National CineMedia, which exited Chapter 11 bankruptcy last summer, drew cheers from investors Monday after an encouraging fourth-quarter earnings report. Shares in the company shot up 17% in after-market trading on the quarterly numbers, which featured a small but notable uptick in national advertising during the quarter. The dual strikes of 2023 have hampered exhibition … Read more
The singular voice of Charlie Ergen, long an outspoken figure willing to express unconventional views on the media business, fell silent Friday as he was absent for EchoStar‘s quarterly earnings call. The Dish Network parent, of which Ergen is executive chairman, reported a loss of 314,000 Dish subscribers in the quarter, leaving it with 8.53 … Read more
Fubo CEO David Gandler blasted away again at a planned sports bundle backed by Disney, Fox and Warner Bros. Discovery, calling the companies a “sports cartel” engaging in “borderline racketeering.” His comments came during a conference call with Wall Street analysts to discuss fourth-quarter results. Fubo posted strong numbers in the quarter, including 1.62 million … Read more
Taylor Swift’s Eras Tour concert-doc blockbuster drove a 50-cent increase in average ticket prices at Cinemark locations in the fourth quarter, a top exec at the movie theater circuit said. Speaking to Wall Street analysts during the company’s quarterly earnings call Friday, CFO Melissa Thomas said that in addition to being able to charge more … Read more
Roku edged Wall Street expectations for revenue and matched them on the bottom line, also reporting it hit 80 million active accounts by the end of 2023. Revenue in the fourth quarter, which ended December 31, came in at $984.4 million, better than the Street’s consensus estimate of $964.2 million. The loss of 55 cents … Read more
Hasbro fell short of Wall Street analysts’ consensus estimate for fourth-quarter earnings, blaming a 31% drop in 2023 entertainment revenue on the WGA and SAG-AFTRA strikes. The toymaker also disappointed the Street with its 2024 outlook, particularly an expected 7% to 12% drop in consumer products sales, a category that typically accounts for more than … Read more
Shares in AMC Networks dropped sharply in early trading Friday following a shaky fourth-quarter earnings report and a conference call with Wall Street analysts. The stock initially drifted down by mid-single-digits in pre-market trading after the earnings release, which revealed a 23% drop in domestic ad revenue and a 16% decline in affiliate revenue. Although … Read more
Shares in social media firm Snap Inc. plunged as much as 30% in after-hours trading following the company’s release of muted fourth-quarter results. The SnapChat parent’s numbers were roughly in line with Wall Street analysts’ expectations, making the stock movement all the more intriguing. Adjusted earnings of 8 cents a share nipped forecasts for 6 … Read more
Facebook and Instagram parent company Meta Platforms set a stock market record Friday, adding $200 billion in market value in a single trading day on the heels of a knockout earnings report. The 20% rise in the tech giant’s stock price, to an all-time high of $474.99, followed the company’s stellar fourth-quarter earnings report on … Read more
Google execs are actively considering an international expansion of pay-TV service YouTube TV, Chief Business Officer Philipp Schindler said during the company’s fourth-quarter earnings call. “It is something we are closely looking at,” Schindler said. “There’s nothing specific I have to add at this moment in time on this one.” Schindler and CEO Sundar Pichai … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/23926022/acastro_STK048_01.jpg)
