earnings report
Disney+ loses subscribers for second quarter in a row, drops 4M subs
As Disney approaches its third round of expected layoffs and deals with production delays due to the ongoing writers strike, the company delivered more bad news to investors. Its flagship…
Warner Bros. Discovery’s streaming business set to become profitable in 2023
Warner Bros. Discovery announced Friday that its streaming business will turn a profit in 2023. The company previously said it expected to break even by 2024 and become profitable in…
Paramount+ grows to 60M subs as it prepares to integrate with Showtime
The previously announced integration of Showtime into Paramount+ draws closer as the company reports its first-quarter fiscal earnings. Paramount+ with Showtime is set to launch in the third quarter. While…
Warner Bros. Discovery continues to lose money despite success of ‘The Last of Us’ and ‘Hogwarts Legacy’
Warner Bros. Discovery (WBD) reported underwhelming Q4 results yesterday, revealing a net loss of another $2.1 billion, including $217 million from its streaming division. This is despite the company touting…
Airbnb is raking in the dough. The company reported a record Q4 today, beating its previous benchmark both in terms of revenue and net income. In Q4, Airbnb’s revenue grew…
Crunch Report | Chan Zuckerberg Initiative Acquires Meta Search
Chan Zuckerberg Initiative acquires Meta search engine, Alibaba hits a home run with its earnings report, Hyperloop Transportation Technologies opens up a new facility in Toulouse, France, and a new…