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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…

Streaming audio giant Spotify said fourth quarter podcast consumption nearly doubled, premium subscribers hit 155 million and monthly active users jumped 27% to 345 million in the fourth quarter of 2020 — helping drive a 17% increase in revenue. Premium subs were up from 144 in the third quarter and 124 the year…

Sony Pictures Entertainment recorded a $212M profit in the third quarter of Fiscal Year 2020, good for a 316% upward swing versus the similar period in 2019. The profit increase for the three months ended December 31, 2020 was due to lower theatrical marketing costs and higher TV licensing and home entertainment sales…

Google/YouTube parent Alphabet saw revenue jump last quarter driven by YouTube and search as advertising recovered. The giant company’s total sales surged to $56.9 billion for the last three months of 2020 from $46 billion the year before, smashing expectations. YouTube ad revenue jumped to $6.9 billion from $4.7…

SiriusXM swung to a $677 million net loss last quarter from a $243 million profit the year before on a one-time, noncash charge of $976 million at Pandora. The anticipated hit was based on Pandora's royalty cost structure. Quarterly revenue rose 6% to $2.19 billion, beating Wall Street expectations. The shares were up…

Charter Communications beat Wall Street’s estimates for earnings in the fourth quarter, but the company reported a slowdown in acquiring internet and video customers. Net income of $6.05 per share nearly doubled the $3.28 of a year ago and far surpassed analysts’ consensus expectation for $4.83. Revenue essentially…