Latest in Earnings

Charter CEO Chris Winfrey acknowledged the company’s Disney carriage fight contributed to a loss of 320,000 video customers during the third quarter, but said the deal that resulted from the dispute represents “a significant step forward for the video ecosystem.” Speaking during the company’s…

As it grew into a tech behemoth over its first two decades, Amazon was regarded as a sleeping giant in the digital advertising business, largely ceding the market to the duopoly of Facebook and Google. It is now very much awake, and CEO Andy Jassy believes it has “barely scraped the surface” of the…

Amazon reported third-quarter results well ahead of Wall Street forecasts, with total revenue at $143.1 billion and earnings per share of 94 cents. The revenue number, up 13% from the same period a year ago, soared past analysts’ consensus estimate of $133.4 billion. Analysts had expected EPS of 55…

Wall Street gave decidedly mixed reviews to Comcast’s third-quarter earnings report, even though the numbers beat analysts’ expectations on both the top and bottom lines. Shares in the media giant fell more than 8% to close at $39.15, in part due to investor angst over a surprising decline in…

Comcast beat Wall Street estimates for third-quarter revenue and earnings despite an 8% year-over-year drop in domestic advertising. The NBCUniversal parent reported revenue of $30.1 billion in the period ending September 30, up 1% from the same quarter of 2022. Earnings per share reached $1.08 on an…

Facebook and Instagram parent Meta blew past Wall Street expectations for the three months ended in September but said it's seeing advertising volatility in the current fourth quarter corresponding with the Israel-Hamas war. Snap, which also posted upbeat third quarter numbers yesterday, warned of t…

Mattel beat Wall Street expectations in the third quarter for revenue and adjusted earnings per share, thanks in large part due to the successful release of Barbie in July. Revenue in the period ending September 30 rose 9% over the same quarter a year ago to $1.9 billion. Earnings without a non-cash…

TelevisaUnivision reported a 1% year-over-year dip in U.S. advertising revenue in a third quarter otherwise propelled by the company's strike-resistant media operations in Mexico. Ad revenue came in at $459.4 million for the period ending September 30, while total revenue for the privately held…

Imax swung to a profit and saw revenue revenue jump in the Septembers quarter, buoyed by Oppenheimer and other content from Hollywood to local language films, concert films, docs and live events. The big screen exhibitor and tech company posted a net profit of $12 million versus a loss of $9 million…

Snapchat parent Snap returned to revenue growth in the third quarter, surprising Wall Street, and clocked gains in daily active users (DAUs), as net losses widened on a restructuring charge amid layoffs. The company hit a dour note on the ad front, saying “forward visibility of advertising demand remains…

YouTube advertising revenue increased 12% to $7.95 billion in the third quarter compared with the same period a year ago, helping corporate parent Alphabet beat Wall Street expectations. Total revenue rose 11% over the year-earlier quarter to hit $76.7 billion, while earnings per share surged to…

Spotify gave an early peek at its two-week-old Audiobook rollout with chief executive Daniel Ek telling investors, "It's early days, but we feel good." "We just believe it is going to be a great product that will open up more authors to more consumers. And what we have seen is that when we enter a…