media earnings

Chinese Streamer iQiyi Hails ‘Iconic Turnaround’ as Losses Reduce in Third Quarter

Gong Yu, the chairman and CEO of Chinese streaming firm iQiyi, hailed an “iconic turnaround” as he presented quarterly financial results covering the period between July and the…

Streaming Subscription Gains Drive Tencent Music’s Quarterly Rebound

Tencent Music Entertainment, China’s largest digital music business, managed to increase its profits in the July to September quarter despite “challenging macro conditions” and the continued retreat of…

Stockpiling Scripts and Scrapped Hiatuses: Hollywood Braces for Labor Strife Next Year

A bad sense of déjà vu is settling over the industry as the year winds down. Hollywood is in the throes of transition, and an economic downturn is…

Disney Ekes Out Slim Profit as Streaming Losses Grow

Walt Disney Co, said continued heavy investment in its streaming business held its profit-making ability in check during its fiscal fourth quarter, part of the media giant’s ongoing…

Nexstar Ad Sales Grow More Than 18% in Q3, Political TV Spot Revenue Up 942% Ahead of Midterms

New CW network owner Nexstar reported its third-quarter 2022 earnings Tuesday before the bell, revealing TV ad sales were up more than 18% year over year overall, while revenue from…

AMC Networks Tops 11 Million Paid Streaming Subscribers as U.S. Ad Sales Drop 10% in Q3

AMC Networks reported its third-quarter 2022 earnings Friday, revealing it hit 11.1 million paid streaming subscribers by the end of Q3, a quarter that also saw its U.S. ad sales…

Warner Bros. Discovery Q3 Weighed Down By Merger Costs, Economy

In a sort of one-two punch, Warner Bros. Discovery said the bulk of its operations in the third quarter were affected not only by significant costs related to…

HBO Max, HBO and Discovery+ Near 95 Million Combined Streaming Subscribers in Q3

Warner Bros. Discovery saw streaming subscriptions rise to nearly 95 million combined global customers across HBO, HBO Max and Discovery+ from July 1-Sept. 30, the quarter during which…

Roku Beats Q3 Estimates, Stock Plummets on Weak Outlook

Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed on 2.3 million streaming accounts to reach 65.4…

Sony Pictures Profits Slide in Second Quarter as Group Earnings Climb

Japanese electronics and entertainment group Sony saw its sales and profitability climb in the three months to end of September 2022, the second quarter of its financial year.…

Amazon Posts 15% Q3 Sales Bump but Misses Revenue Targets and Warns of Q4 Slowdown, Touts ‘Rings of Power’ Viewing

Despite inflationary headwinds Amazon pulled in a double-digit increase in third-quarter sales, which were up 15% to $127.1 billion, but still came in shy of Wall Street revenue…

Comcast Sees Continued Headwinds in Q3 Cable As NBCU Ads Drop Post-Olympics

One of the nation’s biggest media companies is navigating its way through a challenging period, when two of its main flows of revenue have started to narrow. Cable-and-entertainment…