Special Coverage: Media Earnings
Q2 EARNINGS:
Broadcasters, major entertainment studios report this week
Optimum revenue falls 6 percent as broadband losses continue
Optimum continued to face pressure in its traditional pay television and broadband businesses; the company’s CEO said expanding fiber will help it address certain financial woes.
Gray Media revenue rises 9 percent as political advertising surges during Q2
The company’s earnings were boosted by stronger political advertising spend and the onboarding of new TV stations that contributed to its Q2 earnings in a meaningful way.
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Stock Updates
Scripps says disputes with Comcast, DIRECTV hurt Q2 revenue
In a statement to investors, Scripps CEO Adam Symson asked for patience while the company continues to execute on a turnaround plan rooted in station deals, sports and automated production.
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Roku sees sharp increase in Q2 revenue on healthy advertising, subscription sales
The company saw strong advertising and subscription spending during the FIFA World Cup tournament and other events during Q2.
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Fox fiscal Q4 revenue juiced by World Cup interest, Tubi viewership
Separately, Fox executives said they will not be renegotiating their existing broadcast rights deal with the National Football League anytime soon.
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Sinclair revenue rises 7 percent during Q2 as political advertising surges
Sinclair saw strong momentum from political advertising uptake and viewership of the FIFA World Cup on its local Fox affiliates.
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Fubo begins to right the ship under new CEO Alisa Bowen
The company narrowed its quarterly loss and saw revenue gains in North America, its key market overall.
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Disney revenue rises 7 percent as streaming and parks profits grow
Strong interest in “Toy Story 5,” premium sports on ESPN and ABC and a new deal with TikTok were highlights of Disney’s Q3 earnings report.
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Urban One narrows Q2 loss despite revenue decline
Ongoing issues with radio and television advertising revenue, coupled with pay TV subscriber losses, impacted nearly all financial line items.
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Spotify reaches 300 million users during Q2
The streaming media company continues to market itself as a one-stop shop for all things digital audio, from premium music experiences to podcasts and audiobooks.
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Echostar swings to profit in Q2 as pay TV subscribers continue declining
Despite a drop in revenue, Dish saw a boost in its operating profit during the second quarter of the year; pay TV customers continued to cut the cord on Dish.
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SiriusXM plots turnaround through more sports, fewer discounts
SiriusXM is hoping sports fans will find its new plans attractive across programming and pricing; the company is easing off discounts to retain customers.
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AMC revenue dips as streaming growth offsets linear declines during Q2
AMC Global Media announced a five-year, $500 million Netflix licensing agreement covering all seven series and 371 episodes in “The Walking Dead” universe.
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Televisa-Univision logs domestic ad revenue dip during Q2
Telemundo’s coverage of the FIFA World Cup tournament in Spanish siphoned viewers from Univision in the United States.
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AT&T improves wireless churn in Q2, charts course toward 40 million fiber passings
The company added 432,000 postpaid phone subscribers, with phone churn improving to less than 1 percent; the company outlined plans to expand its fiber footprint.
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YouTube advertising revenue climbs to $11.1 billion during Q2
Ad revenue attributed to YouTube was up 13 percent compared to the prior year and 12 percent on a sequential basis, the report noted.
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Calix revenue rises during Q2 as broadband platform demand strengthens
Calix, a provider of software and solutions for broadband companies, saw stronger demand for its products tied to increased demand for broadband Internet across the country, with its second quarter (Q2) revenue rising as a direct result of that increased … Read more
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Netflix shares fall after mixed Q2 earnings, company to report fewer engagement metrics
Netflix continues to face intense scrutiny over perceived audience drops when hit shows face extended hiatus periods.
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Stingray grows revenue to CA $471.6 million, touts strong capitalization of TuneIn integration
Stingray’s co-founder said the company’s integration of TuneIn is progressing better than expected, and the audio platform is already generating stronger revenue because of it.
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Versant platform revenue increases during Q1, total revenue slips
Versant’s first-quarter profit fell as TV distribution and ad revenue weakened, though growth at Fandango, GolfNow and content licensing softened the decline.
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Fox rakes in nearly $4 billion in revenue during fiscal Q3
The lack of a Super Bowl event this year compared to last weighed on television revenue, but TV-related EBITDA increased during fiscal Q3.
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AMC posts Q1 loss despite double-digit streaming revenue growth
AMC Global Media’s Q1 revenue fell 2 percent as streaming gains helped offset lower affiliate and advertising revenue.
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Optimum posts wider loss during Q1, mobile grows
Optimum reported lower overall revenue during Q1 as ongoing broadband and video losses offset gains in its wireless business.
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Gray Media revenue slips in Q1 as political ad sales surge
Political advertising and core ad sales helped offset pressure from retransmission revenue and subscriber declines.
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Scripps narrows Q1 loss as local TV revenue offsets decline at national networks
The company reported $517 million in revenue and said its sports strategy, station sales and transformation plan are helping reduce leverage and reshape the business.
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Nexstar grabs $1.34 billion in revenue during Q1, CEO touts TEGNA deal
Nexstar Media Group worked to impress Wall Street by pointing to the prowess of its $6.2 billion merger with TEGNA during the company’s Q1 report on Thursday.
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Lack of NBC sports causes higher churn at Fubo during Q2
An ongoing dispute with Comcast’s NBC Universal triggered slightly higher churn across Fubo’s pay TV business during Q2.
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Paramount grows revenue 2 percent during Q1; Paramount Plus adds 2 million customers
Paramount’s streaming and studio businesses offset ongoing losses in its traditional TV media unit during Q1.
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Sinclair notes stronger political ad buys in Q1 as midterm budgets open
Sinclair reported a boost in Q1 revenue, driven largely by high sports viewership on its local TV stations that brought in sizable ad revenue.
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Roku grows platform revenue to $1.13 billion during Q1
Roku kicked off the first three months of the year with a solid start, with the streaming company growing its subscription and advertising revenue to earn more than $1 billion during Q1.
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YouTube grows Q1 ad revenue to $9.9 billion
YouTube’s growth was fueled by stronger advertising spend and a higher uptake in premium subscriptions across its streaming ecosystem.
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Televisa-Univision faces pressure from sports on rival networks
Pressure in the traditional TV ad business will grow as rival networks air premium sports events this summer, executives warned.
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