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Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Finance News

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4 […]

Sony raises guidance on gaming strength, quarterly operating profit beats estimates Read More »

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony reports 69% jump in operating profit, beating expectations

Finance News

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony reported a 69% jump in operating profit Thursday, smashing analyst expectations. Here’s how the Japanese tech giant did in the September quarter, versus LSEG consensus estimates: Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That’s up 69% year-over-year and beats analyst

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Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

Business News

Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump Read More »

As Americans head to the polls, social media companies are in the spotlight

As Americans head to the polls, social media companies are in the spotlight

Finance News

Kamala Harris and Donald J. Trump social media sites on X, formerly known as Twitter, are displayed on mobile phones screens for illustration photo.  Beata Zawrzel | Nurphoto | Getty Images With Americans heading to the polls on Election Day, social media companies like Meta, TikTok, X and YouTube are under intense pressure to handle

As Americans head to the polls, social media companies are in the spotlight Read More »

Comcast’s potential cable networks separation will test the appetite for media reconfiguration

Comcast’s potential cable networks separation will test the appetite for media reconfiguration

Business News

Mike Cavanagh, President of Comcast Corporation, at the Allen & Company Sun Valley Conference on July 12, 2023 in Sun Valley, Idaho. David A. Grogan | CNBC Comcast is thinking about separating or spinning off NBCUniversal’s cable networks. If it moves forward with the idea, it could lay the groundwork for a reconfiguration of the

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Comcast is exploring separation of cable networks business

Comcast is exploring separation of cable networks business

Business News

Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.” The possible separation would not include broadcast network

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Uber reports third-quarter results that beat Wall Street’s revenue expectations

Uber reports third-quarter results that beat Wall Street’s revenue expectations

Finance News

Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market

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Here’s what to know before Comcast reports third-quarter earnings

Here’s what to know before Comcast reports third-quarter earnings

Business News

NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both broadband and streaming platform Peacock. Investors in recent quarters have homed in on the broadband

Here’s what to know before Comcast reports third-quarter earnings Read More »

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