Tag: time warner

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 – 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:

Continue reading “Q2 2016 – Charter Earnings Call Summary”

Q2 2016 – Time Warner Earnings Call Summary

Time Warner

Below are my key takeaways from the Time Warner Q2 2016 Earnings Call on Aug 3:

Summary:

Jeff Bewkes, CEO, said ‘we are well on our way to exceeding 2016 goals’.

Total revenue fell 5% to $6,952MM, from $7,338MM in Q2 2015.  Warner Brother’s 19% decline to $2,658MM was the main factor.  Last year was hard to replicate with San Andreas and Mad Max: Fury Road in theaters, American Sniper and The Hobbit on DVD, Batman: Arkham Knight in gaming, and The Big Bang Theory and Seinfeld in syndication.  Turner increased 6% to $3,010MM due to increases in subscription and advertising revenues, and HBO grew 2% to $1,467MM.

Agreed to buy a 10% stake in Hulu, which will allow Turner cable networks to be shown on Hulu’s planned live and on demand video streaming service coming in 2017.

Received 148 Emmy nominations, more than any other company.  HBO led the way with 94, the most for any network for the past 16 years.  TNT and TBS finished as the two highest rated ad-supported cable networks in primetime among 18-49 year olds.

HBO launched Bill Simmon’s Any Given Wednesday and saw Game of Thrones season 6 reach over 25MM viewers across all platforms.

Warner Brothers had great success in Central Intelligence ($203MM globally as of Aug 3 2016) and The Conjuring 2 ($316MM globally as of Aug 3 2016).

Continue reading “Q2 2016 – Time Warner Earnings Call Summary”