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media earnings

Ad Revenue up 13%, Short of Wall Street Expectations

by Kwame Phillips
Ad Revenue up 13%, Short of Wall Street Expectations

Ad spending on YouTube continued at grow at a double-digit clip in the second quarter of 2024, with the Alphabet-owned video platform generating advertising revenue of $8.66 billion in the …

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Comcast Q2 Upset by Shortfalls at Theme Parks, Movie Studios

by Kwame Phillips
Comcast Q2 Upset by Shortfalls at Theme Parks, Movie Studios

Comcast Corp. said it grappled with a tricky second quarter in which its traditional TV operations fared relatively well, but its movie-studio and theme-park operations did not, even as it …

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‘Grand Theft Auto 6’ Sets Fall 2025 Release, Take-Two Earnings

by Kwame Phillips
‘Grand Theft Auto 6’ Sets Fall 2025 Release, Take-Two Earnings

“Grand Theft Auto 6″ has been slated for a fall 2025 release by Rockstar Games. The news was announced Thursday when Rockstar parent company Take-Two Interactive reported its fourth-quarter and …

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Warner Bros. Discovery Q1 Earnings Miss, Max Subscribers Up

by Kwame Phillips
Warner Bros. Discovery Q1 Earnings Miss, Max Subscribers Up

Warner Bros. Discovery reported its first-quarter 2024 earnings Thursday, revealing it had reached 99.6 million paid streaming subscribers in a tough quarter for studios and networks. That’s a growth of …

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Paramount, Charter Agree on Deal Talks Extension to Avert Blackout

by Kwame Phillips
Paramount, Charter Agree on Deal Talks Extension to Avert Blackout

Paramount Global and Charter Communications agreed to extend their talks on a deal renewal, which — for now — will prevent Paramount’s networks like CBS, Comedy Central and MTV from …

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Earnings Beat Wall Street Estimates on Lift From Dune 2

by Kwame Phillips
Earnings Beat Wall Street Estimates on Lift From Dune 2

Imax fans turned up in droves to see “Dune 2” on the really big screen, helping the company cruise past analyst earnings estimates for the first quarter of 2024. Despite …

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Profits Slide at China’s Tencent in 2023

by Kwame Phillips
Profits Slide at China’s Tencent in 2023

China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118 billion), down …

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Tencent Music Profits Climb, Despite Revenue Decline

by Kwame Phillips
Tencent Music Profits Climb, Despite Revenue Decline

Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) in 2023 – despite revenues declining by 2% to $3.91 billion. …

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Sony’s Movies Music And Games Units All Grow Profits In Second Quarter

by Kwame Phillips
Sony’s Movies Music And Games Units All Grow Profits In Second Quarter

All three of Sony Group Corporation’s entertainment segments – film and TV, music and Games and network services – improved their profitability between July and September, the second quarter of …

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Record Revenue, ViX Tops 40M Monthly Users

by Kwame Phillips
Record Revenue, ViX Tops 40M Monthly Users

TelevisaUnivision powered to its highest third-quarter revenue total in the U.S. to date, up 5% year-over-year, as overall global revenue increased 11% to $1.28 billion. The Spanish-language media company also …

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