Latest in Earnings

Newly merged ViacomCBS is having a really bad day. The stock tanked, and is still down more than 17%, after disappointing quarterly earnings and a barrage of questions from Wall Street entertainment analysts – answers to which they clearly did not find reassuring. The inquiries themselves were unusually anxious…

UPDATED with stock drop: Viacom share have plunged after quarterly numbers and a call with analysts. The stock is down almost 15% in morning trade to $29.99. Wall Street clearly wasn’t comfortable all that comfortable with the elements of a turnaround outlined by CEO Bob Bakish. He had asked the street to disregard…

UPDATED with details from call: Imax CEO Rich Gelfond said he expects to see a surge in moviegoing in China as people want to get out and about once the coronovirus in controlled. It’s what happened in 2003 after the SARS epidemic, he noted on a conference call with investors Wednesday to discuss quarterly…

Updated with comments from conference call: Dish Network chief Charlie Ergen said he thinks it's inevitable that Dish will ultimate merge with rival DirecTV as pay TV is eroded by cord cutting and other pressures. It seems likely "that those two should get together because the growth in TV is not coming from linear,"…

U.S. stock dipped Tuesday after Apple warned it wouldn’t hit sales forecasts for the current quarter as the deadly coronavirus is impeding production and sales in China. Apple has been trading down about 2.3% for most of the session and the Dow Jones Industrial Average lost more than 200 points. It’s not a massive…

Apple, which sounded an alarm bell on China in late January, acknowledged Monday the situation had precipitated more quickly than anticipated and it wouldn’t meet revenue forecasts it made then as the coronavirus decimates production and demand for its products in the key nation. “Our quarterly guidance issued on…

Oops. An annual report on its way to members of the Academy of Motion Picture Arts and Sciences on Thursday shows that Oscar-related revenue for the fiscal year ended June 30, 2019—that would reflect the host-free Green Book year, when the audience was up a bit—suffered a slight drop. The decline wasn't much: Just a…

Roku beat Wall Street estimates for the fourth quarter, hitting new highs in active accounts and revenue per user, though an acquisition in the period created a loss of 13 cents per share. Total revenue hit $411.2 million, well ahead of the consensus estimate of $391.6 million and up 49% over the same quarter in 2018…

The price of one kind of premium Disney theme parks’ day pass has shot above the $200 mark for the first time. The so-called one-day hopper ticket, which lets fans visit Disneyland and neighboring Disney California Adventure, now costs $209 on peak days, usually weekends, up from $199. It's part of a new five-tier…

Lionsgate reported mixed results for its fiscal third quarter, with revenue of $998.5 million comfortably exceeding Wall Street estimates but adjusted earnings of 14 cents per share undershooting forecasts for 18 cents. Like other traditional media peers, Lionsgate had sought to manage the message of taking a hit to…

UPDATED with closing stock price. Saturday’s return of the XFL — an upstart pro football league being resurrected by pro wrestling impresario Vince McMahon — is being overshadowed by trouble at McMahon’s main company, the WWE. The wrestling and entertainment concern reported spotty fourth-quarter results Thursday…

UPDATED with CEO comment on Disney+ launch, other Q4 metrics, latest stock price: Twitter early Thursday posted $1.01 billion in fourth-quarter revenue, beating Wall Street estimates in a crucial quarter that's being heavily scrutinized after some glitches in its advertising products resulted in disappointing  sales…