Earnings
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Fox Corporation Ad Revenue Tumbles 20% Due to Lower Ratings, Dip in Political Advertising
The media giant beat Q2 estimates with total revenue of $4.23 billion, down 8.2% year-over-year
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New York Times Says Missed Revenue Impacted by Advertisers ‘Avoiding Some Hard News Topics’ Like Israel-Gaza War
Digital ad revenue fell 3.7% year-over-year, with five fewer days in the quarter and declines from podcasts and creative services
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Spotify Q4 Revenue Jumps as Paid Subscribers Rise 15%
The music streaming giant booked a $143 million charge related to its large-scale layoffs in December
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Meta Shares Soar 21% on Stellar Q4 Results, Dividend Payouts
The parent of Facebook and Instagram posted strong advertising results, said it is rapidly pivoting toward AI development efforts
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Amazon CEO Has ‘Increasing Conviction’ Prime Video Will Be ‘Large and Profitable Business’
The tech giant, which launched its ad-supported streaming tier this week, told Wall Street it would continue to invest in “compelling exclusive content”
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Meta Soundly Tops Q4 Revenues Estimates as Company Doubles-Down on AI Development
The tech company’s net income ballooned 201% to $14 billion from 2022 on strength of advertising gains, restructuring
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Netflix Stock Gains Outpaced Predictions So Fast, Wall Street Now Struggles With Its Value
Shares closed Monday up 17% since last week’s stellar quarterly results, leaving analysts unsure of its direction
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Why Netflix’s Earnings Victory May Not Be a Bullish Signal for the Streaming Industry | Charts
Netflix handily beat Wall Street estimates when it reported adding 13 million subscribers to end 2023. This brings the platform’s total number of subscribers to over 260 million globally. The company’s stock price rallied by more than 10% in response to the positive results. However, this might be a sign that Netflix is expanding its moat as the…
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Wells Fargo Downgrades Warner Bros. Discovery Stock on Lower Earnings Outlook, ‘Less Favorable’ M&A
Content licensing is a “double-edged sword,” say analyst Steve Cahall, who cut his price target to $12 per share
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Comcast Posts Strong Q4 Results Bolstered by Parks and Peacock, Boosts Dividend by 7%
The media conglomerate’ posted adjusted net income of $3.41 billion, or 84 cents per share
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Netflix Stock Soars 13% After Wall Street Boosts Price Targets on Strong Q4 Results
The streamer ended 2023 with over 260 million subscribers and posted higher-than-expected revenue
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Ted Sarandos Avoids Talking About Scott Stuber’s Exit, Says Studio Will Continue to Prioritize Original Films
“Fans don’t care about budgets or windows, they just want a movie they love,” the co-CEO says
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Netflix Stock Jumps 8% as Paid Sharing, Pricing Changes Drive Q4 Revenue Beat
The streamer’s net income grew to $938 million in the final quarter of 2023, a 17 times increase over 2022, after adding 13.1 million subscribers
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Hello Sunshine Profit Drops 90% Due to Strikes
The production company’s shortfall is weighing on parent Candle Media, which is seeking debt relief
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How the Major Streamers Stack Up Right Now in Subscribers and Revenue | Charts
The legacy media giants made progress narrowing losses in their streaming divisions, though Netflix continues to remain the market leader
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