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Dish Network logged its worst-ever quarterly loss of subscribers amid the coronavirus crisis, shedding 413,000 total pay-TV customers in the first quarter of the year. The satellite TV giant closed the first quarter with 11.3 million pay-TV subscribers, down 6 percent over last year. That included a sequential decline of about 132,000 satellite subs to …
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ViacomCBS delivered a narrower-than-expected profit drop despite the cancellation of the NCAA “March Madness” men’s basketball championship that had been slated to air on CBS. The New York-based media giant — which also owns the Paramount movie studio and cable channels Comedy Central, Nickelodeon and MTV — saw sharp gains in its streaming-video business, as house-bound …
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Video game publishers EA and Activision soundly beat earnings estimates Tuesday, but their stocks went in opposite directions on their future guidance. Activision ended Monday up more than 6 percent after predicting that gamers will continue turning to free-to-play games like its mega popular “Call of Duty: Warzone” due to the financial impact of the …
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Unscripted shows from TV channels like Food Network, TLC and HGTV helped Discovery beat Wall Street’s profit expectations despite a slight revenue dip fueled by the coronavirus. The broadcasting giant said its portfolio of TV brands lost 6 percent of its total subscribers from the first quarter of 2019. Among its biggest channels, including Discovery, …
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Disney’s earnings dived in the second quarter, including a 58 percent drop in operating incomes tied to its shuttered theme parks and cruise ships, the Mouse House said on Tuesday. The Burbank, Calif. company said that coronavirus pandemic closures, which has also delayed its summer blockbusters, have squeezed its second-quarter earnings to 60 cents a …
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Wall Street is bracing for the worst when Disney reports second-quarter results on Tuesday afternoon. The Mouse House has taken a particularly hard hit during the pandemic with the majority of its business — theme parks, vacation resorts, movie production, cruises, live sporting events — being ground to a halt. Wall Street analysts are anticipating …
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Amazon shares dropped in extended trading Thursday after reporting that it would be spending an eye-watering $4 billion on coronavirus-related expenses. In its first earnings report since the coronavirus crisis hit — sending demand for its services to skyrocket — Amazon said revenue soared to $75.5 billion, up 26 percent from a year earlier and …
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Cable giant Comcast reported nearly a 40 percent dip in first-quarter profit Thursday as the economic fallout from the coronavirus hit NBCUniversal’s theme parks and film divisions. Comcast shares fell over 5 percent in early-market trading after the company said during its earnings call that it would lose about $500 million if theme parks remained …
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Tesla on Wednesday delivered its third consecutive quarterly profit, sending the stock up more than 7 percent in extended trading and putting Elon Musk within arm’s reach of a $750 million payday. The electric automaker reported earnings per share of $1.24, while the Street had been expecting a loss of 36 cents per share. The …
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Harley-Davidson reported a drop of about 45 percent in quarterly profit on Tuesday as motorcycle sales took a hit from global lockdowns due to the coronavirus pandemic. Harley’s net income fell to $69.7 million, or 45 cents per share, in the first quarter ended March 29 from $127.9 million, or 80 cents per share, a …
Dish Network logged its worst-ever quarterly loss of subscribers amid the coronavirus crisis, shedding 413,000 total pay-TV customers in the first quarter of the year. The satellite TV giant closed the first quarter with 11.3 million pay-TV subscribers, down 6 percent over last year. That included a sequential decline of about 132,000 satellite subs to …
