Media news

The Walt Disney Company (NYSE: DIS) reported its financial results for the fiscal first quarter on Thursday that topped analysts’ estimates for earnings and revenue. The company reported a sharp increase in its paid streaming subscribers in Q1. Disney shares were reported roughly 1% up in extended trading…

Spotify Technology S.A. (NYSE: SPOT) said on Wednesday that its revenue in the fiscal fourth quarter came in better than expected. Its loss in Q4, however, remained wider than what analysts had anticipated. Spotify also gave dovish guidance for the first quarter on Wednesday. The NYSE-listed shares of…

Comcast Corp. (NASDAQ: CMCSA) reported its financial results for the fiscal fourth quarter on Thursday that came in better than what analysts had anticipated. The company also expressed confidence that its share repurchase programme will resume by the end of the year. Comcast’s board approved a 9% increase in…

AT&T Inc. (NYSE: T) reported its financial results for the fiscal fourth quarter on Wednesday that topped analysts’ estimate for profit and revenue. The company attributed its hawkish performance primarily to robust demand for HBO Max and its post-paid services in recent months. AT&T shares were reported about…

Shares of Netflix Inc (NASDAQ: NFLX) skyrocketed to a new all-time high Wednesday morning and the 15% gain as investors had plenty to cheer from its Q4 report. But according to CFRA analyst Tuna Amobi, the “biggest takeaway” from the earnings release makes it clear the company can self-finance…

Netflix Inc. (NASDAQ: NFLX) said on Tuesday that 8.5 million new subscribers signed-up for its streaming service in the fiscal fourth quarter – taking the total to over 200 million for the 1st time in history. As per the Los Gatos-based company, new sign-ups from the United States and…

In an announcement on Monday, Peloton Interactive Inc. (NASDAQ: PTON) said it will acquire Precor for £314.65 million – a move that will ramp up its manufacturing capacity in the United States and expand its footprint in fitness products. Peloton shares jumped roughly 10% in premarket trading on Tuesday…

Shares of Roku Inc (NASDAQ: ROKU) hit a fresh all-time high of $352.12 Thursday morning after the streaming video company confirmed it reached an agreement with media behemoth HBO. HBO coming to Roku Roku along with HBO and its parent company WarnerMedia said in a Wednesday afternoon press release…

Social media behemoth Facebook, Inc. (NASDAQ: FB) is adding yet another company to its business as it agreed to buy the startup Kustomer for a little more than $1 billion. Who is Kustomer? Kustomer is an omnichannel client relationship management (CRM) platform that helps businesses automate repetitive tasks, Facebook…

In an announcement on Wednesday, the Walt Disney Company (NYSE: DIS) said it will slash its workforce by 32 thousand jobs as the ongoing COVID-19 crisis continues to wreak havoc on its business. The company said the lay off will primarily affect workers at its theme parks where foot…

Warner Music Group Corp. (NASDAQ: WMG) reported its financial results on Monday that highlighted a 0.2% year over year growth in its fourth-quarter revenue. On a constant currency basis, total revenue was down by 1.1%. Warner Music said that its net income in the fourth quarter printed at £750 thousand.

In an announcement on Monday, Daily Mail & General Trust plc (LON: DMGT) said that its pre-tax profit in fiscal 2020 was 50% lower than last year due to the ongoing Coronavirus pandemic that has so far infected more than 1.5 million people in the United Kingdom and caused…

The Walt Disney Company (NYSE: DIS) reported a sharp increase in subscribers for its streaming service in the fiscal fourth quarter. Disney also said that its revenue was better than expected in Q4. But officials said on Thursday that Disneyland was likely to remain closed for the public…

DISH Network Corp. (NASDAQ: DISH) said on Friday that its profit and revenue in the fiscal third quarter came in significantly better than expected. In an announcement earlier this week, the U.S. company said it had partnered with Intel for 5G buildout. DISH opened about 7% up in…

Comcast Corp. (NASDAQ: CMCSA) said on Thursday that its revenue from all three business segments came in higher than expected in the fiscal third quarter. The American telecommunications conglomerate had also topped Wall Street estimates in the prior quarter (Q2). Cable communications and high-speed internet, Comcast said, added…

The film and movie industry is poised to end 2020 on a disappointing note after multiple highly anticipated releases were postponed. On Thursday, expectations for an industry-wide rebound in 2021 were called into doubt after AT&T Inc. (NYSE: T) CEO John Stankey said he is “not optimistic.” ‘Tenet’ not…

Netflix Inc. (NASDAQ: NFLX) said on Tuesday that new subscribers in the fiscal third quarter were significantly less than expected as it reported earnings that missed expectations. Analyst Heath Terry of Goldman Sachs had raised his price target on Netflix stock last week. Shares of the company…

The Walt Disney Company (NYSE: DIS) expressed plans of cutting its workforce by 28 thousand jobs on Tuesday. The layoff, it added, will primarily affect theme parks in the United States where COVID-19 continues to weigh on visitor numbers. Disneyland California is still closed for the public. The Walt…

In an announcement on Monday, Reach plc (LON: RCH) said that digital advertising showed evident signs of recovery in the fiscal third quarter. Consequently, it said that its revenue in Q3 posted an annualised decline of only 15% as compared to a much broader 27.5% decline in revenue in…

Shares of Comcast Corporation (NASDAQ: CMCSA) gained more than 3% on Tuesday after notable activist investor Trian Fund Management bought a relatively small stake in the media giant, The Wall Street Journal reported Monday evening. Undervalued thesis Trian bought $900 million worth of Comcast’s stock recently, giving it…

Sources confirmed on Monday that ByteDance had picked Oracle Corporation (NYSE: ORCL) over Microsoft as a partner to save the U.S. arm of its Chinese video-sharing social networking service, TikTok, amidst the rising tensions between the two largest economies of the world. Oracle’s stock remained flat in premarket trading…

Peloton Interactive Inc (NASDAQ: PTON) publish its financial results on Thursday after the bell that highlighted an unprecedented 172% increase in sales in the fiscal fourth quarter. The company said that its high-tech treadmill and stationary bike were greatly in demand in recent months as COVID-19 restricted people to…