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…
RSN valuations have dropped 97% in six years, from $20 billion in 2018 to $600 million, according to CNBC’s Mike Ozanian. This sharp decline, fueled by cord-cutting and the decreasing value of live local sports on cable TV, explains why…
Skip highlights Netflix’s strong Q3, adding 5 million subscribers while Netflix takes digs at rivals like Disney+ and Hulu for their bundling tactics. Netflix claims its vast content makes bundling unnecessary, despite essentially being a bundle itself with shows, films,…
Paramount Global’s "Office of the CEO," comprised of George Cheeks, Chris McCarthy, and Brian Robbins, received enhanced compensation and protections ahead of the company's merger with Skydance Media, set for 2025. The merger will create a $28 billion entity, with…
CEO Adam Symson of E.W. Scripps announced the company is winding down Scripps News and selling Bounce TV due to financial strain from the Ion acquisition and a weak advertising market. Symson outlined a strategic plan to improve financial performance,…
Paramount Global has ended its audience measurement contract with Nielsen due to disagreements over price increases, which Paramount considers unreasonable given the industry's shift toward digital and multi-platform viewing. To maintain ad tracking, Paramount plans to use alternatives like VideoAmp…
