Tag: quarterly earnings call

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.


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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

Q2 2016 (their Q3) – Disney Earnings Call Summary


Below are my key takeaways from the Disney Q3 2016 Earnings Call on Aug 9:


Bob Iger, CEO, said “two things are clear: the multi-channel bundle delivers the most value to us, and remains a great value proposition to consumers. Therefore, our top priority is to support it, and to do what we can to maintain or enhance its value to customers. We also know that new platforms and new entrants in the digital video space are offering consumers more flexibility and variety, with exciting new products and impressive user experiences. And we must create or take advantage of these new opportunities, in ways that are complementary to the multi-channel offering.”

Total Revenue grew 9% in the quarter to $14,277MM.  Net Income was up 5% YoY to $2,597MM resulting in a Diluted EPS of $1.59, compared to $1.45 a share last year.

Media Networks’ revenue of $5,906MM (made up of Cable Networks $4,200MM and Broadcasting $1,706MM) was 41% of the total and a 2% increase YoY.  ESPN saw revenue growth due to contractual rate hikes and an increase in ad units sold thanks to an additional NBA finals game.  ESPN programming costs went up because of renewals for The Masters and international soccer rights, along with contractual rate hikes for NBA and MLB.  Disney Channel and Freeform (formerly Disney Family) gained from higher affiliate revenue, but were down overall because of a decrease in program sales.

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Q2 2o16 – Carmike Cinemas Earnings Call Summary


Below are my key takeaways from the Carmike Cinemas Q2 2016 Earnings Call on Aug 1:


David Passman, CEO, stated, “Our second quarter results reflect the continued successful execution of our theatre-level initiatives and operating effectiveness around our recent acquisitions, offset by the difficult year-over-year comparison related to the record U.S. box office performance in the second quarter of 2015.”

Has agreed to a merger agreement with AMC Entertainment for $1,200MM.  AMC will acquire all outstanding shares of Carmike in cash and stock.  Expected to be completed by YE 2016.

Total revenue in the quarter was down 6.6% YoY to $204.7MM.  Admission revenue fell 9.5% to $122.1MM, while concessions were down only 1.9% to $82.5MM.

Total attendance was 15.9MM in the quarter, down 10.4% from the 17.7MM who came in Q2 2015. Avg. ticket price was $7.69 a slight increase from last years’ $7.62.  Spending on concessions per patron grew 9.5% YoY to $5.20, which makes it 26 consecutive reporting periods of YoY growth in concessions per patron spending.

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Q2 2016 – Scripps Networks Earnings Call Summary


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


Opening statement from Ken Lowe, CEO, was “Scripps Interactive again delivered another quarter of strong operating performance…”

Total operating rev +22% YoY to $893MM, consolidated advertising rev +29%, ad revenue for US networks +9% and crossed $500MM in the quarter for first time ever.  Consolidated adjusted segment profit up 14%.  Closed a record upfront.

HGTV was the number one network, in terms of revenue, at $283MM. Food Network was second with $241MM, followed by Travel Channel at $86MM, DIY at $47MM and Cooking Channel at $37.  All channels grew revenue in the quarter, except for DIY, which fell 2%.

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