Media and Entertainment Stocks Making Strides Amid Streaming Shifts
Overview: Amidst a mixed overall market performance, the media and entertainment sector is capturing attention as companies navigate the evolving landscape of streaming services. Despite significant strides in profitability for some, skepticism remains over the long-term viability of these businesses. Streaming Profitability: Mixed Results This earnings season has highlighted notable progress among media giants in their streaming ventures. Over the past two years, price hikes, crackdowns on password sharing, ad-supported plans, and large-scale layoffs have reshaped the industry, pushing companies closer to profitability. However, most streaming services still operate at a loss, leaving investors doubtful about sustained profitability. Disney: A Surprising Turnaround
Beat FCF, Light on EBITDA, DTC Net Adds Beat RJE But Miss Street
⬆ $Warner Bros Discovery (WBD)$ - 4Q23: BIG FCF Beat, But Adj. EBITDA Light, Seems Strikes Related (Plus Lower Content Spending)DTC Net Adds: Missed Street, But Beat RJE. Total... Continue reading on Smartkarma:- https://www.smartkarma.com/insights/beat-fcf-light-on-ebitda-dtc-net-adds-beat-rje-but-miss-street?utm_source=tiger_community By CGS CIMB Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cgs-cimb-research?utm_source=tiger_community On Warner Bros Discovery (WBD):- https://www.smartkarma.com/entities/warner-bros-discovery-inc?utm_source=tiger_community