Earnings
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Disney Takes Top Position in Race to Make Streaming Work | Earnings Analysis
Other competitors also made progress in earnings quarter but are not closing the gap as fast to offset dying cable TV
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Business
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Disney Swings to Streaming Profit of $321 Million in Q4, $134 Million for 2024
The company touted one of its best quarters for its film studio, but results were weighed down by its entertainment linear networks and lower profits in sports and Experiences
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Spotify’s Q3 Profit Quadruples as Streamer Tops 250 Million Subscribers
The music streaming giant boosted subscribers by 12%, or 6 million, to hit 252 million during the quarter.
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Media
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EchoStar Sheds 43,000 Pay TV Subscribers, Adds 145,000 Sling TV Subscriptions in Q3
The Dish parent has entered into an agreement to sell the satellite TV giant to rival DirecTV in a deal for $1 and $9.75 billion in debt
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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News Corp. Profits More Than Double to $144 Million Behind Strong Q1 Subscription Growth
The Murdoch-led media company reported 5.9 million Dow Jones subscribers, up 11%
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Media
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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News
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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AMC Theatres Revenue Slides 5% Despite ‘Deadpool 3’ Boost
The theater chain posted its second-highest EBITDA ever in Q3 and narrowed losses to 6 cents per share
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New York Times Adds 260,000 Digital Subs, Boosts Profits by 19.6%
The media company spent another $4.6 million on litigation related to its suit against Microsoft and Open AI over copyright infringement
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News
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Political Ads Drive Fox Revenue to 11% Increase
The continued growth of Tubi and Fox Sports’ “Summer of Soccer” also contributed to the year-over-year jump
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Apple’s Profit Drops 36% as Tech Giant Pays $10 Billion to Resolve European Tax Issue
Despite the one-time charge, the iPhone maker reported a Q4 record of $94.9 billion in sales
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Tech
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