FOXA News & Events

Notable companies reporting before Monday's open, with earnings consensus, include Circle Internet (CRCL), consensus 18c... Fox (FOXA), consensus 90c... Monday.com (MNDY), consensus 18c.

"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.DISNEY RESULTS:This week, Disneyreported better-than-expected Q2 earnings and revenue. Of note, Disney Entertainment subscription and affiliate revenues grew 14% compared to the prior-year quarter, with the Fubo transaction contributing 5%. Disney Entertainment advertising revenues grew nearly 5% compared to the prior-year quarter, with the Fubotransaction contributing more than 1%. "This growth reflects our expanding streaming revenues more than offsetting our declining linear revenues," the company said. "We currently generate more Entertainment subscription and affiliate fees and advertising revenues from SVOD than linear TV, and we expect the mix shift from linear toward streaming to continue." Looking ahead, the company said it continues expect double-digit growth in adjusted EPS in fiscal 2027, excluding the impact of the 53rd week.WARNER BROS. DISCOVERY RESULTS:Warner Bros. Discoveryalso reported quarterly results this week, with Q1 revenue in line with consensus estimates but GAAP earnings missing. Warner Bros. noted that the sharp net loss for the quarter includes a $2.8B termination fee to Netflix.Of note, the company said it is "on track" to surpass 150M HBO Max subscribers by year-end. "Over the last four years, we have consistently reiterated the imperative to scale HBO Max as a global streaming service," the company said. "Today, that vision has been successfully achieved. We launched HBO Max in the U.K. and Ireland on March 26th, following strong launches in Germany and Italy at the beginning of the year. With these launches, HBO Max is now available in all of our key target markets globally, and the multi-year international rollout of HBO Max is largely complete. While these recent launches represent a significant expansion of HBO Max's global availability, we also see substantial runway for continued penetration growth in existing markets driven by the core of our product, which remains high-quality content that inspires consumer demand and engagement. Fueled by global tentpole titles like A Knight of the Seven Kingdoms and The Pitt, our increasing investment in local language content such as Like Water for Chocolate and Dona Beja, and access to marquee events like the 2026 Olympic Winter Games, we meaningfully exceeded our guidance of more than 140 million global streaming subscribers at the end of the first quarter. With ongoing momentum, we are on track to surpass 150 million global subscribers by the end of 2026."IAC/DILLER:IACChairman Barry Diller said he would be willing to acquire CNN, arguing the network is underinvested and in need of innovation in both its digital and broadcast offerings, while expressing confidence that it remains a strong asset if modernized, The Wall Street Journal's Cara Lombardo reported. CNN is owned by Warner Bros. Discovery, which Paramount Skydanceagreed to buy in an $81B deal earlier this year. Diller said he would "absolutely" buy CNN, saying at the WSJ's Future of Everything Festival that "I would do it tonight and tomorrow night. Before they ruin it any further. Hopefully before it's extinct, which, I mean, it's not gonna be."PARAMOUNT RESULTS:On Monday, Paramount Skydance reported upbeat Q1 results but provided a conservative revenue outlook for Q2, with the company noting that the Warner Bros. Discovery deal is "on track" to close in Q3. Looking to streaming, Paramount said that DTC revenue grew 11% year-over-year to $2.4 B, led by 17% growth at Paramount+, which added 700,000 subscribers, or 1.9M excluding the exit of international hard bundle subscribers. The company added that it continues to expect accelerating DTC revenue and profit in 2026.FUBO RESULTS:Meanwhile, FuboTV reported mixed Q2 results this week, though it reiterated its "confidence" in its FY26 adjusted EBITDA target of at least $300M. "Looking ahead, we are making progress on multiple new integrations with Disney, leveraging the content portfolios of Fubo and Hulu + Live TV, which are expected to drive sustained subscriber, revenue and Adjusted EBITDA growth while delivering on the consumer promise of our business combination," the company said.AMC NETWORKS RESULTS:AMC Networksreported lower-than-expected Q1 adjusted earnings per share, though revenue beat consensus. Looking ahead, the company reiterated its FY26 revenue outlook. Commenting on the quarter, CEO Kristin Dolan said, "AMC Global Media delivered another quarter of double-digit streaming revenue growth and robust free cash flow generation. We are tracking to plan across all key metrics and are pleased to reiterate our financial outlook for the year. During this changing time in media, we continue to follow our own differentiated playbook as a studio-driven owner of world-class IP, fully distributed across a wide range of owned and partner platforms."NETLIX/NFL:Netflix is near a deal with the National Football League that appears likely to include the week one game in Australia, a game the day before Thanksgiving, and the Christmas games, Puck News' John Ourand reported Thursday.PRIME VIDEO CLIPS:On Friday, Amazonsaid that Prime Video is bringing a new way to experience content on your phone. Clips-a scrollable, short-form video feed that first launched with NBA highlights on the NBA collection page during the 2025-26 season - is expanding to include moments from movies and series across the Prime Video experience. "As a first-stop entertainment destination, Prime Video offers customers a vast selection of premium content, and we want to make it as easy and seamless as possible for them to discover what's most relevant," said Brian Griffin, director of global application experiences at Prime Video. "Clips gives customers a whole new way to browse with short, personalized snippets tailored to their interests. Whether they have a few minutes to scroll or are looking for something to watch when they have more time, entertainment is just a tap away."STOCK PLAYS:Other publicly traded companies in the space include Comcast, Fox, Apple, and Roku.

