Earnings season can be a bit boring. Not this time.
The latest round stood out because several tech and media giants — including Disney, Amazon and Alphabet, Google’s parent company — shared surprising updates about their businesses. Other companies raised eyebrows for what they didn’t share.
“As competition increases in the streaming space, companies are revealing more behind their successes and/or losses that may have been more vague in the past,” Sarah Henschel, an analyst with IHS Markit, said. “With more [entering] the streaming game, companies have to be transparent in order to succeed and find support from their investors.”