AMC Networks reported a 600,000 increase in SVOD subscribers in Q2 2024, reaching a total of 11.6 million across platforms like AMC+, Acorn TV, and Shudder. Streaming revenue grew 9% to $150 million, while overall subscription revenue, including linear TV,…
Lionsgate reported first-quarter fiscal 2025 revenue of $834.7 million, an 8% decline year-over-year, with a net loss of $59.4 million. The Studio Business saw a 5.9% revenue drop, with the Motion Picture segment revenue down 15% but profit up 24%.…
News Corp. reported a 6% revenue increase year-over-year to $2.58 billion in Q4 fiscal 2024, with a net income of $71 million, reversing a net loss from the previous year. Growth was driven by digital real estate services, book publishing,…
Warner Bros. Discovery shares dropped over 11% following a disappointing Q2 2024 earnings report, which revealed a $10 billion net loss, including a $9.1 billion impairment charge related to its networks segment. The company cited ongoing challenges in the U.S.…
TKO Group Holdings reported record Q2 2024 revenue of $851.2 million and net income of $150.7 million, driven by media rights, sponsorships, and live events. The company raised its full-year guidance, expecting revenue up to $2.745 billion. WWE revenue grew…
Vizio reported Q2 net revenue of $437.3 million, up 11% year-over-year, with gross profit rising 16% to $99.5 million. Platform+ revenue increased 19% to $169.4 million, and SmartCast ARPU grew 16% to $35.39. The company reached 18.8 million SmartCast active…
Warner Bros. Discovery is taking a $9 billion non-cash impairment charge due to declining advertising and sports rights renewals, particularly losing the NBA package to Amazon. Additionally, WBD reported $2.1 billion in pre-tax acquisition-related expenses. Despite these challenges, WBD saw…
Disney's fiscal third-quarter earnings surpassed expectations with adjusted earnings per share of $1.39 (vs. $1.19 expected) and revenue of $23.16 billion (vs. $23.07 billion expected). The company's streaming services turned a profit earlier than anticipated, posting $47 million in operating…
Disney and Pixar's "Inside Out 2" introduces new Emotions in Riley's mind and releases on June 14, 2024. Disney's streaming services posted a $47 million quarterly profit, a significant turnaround from a $512 million loss last year. Box office hits…
Disney now fully owns Hulu after buying NBCUniversal's 33% stake in December 2023 for $8.6 billion. NBCUniversal argues Hulu's value is higher, leading to arbitration. A third appraiser will determine the final payment, potentially up to $5 billion more, in…
