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Disney misses on parks revenue, streaming subscribers but sees strong growth ahead
Disney reported overall revenue of $15.6 billion, compared to $18 billion a year ago. Excluding certain items, Disney's diluted earnings per share came in at 79 cents per share, compared to 60 cents per share a year ago......»»
ViacomCBS stock rallies after earnings beats expectations, as streaming revenue jumps 65%
Shares of ViacomCBS Inc. surged 2.9% in premarket trading Thursday, after the media and entertainment company reported first-quarter profit and revenue that rose above expectations, boosted by a 65% jump in streaming revenue. Net i.....»»
Warner Music stock rises after profit and revenue beats, boosted by 23% growth in streaming
Shares of Warner Music Group Corp. advanced 0.9% in premarket trading Tuesda.....»»
Consumer spending, streaming propel Amazon to second straight quarter of more than $100B in revenue
Amazon earnings highlights included sales up 44% as consumers bought more products. CEO Jeff Bezos said Prime su.....»»
fuboTV reports first $100 million quarter
Shares of fuboTV Inc. were down 3% in extended trading Tuesday after the live-sports streaming service reported spikes in quarterly revenue and subscribers. The company said fourth-quarter revenue nearly doubled.....»»
Roku Is Ready For The Next Level
Roku Inc (NASDAQ: ROKU) has been on fire due to its impressive revenue and account growth rates that were additionally fueled by lockdowns and new streaming entrants. read more.....»»
YouTube suspends Rudy Giuliani from its ad revenue sharing program
The video streaming service said Giuliani repeatedly violated rules against posting false information about the recent election......»»
Why Roku Could Still Have "Significant" Advertising Growth Ahead
Roku Inc (NASDAQ: ROKU) has grown to become the leading TV and video streaming platform in 2020, but JPMorgan says its true driver of revenue growth in advertising has yet to p.....»»
The Wall Street Journal: MGM, the studio behind James Bond and Rocky, is exploring a sale
MGM Holdings Inc., the movie studio behind the James Bond franchise, is exploring a sale, according to people familiar with the matter, betting that its library of content will prove attractive to companies pursuing growth in streaming video......»»
Viacom reports Q1 domestic streaming and digital video revenue up 51% to $471M
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
For cloud giants, usage soars but tech investment delays hobble revenue growth
As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games......»»
Spotify enjoys a virus-crisis surge in streaming
Music streaming service Spotify has enjoyed a virus-crisis boost, with subscribers surging to 130 million and revenue increasing by 22 percent to 1.85 billion euros. Joe Davies reports......»»
Wirecard shares slump after saying KPMG didn"t have all data needed to prove revenue of unit
Shares of Wirecard slumped 16%.....»»
Chinese Streaming Service iQIYI Has Subscription Revenue Opportunity, Oppenheimer Says In Bullish Initiation
iQIYI Inc (NASDAQ: IQ) is among the largest video streaming service providers in China, and investors seem to be underestimating its ability to lift subscription fees, according to Oppenheimer. Latest Ratings fo.....»»
Roku rallies as it beats the Street and makes a bold prediction
Roku shares rallied in afterhours trading on Thursday, rising about 9 percent after it announced new highs in revenue and active accounts. The Los Gatos-based maker of streaming media equipment reported $411.2 million dollars in revenue for Q4, a 49 p.....»»
Streaming minds want to know: Why do you have to prove cable subscription to watch free TV?
The networks won't let you watch free programming without authentication -- proving you are a paying cable subscriber. Why? "It's a.....»»
Spotify Technology swings to loss as it tops subscriber forecast
Streaming music service Spotify Technology said it swung to a €209 million ($230 million) loss, or €1.14 a share, while revenue rose 24% to €1.86 billion. Total monthly active users rose 31% to 271 million, and the.....»»
Disney Streaming Service Tops 26M Subscribers, Company Beats Earnings Estimates
Walt Disney Co (NYSE: DIS) topped 26 million subscribers for its new Disney+ streaming service and reported fourth-quarter earnings and revenue beats. 0 read more.....»»
How Services Will Become Apple’s Next $100 Billion Business
If Apple can keep its services offerings coming on strong, via more app sales, streaming music subscriptions and TV streaming growth, then it only takes a few more years of 20% revenue growth for........»»
Major companies buy first-ever Super Bowl ads with hopes to gain attention in streaming era
The National Football League's Super Bowl LIV matchup between the San Francisco 49ers and Kansas City Chiefs on Feb. 2 will draw millions of viewers and plenty in ad revenue for broadcaster FOX......»»