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SiriusXM Grows Subs in Fourth Quarter, Faces “Challenging” Economy and “Material Investments” Audio entertainment giant SiriusXM, the home of Howard Stern, reported on Thursday that it added 162,000 self-pay subscribers in its satellite radio unit in the fourth quarter, but expects a “modest” drop this year amid economic and car industry challenges. SiriusXM also said…
Spotify Hits 205M Paying Subs, Grows Ad Revenue, But Loss Widens Amid Higher Expenses Audio streaming giant Spotify ended 2022 with better-than-expected user growth, but its latest quarterly loss widened amid investments in podcasting growth, among other factors. The company said on Tuesday that it ended the fourth quarter with 205 million premium, or paying, subscribers, up…
Charter Loses 144,000 Pay TV Subs in Fourth Quarter, Adds 105,000 Broadband Users Cable giant Charter Communications, in which John Malone’s Liberty Broadband owns a big stake, reported its fourth-quarter results on Friday, including slowed broadband subscriber growth and a bigger pay-TV user loss than in the year-ago period. The company, led by its new president and CEO…
NBCUniversal CEO: “We Are Always Looking for Bolt-On Acquisitions” Will they or won’t they buy anything? And if so, what? With M&A speculation regularly swirling around the entertainment industry, including NBCUniversal owner Comcast, the cable giant’s executive team was quizzed on its appetite for acquisitions during the company’s earnings conference call on Thursday. Comcast and…
NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to $978M in Fourth Quarter Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its revenue and subscribers in the fourth quarter, but its loss widened again compared with the year-ago period. Comcast’s earnings report for the final period of 2022 detailed quarterly financials for NBCUniversal, including higher…
Xbox Sales Drop as Microsoft’s Gaming Division Declines in Revenue Microsoft’s Xbox sales declined by 13 percent while the gaming system’s content and services saw a 12 percent drop in revenue, the company said on Tuesday as part of its quarterly earnings report for the three months ending on Dec. 31. Total revenue for the…
Verizon Loses 80,000 TV Subs in Fourth Quarter, Adds Broadband Users Verizon lost 80,000 net pay TV subscribers for its Fios consumer video service in the fourth quarter, compared with a loss of 69,000 in the year-ago period, the telecom giant said on Tuesday. It ended 2022 with 3.234 million Fios video subscribers in its…
Google Parent Alphabet to Lay Off 12,000 Employees Not even Google parent Alphabet is safe from the dark economic clouds, unveiling on Friday that it plans to lay off around 12,000 employees, or 6 percent of its staff, and becoming the latest technology giant to unveil big cuts. The job reductions are the company’s largest ever,…
Netflix, In First Quarter With Ad Tier, Adds 7M-Plus Subscribers, Outperforming Expectations Netflix, reporting subscriber numbers for the first time since launching an ad-supported subscription tier, brought in 7.66 million subscribers during the fourth quarter of 2022, outperforming its forecasts for the holiday season. The streaming giant had previously warned Wall Street it would add…
ITV Posts 14 Percent Quarterly Ad Revenue Drop, Forecasts Slight 2022 Decline U.K. TV giant ITV reported a 14 drop in third-quarter advertising revenue amid difficult year-ago comparisons and continued “uncertainty.” That left its ad revenue down 2 percent for the nine months through September, it said on Wednesday. The company predicted a strong final quarter of…