Latest in Earnings

Lionsgate film chief Joe Drake said the decision to skip theaters and make horror movie Antebellum a premium video-on-demand release does not mean theaters are fading from the scene. “I would love to see every one of our movies released theatrically,” the motion picture group chairman said during Lionsgate’s quarterly…

On today’s earnings call for the No. 1 financially challenged exhibitor AMC, CEO Adam Aron took the high road in not damning Disney for their recent seisimic-shifting choice to take Mulan to Disney+ instead of theaters where the streaming service is available. “You might thing I’m disappointed that Mulan is moving…

Coming off windfall global licensing sales of Mad Men last month, Lionsgate is now digging a little deeper into its library to bring Weeds to market later this year. "We're readying our next big property Weeds for syndication in the fall," Jon Feltheimer said Thursday after the company's latest earnings report was…

AMC Entertainment saw revenue plunge to $18.9 billion for the second quarter ended from in June from $1.5 billion the year before as it swung to the red, no surprise for the nation's – and world's — largest theater chain, that saw most locations shuttered completely for the entire three months. The company swung a net…

No movie theaters? No problem. Lionsgate shrugged off a 16% downturn in revenue in its fiscal first quarter to beat Wall Street estimates during the first period entirely defined by COVID-19, which has shuttered theaters, production and much else. The financial performance was driven by lower expenses, stronger home…

Adding to comments from media executives in recent days about the state of theatrical movie releases, ViacomCBS CEO Bob Bakish defended Paramount Pictures but said windows will “probably shorten.” Paramount “is an incredible asset for ViacomCBS,” Bakish told Wall Street analysts during the company’s second-quarter…

ViacomCBS absorbed a blow to its advertising business from COVID-19 in the second quarter, but managed to beat Wall Street analysts’ forecasts for adjusted earnings and clear the bar for total revenue. Earnings of 77 cents a share came up short of the consensus expectation of analysts for 93 cents, but on an adjusted…

ViacomCBS reported domestic streaming and digital video sales – which includes streaming subscription and digital video advertising revenue – rose to $489 million in the second quarter, up 25% year-on-year, driven by a 52% bump in streaming subscription revenue and robust growth at Pluto TV. Domestic pay streaming…

Roku smashed Wall Street analysts’ consensus estimate for revenue in the second quarter, reporting a jump of 42% from a year ago to $356.1 million. Analysts had expected $315.4 million. The company now has 43 million active accounts, a rise of 41% over the same period in 2019. The Roku Channel, a key part of the…

The New York Times said digital revenue exceeded print for the first time ever for the second quarter ended in June when it added 669,000 net new digital subscriptions. That included 493,000 net new subscriptions to its core news product and 176,000 to other digital products, like Cooking, Crossword and audio. It…

Discovery Inc. CEO said the company is close to announcing a broad, new direct-to-consumer service that encompass all its brands and characters, will work with distribution partners and may or may or may not include advertising. CEO David Zaslav, in a conference call post quarterly earnings, promised more details…

Discovery Inc. saw second quarter U.S. ad revenue dip 14% on lower demand stemming from COVID-19 but its portfolio of networks gained share in primetime with TLC delivering its best quarter ever, the company said Wednesday. The dip in the U.S. was also due in part to secular declines in the pay TV ecosystem and lower…