Earnings

NBCU Profits Drop 45 Percent Due To Soft Ad Market

Authored by Jay Baage on April 17, 2009 - 12:24pm.

GE said its cable operations continued to deliver double-digit growth, but NBC Universal had a "tougher performance overall due to a soft advertising market and fewer major DVD releases" compared with a year earlier, writes TheStreet.com.

Buzz Watch: Disney Gives Grim Outlook For The DVD Business

Authored by Paul Sweeting on February 4, 2009 - 9:04am.

Well that was a downer from Disney yesterday in its fiscal Q1 earnings call. The DVD business is tanking, nothing else is taking up the slack and we have to spend less money making movies. The "conversion rate" for new releases (i.e. the ratio of DVDs sold per million dollars of box-office gross) is falling, consumers are buying fewer catalog titles, shelf-space is disappearing and prices are plummeting. And oh, yeah: the rest of businesses pretty much suck right now, too. It sure didn't sound like the happiest place on earth.

DVD Plunge May Force Studio Write Downs

Authored by Jay Baage on January 30, 2009 - 11:49am.
Los Angeles – Recent data showing a plunge in DVD shipments threaten to reduce profit for studio owners Time Warner Inc.,Walt Disney Co.,Viacom Inc. and News Corp., and may force them to write down the value of movies, said analysts Bloomberg has spoken to.

Amazon Beats Q4 Estimates; Stock Climbs Almost 7%

Authored by Jay Baage on January 29, 2009 - 1:26pm.
Seattle - Internet retail giant Amazon.com posted a healthy Q4 revenue of $6.7 billion and profit of 52 cents a share, which topped the Street consensus of $6.44 billion and 39 cents and the stock rallied almost 7% in after-hours trading.

Nintendo Surprisingly Cuts Profit Forecast By 33%

Authored by Jay Baage on January 29, 2009 - 12:42pm.
Tokyo, Japan - Nintendo, the maker of the popular Wii games console, stunned the market on Thursday with a 33% cut of its profit forecasts to 230 billion yen ($2.6 billion) in the year ending March 31. Nintendo cut its Wii sales forecast for this fiscal year by 1 million consoles to 26.5 million.
tags: Games | Reports | CE | Nintendo | Wii | Japan | Earnings |

Google Reports 46% Surge in Q3 Profits

Authored by Mark Hefflinger on October 18, 2007 - 1:25pm.
Google logo Mountain View, Calif. - Continuing to take advantage of the rapid growth of online advertising, Google on Thursday reported a 46% jump in third quarter profits.

Activision to Take $67 Million Charge Over Stock Option Grants

Authored by Mark Hefflinger on May 3, 2007 - 1:36pm.

Santa Monica, Calif. - Video game publisher Activision said on Thursday that it expects to record a charge of $67 million to account for errors in its stock option granting practices from 1994-2006.

RealNetworks' Music Revenue Up 18% in Q1; Subscribers Hit 2.67 Million

Authored by Mark Hefflinger on May 3, 2007 - 12:30pm.

Seattle - RealNetworks, a provider of media delivery technology and subscription services, said it saw an 18% increase in digital music revenue in the first quarter of 2007, to $34.1 million, ending the period with a total of 2.67 million subscribers, up from 1.57 million a year ago.

Google Nearly Triples Quarterly Profit

Authored by Mark Hefflinger on January 31, 2007 - 12:02pm.

Mountain View, Calif. - In what has become a quarterly ritual, Google on Wednesday again surpassed analyst expectations by posting a fourth quarter profit that nearly tripled its figure from a year ago.

Shares of Apple Level Off After Thursday's Slide

Authored by Mark Hefflinger on January 19, 2007 - 10:06am.

Cupertino, Calif. - Shares of Apple began to level off on Friday, one day after plummeting 6% after the company released second-quarter estimates that fell below analysts' expectations.

