Latest in fourth quarter earnings

Is Disney suddenly giving off Netflix vibes? The media giant reported powerhouse streaming numbers in its fiscal fourth quarter, with flagship service Disney+ surging to 164.2 million global subscribers, but some key financial metrics fell short of Wall Street expectations. Total revenue of…

Endeavor Group Holdings, which went public nearly a year ago, closed 2021 with a net loss but exceeded Wall Street revenue forecasts. Losses totaled $16.7 million in the fourth quarter ending December 31, though that was more than three times narrower than the year-ago period’s $56.5 million. Adjusted earnings before…

Smart-TV maker Vizio, which had its IPO nearly a year ago, reported fourth-quarter results below Wall Street expectations, with revenue slipping 14% from the same period in 2020. The company also swung to a net loss of $10.1 million, from net income of $40.8 million, with EBITDA falling to $17.3 million from $54.4…

Dish Network, which is in the midst of a years-long shift from satellite pay-TV operator to wireless provider, met Wall Street expectations in the fourth quarter. The company said revenue came in at $4.45 billion in the period ending December 31, down slightly from $4.56 billion in the year-earlier period. Earnings…

Imax marked a significant turning point in the fourth quarter, reporting its best results in any quarter since 2019, before the coronavirus pandemic upended show business and civilization. Paced by Spider-Man: No Way Home and other strong titles, revenue soared 94% over the year-earlier period, to $108.6 million…

Undaunted by headwinds, Sinclair Broadcast Group CEO Chris Ripley reaffirmed plans to launch direct-to-consumer streaming versions of the regional sports networks controlled by the company. “We think it’s going to do great things in the future,” he said of Diamond Sports Group, the consortium-backed entity that…

Nexstar Media Group, the No. 1 owner of local TV stations in the U.S., weathered the absence of political advertising in the fourth quarter to post better-than-expected results. Total revenue of $1.245 billion in the quarter ending December 31 slid almost 10% from the same period in 2020, but it beat Wall Street…

Roku shares continued their slide after the closing bell after the streaming company issued a disappointing fourth-quarter earnings report. Shares in the company fell 10% during the regular session, closing at $144.71. They dropped another 12% in after-hours trading before recovering slightly, but staying in the…

UPDATED with stock movement: Shares in AMC Networks are down 18% in mid-day trading despite a very positive fourth-quarter report, including significant progress in its transition to streaming. Slipping below $37 a share, the stock is at its lowest point since about a month ago. At first blush, it was difficult to…

ViacomCBS missed Wall Street forecasts for earnings per share in the fourth quarter, but added a record 9.4 million streaming subscribers and smashed revenue projections. Wall Street analysts had expected earnings of 43 cents, but they came in at 26 cents on an adjusted, diluted basis compared with $1.04 in the…

Twitter posted solid fourth-quarter numbers, meeting Wall Street revenue expectations, as its daily active user base grew 13% to reach 217 million. Shares in the company gained in pre-market trading to more than $40, reversing a months-long slide, but a 7% upswing decreased to a more modest 2% lift close to the…

Spider-Man: No Way Home, which has grossed more than $1.1 billion since its release in December, helped toy maker Hasbro smash Wall Street’s fourth-quarter estimates. In the fourth quarter, ending December 26, revenue climbed 17% compared with the year-earlier period to reach $2 billion. Analysts had been expecting a…