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…
Apple reported record Q3 2024 revenue of $85.8 billion, a 5% increase year-over-year, driven by strong services sales and AI integration. Net income rose to $21.5 billion, with earnings per share beating estimates. Despite a slight decline in iPhone and…
Roku's shares rose over 6% after reporting better-than-expected Q2 2024 results. The net loss narrowed to $33.95 million, with revenue increasing 14% to $968 million. Streaming households grew to 83.6 million, driving an 11% increase in platform revenue. Roku highlighted…