Analysis: I Would Not Worry Too Much About Apple’s Cautious Outlook

Authored by Jay Baage on January 17, 2007 - 7:09pm.
Apple’s stock tumbled in after-hours trading on Wednesday in response to Apple’s conservative guidance for the next quarter, a traditionally tough one for the company. However, record earnings for the first quarter and a steady hold of the digital music market, as well as new products in the pipeline – such as the Apple TV wireless media hub set to ship in February and the much hyped iPhone cellular phone due to hit the market in June – things are looking pretty good for CEO Steve Job right now. The question is what will happen to Apple after he is gone?

Apple Reports Record Q1 Profits, But Outlook Disappoints Market

Authored by Jay Baage on January 17, 2007 - 5:51pm.
San Jose, Ca - Apple, with CEO Steve Jobs, on Wednesday reported that earnings for the fiscal first quarter rose 78 percent because strong holiday sales of its iPod music players and Mac computers. The record profit of $1 billion, as compared to $565 million for the same period last year, beat Wall Street estimates. However, the second-quarter outlook fell below analyst expectations because of slightly lower gross margins and slower expected software sales as customers wait for the new Leopard operating system to be released later this spring.
tags: Tech | Music | Apple | CE | Investing | Earnings | Stocks | iPhone |

THQ Raises Outlook, Citing Strong Holiday Video Game Sales

Authored by Mark Hefflinger on January 11, 2007 - 9:30am.

Agoura Hills, Calif. - Video game publisher THQ on Thursday raised its sales and earnings outlook for its third quarter and the year 2007, citing strong holiday game sales.

tags: Games | THQ | Earnings | Financials |

Shares of XM Radio Level Off Following Wednesday's Surge

Authored by dmw on January 4, 2007 - 10:04am.
Washington, DC - Shares of DC-based XM Satellite Radio leveled off a bit on Thursday, a day after surging more than 5% when rival Sirius announced that it expects to end the year with more than 6 million subscribers. Investors also reacted favorably to reports that Sirius will achieve its first quarter of positive cash flow in the fourth quarter.

Sirius Hits 6 Million Subscribers and First Cash Flow Positive Quarter

Authored by Jay Baage on January 3, 2007 - 12:32pm.
New York – Sirius Satellite Radio announced today that it finished 2006 with 6.02 million subscribers, up 82% from the previous year. However, as late as December 4, Sirius lowered its subscriber guidance to between 5.9 and 6.1 million subscribers, down from a previous projection of more than 6.2 million subscribers. The reason given was slower-than-expected sales after Thanksgiving.

Struggling Atari Posts Slim Profit, but Revenues Fall 25%

Authored by Mark Hefflinger on November 10, 2006 - 2:56pm.
New York - Atari, which recently announced plans for a stock split to boost its sagging share price above the $1 Nasdaq minimum, posted a slim second-quarter profit of $311,000, but revenues at the struggling game publisher fell 25% from a year ago.

Napster Narrows Loss, Sees Boost in Revenue, Site Visitors

Authored by Mark Hefflinger on November 9, 2006 - 2:15pm.
Los Angeles - Napster has announced that its second-quarter net loss narrowed to $9 million, down from $13.6 million a year ago, while revenue was up 9% to $25.5 million. Unique visitors to Napster.com grew 42% in the quarter, which the company said will help grow its new ad-supported free music service.

Sirius Revenue Doubles on Strong Subscriber Growth

Authored by Mark Hefflinger on November 8, 2006 - 1:04pm.
New York - Sirius Satellite Radio announced on Wednesday that its third-quarter revenue more than doubled, on strong subscriber growth.

RealNetworks Sees Profit Spike on Game Sales, Microsoft Settlement

Authored by Mark Hefflinger on November 7, 2006 - 3:37pm.
Seattle - Media delivery technology provider RealNetworks saw its shares rise nearly 10% on Tuesday, after the company reported a spike in third-quarter profit to $42.2 million, compared with $11.2 million in the same period a year ago.

Shares of XM Surge 15% Following Positive Earnings Report

Authored by Mark Hefflinger on November 6, 2006 - 7:22pm.
Washington - Shares of XM Satellite Radio jumped 15% on Monday after the provider of satellite radio service to more than 7 million subscribers reported a third quarter net loss that was far smaller than analysts had expected.