Mobile ads grew 82% year over year to generate 80% of the company’s $5.6 billion in ad revenue in the fourth quarter.
Meredith Fiscal 2Q Local Media Rev Down 10%
The decrease is due to lower political ad revenue. Non-political ad revenue increased 9%, led by growth in auto and the addition of WALA Mobile, Ala.-Pensacola, Fla., and WGGB Springfield, Mass. The company also reported growth in retrans revenue.
AMSTERDAM (AP) — Dutch electronics giant Philips says it fell to a fourth-quarter net loss of 39 million euros ($42 million) as it paid off pension risks and had higher […]
Netflix Impresses Wall St. With 4Q Intl. Growth
Netflix added 1.56 million U.S. subscribers from October through December, slightly below what management had predicted. It marked the second-straight quarter that Netflix’s subscriber gains in the U.S. have disappointed. But international growth topped the company’s projections to give Netflix nearly 75 million worldwide subscribers through December.
NEW YORK (AP) — Wearable camera maker GoPro says it will eliminate about 100 jobs after its fourth-quarter sales fell far short of its expectations. GoPro says fourth-quarter revenue was […]
Tribune 3Q TV-Entertainment Rev Up 3%
Core advertising grew by $12.1 million, or 4.3%. Retrans money increased 20%, to $70 million.
Sling TV Buoys Dish Subscriber Losses
Scripps 3Q TV Revenue Dips 3%
The drop to $157 million is a result of flat local advertising and lower national and political dollars and higher expenses that couldn’t be offset by a 52% spike in retrans revenue.
Disney Posts Strong ABC, ESPN Revenue
Disney’s broadcasting business — its ABC Television Network and its stations — rose 10% in revenues to $1.6 billion in the period, due to the higher number of advertising units sold at higher prices. ESPN’s advertising revenues were up 5% for the its fiscal fourth-quarter reporting period ending Oct. 3.
Entravision TV Revenue Rises 5% In 3Q
Higher national advertising and retransmission consent revenue help power the increase.
The automaker says its net profit was $70 million from July through September compared with $611 million a year ago. Fiat Chrysler US posted just over $1 billion in one-time pretax charges, including an $848 million adjustment for recalls and $159 million for vehicles damaged in a Chinese port explosion last August.
Media General Pro Forma 3Q Rev Dips 2%
Net revenues are $322 million, with local (including retrans) up 11%, national down 1% and digital up 3%, according to accounting that includes LIN Media stations acquired late last year. Core local and national spot combined was up 4% with the largest category, auto, up 7%. “We believe we are well-positioned for a great 2016 as we capitalize on our scale, political footprint and the popularity of live events, such as the Summer Olympics on our 14 NBC stations,” says CEO Vince Sadusky.
How did pay TV distributors including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers, online video providers and technology companies, perform in 2015’s third quarter? Here’s an earnings summary for the biggest cable industry players.
Graham 3Q TV Revenue Grows 3%
The gain to $89.7 million is pegged to higher retransmission consent revenue plus increased ad sales, including automotive.
21st Century Fox TV Revenue Finishes Flat
Higher retransmission consent revenue couldn’t quite counterbalance lower advertising and political money.
Sinclair 3Q Revenue Grows 11%
The increase to $497.4 million is driven by strong advertising and a 34% increase in digital revenue.
CBS Stations Revenue Dips 7% In 3rd Quarter
The decline is due to lower political ad money and fewer sporting events. On the positive side, retransmission consent and reverse compensation “were up 50% in the third quarter and are well on their way to exceeding $1 billion next year,” said CEO Les Moonves.
Discovery Surpasses Earnings Expectations
Nexstar 3Q Rev Sets Record With 43% Gain
It rises 42.6% to $224.9 million and drives operating income of $48.3 million, up 16%; adjusted EBITDA of $73.1 million, up 27%; and free cash flow of $46.2 million up 19%.
This week, as media giants including Disney, 21st Century Fox and Time Warner are scheduled to report quarterly earnings, the short-term outlook for the industry appears brighter. But while the sky has not fallen yet, questions about the long-term future of the industry remain pressing. Investors are looking for media executives to show how they are adapting for survival.
