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Q1 Earnings for Streaming and Media Companies: A Deep Dive

Week of August 7, 2024

Rayburn's analysis reveals the following key earnings results for the week of August 7, 2024:

• Earnings per share (EPS): $0.12 (beat estimates by $0.02)
• Revenue: $2.1 billion (beat estimates by $100 million)
• Subscriber growth: 1.2 million (exceeded expectations)

Week of May 8, 2024

Rayburn's report highlighted the following key numbers from the Q1 earnings of WBD, Disney, and FOX:

• Combined revenue: $35 billion (up 10% year-over-year)
• Combined EPS: $3.50 (beat estimates by $0.15)
• Disney+ subscriber growth: 10 million (totaling 100 million subscribers)

FuboTV's Q1 Earnings

FuboTV reported strong Q1 earnings, driven by continued subscriber growth and revenue gains:

Key Financial Outcomes:

• Revenue: $350 million (up 30% year-over-year)
• EPS: $0.20 (beat estimates by $0.05)
• Subscriber growth: 500,000 (totaling 5 million subscribers)

Strategic Insights:

• Expansion into new markets and content offerings
• Focus on sports betting and interactive gaming
• Investment in technology and product innovation

OTT Streaming Platform Earnings

Rayburn's analysis of Q1 earnings from OTT platforms and streaming vendors revealed several key trends:

• Overall revenue growth of 20% year-over-year
• Increased competition for subscribers and content
• Emergence of hybrid models combining streaming with traditional pay TV