Latest in Earnings

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…

Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+. "If the business changes,” he said during the company’s quarterly conference call with Wall Street analysts, “we believe we do have the…

UPDATED with closing stock price. Paramount Global shares dipped 1% on a day of modest gains for the broader stock market after the company reported a mixed bag of first-quarter results. The stock initially fell as much as 7% to near a 52-week low in the opening minutes of the session. Like most other shares in media…

Paramount+ added 6.8 million subscribers last quarter, as Paramount ended the period with 62 million global streaming subs, Paramount Global CEO Bob Bakish said Tuesday as the company reported Q1 2022 results. Bakish said reporting the three months “once again demonstrated the power and potential of Paramount's unique…

Big-screen pioneer Imax said Thursday that it recorded a net non-cash provision of $6.9 million, or $0.12 per share, due to an increase in reserves given the uncertainty of collecting receivables in Russia. With the Russia-Ukraine war ongoing, sanctions and boycotts underway include all major studios pulling releases…

UPDATED with exec comments. Asked about an emerging rival in streaming, a newly formed joint venture between Comcast and Charter built on the existing Flex system, Roku founder and CEO Anthony Wood said engineering talent and costs would continue to protect the company’s dominant market share. “We’ve been competing…

UPDATED with exec comments. Apple CEO Tim Cook said the company was “honored to be the stewards” of Best Picture Oscar winner CODA, adding that the trophy is one of 240 won by Apple TV+ in its two-and-a-half years of existence. CODA was an acquisition out of the Sundance Film Festival, at a record acquisition price of…

Amazon saw revenue nose up 7% to $116 billion but swung to a net loss of $3.8 billion in the first quarter. The red ink includes a $7.6 billion hit from Amazon’s investment in electric carmaker Rivian Automotive – it would have turned a profit otherwise. But investors concerned on a few fronts dinged the stock, which…

After witnessing the carnage on Wall Street after Netflix reported stalling subscriber levels, raising stark questions about the business of streaming, Comcast kept talk of NBCUniversal’s Peacock somewhat limited during its first-quarter earnings call Thursday. In contrast with the previous quarter, which was…

As it awaits the finalization of Elon Musk’s acquisition, Twitter reached 229 million users as of the end of the first quarter, with revenue and earnings per share both exceeding Wall Street estimates. Revenue rose 16% from the year-ago period to $1.2 billion. Advertising made up $1.1 billion of that. Earnings per…

Comcast began 2022 on a strong note, reporting first-quarter results ahead of Wall Street expectations on Thursday with highlights including ad revenue from Super Bowl LVI and the Beijing Olympics. Total revenue climbed 14% from the year-earlier period to $31.01 billion, while earnings per share came in at 86 cents…

Mattel handily exceeded Wall Street forecasts for the first quarter, reporting a 19% rise in total revenue to $1.041 billion and adjusted earnings per share of 6 cents. Even before the results cleared the wire after the close of the trading day, Mattel stock was surging on reports of preliminary discussions with two…