Latest in fourth quarter earnings

UPDATED with closing price. After Netflix reported better-than-expected subscriber growth and marked a key financial milestone, the company’s shares surged 17% amid a wave of euphoric sentiment from Wall Street analysts. Upgrades and increased price targets rained down on Netflix after Tuesday evening’s financial…

Netflix executives offered some of their most extensive comments to date on Disney’s intensifying streaming efforts during their quarterly earnings interview. They spoke during the company’s discussion of results, which is moderated each quarter by a single Wall Street analyst and posted to YouTube, after the company r…

Netflix beat forecasts for subscriber growth and total revenue in the fourth quarter, adding 8.5 million subscribers to reach a global total of 203.7 million. The wave of new subscriptions exceeded company guidance for 6 million new customers in the fourth quarter and caps a remarkable 2020, when Netflix added about…

Netflix will report fourth-quarter earnings Tuesday afternoon, closing the book on a coronavirus-altered 2020 and setting the tone for a more competitive marketplace in 2021. The streaming leader has recently been the first entertainment company to report quarterly results, kicking off each weeks-long earnings season…

UPDATED with closing price, analyst comments. Shares in FuboTV have rebounded strongly after the streaming pay-TV bundle operator released preliminary fourth-quarter results showing more subscriber growth and better-than-expected revenue. The stock closed at $27.32, up 13% for the day, after reaching an intraday high…

Cinedigm, which has pivoted its former cinema equipment business to streaming, reported a few bright spots in its fiscal fourth quarter despite continued red ink. The company, which has built a portfolio of streaming services such as CONtv and Docurama, reported total revenue of $39.3 million in the quarter ending…

Roku beat Wall Street estimates for the fourth quarter, hitting new highs in active accounts and revenue per user, though an acquisition in the period created a loss of 13 cents per share. Total revenue hit $411.2 million, well ahead of the consensus estimate of $391.6 million and up 49% over the same quarter in 2018…

UPDATED with closing stock price. Saturday’s return of the XFL — an upstart pro football league being resurrected by pro wrestling impresario Vince McMahon — is being overshadowed by trouble at McMahon’s main company, the WWE. The wrestling and entertainment concern reported spotty fourth-quarter results Thursday…

Snapchat parent Snap Inc. swung to an adjusted profit of three cents per share in the fourth quarter, an improvement from a loss of four cents a share. Wall Street analysts had expected the company to break even. The social media company said daily active users increased 17% in the period, to 218 million, while total…

Netflix shares, which are the subject of great debate on Wall Street, rose more than 7% Thursday in the wake of a concession by Comcast earlier in the day that the media giant will continue to lose subscribers. Establishing a new six-month high, Netflix’s stock finished at $349.60 on nearly triple its normal trading…

Comcast reported earnings per share of 79 cents in the fourth quarter, edging the consensus expectation of Wall Street analysts by two cents. Total revenue of $28.4 billion in the period also came in just ahead of estimates. The Cable Communications unit led the charge for the quarter, with total revenue there rising…

Viacom reported fourth-quarter profit of 79 cents a share that beat Wall Street forecasts and Paramount Pictures returned to full-year profitability, though revenue slipped 1% to barely undershoot estimates. Revenue came in at $3.4 billion for the quarter, down from $3.5 billion in the year-earlier quarter. Earnings…