Latest in Earnings

Smart-TV firm Vizio’s beleaguered stock perked up in after-hours trading after the company posted better-than-expected revenue in the first quarter. Losses of 6 cents a share in the quarter were a penny below Wall Street’s consensus forecast and compared with a profit of 2 cents in the year-earlier quarter. Revenue of…

Endeavor sales jumped 38% to nearly $1.5 billion during the first quarter of 2022 and the company on Thursday reported net income of $518 million as talent representation and live events jumped. EPS was $1.19 for the quarter ended in March, a year after the talent agency, UFC owner and live event operator went public…

With Marvel's global juggernaut Doctor Strange missing in action in China, Disney CEO Bob Chapek called the situation there "very fluid and very complicated, both from a business standpoint and from a political standpoint.” But he noted that Doctor Strange In The Multiverse of Madness had just crossed the $500…

Walt Disney chief financial officer Christine McCarthy said Wednesday that the company could record a $350 million squeeze on operating income in the current quarter – its fiscal third — from its Hong Kong and Shanghai theme parks, tempering a bit the parks division's upbeat narrative. Hong Kong Disneyland has…

While the idea of ESPN going “over the top” as a stand-alone streaming offering has been bruited about for years, Disney CEO Bob Chapek enthused about the scenario Wednesday during the company’s quarterly earnings call, describing it as an inevitability. “It will be the ultimate fan offering,” he said during the call…

Disney beat on streaming subs but its financials missed the mark in the second quarter of 2022 due to a hefty $1.023 billion it said it “owned a customer to early terminate license agreements for film and television content delivered in previous years” it wants to use on its direct-to-consumer services. Revenue of…

Disney delivered strong streaming gains, adding nearly 8 million new subscribers to Disney+ in its fiscal second quarter. Disney+ reached a global total of 137.7 million subscribers as of the April 2 end of the quarter, up from 129.8 million in the previous quarter. The tally was up almost 20 million from six months…

Fox Corp. delivered a mix bag of financial results in its fiscal third quarter, with revenue exceeding Wall Street expectations but earnings falling short. The company also revealed a $30 million write-down on scripted programming. The media company reported total revenue of $3.46 billion in the period ending March…

UPDATE, writethru: For the fiscal year ended March 31, 2022, Sony Pictures Entertainment saw a 172% increase in operating income to 217.4 billion yen ($1.67 billion). Revenues hit 1,239 billion yen ($9.5 billion), up 55% versus the previous year. The significant jumps were primarily due to higher sales in all…

In a sign that managing 4 million retail shareholders isn't all fun and games, AMC Entertainment CEO Adam Aron said most advice het gets in voluminous social media correspondence is "well intended" but "some may be hurled at us with an intent of actually harming me or the company." It's the first time he's publicly…

Cinemark CEO Sean Gamble says a relative shortfall of new films likely will be the biggest headwind his company faces this year. "Many switched into 2023" for Covid reasons, Gamble explained during the company’s first quarter earnings call, and there is also a larger reconsideration of the theatrical window as major…

Greg Marcus said first-quarter sales for Marcus Theatres surged from a year ago; that the film slate, while improving, is still not back to where it was pre-Covid; and that while studios have committed to theatrical windows, big streamers have not despite — in his view — overwhelming arguments for cinematic…