Latest in Earnings

UPDATED with closing stock price. Netflix shares dropped more than 10% Thursday, on heavy trading volume, as Wall Street analysts and investors took full measure of the streaming giant’s second-quarter subscriber buffering. In the wake of Wednesday’s significant undershooting of its own estimates for subscriber…

In a video conference call to discuss Netflix’s decidedly mixed second-quarter results, Chief Content Officer Ted Sarandos hit on several hot topics, including viewership data, film talent deals and HBO’s record-setting Emmy haul. Appearing alongside CEO Reed Hastings other members of the streaming giant’s management…

Netflix undershot its own guidance for net added subscriptions in the second quarter, blaming its content slate and other variables rather than new competition or U.S. price hikes. It delivered 2.7 million new subscribers, well short of its own forecast for 5 million and the 5.5 million it added in the same period of…

Netflix will report its second-quarter results Wednesday during a period of dramatic change in the streaming sector, as bulls and bears marshal evidence for their contrasting views of the company’s future. Believers in the long-term viability of Netflix point to its global footprint and programming juggernaut, with…

When other forms of comedy fail—and they've failed a lot lately, with the box-office splat of films like Booksmart and Long Shot—the New York Times subscription blitz is usually good for a stray laugh. At least 41 times since March 19 (and I probably missed some), the Paper of Record has peppered my in-box with…

Another day, another win for Jeopardy! savant James Holzhauer, as the professional sports gambler is now just $58,484 away from the game show’s record for earnings. Holzhauer won again on Friday, adding $79,663 to his winnings in a run that has captivated the nation. He now has won $2,462,216 and has victories in 32…

UPDATED with closing price, additional analyst comment: Lionsgate’s stock, which has dropped nearly 40% in the past year, fell nearly 7% Friday in the wake of a disappointing fourth-quarter earnings report and questions about the company’s plan to invest in the global rollout of Starz. Shares finished at $14.89, which…

Lionsgate reported fourth-quarter estimates below Wall Street analysts’ expectations after the close of trading Thursday. Revenue of $913.7 million in the period ending March 31 dropped 12% from $1.04 billion in the year-earlier quarter, falling short of the Street estimate of $949.4 million. Adjusted earnings per…

Proceeds from retransmission consent drove a 3% increase in revenue for Tribune Media in the first quarter, but the company also saw a 3% gain in expenses due to higher network affiliate fees. The quarterly report is likely one of its last as a stand-alone company. Nexstar Media’s pending $4.1 billion acquisition of…

Viacom delivered a mixed second-quarter financial report Friday, with earnings of 93 cents a share handily beating Wall Street forecasts, but revenue missing targets due to a downturn in domestic advertising. Total revenue of $2.96 billion declined from $3.15 billion in the year-ago quarter, falling short of the…

Disney CEO Bob Iger and CFO Christine McCarthy took on a range of topics during the company’s second-quarter earnings conference call with Wall Street analysts Wednesday after the company reported strong results. Among the notable takeaways from the call were Iger asserting a cautious approach to Hulu — of which…

Roku, a key enabler of the streaming revolution, reported strong first-quarter results that sent its stock surging in after-hours trading. Revenue of $206.7 million handily beat Wall Street forecasts of $192 million. On an adjusted basis, EBITDA swung to $10 million from a loss of $800,000 in the year-ago…