E. W. Scripps Company reported $2.5 billion in revenue for 2024, reflecting nearly 9% growth. The company delayed its Q4 and full-year earnings report to finalize a refinancing deal covering 70% of its debt, including a $1.3 billion restructuring and…
Universal Music Group reported a 6.5% revenue increase in 2024 to $12.8 billion, with subscription revenue up 8.2% despite a 5.1% drop in streaming revenue. Cost-cutting through layoffs boosted profits, with adjusted EBITDA rising 13.8% to $2.88 billion. UMG emphasized…
For the first time, streaming revenue in Europe has overtaken public service broadcasting (PSB), hitting €38.4 billion ($40.3 billion) by 2029, while PSB revenue stagnates at €27.9 billion ($29.3 billion). With Netflix, Disney+, and Amazon driving growth through price hikes…
The Wrap compares how major streamers stack up in subscribers and revenue, highlighting Netflix’s dominance with 301.63 million subscribers—well ahead of Disney+ (203.8M), Warner Bros. Discovery (116.9M), Paramount+ (77.5M), and Peacock (36M). Netflix also leads in ARPU at $17.26 in…
Fubo’s Q4 revenue rose 8% to $433.8 million, while net losses per share narrowed to 2 cents. Subscribers hit 1.7 million but are expected to decline in Q1 due to a TelevisaUnivision dispute. Shares fell 20% after the report. CEO…
Warner Bros. Discovery’s streaming unit posted a $409 million quarterly profit, a sharp turnaround from last year, while total subscribers hit 116.9 million—including HBO cable users. Meanwhile, linear networks saw a 5% revenue drop, with ad revenue plunging 17%. Despite…
EchoStar’s pay-TV business continues to decline, with Sling TV losing 50,000 subscribers and Dish Network dropping 200,000 in Q4 2024. However, the company exceeded earnings expectations, strengthened its cash reserves to $5.7 billion, and improved free cash flow by $500…
TKO Group exceeded Q4 expectations despite a 10% WWE revenue drop after Raw moved from USA Network to Netflix. UFC offset losses with a 22% revenue increase. Total revenue rose 5% to $642.2 million, swinging to earnings of $0.28 per…
TelevisaUnivision’s ViX just pulled off its second straight profitable quarter, showing that Spanish-language streaming can be both viable and profitable. U.S. revenue grew 2% in Q4 2024 to $835.5 million, thanks to a boost from subscriptions and a $70 million…
