Latest in Earnings

Cinedigm, which has pivoted its former cinema equipment business to streaming, reported a few bright spots in its fiscal fourth quarter despite continued red ink. The company, which has built a portfolio of streaming services such as CONtv and Docurama, reported total revenue of $39.3 million in the quarter ending…

When Netflix reports second-quarter results on July 16, kicking off earnings season in the media sector, its subscriber tally and other numbers will offer an initial gauge of how COVID-19 has redrawn the industry map. Wall Street analysts in recent days have also speculated that another round of solid results could…

AMC Entertainment stock jumped over 15% at open in a down market Wednesday at open after execs outlined global opening plans at a conference call late yesterday afternoon. Share had popped by over 17% in premarket trade. It's been a roller coaster – mostly down – for AMC shares since the coronavirus pandemic forced it…

Giant exhibitor AMC Entertainment said net losses swelled to $2.18 billion, including a giant $1.8 billion in non-cash impairment charges, for the first quarter of the year from a negative $130 million the year before in what CEO Adam Aron called “unprecedented times.” Revenue dropped 22% to $941 million from $1.2…

Giant exhib AMC Entertainment said it expects to report ballooning losses of between $2.1 and $2.4 billion for the first quarter ended in March on one-time charges compared with losses of $130 million the year before. Announcing preliminary results Wednesday, it anticipated revenue of $941 million last quarter versus…

Cinemark, the No. 3 U.S. exhibitor, reported first-quarter results below Wall Street expectations, revealing the extent of the damage done to its business by COVID-19 on its business. Revenue for the period ending March 31 totaled $543.6 million, down 24% from the year-ago period due to the closure of theaters in…

Zoom Video Communication continued its narrative as one of a few companies fortunate enough to thrive during COVID-19, reporting total revenue of $328.2 million Tuesday, a gain of 169% over the prior-year period. The San Jose-based company reported its results for its fiscal 2021 first quarter, which ended April 30…

Lionsgate chief executive Jon Feltheimer predicted the comany will have 13-15 million paid OTT subscribers by the end of its fiscal year led by Starz, which he called "a great subscription platform that is profitable, growing and a major contributor to earnings." Viewership for the Starzplay international platform is…

Lionsgate Thursday reported $50 million in costs last quater due to COVID-19, said it anticipates more are coming and that it’s seeking insurance to cover what it can. The last media and entertainment company to report its March quarter as earnings season ends, Lionsgate posted revenue for the three months of $944…

Chicken Soup for the Soul Entertainment, which runs ad-supported streaming networks like Crackle, reported a mixed bag of first-quarter results, with record viewership during the onset of COVID-19 but also advertising uncertainty. The company reported an all-time high number of visits to Crackle and Popcornflix in…

UPDATE, writethru: Sony Corp reported its full year 2019 earnings from Tokyo this morning with a 28.4% dollar increase in profits at Sony Pictures Entertainment. The division recorded $628M in operating income, up from $489M the previous year. The significant hike, which is through March 31, 2020, just after the corona…

Live Nation Entertainment CEO Michael Rapino is as excited as anyone to hear the NFL schedule tonight – so he knows what stadiums will be available to book and when as artists start touring again later this year. "Traditionally they [sports leagues] announce the season and … then we can set the dates," he said. The…