quarterly reports

Continued investment in streaming contributed to a first-quarter loss for Spanish-language media giant TelevisaUnivision, which is seeing the bulk of its growth come from its Mexican operations while U.S. revenue stays flat with year-earlier results. Revenue during the quarter improved 7%, to $1.1 billion. Revenue from Mexican operations rose 23%, to $409 million. But revenue from U.S. businesses — a bigger part of the company’s overall financial results — stayed flat at $740 million, despite a first-quarter airing of a Spanish-only version of the 2024 Super Bowl on Univision.

Comcast reported first quarter results that outpaced Wall Street expectations, with Peacock reaching 34 million subscribers but posting higher programming costs. Total revenue inched up 1% to $30.1 billion, with adjusted earnings per share coming in at $1.04, up from 92 cents in the year-ago period. The Media division, which includes Peacock, reported a nearly 4% gain in revenue, to $6.4 billion. But higher operating expenses, notably higher programming expenses at Peacock, contributed to wider losses. Adjusted EBITDA, a key measure of profitability, fell 6% to $827 million.

Meta Platforms earned $12.37 billion, or $4.71 per share, in the January-March period. That’s up from $5.71 billion, or $2.20 per share, in the same period a year earlier. Revenue rose 27% to $36.46 billion from $28.65 billion. Analysts, on average, were expecting earnings of $4.32 per share on revenue of $36.14 billion, according to a poll by FactSet.

Spotify Technology, the audio streaming giant, reported Q1 results broadly in line with analyst forecasts as the company continued to add new features. Paid subscribers rose 14% year over year to 239 million, the company said Tuesday in a statement, in line with analysts’ estimates compiled by Bloomberg. Total active users, including those plans with advertising, grew to 615 million, compared with the 617.9 million forecast by analysts.

Netflix added 9.3 million subscribers in the quarter ended March 31, reaching 269.6 million worldwide, and outperformed expectations in other key areas in its latest strong financial report. Revenue and earnings per share both handily exceeded Wall Street forecasts at $9.37 billion and $5.28, respectively. The top line was up 15% from the same quarter in 2023, while EPS came in at nearly double the year-ago period’s $2.88. In its quarterly letter to shareholders, Netflix said it planned to stop reporting subscriber totals and average revenue per subscriber starting with its first quarter results in 2025.

Comscore’s fourth-quarter loss widened as it took a charge related to goodwill and as revenue declined. The loss was $32.7 million, or $6.69 a share, compared to a loss of $3.8 million or 80 cents a share, in the same quarter a year ago. The results include a $34.1 million non-cash impairment charge related to goodwill and $4.3 million in dividends paid to convertible redeemable preferred stockholders, the company said.

The decrease to $726 million is attributed to lower political advertising compared to 2022’s mid-term election cycle.

The total of $1.3 billion was attributed to a 14% rise in distribution revenue that couldn’t offset lower political, core and digital revenue.

The decrease to $381 million was driven by lower core and political advertising. For the company as a whole, total Q4 revenue was $616 million, a decrease of 9.6%, or $65.2 million from a year ago.

Warner Bros. Discovery saw revenue dip but losses narrow in the last quarter of 2023. Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing. Revenue of close to $10.3 billion compared with $11 billion the year before, down 7%.

The company, led by CEO Kristin Dolan, takes a $42.4 million impairment charge related to BBC America and a $19.8 million charge related to 25/7 Media.

Disney’s profit blew away forecasts although revenue fell a bit short in a key, and solid, earnings report that the company hopes will set the stage for more robust growth. Revenue was flat at $23.5 billion for Disney’s fiscal first quarter ended in December. Diluted EPS (excluding some items) was $1.22, up 23% from the year before.

At the end of the year, The Times had 10.36 million subscribers, 9.7 million of them digital-only.

Fox saw revenue dip 8% last quarter to $4.23 billion on weaker advertising due in part to tough comps from the year before. The fiscal second-quarter numbers hit the day after Fox with Disney and Warner Bros. Discovery set a fall launch date for joint streaming sports venture with. There’s no name or price yet for the service, which will pool the sports rights of the three media companies. CEO Lachlan Murdoch will say more on a call at 8:30 ET.

The Menlo Park, Calif.-based parent company of Facebook and Instagram said Thursday that it earned $14 billion, or $5.33 per share, in the October-December period. That’s up from $4.65 billion, or $1.76 per share, a year earlier.

The Seattle-based e-commerce company said it earned $170 billion in revenue and $10.6 billion in profits during the last three months of 2023, beating expectations from analysts surveyed by FactSet. In a statement, Amazon CEO Andy Jassy called it a “record-breaking” holiday shopping season for Amazon.

The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, Calif., company, with most of the sales coming through Google’s dominance of search and online advertising. The rebound followed an unprecedented drop in Google’s ad revenue coming out of the pandemic following nearly 20 years of uninterrupted growth.

The fourth quarter results announced Tuesday provided further evidence that Netflix was able to come up with a formula that produced a spike in subscribers even as it became more expensive to watch its lineup of TV shows and movies.

