Latest in First Quarter Earnings

Smart-TV firm Vizio’s beleaguered stock perked up in after-hours trading after the company posted better-than-expected revenue in the first quarter. Losses of 6 cents a share in the quarter were a penny below Wall Street’s consensus forecast and compared with a profit of 2 cents in the year-earlier quarter. Revenue of…

Cinemark CEO Sean Gamble says a relative shortfall of new films likely will be the biggest headwind his company faces this year. "Many switched into 2023" for Covid reasons, Gamble explained during the company’s first quarter earnings call, and there is also a larger reconsideration of the theatrical window as major…

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…

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…

Meta Platforms, parent company of Facebook and Instagram, reported a mixed bag of first-quarter results, beating Wall Street expectations for earnings but falling short in total revenue. Earnings per share slipped 18% from the prior-year quarter to $2.72, but that was still well above analysts’ consensus of $2.56…

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…

Shares in Google and YouTube parent Alphabet slipped 5% in after-hours trading after the tech giant reported first quarter results below Wall Street expectations. Video subsidiary YouTube, which has been on a tear in recent quarters, posted slower growth in the period. Ad revenue on the platform increased 14% to $6.87…

In Warner Bros Discovery’s first earnings call with Wall Street analysts, CEO David Zaslav re-emphasized his plan to take a prudent approach to streaming as he guides the newly merged company. “Our goal is to maximize long-term shareholder value and asset value, not just subs,” he said. “We will not overspend to drive…

Disney’s strong quarterly numbers, especially the rebound of its theme parks to 2019 levels of revenue and operating income, propelled a 3% gain for its stock despite the gloom on Wall Street. The stock, which is a Dow component and a bellwether for consumer sentiment, finished at $152.25. It extended its rally from…

Disney CFO Christine McCarthy warned that carriage costs for pay-TV bundle Hulu + Live TV would drive an $800 million to $1 billion increase in streaming costs during the current quarter. The internet-delivered TV package now had 4.3 million subscribers, the company revealed in its fiscal first-quarter results, and…

Disney beat Wall Street expectations for earnings, revenue and streaming subscriber growth in its fiscal first quarter, sending its beleaguered shares up 7% in after-hours trading. Flagship streaming service Disney+ reached 129.8 million subscribers, 11.8 million more than at the end of the previous quarter and ahead…

Lionsgate reported results for its fiscal 2022 first quarter that cleared the expectations bar but also reflected a quarter-to-quarter subscriber slowdown at Starz. On an adjusted basis, earnings per share of 18 cents doubled Wall Street forecasts but declined from 23 cents in the same period of the prior year. Total…