Tag: Q3 earnings

Paramount Global reported its second consecutive quarterly profit in streaming, driven by a $49 million gain and 3.5 million new subscribers for Paramount+. Overall revenue fell 6% due to declines in the TV and film segments, with linear TV profits…

Xperi reported Q3 revenues of $132.9 million, with notable growth in its pay-TV segment, reaching $81.67 million. The company nears 1 million TiVo-powered smart TVs, mostly in Europe, and anticipates reaching 2 million by year-end, when units are expected to…

Penn Entertainment’s Q3 revenue met expectations at $1.64 billion, with strong growth in its ESPN Bet segment, which saw a 24.6% revenue increase to $244.6 million. However, losses in the segment nearly doubled to $90.9 million, emphasizing the importance of…

Banijay Group reported a 3.5% decline in its entertainment and live revenue to €688.9M ($743.6M) in Q3 2024, with production revenues dropping 9.2% and distribution sales down 8.4%. However, live experience revenues surged by 127.5%. Despite declines in content sales…

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…

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,…