Latest in Earnings

ProSiebenSat.1 Media has kicked the financial year off in a positive way after posting first quarter earnings up 35%. The Unterföhring-based TV and streaming giant made Q1 earnings before interest, tax, depreciation and amortization of €72M ($77.7M), a significant boost on the start of the company’s…

Sony Pictures Entertainment has seen operating income fall nearly 10% for the fiscal year ended March 31, 2024. The company’s operating income was $808M in dollar terms compared with $894M for the comparable period a year before, which was down 9.6%. Revenues crept up to $10.31B from $10.14B for…

AMC Networks fell short of Wall Street analysts’ forecasts with a set of first-quarter financial results reflecting the company’s ongoing struggles with advertising. Revenue fell 17% from the year-ago quarter to $596 million, though the company noted that excluding nonrecurring revenues related to S…

With Paramount Global and its assets currently in play, Nexstar CEO Perry Sook was asked on a call today if the nation's biggest broadcast might look at CBS stations. "Obviously, given our station footprint, the digestion of CBS station assets would be a tough nut, particularly under this regulatory…

Warner Bros. Discovery CEO David Zaslav said the forthcoming bundle of WBD’s Max and Disney’s Hulu and Disney+, marks a “moment” for programmers in the streaming wars. “It does feel like this is a moment,” Zaslav said, “in terms of what the next year, two years, will bring.” A “restructuring” is…

UPDATED with working title, film details: The first of two new LOTR films at Warner — working title Lord of the Rings: The Hunt for Gollum — will be directed by and star Andy Serkis (Venom: Let There Be Carnage, Mowgli: Legend of the Jungle), with Fran Walsh and Philippa Boyens set to write the…

Endeavor Group Holdings posted a 16% increase in total revenue in the first quarter thanks to the WWE-UFC merger, though the company’s divisions outside of Owned Sports Properties each saw downturns. Total revenue came in at $1.85 billion, with the rise from a year ago largely due to the influx from…

A year ago, Warner Bros. Discovery was raking in cash from astonishing sales of Hogwarts Legacy, the game launched in February of 2023 that had sold more than 12 million units and hit $850 million in global sales in its first two weeks. CEO David Zaslav said then that games were key to the merged…

UK network ITV has posted Q1 revenues down 7%, as its studios division felt the impact of last year’s Hollywood labor strikes. The commercial broadcaster’s total revenue was £887M ($1.1B), compared with £952M in 2023, with a recovery in the ad market offset by a 16% dip at ITV Studios. The Media…

AMC Entertainment's biggest issue right now may be its $4.5 billion debt and the fact that most comes due in 2026. On a conference call post-earning today, CEO Adam Aron addressed it publicly for the first time, assuring investors the giant theater chain has been working with lenders for almost a year to…

TKO Group Holdings posted better-than-anticipated revenue but saw a March antitrust settlement with UFC fighters squeeze its bottom line. The company, formed through the merger of WWE and UFC last September, is run by Endeavor Group Holdings. Endeavor recently unveiled a plan to go private, which…

Fox Corp. saw revenue dip for its fiscal third quarter as advertising slid on tough comps with the Super Bowl broadcast the year earlier. Sales of $3.45B, in line with Wall Street expectations, compared with $4.1 billion. Net income for the March quarter soared to $704 million vs a $50 million loss…