Latest in fourth quarter earnings

Disney missed Wall Street forecasts in its fiscal fourth quarter amid a slowdown in streaming, despite a swing back to profit from the depths of the Covid-bedeviled 2020 quarter. The company’s stock slipped almost 5% in after-hours trading due to the report. It had fallen a fraction during the trading day to close at…

Lionsgate, which is in the M&A spotlight after recent deals involving MGM and WarnerMedia, easily beat Wall Street expectations for its fiscal fourth quarter results. Total revenue came in at $876.4 million in the quarter ending March 31, down 7% from the year-ago period but ahead of analysts’ consensus for $809.3…

Hispanic media giant Univision Communications swung to a loss in the fourth quarter from a profit in the year ago period, as revenue inched up 4%. The privately held company reported revenue in the period of $722.9 million, up from $692.9 million and a loss from continuing operations of $39.1 million. In the same…

FuboTV ended 2020 on an upswing, reporting $105.1 million in revenue and 547,880 subscribers to its internet-delivered pay-TV bundle. The company reported a net loss of $167.8 million in the period. That figure as well as the revenue number — Fubo’s first quarter above $100 million — beat Wall Street analysts…

Despite shakiness in the overall sports economy, with declining TV ratings and event revenue due to Covid-19, DraftKings is wagering on the continued health of the sports betting business. The online gaming firm reported fourth-quarter results ahead of Wall Street forecasts, with revenue of $322 million and a loss of…

Mark Zoradi, CEO of major exhibitor Cinemark and a former longtime Disney executive, sees some familiar elements on the summer release calendar, which he sees as a potential Covid-19 recovery turning point. “The last weekend in May, in that traditional beginning of summer, you have Cruella from Disney and you have F9…

ViacomCBS topped Wall Street analysts’ expectations for its fourth-quarter results, reporting diluted earnings per share of $1.04 and total revenue of just shy of $6.9 billion. The consensus forecast by analysts was for earnings of $1.01 and revenue of $6.9 billion, up 13% and 3%, respectively, from the same quarter…

Discovery said it has passed 11 million direct-to-consumer streaming subscribers and will reach 12 million by the end of February, a gain of about 7 million subscribers since December. The parent of cable networks HGTV, TLC, Food Network and the Discovery Channel launched streaming service Discovery+ on January 4 in…

Roku continues to ride the streaming wave. The company reported fourth-quarter results ahead of Wall Street expectations as revenue shot up 58% from a year ago to just shy of $650 million. Income from operations swung from a loss of $17.4 million in the year-earlier quarter to a profit of $65.2 million, or 13 cents a…

Hasbro beat Wall Street analysts expectations, posting fourth-quarter revenue of $1.72 billion, up 4% from the year-earlier quarter. Adjusting for items, earnings reached $1.27 a share, ahead of analysts’ consensus expectation for $1.14. Gaming as a category posted a 27% rise in revenue to $561.2 million as the…

Snap Inc. stock fell in after-hours trading after the Snapchat parent gave financial guidance for the first quarter of 2021 that disappointed Wall Street. The share price decline of more than 6% came despite a stellar set of fourth-quarter results, including user growth, profit and revenue all above analysts…

Charter Communications beat Wall Street’s estimates for earnings in the fourth quarter, but the company reported a slowdown in acquiring internet and video customers. Net income of $6.05 per share nearly doubled the $3.28 of a year ago and far surpassed analysts’ consensus expectation for $4.83. Revenue essentially…