Earnings
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Sony’s Gaming Division Drives Big Quarter, Despite Pandemic-Related Woes for Film Business
Revenue dropped 25% year-over-year for Sony Pictures, as COVID-19 continues to thwart big-budget releases from hitting theaters
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AT&T Stock Up 6% Despite $1.6 Billion COVID-19 Impact at WarnerMedia
Overall, the pandemic put a nearly $2 billion financial drag on AT&T’s third quarter
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TV
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Netflix Falls Short of Q3 Subscriber Estimates, Stock Drops 6%
Streaming giant added 2.2 million new subscribers, about 300,000 less than the company had projected
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Netflix Q3 Earnings Preview: Will Pandemic Continue to Drive Growth?
Increased AVOD adoption, declining app downloads and the “Cuties” blowback has some analysts questioning whether Netflix’s strong 2020 is set to hit a speed bump
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News
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Gamestop E-Commerce Sales Up 800% This Quarter as Net Losses Continue to Climb
GameStop’s net loss totaled $113 million as most of its stores remain closed during the pandemic
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5 Signs Big Tech Has Benefited From the Pandemic So Far
While the overall economy sputtered, giants like Facebook, Amazon gained more users and raked in more revenue
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News
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ViacomCBS Ad Sales Drop 27% in COVID Quarter, but Streaming Revenue Rises 52%
Company beats Wall Street’s earnings and revenue forecasts as Q2 theatrical revenue plummets 98%
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TV
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Roku Adds 43 Million New Accounts in Second Quarter
Roku’s Q2 revenue increases 42% annually to $356 million
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News
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Live Nation Reports $588 Million Loss for Q2 With Absence of Live Concerts
“Our expectation is that live events will return at scale in the summer of 2021,” Live Nation CEO Michael Rapino said
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News
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Zynga Surpasses Earnings Estimates, Acquires Mobile Game Developer Rollic
Developer saw its highest mobile daily active users in April and early May as players sheltered-in-place
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Culture
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New York Times’ Digital Revenue Outpaces Print for First Time Ever in Q2
Amid the coronavirus crisis, ad revenue fell 43.9% from where it was in the second quarter of 2019
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Disney World Reopening Falls Short as Parks Business Takes $3.5 Billion Hit
Disney said reopening the Orlando park didn’t generate the revenue it expected
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News
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Fox Narrowly Tops Wall Street’s Q4 Earnings Expectations Despite Pandemic
Advertising revenues dip 22% with fewer live sports and entertainment programming due to virus
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Disney Reports Loss of $4.7 Billion for Q3 as Pandemic Rocks Business
Company said its parks division took a $3.5 billion hit due to coronavirus shutdown
