Topic: advertising revenue
Disney’s direct-to-consumer and international business – which houses ESPN+, Hulu and the upcoming Disney+ – saw its losses soar to $393 million during the company’s fiscal second quarter.
Digital advertising revenues are growing, and video is increasingly becoming a bigger driver of that growth, according to the latest IAB Internet Advertising Revenue Report.
CBS released its first-quarter financial results today and boasted an 11% increase in overall revenues and 71% annual growth in subscribers to its direct-to-consumer streaming video services.
Discovery Inc. today reported first-quarter revenue of $2.7 billion, up 17% year over year, during a quarter when streaming deals filled the operational highlights section.
AMC Networks reported first-quarter financial results marked by a nearly 6% boost in revenues helped along by the company’s international and streaming segment.
NBCUniversal is following Disney and WarnerMedia into the streaming video space—albeit with a different business model—but it doesn’t seem overly concerned by the competition.
Comcast’s first-quarter earnings were marked by a steady increase in cable communications revenue despite continuing video subscriber losses.
Subscriber declines at AT&T’s virtual MVPD DirecTV Now slowed down in the first quarter, but the company still lost a net 83,000 streaming TV subscribers.
Ad-supported streaming service Xumo says it now has 5.5 million monthly users after adding distribution deals with LG and Comcast Xfinity.
FierceVideo is tracking first-quarter earnings results from streaming media companies, programmers, pay TV operators and broadcasters.