Starz, the premium cable network and streaming provider set for separation from Lionsgate’s balance sheet early next year, added 200,000 domestic OTT subscribers from July through September, according to the parent company’s fiscal Q2 report.

Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier. Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services.

Disney opened a new corporate era with a mixed-to-positive batch of quarterly results, reporting better-than-expected revenue and earnings but also more than $1 billion in charges. The media giant had total revenue of $21.2 billion in the fiscal first quarter, up 5% from the same period a year ago, and earnings per share of 82 cents. The earnings more than doubled from the prior-year mark of 30 cents, and the top- and bottom-line numbers beat Wall Street analysts’ forecasts. Streaming paced the quarter, with Disney+ having its best performance in several quarters.

The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.

Warner Bros. Discovery’s third quarter was mixed with Barbie coin and free cash flow beloved by Wall Street offset by sluggish advertising and the impact of the actors’ strike on the one of the industry’s biggest content creators.

Streaming, which turned profitable in the first quarter ahead of most rivals, but lost $3 million in Q2, was back in the black to the tune of $111 million despite a net subscriber loss as Discovery+ users continued to migrate to Max, which showcases lots of Discovery programming. Subs declined to 95.1 million in the third from 95.8 million in the second quarter. Streaming revenue was up 5% to $2.4 billion on price hikes, which are sweeping the streaming landscape, and digital ad revenue that’ growing off a small base.

The total of $1.13 billion was driven by The CW acquisition that closed on Sept. 30, 2022, as well as growth in distribution and digital revenues.

The decrease to $803 million was pegged to lower political advertising compared to a year ago.

The decrease to $713 million is attributed to lower political advertising compared to 2022’s mid-term election cycle.

With its shares in free fall after a dismal third-quarter earnings report, Dish Network executives faced the music with Wall Street, conceding in an earnings call that they face an array of intensifying challenges. “We have a narrow path, but there is a path, to achieve financial stability and make sure we meet our commitments,” Chairman Charlie Ergen said. “Having been through this for a long time, we’ve had narrow paths before.”

Comscore reported a slim Q3 loss as revenues fell. The measurement company said it $1.7 million, or 2 cents a share, in the quarter, compared to a $56.3 million loss, or 60 cents a share, a year ago. Revenue fell 2% to $91 million.

Fubo said it cut its net losses while added 310,000 subscribers in North America, giving a record number of customers. The net loss for the virtual multichannel video programming distributor was $83.8 million, 29 cents a share, compared to $162.6 million or 82 cents a share, a year ago. Revenues rose 43% to  $420.9 million

AMC Networks reported double-digit declines in advertising and affiliate revenue in the third quarter, which dragged down its overall results. The cable and streaming programmer posted adjusted earnings per share of $1.85, which was down from $2.09 a year ago but still ahead of Wall Street analysts’ consensus estimate. Revenue, though, did not clear the Street’s bar, falling nearly 7% to $637 million.

The decrease to $353 million was driven by lower core and political advertising. For the company as a whole, total Q3 revenue was $567 million, a decrease of 7.4%, or $45.6 million from a year ago.

The increase to $274 million is powered by its digital properties, which now account for 84% of total revenue.

Paramount Global beat Wall Street analysts’ estimates in the third quarter, thanks in large part to streaming flagship Paramount+, which added 2.7 million subscribers to hit 63 million globally. Total revenue came in at $7.13 billion, up 3% from the year-ago period, while adjusted earnings per share 21% to 36 cents. Analysts’ consensus called for earnings of 11 cents and revenue of $7.12 billion.

Fox Corp. nipped Wall Street estimates for its fiscal first quarter, but earnings fell from a year ago partly due to a comparative lack of political ad spending. Revenue came in at $3.21 billion, up a smidgen from $3.19 billion in the prior-year quarter. Adjusted earnings per share were $1.09, down from $1.21 a year ago. Both the top and bottom line slightly exceeded Wall Street analysts’ consensus forecasts, but Fox shares slipped 2% in pre-market trading due to some less-than-upbeat aspects of the quarterly report.

The decrease to $767 million was led by 19% lower advertising and distribution revenue. However, core ad revenue was up 2%.

Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts’ estimates. The stock climbed in extended trading. Earnings per share: 94 cents vs. 58 cents expected by LSEG, formerly known as Refinitiv. Revenue: $143.1 billion vs. $141.4 billion expected by LSEG.

Comcast beat Wall Street estimates for third-quarter revenue and earnings despite an 8% year-over-year drop in domestic advertising. The NBCUniversal parent reported revenue of $30.1 billion in the period ending Sept. 30, up 1% from the same quarter of 2022. Earnings per share reached $1.08 on an adjusted basis, up from 96 cents a year ago. Peacock, the flagship streaming service at NBCU, picked up 4 million paid subscribers during the quarter, reaching 28 million. Its revenue shot up 64% year-over-year to reach $830 million, as losses narrowed.