Earnings
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Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers
The media conglomerate declined to take analyst questions following the departure of CEO Bob Bakish
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Roku Stock Reverses Gains After Streamer Warns Adjusted Earnings Will Moderate in 2nd Half of 2024
Shares fell over 2% despite the company beating Wall Street expectations for the first quarter of 2024 on Thursday
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Comcast Shares Tumble Over 6% Despite Earnings Beat as Company Bleeds Pay TV and Broadband Subs
Meanwhile, Peacock narrowed its streaming loss to $639 million while hitting 34 million subscribers
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Wall Street Flashes Concerns Over Meta’s Expensive Push Into AI Development
Despite beating estimates and doubling its Q1 net income to $12.37 billion, the tech company’s shares fell 16% in after-hours trading
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Spotify Shares Jump 12% as Streamer Swings to Q1 Profit
The Swedish company credited its growing list of offerings, including videos and audiobooks, for the strong results despite slowing subscriber growth
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Netflix Shares Sink 7% as Disappointing Forecast Weighs on Shares
Increased subscribers gave the streamer a nearly 15% first-quarter revenue jump, but Wall Street saw its full-year guidance as weak
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Netflix Q1 Revenue Surges 14.8% to $9.3 Billion, Driven by Boost in Subscribers, Pricing Changes
The streamer’s shares slipped as much as 5% in after-hours trading on Thursday
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Paramount Global Races to Make Streaming a Profit Center – But the Clock Is Ticking | Analysis
The scale of linear TV losses has stunned Wall Street and Paramount is running out of time to go it alone
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Taylor Swift, Beyoncé Concert Films Boost AMC Theaters Q4 Revenues as Chains Cut Losses 37% to $182 Million
CEO Adam Aron says the concert flicks delivered “literally all” of AMC’s revenue boost
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Paramount Q4 Revenue Falls 6% to $7.63 Billion, Dragged Down By 11% Decline in Ad Revenue
The media conglomerate narrowed its streaming losses to $490 million, says it expects domestic profitability in 2025
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Endeavor Q4 Revenue Grows 25% to $1.58 Billion, Boosted by Owned Sports Properties, Representation Divisions
The talent and media agency holding company continues to undergo a review of strategic alternatives as majority owner Silver Lake works towards a proposal to take it private
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Imax Revenues Fall 12% to $86 Million in Q4 on Box Office Downturn
While a lack of big blockbusters was felt, the premium movie exhibitor still reported flat earnings of 5 cents per share, as adjusted net income fell 12%
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Warner Bros. Discovery Shares Dive 13% on Q4 Results
The stock hit its lowest point since the company was created in 2022 following the disappointing report
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David Zaslav Acknowledges WB Film Studio Has ‘Really Been Underperforming,’ Hypes ‘Superman’ Reboot
Blockbuster success of “Barbie” could only do so much to offset “Aquaman” sequel and “The Color Purple”
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Tom Cruise Warner Bros. Partnership ‘Off and Running,’ David Zaslav Says
“We look forward to a long future together,” the Warner Bros. Discovery CEO added