"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.PLAYING THIS WEEKEND:Among this weekend's new streaming content is HBO'snew British television drama "Half Man," starring Jamie Bell and Richard Gadd. Meanwhile, Netflixsubscribers can catch the new season of sports comedy "Running Point" starring Kate Hudson, as well as animated sci-fi series "Stranger Things: Tales from '85," a spinoff of "Stranger Things."WARNER BROS./PARAMOUNT:On Thursday, Warner Bros. Discovery announced that its stockholders voted to approve the transaction with Paramount Skydance. Based on the preliminary vote count from the special meeting, WBD stockholders voted to approve the adoption of the merger agreement with Paramount. The transaction is expected to close in Q3.Following the announcement, Senator Elizabeth Warren, a Democrat from Massachusetts, said in a post on X, formerly Twitter, "The Paramount-Warner Bros. merger isn't a done deal. State attorneys general across the country are stepping up to stop this antitrust disaster. We need to keep up this fight."NETFLIX BUYBACK:In a regulatory filing this week, Netflix said that its Board of Directors on April 22 authorized the repurchase of an additional $25B of the company's common stock, in addition to the repurchase program authorized in December 2024, each without an expiration date. The company had approximately $6.8B available for repurchase as of March 31, 2026 under the company's December 2024 share repurchase authorization.COMCAST RESULTS:On Thursday, NBCUniversal owner Comcastreported Q1 earnings and revenue that beat consensus estimates but marked a year-over-year declines in earnings. Of note, the company's Peacock streaming services delivering "strong growth," with paid subscribers increasing 12% year-over-year to 46M and revenue growth surpassing $2B for the first time, marking a 71% increase. The increase follows Peacock's coverage of the 2026 Winter Olympics, as well as the NBA All-Star Game.ROKU PT HIKES:On Friday, KeyBanc raised the firm's price target on Rokuto $140 from $130 and keeps an Overweight rating on the shares. The firm sees Roku's Q1 results tracking ahead of expectations, reflecting no major Ad disruption from the war and an ongoing ramp of Subscription revenue. While energy prices may keep the raise to annual guidance measured, KeyBanc would view this as a sign of management conservatism.Several days earlier, Guggenheim raised the firm's price target on Roku to $130 from $115 and keeps a Buy rating on the shares. Achievement of 100M streaming households, combined with the company's recent segment disclosure separating Advertising and Subscriptions, reinforces the firm's conviction in its "strategic evolution thesis," the analyst tells investors.STOCK PLAYS:Other publicly traded companies in the space include Disney, Fox, Amazon, Apple, AMC Networks, and FuboTV.

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is considering cutting its support for LIV Golf, people familiar with the matter told Financial Times' Samuel Agini, Arash Massoudi and Sujeet Indap. An announcement on the future of the kingdom's involvement in LIV, which has racked up huge losses since being set up five years ago, could come as soon as Thursday, the sources said. Golf suppliers include Acushnet (GOLF) and Callaway Golf (CALY). Golf broadcasters include Comcast's (CMCSA) NBC, Paramount Skydance (PSKY), Disney's (DIS) ESPN and Fox Corp. (FOXA).