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…
Crunchyroll, the Sony-backed anime streaming service, has surpassed 15 million monthly paid subscribers. This milestone highlights the growing popularity of anime, with Crunchyroll boasting the largest dedicated library of anime content, including 50,000 episodes and over 25,000 hours of series,…
Warner Bros. Discovery executives have opted against splitting the company, choosing instead to sell smaller assets like Polish broadcaster TVN and a stake in its video game division to manage $39 billion in debt. The decision follows a 67% decline…
Fox Corporation reported mixed Q4 results with revenue at $3.09 billion, slightly below expectations, and net income dropping to $320 million. Adjusted EPS exceeded estimates at 90 cents. Growth in affiliate fees was offset by flat advertising revenues. CEO Lachlan…
Fubo reported its Q2 2024 earnings, showing a subscriber base of 1.45 million in North America, a decrease of 61,000 from the previous quarter, and 1.849 million globally. Despite the seasonal decline, subscribers increased 24% year-over-year. Fubo's revenue rose 26%…
Stock markets experienced a broad-based selloff on Monday, leading to significant declines in major media and tech company stocks due to investor fears of a looming U.S. recession. By 3 p.m. ET, the Dow Jones dropped 2.7%, S&P 500 fell…
