Latest in Earnings

While it wasn’t quite the dramatic setbacks of Paramount Global and Warner Bros. Discovery this week, AMC Networks posted second-quarter financial results illustrating the perils of operating linear TV networks. The company’s earnings were down significantly from the prior-year quarter and below…

Fremantle’s target to make €3B ($3.3B) in revenue every year by 2026 still has some way to go, as Poor Things and Got Talent company posted half-year turnover down €50M. The RTL-owned production and sales group made €957M in the first six months of 2024, down from €1.07B in the comparable period a…

Starz and BBC Studios' BritBox will come together on a new bundle next quarter as streamers big and small continue to pair up, Lionsgate CEO Jon Feltheimer said Thursday. Starz's strong core demos "make it a bundling partner of choice," he added on a call after the company reported earnings for the…

The Paramount Global-Skydance merger is on track to close in the first half of 2025 and “in the meantime, the Skydance and Redbird teams support our strategic plan and we are continuing to operate business as usual," said Chris McCarthy — who runs Paramount with Brian Robbins and George Cheeks — on a call…

Paramount Global has taken a massive hit to earnings, booking a nearly $6 billion write-down as part of its second-quarter earnings, a day after Warner Bros. Discovery reported an even bigger charge. Both impairment charges to bring each to bring their carrying value for linear television assets…

UPDATED with executive remarks: A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today, the “go-shop” period in the $8 billion Skydance deal closes August 21, and a new round of layoffs is expected next week. Paramount will release its earnings…

Shares of Warner Bros. Discovery fell sharply this morning, touching all time lows well under $7 after disappointing quarterly earnings after market close yesterday that included a massive write-down at its networks division. The stock fell to $6.73, a low. It’s trading down more than 12% at $6.76…

Endeavor is actively marketing the assets of its Sports Data & Technology segment, namely sports betting companies OpenBet and IMG Arena, as of the second quarter. The company led by Ari Emanuel had previously signaled plans to divest some of its businesses — outside of TKO Group and representation — as…

Broadcast TV giant Nexstar Media Group undershot Wall Street analysts’ estimates for the second quarter, but said losses are continuing to narrow at The CW. The company reported a 2% uptick in revenue in the second quarter to $1.27 billion, which was short of forecasts for $1.3 billion. Diluted…

Endeavor-owned TKO Group Holdings, the company formed from the merger last year of the UFC and the WWE, reported a 29% rise in UFC revenue in the second quarter. Adjusted EBITDA, a gauge of profitability, increased 23% at UFC in the quarter ended June 30 to reach $231.9 million. For the entire…

Warner Bros. Discovery CEO David Zaslav, CFO Gunnar Wiedenfels and JB Perrette, head of streaming and games, faced down skeptical media analysts Tuesday after losing the NBA and reporting a second quarter mostly below Wall Street forecasts and with a massive write-down stemming, in great part, from what…

Warner Bros. Discovery is taking a hefty non-cash impairment charge, or write-down, of $9.1 billion at its networks division to align the book value of its linear television business with the reality of uncertain advertising and sports rights renewals as the NBA is set to move on. The value of the…