution revenues.
Paramount Global on Tuesday said it added over 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weak growth in advertising sales. The company’s results come at a time when Wall Street has raised concerns over the long-term viability of streaming as the pandemic boom ebbs out. Net earnings attributable to Paramount fell to $433 million, from $911 million a year earlier.
Supply chain issues are limiting the number of players and smart TVs available to new streaming customers, and that’s a problem for companies like Netflix and Roku.
On Thursday, Amazon reported a loss of $3.84 billion, or $7.56 a share, for the first three months of the year. A year ago, it reported a profit of $8.1 billion, or $15.79 a share, for the first quarter. Wall Street analysts expected a profit of $8.35 a share in the latest quarter, according to FactSet. The Seattle-based e-commerce giant’s stock almost 10% in after-hours trading.
The results for the January-March period drew a picture of a still-expanding empire generating massive profits that have yielded the firm a $2.7 trillion market value — the largest among U.S. companies.
Nielsen today reported lower earnings as it prepares to be acquired by a private equity group lead by Elliott Investment Management. Net income fell to $105 million, or 29 cents a share, compared to $573 million, or $1.60 a share, reflecting the sale of its Global Connect business for $2.7 billion last year. The company said net income from continuing operations was $101 million, down from $106 million. Revenue rose 1.6% to $877 million.
Comcast reported a revenue of $31 billion and an earnings per share of 78 cents, seeing its earnings jump as a result of increased viewership of the Olympics and the 2022 Super Bowl, but it also logged an operation loss stemming from NBCUniversal streaming service Peacock to tune of $456 million, as per the media conglomerate’s first-quarter earnings report Thursday.
Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Revenue rose 7% in the quarter, marking the first time in Facebook’s 10-year history as a public company that growth has landed in the single digits. Analysts were expecting 7.8% growth.
When is a 14% increase in quarterly ad spending a bad thing? When it’s for YouTube. While it was a healthy double-digit increase, it was a “deceleration” from 24% growth YouTube had in the fourth quarter of 2021, and it was the main reason Wall Street analysts attributed to a sell-off in parent Alphabet’s shares following the release of its first quarter results.
Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares rose as much as 2% in premarket trading.
Spanish-language TV powerhouse TelevisaUnivision said on Tuesday that its revenue would have increased 12.2% to more than $1 billion in the first quarter when looking at its combined business created by a $4.8 billion mega-merger at the end of January.
AT&T, in its Wall Street swan song as an entertainment entity, reported solid subscriber pickup for HBO Max and HBO for the first quarter of 2022 on Thursday. The now-divested WarnerMedia unit was again a drag on profitability because of continued investments in HBO Max and the launch of CNN+ — reflecting a key reason AT&T spun it off.
SAN FRANCISCO (AP) — An unexpectedly sharp drop in subscribers has Netflix considering changes it has long resisted: Minimizing password sharing and creating a low-cost subscription supported by advertising. Looming changes announced late Tuesday are designed to help Netflix regain momentum lost over the past year. Pandemic-driven lockdowns that drove binge-watching have lifted, while deep-pocketed […]
The company’s customer base fell by 200,000 subscribers during the January-March period, according to its quarterly earnings report released Tuesday It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China six years ago. The drop this year stemmed in part from Netflix’s decision to withdraw from Russia to protest the war against Ukraine, resulting in a loss of 700,000 subscribers.
The increase to $234 million is powered by a 69% boost from its digital properties, which were aided by its purchase of Cisneros Interactive.
Comscore, which has been losing money since problems cropped up in its financial reports five years ago, turned in positive net income of $29 million for the fourth quarter. Revenue was $96.5 million, up 7%.
The decrease to $775 million is due to political advertising comparison to last year. Compared to 4Q 2019, total company revenue was up 12%. Tegna,
The decrease to $134 million is due to a $50.9 million decrease in political advertising revenue and partially offset by increased local and national advertising demand, Summer Olympics money and higher retrans revenue.
The drop to $351 million is pegged to lower political ad revenue that more than offset an 8% increase in core advertising to $183 million.
However, total core ad revenue (which excludes political) climbed 26% to $359 million from 4Q 2020. Also, retrans money grew 35% to $294 million.
Dish Network, which is in the midst of a years-long shift from satellite pay-TV operator to wireless provider, met Wall Street expectations in the fourth quarter. The company said revenue came in at $4.45 billion in the period ending Dec. 31, down slightly from $4.56 billion in the year-earlier period. Earnings per share totaled 87 cents, down from $1.25 in the 2020 quarter.
Discovery said today it ended the fourth quarter with 22 million DTC subscribers, up from 20 million for 3Q. The bulk of subs are from Discovery+. Revenue rose 10% to $3.2 million, ahead of Wall Street forecasts on higher advertising and distribution. Free cash flow, a key metric, increased 78% to $784 million.
TelevisaUnivision said that Univision narrowed its fourth-quarter loss as revenue increased. The deal combining assets of Televisa and Univision closed earlier this year. The company said Univision lost $2.4 million in the quarter, compared to a $39.1 million loss a year ago. Revenue rose 4.1% to $752 million.
The decrease to $1.5 billion is attributed to the absence of political advertising and a $65 million loss from a ransomware attack in October 2021. Discounting political, core revenue grew 4% to $364 million.
The decrease to $1.25 billion from 4Q 2020 came despite Strong year-over-year growth across all of Nexstar’s non-political revenue sources. Excluding political, net revenue increased 13.8% year-over-year. For the full year, net revenue hit $4.65 billion, a 3.3% increase over the prior year.
AMC Networks beat Wall Street estimates for the fourth quarter and reported 9 million streaming subscribers as of the end of 2021, in line with company projections. Earnings came in at 54 cents a share on an adjusted, diluted basis, down 80% from the same quarter a year ago but comfortably ahead of forecasts. Revenue inched up 3% to $803.7 million.
The biggest news of Tuesday’s call with analysts was a renaming of the company built by the late Sumner Redstone — eliminating his long-used Viacom, while CBS remains for the TV network. But beginning Wednesday, Feb. 16, the parent company will called Paramount. President-CEO Bob Bakish did hail the top shows on CBS as examples of how the company is leading on all platforms. But the focus of the presentation was clearly streaming — primarily Paramount+,
Twitter said on Thursday that its revenue grew more slowly than analysts had expected in the last quarter 2021, and the company predicted that it would report a loss in the current quarter. But it added new users, potentially easing concerns that it was having a hard time drawing interest in an increasingly diverse market for social media.
Disney beat Wall Street expectations for earnings, revenue and streaming subscriber growth in its fiscal first quarter, sending its beleaguered shares up almost 10% in after-hours trading. Flagship streaming service Disney+ reached 129.8 million subscribers, ahead of analysts’ consensus expectation for 125.4 million.