Why Fox Stock Fell after Its Fiscal 4Q17 Results
Twenty-First Century Fox (FOX) reported its fiscal 4Q17 results on August 9. The company’s earnings beat expectations, but its fiscal 4Q17 revenues narrowly missed forecasts.
After announcing its fiscal 3Q17 results on August 8, Walt Disney (DIS) announced that it would no longer stream its movies on Netflix (NFLX) starting in 2019.
As we mentioned in the previous part, the cable TV sector is facing heat from digital subscription companies such as Netflix (NFLX), resulting in cable companies’ revenue stagnating. According to The Wall…
Time Warner’s (TWX) Warner Bros. debuted Wonder Woman this year and boosted its revenues for fiscal 2Q17.
Viacom’s (VIAB) Paramount Pictures has not exactly been at the peak of health this year.
As video streaming services like Netflix become increasingly popular, media companies like Viacom and Time Warner are rethinking their content strategies.
Comcast (CMCSA) is increasingly monetizing its franchises. The company’s theme parks’ performance in fiscal 2Q17 was largely driven by the new attractions at its theme parks. Comcast has indicated that…
In the first part of this series, we looked at how Comcast’s (CMCSA) fiscal 2Q17 results were strongly driven by the company’s filmed entertainment and theme parks businesses. In this…
Time Warner’s (TWX) Wonder Woman has been a resounding success for the company.
Analysts expect Electronic Arts’(EA) revenue to rise 12.6% YoY (year-over-year) in fiscal 1Q18 to $768.1 million.
In July 2017, Activision Blizzard (ATVI) announced the sale of its Overwatch league teams to several entrepreneurs from the e-sports and the traditional sports space.
In the trailing-12-month period, Activision (ATVI) stock has risen 47.6%. In the past month, shares have risen 1.5%.
In the trailing-12-month period, Electronic Arts (EA) stock has risen 48.9%. In the past month, its shares have declined 1%.
Electronic Arts (EA) and Activision (ATVI) aim to build robust gaming portfolios to drive user engagement and revenue growth.
For 3Q17, analysts expect Activision’s revenue to rise marginally to $1.63 billion.
Analysts expect EA to post revenue of ~$768.1 million in fiscal 1Q18, which would be a rise of 12.6% YoY.
Analysts expect Activision to post revenue of $1.22 billion in 2Q17, which would be a significant fall of 24.3% YoY from its revenue of $1.61 billion in 2Q16.
Comcast has revamped its movie strategy by following a franchise-focused strategy for its movie business, allowing it to concentrate on a strategic slate for its movies.
Earlier in July 2017, Comcast’s (CMCSA) Universal Pictures’ new movie, Despicable Me 3, had a good opening with an estimated box office collection of $75.4 million in the US and Canada.
Comcast’s theme parks comprised 14% of Comcast’s NBCUniversal’s total revenues of $7.8 billion in fiscal 1Q17.