Latest in Second Quarter Earnings

UPDATED: Nexstar, the largest TV station group, got a boost from midterm political ad spending as well as a rise in distribution and digital revenue in the second quarter. The company reported net income of $226.5 million, a rise of 13.4%, in the period ended June 30. Revenue rose to $1.25 billion, up 10%, from the…

Charter Communications followed Comcast’s uneven financial report on Thursday with its own mixed batch of results, which featured an unusual decline in broadband subscribers but also key metrics above Wall Street expectations. Revenue increased 6% to $13.6 billion, edging Wall Street analysts…

Roku delivered second-quarter result well below Wall Street’s expectations, blaming a slowdown in TV advertising amid economic uncertainty. The streaming giant said it lost 82 cents a share, compared with a profit of 52 cents in the year-earlier period and posted revenue of $764 million, up 18%…

Amazon swung to a net loss of 20 cents in the second quarter compared with earnings of 76 cents in the year-ago period, but revenue rose a better-than-expected 7% to $121.2 billion. Investors rewarded the beleaguered stock of the tech giant in after-hours trading, sending it up 11%. The markets had…

Sirius XM reported mixed earnings for the second quarter, but execs reaffirmed full-year financial guidance and pointed to forthcoming deals with emerging electric car makers and strong trends in on-demand app streaming as positive signs. Wall Street analysts had expected the audio firm to deliver…

Comcast beat Wall Street analysts’ estimates for the second quarter, delivering total revenue of $30 billion and earnings per share of $1.01. The targets were $29.75 billion and 92 cents, respectively. NBCUniversal revenue rose 19% to $9.4 billion, while adjusted EBIDTA increased almost 20% to…

UPDATED with commentary from earnings call. Facebook parent Meta Platforms reported its first quarterly drop in year-to-year revenue, with earnings per share sliding 32%, as worsening economic conditions and increased competition squeezed results. CEO Mark Zuckerberg said during an earnings call with…

Spotify CEO Daniel Ek says the “dire macro environment” of inflation and other headwinds has not slowed the company’s momentum. He delivered the comments on the company’s second-quarter earnings call. The company reported total revenue of $2.9 billion, up 23% and just ahead of Wall Street analysts’ consensus…

Alphabet, parent of Google and YouTube, undershot Wall Street analysts’ consensus forecasts for the second quarter, reporting $69.7 billion in revenue and earnings per share of $1.21. While the miss wasn’t by much — the Street expected revenue of $70 billion and earnings of $1.31 — the quarter also marked the…

In its first full quarter of results, TelevisaUnivision reported a modest uptick in revenue and reiterated its belief in having a unique market opportunity, though its adjusted income faltered due to investments in streaming. The earnings report reflected operations during the quarter ending June 30. On January 31…

Mattel delivered second-quarter results above Wall Street analysts’ expectations, overcoming a number of adverse trends in the global economy. Revenue rose 20% from a year ago to $1.236 billion. Earnings per share grew to 18 cents on an adjusted basis, a big improvement from 3 cents in the year-earlier quarter…

AT&T on Thursday reported solid results for its final quarter of full ownership of WarnerMedia, but its stock plunged after the company lowered its outlook for full-year free cash flow. Excluding items, AT&T posted earnings per share of 65 cents in the quarter ending June 30, beating Wall Street analysts’ consensus…