Tag: earnings

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…

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…

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…

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…

The Trade Desk missed its revenue guidance for the first time in over eight years, causing shares to drop 27% after hours. Despite 22% revenue growth to $741 million and doubled net income, Wall Street reacted to the shortfall from…

Lionsgate had a strong Q3, slashing its losses by 80% to $21.9 million and beating Wall Street estimates with $970.5 million in revenue. The studio’s library revenue hit a record $954 million, and TV revenue surged 63%, fueled by post-strike…

Spotify reported its first full year of profitability in 2024, with revenue rising 16% year-over-year to €4.2 billion and operating income reaching €477 million. Monthly active users grew 12% to 675 million, while subscribers increased 11% to 263 million.

Comcast reported strong Q4 2024 earnings, with $31.9 billion in revenue, but its stock dropped nearly 13% due to broadband subscriber losses. Peacock saw revenue rise 28% year-over-year to $1.3 billion and significantly reduced its losses, while NBCU Studios posted…

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…