Category: Quarterly Earnings

Highlights from Viacom Earnings Call

On November 9th, Viacom held their Q3 2016 (technically their Q4, full year) earnings call. Here are the highlights

Change in Leadership:

Tom Dooley, the current CEO, will step down next week.  Robert Bakish, who managed Viacom’s international business, will take over.

Financials – Total:

Full year total revenue of $12.5B was 6% lower than the $13.3B in FY 2015.  Total revenue for the quarter was $3.2B down 15% YoY.

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Twitter Q3 2016 Earnings Call: 6 Things You Should Know

On October 27th, Twitter held their Q3 2016 earnings call.  Here are the top 6 things you should know:

1. Slight Increase in Revenue: Total revenue was up only 8% YoY and 2% sequentially to $616MM.  Advertising made up 88% of the total at $545MM.  Data Licensing and Other brought in $71MM.

twitter-revenue-q3-2016

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Apple Reports Quarterly Earnings: 8 Things You Should Know

Apple reported their FY 16 4th Quarter results on October 25th.  Here are 8 things you should know:

1. FY 2016 Revenue was $216B: If Apple was a country, they’d be the 47th largest according GDP, ahead of Portugal, Vietnam and Greece.  This was down nearly 8% from 2015 ($234B).

2. Quarterly Revenue Down 9% YoY: Revenue for the quarter was $46.9B, down from $51.5B last year.

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Netflix Reported Q3 Earnings: 10 Things You Should Know

Yesterday, Netflix held their Q3 quarterly earnings call.  Here are the Top 10 things you should know:

1. Over $2B in Streaming Revenue: For the first time they crossed over the $2B mark in quarterly streaming revenue.  Domestic streaming was $1.3B, an 8% increase from the previous quarter and up 23% YoY.  International streaming revenue of $.853B was 40% of the total, and 13% higher from Q2 and an impressive 65% growth YoY.

netflix-streaming-rev-q2-2016

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Earnings Calendar for Top Entertainment/Tech/Telecom Companies

Starting next week, through the second week of November will be the quarterly earnings conference calls for the major entertainment, tech and telecom companies.  The chart below has the complete schedule.  As usual, Netflix will kick things off first, with their Monday 5PM ET call.

Showbiz Brief will have a write up after each call.

Company DOW Date  Time
Netflix Mon Oct 17 5:00pm ET
Verizon Thu Oct 20 8:30am ET
AT&T Tue Oct 25 4:30pm ET
Apple Tue Oct 25 5:00pm ET
Comcast Wed Oct 26 8:30am ET
Amazon Thu Oct 27 5:30pm ET
Alphabet Thu Oct 27 4:30pm ET
Twitter Thu Oct 27 5:00pm ET
Regal Entertainment Thu Oct 27 4:30pm ET
Discovery Tue Nov 01 8:30am ET
Sony Corp Tue Nov 01 4:15am ET
Frontier Communications Tue Nov 01 4:30pm ET
Time Warner Wed Nov 02 8:30am ET
21st Century Fox Wed Nov 02 4:00pm ET
Facebook Wed Nov 02 5:00pm ET
Charter Thu Nov 03 10:00am ET
CBS Thu Nov 03 4:30pm ET
Lionsgate Thu Nov 03 5:00pm ET
AMC Networks Thu Nov 03 11:00am ET
Scripps Networks Mon Nov 07 11:00am ET
Viacom Wed Nov 09 8:30am ET
Disney Thu Nov 10 5:00pm ET
Altice Thu Nov 10 TBD
AMC Entertainment TBD
Cinemark TBD
Dish Network Corp TBD

Q1 2016 – Sony Earnings Call Summary

Sony

Below are my key takeaways from the Sony Q1 2016 Earnings Call on July 29:

Summary:

Consolidated revenue dropped 11% YoY, operating income was down 42% and net income was off 74%.  The reasons for the bad results were the Kumamoto Earthquake in April, a decrease in demand for image sensors for mobile, a reduction in mid-range smartphone unit sales and negative effects of currency exchange

On the positive side, Uncharted 4 helped Game & Network Services segment rise by 14% and Angry Birds contributed to the Pictures Segment 7% gain with their $347MM global take.

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Q2 2016 – Charter Earnings Call Summary

Charter

Below are my key takeaways from the Charter Q2 2016 Earnings Call on Aug 9:

Summary:

CEO Tom Rutledge’s opening statement: “On May 18th we closed our transaction with Time Warner Cable and Bright House Networks creating a new company with a bigger and a significantly more concentrated footprint giving us the local and national scale to innovate and grow faster.  Our high capacity network now reaches nearly 49MM homes and business and we have over 25MM residential and business customers in attractive markets.”

Bought Time Warner Cable and Bright House Networks for approximately $67,000MM. The new company will have over 25MM customers in 41 states and be marketed under the Charter Spectrum brand name.  They will be the second-largest U.S. broadband provider and third-largest video provider.

Total Q2 revenue for the new company was $9,988MM, a 6.6% YoY increase.  Here’s a breakdown by segment:

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