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Latest in First Quarter Earnings
Smart TV Firm Vizio Beats Q1 Revenue Forecast, Lifting Beleaguered Stock After Hours
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…
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By Dade Hayes
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0 Comments Comment on Smart TV Firm Vizio Beats Q1 Revenue Forecast, Lifting Beleaguered Stock After Hours
Movie Theater Rebound Is Real, But So Is Film Shortage, Cinemark CEO Sean Gamble Says After Circuit Posts Strong Q1 Results
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…
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By Dade Hayes
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Paramount Shares Wobble On Q1 Results; Wall Street Hasn’t Fully Embraced Its Streaming Story
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…
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By Dade Hayes
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Roku CEO Anthony Wood Sees Costs And Engineering Talent Protecting Company Against New Rivals Like Comcast-Charter Venture: “Streaming Is All We Do” – Update
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…
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By Dade Hayes
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Facebook Parent Meta Falls Short Of Q1 Earnings Bar, But Stock Surges On Earnings Beat
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…
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By Dade Hayes
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Mattel Posts Stellar Q1 Results Amid Talk Of Private Equity Deal; Stock Jumps 11%
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…
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By Dade Hayes
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YouTube Slowdown Hurts Alphabet Q1 Results; Earnings And Revenue Miss Send Shares Tumbling After Hours
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…
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By Dade Hayes
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Warner Bros Discovery CEO David Zaslav Talks Streaming, Upfronts & More In First Post-Merger Earnings Call: “We Will Not Overspend”
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…
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By Dade Hayes
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Disney Stock Bucks Market Downturn, Rising 3% As Wall Street Applauds Quarterly Numbers, Rebound Of Theme Parks
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…
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By Dade Hayes
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Hulu + Live TV Expenses To Boost Disney Streaming Content Spending By Up To $1B In Current Quarter; NFL And Oscars Timing Create $500M Linear Hit
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…
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By Dade Hayes
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Disney Shares Jump As Company Tops Subscriber, Earnings Expectations In Its Q1
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…
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By Dade Hayes
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Lionsgate Adjusted Earnings Beat Wall Street Expectations, But Media Networks Subscriber Levels Dip From Prior Quarter
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…
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By Dade Hayes
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