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
'Gods Of Egypt': 'Selma' Director Ava DuVernay Responds To Alex Proyas & Lionsgate Apology For Lack Of Diversity - Update
Thanksgiving Box Office +12% Over 2014, Boosted By 'Mockingjay 2', 'Good Dinosaur' & 'Creed' - Sunday AM Update
Two-Time Oscar Winner Jane Fonda Back In The Hunt For 'Youth' Three Decades After Her Last Nomination
Universal Lands Hot Novel 'The Girl Before'; Ron Howard To Direct, Brian Grazer & Michael De Luca To Produce
Latest Business News
- Rupert Murdoch Tweet: Sale Of Tribune, LA Times Looking Imminent
- ‘Empire’ Online Store Launched To Swag Up Your Christmas
- Viacom CEO Philippe Dauman Says Sumner Redstone “Engaged & Attentive” In Response To Lawsuit
- NY Supreme Court Postpones Decision On Plea To Bar DraftKings And FanDuel
- ‘Bones’ EP Sues Fox Over Profit Participation, Accuses Top Execs Of Cancellation Threats
- SAG-AFTRA Executive’s Daughter Returns Home Safely – Update