Latest in Earnings

ViacomCBS has joined the list of companies withdrawing financial guidance, saying the coronavirus could have a material – but as yet impossible to quantify – impact on its operations. It cited postponement of theatrical releases domestically and internationally; cancellation or rescheduling of sports events the…

Discovery is the latest big media company to withdraw financial guidance and boost its cash cushion in uncertain times, tapping $500 million of a $2.5 billion revolving credit facility to “maximize flexibility in light of the current uncertainty” surrounding the impact of the coronavirus pandemic on its…

Markets broke away from the negative stranglehold of recent weeks as the Dow Jones Industrial Average surged more than 11% or 2,100 points – its best showing since 1933. The upturn came the day after a string of losses had completely wiped out more than three years of gains. Despite the spreading coronavirus pandemic…

Twitter on Monday said it’s withdrawing its revenue and operating income guidance for the first quarter of 2020, as well as its outlook for expenses, stock-based compensation, headcount and capital expenditures for the full year. The company said its due to the growing impact of COVID-19 on the global operating and…

In a pair of filings with the SEC Thursday, Disney registered plan to raise fresh cash by selling debt securities, or notes, and outlined risks to its business from the coronavirus pandemic. "The outbreak of the novel coronavirus ("COVID-19") and measures to prevent its spread are affecting our business in a number of…

Regal Entertainment owner Cineworld Group reported solid preliminary results for the full year ended December 31, 2019 this morning in London. But focus was primarily on the potential impact from the coronavirus on the world’s second largest exhibitor. So far it has been "minimal," but the "uncertainty of the future&#8221…

Media shares and markets opened higher Tuesday after a sickening plunge the day before saw the DJIA’s worst point loss ever and a rare circuit breaker temporarily halt trading. Walt Disney joined the rally, up more than 3% in mid-morning, shrugging off a report that the conglom’s domestic parks will likely need to…

UPDATED with market close, additional details: U.S. stocks continued an historic rout Friday with the Down Jones Industrial Average closing down 356 points, or 1.38%, on a day where it gyrated wildly amidst growing global panic over the economic impact of the spreading coronavirus. The impact on the entertainment…

As coronavirus fears shutter big events left and right, Discovery executives reassured Wall Street  Thursday that all systems were still a go for the Tokyo Olympics at its pan-European broadcast subsidiary Eurosport but that the financial impact of an eventual cancellation would be minimal. The International Olympic…

Stocks took another major hit Thursday but clawed back some losses in crazy trading as a big investment bank predicted profit growth would be all but wiped out this year by the coronavirus and a report indicated the International Monetary Fund may downgrade its forecast for global growth. Goldman Sachs chief U.S…

The nation's biggest television broadcaster Nexstar Media Group Wednesday reported net income dipped 26% on a 39% jump in revenue in the fourth quarter spurred by its acquisition of Tribune Broadcasting last fall. CEO Perry Sook said the combined company is focused on slashing debt and expanding local news and…

National CineMedia stock surged 15% Friday on a strong fourth quarter numbers and an upbeat outlook for cinema advertising, including its new “lights out” and platinum spots. The stock was way outpacing a down market after the company reported Thursday net profit and sales – up, respectively 17% and 7% – that beat…