The third-quarter earnings season is underway, and FierceBroadcasting is tracking the results from media companies, programmers and broadcasters throughout the period. Check out our updates on companies in this segment.
Make sure to check FierceWireless, FierceCable and FierceTelecom, as they also track earnings for companies in the wireless, pay TV and wireline industries.
October 16
Netflix
As it did in its previous quarter, Netflix again outpaced its own expectations around subscriber growth and added 5.3 million new subscribers during the third quarter.
- see our coverage
- visit Netflix's investor relations page
October 26
Comcast/NBCUniversal
NBCUniversal—in the midst of a Summer Olympics hangover—watched their broadcast television revenues sink a whopping 31% during the third quarter.
- see our coverage
- visit Comcast's investor relations page
Meredith Corporation
Meredith’s local media group—the division housing the company’s 17 television stations—reported quarterly revenues were $154 million, which the company claimed was a record for a nonpolitical quarter.
- see our coverage
- visit Meredith's investor relations page
Time Warner Inc.
Time Warner grew its third-quarter revenues by 6% to $7.6 billion thanks to surprise box office hits like “It,” TV successes like “Rick and Morty,” and rising subscription revenues for HBO and Turner.
- see our coverage
- visit Time Warner's investor relations page
November 1
Sinclair Broadcast Group
Sinclair Broadcast Group’s third-quarter net income fell to $30.6 million, down from $50.8 million one year ago, as hurricanes, departing advertisers and acquisition-related charges took their toll.
- see our coverage
- visit Sinclair's investor relations page
November 2
AMC Networks
AMC Networks’ third-quarter operating income rose 30.9% to $153 million as the programmer’s net revenues increased 2.1% to $648 million.
- see our coverage
- visit AMC's investor relations page
CBS Corporation
CBS’s entertainment and local media revenues fell during the third quarter under the weight of lower content licensing and distribution revenues and slower ad revenue growth.
- see our coverage
- visit CBS' investor relations page
Discovery Communications
Discovery Communications today reported third-quarter earnings which highlighted revenues totaling $1.65 billion, up 6% year over year.
- see our coverage
- visit Discovery's investor relations page
Scripps Networks Interactive
Scripps Networks Interactive saw its third-quarter net income fall 15.2% to $124.1 million and its consolidated income fall 9.4% to $233.5 million due in part to merger related expenses as its Discovery tie-up progresses.
- see our coverage
- visit Scripps' investor relations page
November 3
E.W. Scripps
E.W. Scripps posted a third-quarter net loss of $26.7 million, down from $12.5 million in net income one year ago, due to a $35.7 million impairment charge associated with Cracked and some restructuring costs.
- see our coverage
- visit E.W. Scripps' investor relations page
November 6
Gray Television
Gray Television’s third-quarter revenues rose 7% to $219 million as significant increases in both national advertising and retransmission consent revenues helped offset the expected drop in political advertising.
- see our coverage
- visit Gray Television's investor relations page
Nexstar Media
Nexstar Media posted a blockbuster third quarter with its core television ad revenue increasing 138.7% and its retransmission fee revenue and digital media revenue rising 162.1% and 96.3%, respectively.
- see our coverage
- visit Nexstar's investor relations page
November 8
21st Century Fox
The Fox Television group saw its operating income drop 36% to $122 million during the most recent quarter as the rising cost and volume of NFL and college football games ate into increased revenues.
- see our coverage
- visit Fox's investor relations page
Tegna
Tegna’s third-quarter revenues dropped 11%, feeling the same impact as other broadcasters amid tough comps from the 2016 Summer Olympics and the presidential election.
- see our coverage
- visit Tegna's investor relations page
November 9
The Walt Disney Company/ABC
The Walt Disney Company saw the third-quarter operating income for its media networks segment fall 12% to $1.5 billion as multiple factors impacted earnings.
- see our coverage
- visit Disney's investor relations page
November 16
Viacom
Viacom’s fiscal fourth-quarter earnings witnessed a rise in overall revenues and net earnings despite flat domestic advertising revenues and down affiliate revenues.
- see our coverage
- visit Viacom's investor relations page