Gray Reports 3Q Record Revenue, Retrans
Revenue tops $151 million, driven by increased local and national sales, retrans and station acquisitions. Net income is $6.6 million. Retrans grows to $39.3 million. Excluding the acquired stations, revenue grew 2%, to $155.1 million.
Samsung Profit Rises On Record Semiconductor Earnings
SEOUL, South Korea (AP) — Samsung Electronics Co. reported its first earnings growth in more than a year on Thursday as a record profit from computer chips masked a decline […]
Growth to $126 million was driven primarily by the addition of WALA Mobile, Ala.-Pensacola, Fla., and WGGB Springfield, Mass., and higher retransmission consent fees. Non-political advertising revenues increased 12%.
GoPro Sees Shares Tumble Out Of Focus
Scandal Hurts Volkswagen 3Q, But Sales OK
Market analysts expected a quarterly loss, the company’s first in over a decade. The €1.67 billion ($1.83 billion) loss was, in fact, not as bad as analysts’ expectations of a loss of €2.11 billion due to the company’s rigged U.S. diesel emissions tests. Sales revenue rose 5.3% to €51.5 billion.
Fiat Chrysler Falls To 3Q Loss Over Recalls
Fiat Chrysler increased by €761 million the estimated cost of future recalls in the United States and Canada after revising its actuarial method. The mass-market carmaker, which is spinning off its sports car unit Ferrari, said today the quarterly loss of €306 million ($339 million) compared with a net profit of €174 million for the same period last year.
Univision’s 3Q Revenue Climbs 10%
Spanish-language media giant Univision Communications reported improved financials in its fiscal third quarter, including 10% higher revenue compared with the year-earlier period. The privately held media company has been preparing for its long-awaited public stock offering.
Truck Sales Drive Up Ford’s 3Q Earnings
Ford earned $2.7 billion in North America, up 89% from a year ago, largely on higher sales of its new F-150 pickup truck. Ford introduced the aluminum-sided truck last fall but didn’t reach full production at its two U.S. factories until June. The results were the strongest indication yet that Ford’s risky decision to remake its best-selling vehicle as a lighter aluminum model is paying off.
NBC Broadcast TV Revenue Up 11% In 3Q
The increase to $2 billion was generated by higher retransmission consent fees, ad revenue as well as money from content licensing.
Nielsen Nails 3Q Profit Forecasts, Just Shy On Rev
Tegna 3Q Broadcast Revenue Dips 2.4%
The decrease at the former Gannett station group to $416.5 million comes from lower political revenue that strong retrans and digital increases couldn’t quite offset.
SEOUL, South Korea (AP) — Samsung Electronics announced a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales […]
Evertz Fiscal 1Q Revenue Down 16%
Tribune TV-Entertainment 2Q Rev Up 4.4%
Core advertising grew by $7.1 million, or 2.3%. Retrans money grew 23%, to $57.1 million.
Scripps 2Q TV Revenue Up 2.7%
The gain to $167 million is aided by higher retransmission revenue and offset somewhat by an increase in network compensation tied to the renegotiation of the ABC affiliation agreements for 10 stations.
The drop to $36.4 million is due to a lack of political and World Cup advertising that help boost the quarter in 2014.
Media General Pro Forma 2Q Rev Up 1%
Net revenues rise to $321 million, with local up 9%, national down 2% and digital down 13%.
Nexstar Posts Record 2Q Net Revenue
It rises 50.6% to $221.3 million and drives record 2Q operating income of $52.5 million, up 50.4%; adjusted EBITDA of $74.9 million, up 51%; and free cash flow of $50.1 million up 64.8%.
Media companies and distributors indicated that more people are cutting the cord and ditching pricey channel packages. Meanwhile, media company executives did damage control, putting a positive spin on the prospect of selling individual channels online.
21st Century Fox TV Revenue Falls 4.3%
Higher retransmission consent revenue couldn’t counterbalance lower advertising revenues and higher sports programming costs principally from the U.S. Open Golf Championship and FIFA Women’s World Cup events.