Latest in Second Quarter Earnings

Tribune Media, a local station power soon to be acquired by Nexstar Media Group, posted mixed results for its fiscal second quarter. The company, which owns 42 local TV stations and cable network WGN America, reported revenue of $484 million in the period, a shade lower than Wall Street analysts’ consensus forecasts…

Reporting second-quarter results on the same day that sister company Viacom reported its own stellar financials, CBS set records for revenue, adjusted operating income and earnings per share. The EPS figure of $1.16 beat Wall Street estimates by three cents and revenue of $3.81 billion also cleared the bar set by…

In the first quarter of apples-to-apples financials since it closed the Scripps Networks Interactive acquisition, Discovery delivered solid advertising gains and beat Wall Street profit forecasts. The company reported total revenue in the second quarter of just shy of $2.9 billion, which met estimates. Excluding a tax…

Streaming audio giant Spotify said it added 8 million subscribers in the quarter ending June 30, undershooting its estimate of 8.5 million additions. The company, which has been moving aggressively into podcasting under Chief Content Officer Dawn Ostroff, now has 108 million paying subscribers and 232 monthly active…

Comcast said NBCUniversal’s highly anticipated entry into the streaming wars will launch in April 2020, a deadline that 500 dedicated employees are working steadily to try to meet. Executives offered the updated comments during a conference call with analysts to discuss the company’s second-quarter results, which were…

Facebook did not break stride despite agreeing Wednesday morning to pay a record $5 billion fine to the U.S. government, posting second-quarter results after the close of trading that exceeded Wall Street expectations. Earning per share came in at $1.99 a share, better than analysts’ consensus forecast of $1.88, while…

AT&T reported second-quarter financial results that met Wall Street expectations, with earnings per share of 89 cents and revenue of $45 billion. WarnerMedia revenue increased 5.5% to $8.4 billion in the quarter, with operating income rising to $2 billion from the year-earlier period. Bright spots for WarnerMedia…

Snapchat parent Snap Inc. soundly beat Wall Street’s second-quarter forecasts, reporting a loss of 6 cents a share and revenue of $388 million. Wall Street analysts had expected a loss of 10 cents a share, which was narrower than the 14 cents in the red in the same quarter a year ago. Their revenue estimate was for a…

UPDATED with closing stock price. Netflix shares dropped more than 10% Thursday, on heavy trading volume, as Wall Street analysts and investors took full measure of the streaming giant’s second-quarter subscriber buffering. In the wake of Wednesday’s significant undershooting of its own estimates for subscriber…

Disney is continuing to deliver the goods, reporting second-quarter financials substantially better than Wall Street analysts’ forecasts. Earnings per share came in at $1.61, four cents better than the consensus, while total revenue of $14.92 billion was nearly $400 million ahead of the Street’s outlook. CEO Bob Iger…

Apple posted improved results for its fiscal second quarter, with earnings per share of $2.46 per share outdoing analysts’ consensus forecast of $2.37. The company on Tuesday reported total revenue of $58 billion for the period ending March 31, also exceeding estimates for $57.5 billion. Apple stock fell 2% during the…

Continuing to put up steady results across its TV and film operations, 21st Century Fox posted a dip in earnings in its fiscal second quarter while reporting “significant progress” toward the closing of the Disney merger. Total revenue of $8.5 billion matched Wall Street’s consensus estimate, while earnings per share…