AppLovin’s shares surged 45% after reporting Q3 earnings and revenue that beat expectations, driven by its AI-powered ad engine AXON. The company reported a 39% revenue increase to $1.2 billion, surpassing estimates, and 300% growth in net income to $434.4…
TKO, parent of UFC and WWE, posted $681.2 million in Q3 revenue, boosted by content licensing and event income. While UFC saw a revenue dip from fewer events, WWE’s media rights gains offset this, supporting TKO’s reaffirmed high-end 2024 revenue…
The Wrap report reveals that major streaming companies like Netflix, Disney, and Paramount are expected to reach a record $126 billion in content investment this year, according to Ampere Analysis. This surge is largely directed towards streaming, with $40 billion…
French and Dutch authorities have raided Netflix’s offices in Paris and Amsterdam over alleged tax fraud and concealed employment. The probe focuses on Netflix's past tax practices, with European regulators increasingly scrutinizing streaming giants' tax contributions. Netflix now faces growing…
Fubo’s Q3 2024 report shows 21% revenue growth in North America to $377 million, with a 9% rise in subscribers and a 2.5% increase in ARPU. Its new Channels business aims to boost profitability through 5-20% revenue shares and reduce…
Apple's Q4 performance highlighted record services revenue, reaching $24.97 billion, a 12% increase from last year, driven by growth in paid subscriptions and expanding AI features. iPhone sales, totaling $46.22 billion, also surpassed expectations, bolstered by the new AI-enabled iPhone…
AWS reported Q3 revenue of $27.45 billion, slightly missing estimates but achieving five consecutive quarters of growth. AI revenue more than doubled year-over-year, with AWS’s operating margin reaching a record 38%. High demand is constrained by chip shortages, as AWS…
Comcast has proposed spinning off its cable TV networks, excluding NBC and Peacock, into a standalone entity, aiming to focus more on broadband and streaming growth. This move reflects Comcast’s response to industry trends, as cable networks lose profitability and…
Roku reported a record $1.062 billion in Q3 revenue, a 16% year-over-year increase driven by advertising and engagement on its platform. Alongside the earnings, Roku announced it would shift its focus from reporting streaming households and ARPU to streaming hours,…
The proposed merger between DirecTV and Dish Network faces a setback as Dish’s bondholders resist a $1.6 billion debt reduction, jeopardizing the deal’s viability. DirecTV, aiming to create a consolidated pay-TV leader, is prepared to abandon the merger if an…
