Latest in Earnings

Sony Pictures saw an 18% drop in second quarter profits to $299M from July-September versus the same period in 2019. However, the figures rep an increase on the first quarter's $230M which ended June 30 this year. Revenues across the division were off by $615M compared to last year while theatrical sales dropped to…

UPDATED with market close: Stocks fell sharply Monday, posting their biggest session of losses in more than two months. The DJIA fell 650 points or nearlly 2.3%. The S&P 500 and Nasdaq were off, respectively, 1.86% and 1.84%. Previously: A broad market plunge dragged showbiz shares lower Monday from big media to…

UPDATED with CEO comments. AT&T said 8.6 million customers activated their access to streaming service HBO Max in the third quarter, more than double the 4.1 million reported in the previous quarter. The company edged Wall Street analysts’ estimates overall in the quarter, with total revenue of $42.3 billion and…

John Stankey, CEO of WarnerMedia parent AT&T, said productions – with about 130 underway since last week – are up and running but "the question is, what does exhibition look like?" “That’s still one of the things we don't have great visibility on," Stankey said on an investor conference call after the telco, cable and…

SiriusXM is inching closer to a deal with star host Howard Stern, the satellite radio broadcaster's CEO said Wednesday as it reported third quarter financials with revenue flat at just over $2 billion and net income up 11% to $272 million. "Our commitment to having the best possible audio content from top talent, as…

Netflix shares slipped 6% in early trading today after the company reported a slowdown in subscriber growth and results that fell short of expectations. At about $492, the stock fell below the $500 mark for the first time since September 30. After the close of trading Tuesday, the company reported adding 2.2 million…

Netflix co-CEOs Reed Hastings and Ted Sarandos tackled a range of topical issues Tuesday as they offered context for their less-than-expected gain in subscribers during the third quarter. During their quarterly earnings interview posted to YouTube, Hastings was asked by moderator and Barclays analyst Kannan…

Netflix will offer a free trial of its full service to everyone in a country for one weekend, starting in India and going to other global territories. The streaming giant revealed the plan during its third-quarter earnings interview, which followed the release of results that undershot subscriber and earnings…

Snapchat parent Snap beat expectations for its fiscal third quarter, saying Tuesday that its daily active users rose 18% to 249 million last quarter compared with the year before. Revenue jumped 52% to nearly $679 million, and the company posted a profit of 1 cent a share. Wall Street had anticipated a loss. Snap is…

Netflix fell short of its own guidance for earnings per share and subscriber growth in the third quarter, Global subscribers totaled 195.15 million by September 30, up from 192.95 million as of June 30. The company had predicted it would add 2.5 million new subscribers, so the growth of 2.2 million was well short and…

AMC Entertainment has filed to sell 15 million shares of common stock to raise fresh cash, the second exhibition distress call today after Regal parent Cineworld of the U.K. posted a brutal results for first six months of the year. Regal is the largest circuit in the U.S., AMC the second. Exhibitors shut down in March…

Zoom Video Communications, one of the few U.S. companies to see its business skyrocket during COVID-19, posted a dizzying set of financial results for its fiscal second quarter Monday. Revenue jumped to $663.5 million in the period ending July 31, up 355% from the same stretch in 2019. One key metric — the number of…