2024 Q3 Financial Earnings
The latest reports on media and tech’s third quarter (Q3) financial earnings. The Q3 period runs from mid-October to mid-November 2024.
Disney says streaming ARPU impacted by Charter, DirecTV deals
The company saw its Disney Plus and Hulu ARPU dip 1 percent during Q4, attributed to wholesale purchase agreements with pay TV providers.
Disney streamers maintain profit during Q4, CTV ad business healthy
Domestic TV revenue attributed to ABC and other linear channels was $1.997 billion, down 5 percent compared to last year.
Dish Network sheds subscribers, but Sling TV grows during Q3
Echostar's pay television business — which is in the process of being acquired by DirecTV — ended the quarter with 8.03 million TV customers.
Gray Media confirms layoffs as part of broader expense reductions
The reductions are meant to improve Gray's financial position; executives affirmed they saw a pullback in core ad spending from some segments due to the election cycle.
Gray Media flush with political ad revenue during Q3
Gray Media saw its political advertising revenue spike during Q3, but a shift in programming coupled with the impact from two hurricanes caused it to revise its revenue forecasts for the rest of the year.
AMC Networks partners up with more third-party streaming services
After a test run with Warner Bros Discovery-owned Max last year, AMC Networks is ramping up their content distribution partnerships with other brands.
Starz price hike led to “disappointing” financial quarter for Lionsgate
Executives at Lionsgate did not attempt to sugarcoat the company's financial results for its latest financial quarter.
Distribution fees buoy Nexstar, losses at CW trimmed during Q3
Nexstar Media Group saw its overall revenue climb to a record $1.37 billion during its third financial quarter, boosted by an uptick in political ad spend and healthy distribution fees.
Political revenue offsets subscription declines at TEGNA during Q3
Healthy political advertising income helped offset an ongoing depression in subscription revenue at local broadcaster TEGNA during its third financial quarter.
Overseas growth juices subscriber gains at Warner Bros Discovery
WBD grew its streaming business by 7.5 million global subscribers during Q3; the company's CEO said he's a big believer in bundles.
Vizio platform revenue climbs to $197 million during Q3
Gross profit jumped 13 percent, buoyed by an uptick in new customers and advertising.
Sinclair sees political revenue jump 31 percent in Q3
Sinclair saw significant gains in its affiliate fee and political advertising revenues during the company's third quarter of the year.