Latest in Earnings

UPDATED with closing price, more analyst comments. Disney stock, which ran up to an all-time record in advance of Thursday’s quarterly earnings report, slid 2% today even as many analysts expressed upbeat views on the media giant’s prospects. The company’s fiscal first quarter results exceeded analysts’ expectations…

More than a year after launching Disney+, a clear success with just shy of 94.9 million global subscribers, Disney has so far reported the least amount of viewership data of any major streaming competitor. The company’s quarterly earnings call today with Wall Street analysts continued the close-to-the-vest trend…

Disney CEO Bob Chapek anticipates Disneyland and other parks in 2022 may be mask free and without onerous social distancing for a Covid free, vaccinated populace. Theme parks have been hardest hit among Disney’s businesses. At a conference call to talk over the media giant’s latest earnings, execs said flagship…

Disney beat forecasts for its fiscal first quarter with revenue of $16.9 billion, versus $20 billion the year before. The media giant’s diluted earnings per share was 32 cents versus $1.53 as the pandemic continued to squeeze businesses from parks and live shows to production to theatrical revenue. However, It's fair…

Disney+ continues to lead the pack of new streaming services, reaching 94.9 million subscribers in the quarter ending January 2, but average revenue per user plunged 28% from year-earlier levels. The subscriber growth was at the high end of analysts’ estimates. ESPN+ is now at 12.1 million subscribers, nearly double…

UPDATED with Jack Dorsey comments: A month after booting former President Donald Trump from its service, Twitter CEO Jack Dorsey said the giant social media platform is "much larger than any one topic or any one account. He noted the company has a huge international following and a number of large accounts. "With…

Fox Corp. CEO Lachlan Murdoch said Fox News is not about to adjust its political orientation despite a bumpy period during and after the 2020 presidential election and a recent slip in its ratings. The network’s ratings have dropped about 13% in recent weeks, putting the network in the rare position of trailing CNN…

Fox Corp. beat Wall Street expectations in its second fiscal quarter, with revenue of nearly $4.1 billion improving 8% from the year-earlier period. On an adjusted basis, earnings per share rose to 16 cents from 10 cents a year ago. The consensus forecast from analysts called for revenue of $4 billion and a loss of 3…

Hasbro beat Wall Street analysts expectations, posting fourth-quarter revenue of $1.72 billion, up 4% from the year-earlier quarter. Adjusting for items, earnings reached $1.27 a share, ahead of analysts’ consensus expectation for $1.14. Gaming as a category posted a 27% rise in revenue to $561.2 million as the…

The really interesting stuff is always in the fine print, especially when it comes to the Academy of Motion Picture Arts and Sciences financials. When the latest numbers popped up in a bond disclosure statement on Christmas Eve, it was easy to brush past the footnotes. But Note 1 on Page 6, as it turns out, contains…

Snap Inc. stock fell in after-hours trading after the Snapchat parent gave financial guidance for the first quarter of 2021 that disappointed Wall Street. The share price decline of more than 6% came despite a stellar set of fourth-quarter results, including user growth, profit and revenue all above analysts…

UPDATED with comments from conference call: Lionsgate CEO Jon Feltheimer said the studio is currently shooting 19 scripted TV series and another 20 unscripted shows around the world despite the ongoing pandemic. Five feature films are back in production along with three ones. It will start production on Wonder sequel W…