Latest in third quarter results

Chicken Soup for the Soul Entertainment reported third-quarter results Monday that undershot Wall Street analysts’ expectations on the top or bottom line. Revenue for the parent of Crackle and other streaming services came in at $29.1 million, which was a record for the company but just shy of the consensus forecast…

UPDATED with executive comment. AMC Networks is unlikely to bid on Starz, but is “always looking at opportunities” for M&A, according to interim CEO Matt Blank. The exec made the comments during the company’s conference call with Wall Street analysts to discuss its stellar third-quarter results. Starz is poised to be…

UPDATED with executive comments. ViacomCBS cracked the $1 billion mark in streaming revenue in the third quarter, but overall results were more subdued, with total revenue rising 13% to $6.6 billion and earnings per share declining to 69 cents. The revenue number just slipped past Wall Street analysts’ expectations…

Roku stock dropped sharply in after-hours trading after the company reported third-quarter revenue that fell just short of Wall Street analysts’ consensus estimate. Revenue of $680 million missed the Street number by a bit more than $3 million. On the bottom line, though, earnings per share of 48 cents far outpaced…

Sinclair Broadcast Group CEO Chris Ripley said the company’s regional sports networks division has “ample liquidity” to keep operating and reaffirmed plans for a major streaming launch next spring. Speaking with analysts during the company’s third-quarter earnings call, Ripley said the company currently has…

Top U.S. local TV station owner Nexstar Media Group reported solid third-quarter results, with distribution and core advertising gains offsetting record 2020 political ad spending. The company’s total revenue gained 3.5% in the quarter compared with the same period a year ago, reaching $1.16 billion. Diluted earnings…

UPDATE: Charter Communications stock, which has been slumping in recent weeks, sold off further today after the company’s latest earnings report, dropping 4.5% to close at $674.60. It was the lowest closing price since May 5. Trading volume more than doubled its normal level as investors digested the quarterly…

Amazon fell short of Wall Street analysts’ estimates in the third quarter — the first with CEO Andy Jassy at the helm — amid a slowdown relative to the pandemic boom of 2020. Net income fell nearly in half compared with the year-earlier period, hitting $3.2 billion, or $6.12 per diluted share. Analysts had expected…

Comcast saw solid results in its broadband business and the return of theme parks in the third quarter, topping Wall Street forecasts. The media giant on Thursday reported total revenue in the quarter of $30.3 billion, an increase of 19% over the same period a year ago. Earnings per share of 87 cents beat analysts…

Google parent Alphabet rode continued momentum in digital advertising in the third quarter, reporting total revenue of $53.6 billion in the quarter, not counting traffic acquisition costs. Earnings per share came in at $27.99, far ahead of analysts’ consensus expectation of $23.50 and up 71% from a year ago. The…

Netflix beat forecasts for subscriber growth — its own as well as Wall Street’s — in the third quarter, adding 4.38 million to reach nearly 214 million worldwide. Revenue matched estimates for the period ending September 30, rising 16% year-over-year to $7.48 billion. On the bottom line, the company demolished…

UPDATED with closing price. Disney stock gained 1% to close at $181.08, as momentum slowed over the course of the day but still reflected the afterglow from Thursday’s earnings report. PREVIOUSLY: Disney stock entered the home stretch of the trading day up nearly 2% amid widespread cheers on Wall Street for its…