Category: media earnings

Warner Bros. Discovery Narrows Q4 Loss Despite 14% Decline in Ad Revenue

Warner Bros. Discovery narrowed its fourth-quarter loss by a significant margin as cost reductions and reduced content production caused by last year’s Hollywood labor stoppages helped it maneuver around a 14% decline in advertising sales and other onerous conditions for traditional media companies. The owner of the TNT and TBS cable networks,. the Warner Bros. […] Go to Source

TelevisaUnivision Narrows Q4 Loss Despite Streaming Costs, U.S. Ad Dip

Spanish-language giant TelevisaUnivision said it narrowed its fourth quarter loss from the year-earlier period as increases in ad revenue in Mexico helped buoy the company despite a downturn in the same category in the U.S. and its continued investment in streaming. The company, which operates the Univision broadcast network in the U.S., said revenue in […] Go to Source

Sony Pictures Profits Climb 56% to $281 Million, Lifting Group Income in Third Quarter

Operating income at the ‘Pictures Division’ of Sony Group Corporation climbed by 56% to hit $281 million in the October to December 2023 quarter, the Japanese company reported on Wednesday. Sales increased from $2.35 billion to $2.47 billion in the latest period. The division spans movie production and distribution, television networks and TV content production. […] Go to Source

Alibaba Writes Down $1.2 Billion on Youku, Loss-Making Streamer, as Group Profits Plunge

Chinese e-commerce and entertainment giant Alibaba has taken a $1.2 billion goodwill impairment charge against its video-streaming operation Youku. The move was disclosed on Wednesday as Alibaba revealed its financial results for the October to December 2023 period, the third quarter of its current financial year. Group revenues in the quarter were up by 5% […] Go to Source

Comcast Sees Q4 Profit Rise 8% on Business Services, Peacock, Theme Parks

Comcast saw fourth-quarter profit surge by 7.8% as the cable giant increased the number of businesses using its communications services, its Peacock streaming hub added 3 million subscribers and its theme parks saw robust activity. “Our unique and complementary capabilities will enable us to capitalize on the many opportunities ahead,” said Brian Roberts, the company’s […] Go to Source