Category: Entertainment

Roku Crushes Wall Street Expectations With Latest Earnings

By AnswerStock•

The company increased its bottom line and minimized its losses. 

Earnings season continues, and last week, Roku released its second-quarter earnings report. Roku regularly beats Wall Street expectations, and this latest earnings report was no exception. The company’s revenue increased by 59% year over year, and it lost less money than expected. 

Continue reading “Roku Crushes Wall Street Expectations With Latest Earnings”

Why Did Disney Miss Q3 Expectations?

By AnswerStock•

Disney stock drops after disappointing earnings…

Not a great start to the week for Disney investors. The company released its third-quarter financial results yesterday, which missed Wall Street’s expectations.

After the company’s Q3 earnings were made public, Disney’s stock dropped 4% in after-hours trading.

Continue reading “Why Did Disney Miss Q3 Expectations?”

Netflix Loses Rights to Air “The Office”

By AnswerStock•

The company will lose the rights to air its most popular series in 2021…

Providing great content is everything for Netflix so the company was under pressure when it came out that Netflix will lose one of its most popular series. “The Office” will be removed by NBC in 2021. 

Netflix offered to pay NBC $90 million per year to continue airing the show but NBC declined. “The Office” is one of the most-watched shows on Netflix so it will be a major blow for the company to lose the series.   Continue reading “Netflix Loses Rights to Air “The Office””