Live Nation Quarterly Revenue Jumps 27% As Concert Business Continues to Soar
Revenue at the concert promotion giant hit $5.6 billion, generating earnings per share of $1.02.
Revenue at the concert promotion giant hit $5.6 billion, generating earnings per share of $1.02.
Universal reported subscription revenues in its recorded music department rose 10.6% in the second quarter.
Samsung Electronics continues to cut back its memory chip production, including NAND flash used in smartphones and PCs, after reporting a $3.4 billion (4.36 trillion won) operating loss in the second quarter of this year in its memory chip unit. The world’s biggest memory chip maker posted a roughly $7 billion operating loss in its…
The music giant hit $2.94 billion in the second quarter, thanks in part to a 10.6% year-over-year increase in subscription revenue.
Company also expects to spend ever more money to support its ongoing AI efforts.
Execs said a revenue boost from higher subscription prices is coming, but investors are disappointed by the second quarter’s revenues and weak forecast.
A year ago today, Netflix reported its largest quarterly loss ever, with 970,000 subscribers dropping the service. The company has since crawled out from under the rubble. Netflix revealed Wednesday that, for the second quarter of 2023, the streaming giant saw a jump (or should we say leap) in 5.9 million global subscribers, bringing the…
Tesla will announce its second-quarter earnings Wednesday after the bell. Investors will be listening out for more details on the much-delayed Cybertruck, as well as how Tesla’s many price cuts have affected automotive gross margins. Wall Street estimates predict Tesla will bring in around $24.9 billion in revenue for the quarter, which is nearly 50%…
The publicly traded fund’s gross revenue declined during the year ending in March based on one-time costs and a tough year-ago comparison.
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