Latest in fourth quarter earnings

Cineverse missed Wall Street estimates in its fiscal fourth quarter, but CEO Chris McGurk tapped his Hollywood studio executive background to turn attention to this fall’s release of Terrifier 3 during an earnings call with analysts. In the period ended March 31, total revenue came in at $9.9…

National CineMedia, which exited Chapter 11 bankruptcy last summer, drew cheers from investors Monday after an encouraging fourth-quarter earnings report. Shares in the company shot up 17% in after-market trading on the quarterly numbers, which featured a small but notable uptick in national…

The singular voice of Charlie Ergen, long an outspoken figure willing to express unconventional views on the media business, fell silent Friday as he was absent for EchoStar’s quarterly earnings call. The Dish Network parent, of which Ergen is executive chairman, reported a loss of 314,000 Dish…

Fubo CEO David Gandler blasted away again at a planned sports bundle backed by Disney, Fox and Warner Bros. Discovery, calling the companies a “sports cartel” engaging in “borderline racketeering.” His comments came during a conference call with Wall Street analysts to discuss fourth-quarter results…

Paramount Global’s earnings in the fourth quarter edged Wall Street forecasts, but a double-digit slide in advertising dragged down total revenue by 6%. Revenue came in at $7.6 billion, while earnings totaled 4 cents a share. Analysts had expected a loss of 1 cent per share, but revenue of $7.84…

Nexstar President and COO Mike Biard says there has been “significant misinterpretation and market overreaction” to the sports streaming bundle announced by Disney, Fox and Warner Bros. Discovery. Speaking on the broadcast TV giant’s fourth-quarter earnings call with Wall Street analysts, Biard said…

Taylor Swift’s Eras Tour concert-doc blockbuster drove a 50-cent increase in average ticket prices at Cinemark locations in the fourth quarter, a top exec at the movie theater circuit said. Speaking to Wall Street analysts during the company’s quarterly earnings call Friday, CFO Melissa Thomas said…

Roku edged Wall Street expectations for revenue and matched them on the bottom line, also reporting it hit 80 million active accounts by the end of 2023. Revenue in the fourth quarter, which ended December 31, came in at $984.4 million, better than the Street’s consensus estimate of $964.2 million…

Hispanic media giant TelevisaUnivision’s total revenue slid 7% year-over-year to hit $820.7 million in the fourth quarter, hampered by a slowdown in U.S. advertising. Revenue from U.S. advertising fell 5% to $467.2 million. Without mid-term U.S. political ad spending, World Cup broadcasts and radio…

Hasbro fell short of Wall Street analysts’ consensus estimate for fourth-quarter earnings, blaming a 31% drop in 2023 entertainment revenue on the WGA and SAG-AFTRA strikes. The toymaker also disappointed the Street with its 2024 outlook, particularly an expected 7% to 12% drop in consumer products…

UPDATED with closing price. Shares in AMC Networks dropped sharply Friday following a shaky fourth-quarter earnings report and a conference call with Wall Street analysts. The stock initially drifted down by mid-single-digits in pre-market trading after the earnings release, which revealed a 23% drop…

Shares in social media firm Snap Inc. plunged as much as 30% in after-hours trading following the company’s release of muted fourth-quarter results. The SnapChat parent’s numbers were roughly in line with Wall Street analysts’ expectations, making the stock movement all the more intriguing. Adjusted…