Latest in Earnings

Zoom Video Communications, perhaps the ultimate corporate poster child of Covid-19, posted another blockbuster quarter of financial results. The videoconferencing specialist said its profit in the quarter ending October 31 came in at 99 cents a share, well ahead of Wall Street analysts’ consensus expectation for 76…

UPDATED with closing stock price. A number of Wall Street analysts have increased their price targets for Disney’s stock after the media giant reported better-than-expected quarterly earnings and outlined its streaming-focused future. Shares closed Friday at $138.41, up more than 2% on twice the normal trading volume…

Shares in DraftKings gained in early trading after the major sports betting outfit raised its 2020 revenue guidance and reported third-quarter earnings that exceeded Wall Street analysts’ expectations. The stock is below its late-September peak of $64.19, but climbed 7% to pass $44 amid optimism that the return of…

In his first extensive public comments about the major restructuring implemented in October, Disney CEO Bob Chapek said it has elicited “100% buy-in” from executives at the company. With the new structure in place, he added during a Thursday call to discuss Disney’s fourth-quarter and full-year earnings, it will be…

Disney CEO Bob Chapek blasted California Gov. Gavin Newsom o Thuursday over keeping Disneyland closed despite what he said was the conglom’s proven ability to open parks safely and reopening support by unions representing nearly 100% of workers. Chief financial officer Christine McCarthy said the company anticipates…

Walt Disney blew past Wall Street estimates last quarter although it swung to red and revenue fell with Disneyland shuttered, and movie theaters in major markets dark. It’s the last showbiz giant to report financials in the latest earnings round and the most anticipated as its sprawling businesses touch most of media…

Disney+ reported 73.7 million subscribers as of September 30, with ESPN+ topping 10 million for the first time. The numbers were included in Disney’s fiscal fourth quarter earnings release, which showed a media giant battered by COVID-19 but one that nevertheless exceeded Wall Street’s financial forecasts. ESPN’s…

UPDATED with closing price. Shares in FuboTV, which recently went public, gained more than 2% to end Wednesday at a record closing price of $16.03 after the company reported better-than-expected subscriber numbers. The stock jumped more than 20% in early trading Wednesday and at one point surpassed $20 a share before…

AT&T’s efforts to unload DirecTV make the latter’s eventual combination with Dish Network all the more “inevitable,” Dish chairman Charlie Ergen said Friday. The pay-TV rabble-rouser has used that word before to describe the longtime satellite rivals, and he stipulated during a call with Wall Street analysts after Dish…

ViacomCBS CEO Bob Bakish Friday defended a strategy of licensing popular content to outside platforms even as it prepares to roll out streaming service Paramount+ in a fiercely competitive market. The company inked of series of lucrative licensing deals with Netflix and Amazon as well as WarnerMedia and NBCUniversal…

Dish Network’s Sling TV gained 203,000 subscribers in the third quarter, offsetting a decline in the company’s traditional satellite TV business. Revenue and earnings topped Wall Street expectations, reaching $4.53 billion and 86 cents a share, respectively. The company closed its acquisition of Boost Mobile in the…

ViacomCBS on Friday reported total revenue of $6.12 billion and earnings per share of 91 cents in the third quarter, exceeding Wall Street estimates but reflecting ongoing headwinds from COVID-19. Revenue dipped 9% and earnings fell 17%, though both figures exceeded analysts’ consensus forecast for earnings of 88…