Netflix was the clear winner and Twitter an equally clear loser in what was generally a pretty good earnings season for media companies based on the market reactions to execs’ quarterly reports and commentaries. Among 25 of the biggest or most interesting companies that I track, 17 beat the overall market in the trading day after they announced their results while eight lagged. I calculated the results by looking at how much each stock rose or fell in the trading day after the company reported. Then, to reduce the effects of changes in the market, I subtracted any gains or added back any declines in the day’s movement of the benchmark Standard & Poors’ 500. The results show that Netflix was +17.4% after it exceeded analyst expectations for its revenues, profits, and domestic streaming subs in the last three months of 2013. But Twitter’s -25.4% indicates that its first earnings report was a bust as CEO Richard Costolo, faced with disappointing sub growth numbers, vowed to make the service easier for newbies to use.
Who Won Big Media’s Q4 Earnings Season?
What's Hot on Deadline
Bruce Lee-Inspired Crime Drama ‘Warrior’ From Justin Lin & 'Banshee' Co-Creator Gets Cinemax Pilot Order
Latest Business News
- ‘Rogue One: A Star Wars Story’ Toys Unwrapped Tonight Via Fanboy Short Series ‘#GoRogue’ – Watch
- Singer Chris Brown Arrested For Assault With A Deadly Weapon
- WME Vet Cliff Roberts Exiting; Will He End Up At CAA?
- Don Buchwald & Associates Expands Team With Four New Agents, Promotes Two
- Tribune Media Could Collect $240M In Deal To Sell Chicago’s Tribune Tower
- ‘Underground’ Exec Producer Mike Jackson On Challenging “Homogeneous” Hollywood & Having John Legend As A…