Amazon beat Wall Street forecasts for profit and revenue in the first quarter as advertising continued to grow at a healthy clip. Net income increased to 98 cents per share on a diluted basis, up from 31 cents in the year-ago quarter. Total revenue reached $143.3 billion, up 13%. Both metrics were about 15% ahead … Read more
George Cheeks, Brian Robbins and Chris McCarthy, the Paramount Global executives chosen to occupy the Office of the CEO as a replacement for the departing Bob Bakish, sought to reassure Wall Street on Monday that they have a plan. The remarks, which took up just two minutes at the start of Paramount’s first-quarter earnings call, … Read more
Top movie theater circuit AMC Entertainment offered investors a preview of its first-quarter financial results late Friday, with key metrics coming in ahead of Wall Street expectations. The company plans to report its final quarterly numbers on May 8. Occasionally, public companies release preliminary numbers, especially those under scrutiny as AMC is during its recovery … Read more
TelevisaUnivision reported a 7% year-over-year increase in revenue due to direct-to-consumer proceeds and linear networks in Mexico, but flat domestic ad revenue dragged down overall results. Total ad revenue increased 7% to $648 million. In the U.S., though, ad revenue was flat with the prior year, with the company saying that growth in streaming was … Read more
Netflix added 9.3 million subscribers in the quarter ended March 31, reaching 269.6 million worldwide, and outperformed expectations in other key areas in its latest strong financial report. Revenue and earnings per share both handily exceeded Wall Street forecasts at $9.37 billion and $5.28, respectively. The top line was up 15% from the same quarter … Read more
Netflix Co-CEO Greg Peters says internal viewership data from before and after the implementation of paid password sharing shows the new policy has not turned off viewers, as some had initially predicted it would. The company on Thursday reported a year-over-year jump of 9.3 million subscribers in the first quarter, in part due to the … Read more
