Tag: advertising revenue

SiriusXM is laying off 160 employees, about 3% of its workforce, as it refocuses on digital streaming and in-car technology amid growing competition from on-demand audio platforms. The company has struggled with slowing revenue growth, a declining self-pay subscriber base,…

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…

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…

Paramount Global’s Q4 earnings highlight streaming growth but ongoing losses. Paramount+ added 5.6 million subscribers, reaching 77.5 million, while streaming revenue hit $7.6 billion. However, cable TV—still 65% of revenue—is rapidly declining, dragging profits down. Theatrical hits Gladiator 2 and…

SiriusXM reported Q4 2024 earnings that exceeded Wall Street expectations, but its full-year revenue declined 3% to $8.7 billion due to lower subscriber fee income. The company added 149,000 self-pay subscribers in Q4 but ended the year with 296,000 fewer…

TikTok generated $8 billion in U.S. ad revenue in 2024 and $63.3 billion globally, nearly doubling YouTube’s $33.3 billion. Omdia’s María Rua Aguete revealed TikTok’s dominance alongside YouTube among U.S. users aged 18-35, with 92% of TikTok users also engaging…

Netflix positions its ad-supported business as a central pillar of its growth strategy, projecting significant expansion in streaming ad revenue. While estimates for 2025 vary—ranging from $3.2 billion to $4.24 billion—Netflix’s ad-supported memberships are growing rapidly, accounting for 50% of…

NASCAR is launching its first FAST channel, the "NASCAR Channel," on Tubi starting January 29, offering 24/7 free content, including classic races, original series, live events, and documentaries. This partnership helps NASCAR expand its audience reach, deepen fan engagement, and…

Roku has reached 90 million global streaming households, representing nearly half of U.S. broadband homes. The milestone underscores Roku’s market dominance, driven by its affordable devices, integration into smart TVs via the Roku TV program, and its rapidly growing ad-supported…

Drew Lerner highlights why owning sports media rights, as seen with ESPN and Fox, is far superior to renting. ESPN retains top-tier College Football Playoff games while sublicensing less desirable matchups to TNT at a premium, and Fox dominates Big…