Earnings
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Warner Bros. Discovery Stock Plunges Over 11% After Taking $9.1 Billion Impairment Charge on Linear TV Networks
The stock briefly hit a 52-week low of $6.73 per share following its earnings results for the second quarter of 2024
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Endeavor Looks to Sell OpenBet, IMG Arena Ahead of Silver Lake’s Take-Private Deal
The company reported a net loss of $253.8 million and revenue of $1.75 billion in its second quarter of 2024
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Warner Bros. Discovery Q2 Net Loss Widens to $9.99 Billion as Company Records $11.2 Billion in Impairment, Restructuring Charges
The media giant topped 103 million direct-to-consumer subscribers, but the DTC segment posted a $107 million loss for the quarter
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The New York Times Adds 300,000 Digital Subs in Q2 as Total Revenues Rise 6% to $625 Million
Digital subscription revenues climbed 13% year-over-year to $304.5 million on strength of bundle and multi-product additions
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Disney Swings to First-Ever Combined Streaming Profit of $47 Million in Q3
The House of Mouse expects streaming profitability to further improve in Q4 after it added 200,000 Disney+ subs for a total of 153.8 million
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Fox Corporation Net Income Slips to $320 Million as Company Reports Mixed Q4 Results
The media company saw revenue of $3.09 billion, an increase of 2% compared to 2023, just missing Wall Street estimates
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AMC Suffers $32 Million Loss Amid Q2 Box Office Slump
Revenue falls 23% year-over-year to $1.03 billion, but “Inside Out 2” provides late-quarter surge for theater chain
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Cinemark Q2 Profits Drop 62% to $45.8 Million, but ‘Inside Out 2’ Helps Avoid a Loss
The Texas-based multinational chain weathered a poor box office in April and May
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Apple Reports Record Q3 Revenue of $85.8 Billion, With AI Expansion on the Horizon
The tech giant’s Services net sales, which includes Apple TV+ and Apple Music, rose 14% year-over-year to $24.2 billion
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Roku Slashes Q2 Net Loss 68% to $34 Million
Shares rose over 6% in after-hours trading as the company posted a smaller than expected loss of 24 cents per share and better than expected revenue of $968 million
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Meta’s Push Into AI Development Shows Promise With 73% Surge in Net Income
The tech giant beat Q2 estimates, reporting revenue of $39.1 billion, up 22% from 2023
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Imax Revenue Slides 9% Year-Over-Year to $89 Million Amid Q2 Box Office Slump
But the premium format company’s stock popped on another Wall Street estimates beat
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YouTube Ad Revenue Rises 13% to $8.66 Billion in Q2
Google subscriptions, platforms and devices revenue, which includes YouTube TV, Music, Premium and NFL Sunday Ticket, grew 14%
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Peacock Sheds 500,000 Subscribers, Comcast Earnings Dragged Down by Revenue Drop at Studios and Parks
The streamer has 33 million subscribers as it heads into the Olympics starting on Friday
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Spotify Sees Record Profit in Q2 Following Subscription Price Hike and Layoffs
The audio streaming giant reported revenue of €3.81 billion, up 20% year-over-year
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