Communication Services Earnings Report — 2026-07-16 to 2026-08-30
Report generated: 2026-08-30 17:03:29 EDT
Overview
Companies reported: 118 (2026-07-16 - 2026-08-30). Communication Services results were broadly positive, driven by robust revenue expansion and significant profitability improvements across digital platforms and AI-enabled service providers. While major leaders like Meta Platforms (META) and Warner Bros. Discovery (WBD) faced margin compression from elevated costs and legacy declines, standout performers such as Roku (ROKU) and Reddit (RDDT) delivered double-digit revenue growth alongside substantial net income surges. The sector displayed a clear bifurcation where companies leveraging artificial intelligence, programmatic advertising, and high-margin IP strategies outperformed those reliant on traditional linear models or facing liquidity constraints.
Leaderboard
Top 5 by Revenue Growth (YoY)
| # | Company | Ticker | Revenue Growth YoY | Revenue |
|---|---|---|---|---|
| 1 | Gaxos (GXAI) | GXAI | 1,337% | $2.46 million |
| 2 | Cineverse (CNVS) | CNVS | 175% | $30.6 million |
| 3 | Entravision Communications (EVC) | EVC | 126% | $227.9 million |
| 4 | Ooma (OOMA) | OOMA | 25% | $83.2 million |
| 5 | Firy (FIRY) | FIRY | 23% | $31.0 million |
Gaxos (GXAI) growth includes a one-time gain from the sale of gaming assets.
Top 5 by Net Income Growth (YoY)
| # | Company | Ticker | Net Income Growth YoY | Net Income |
|---|---|---|---|---|
| 1 | QuinStreet | QNST | 1,626% | $81.2 million |
| 2 | Roku | ROKU | 1,464% | $164.2 million |
| 3 | Gaxos | GXAI | 1,337% | $241,056 |
| 4 | RDDT | 183% | $253 million | |
| 5 | CuriosityStream | CURI | 1,033% | $8.9 million |
Net income growth for Gaxos (GXAI) is derived from a prior-year period net loss, resulting in a high percentage increase to a positive income figure.
Themes
- AI integration is a primary growth driver, with companies like Ooma (OOMA), Magnite (MGNI), and Meta Platforms (META) leveraging AI for product enhancements, ad targeting, and efficiency, while others such as Arena Group (AREN) and Thryv (THRY) pivot to AI-driven business models.
- Significant capital allocation toward debt reduction and balance sheet optimization is evident across the sector, with firms including Beasley Broadcast Group (BBGI), Array Digital Infrastructure (AD), and Lumen Technologies (LUMN) executing major paydowns to lower leverage ratios.
- The sector is experiencing a bifurcation in advertising demand, where digital and CTV growth (e.g., Magnite, Teads) contrasts with declines in traditional linear and agency models (e.g., iHeartMedia, Cardlytics), prompting strategic shifts toward programmatic and direct response capabilities.
- Restructuring and cost reduction initiatives are widespread, with companies like Scripps (SSP), PlayStudios (MYPS), and Thryv implementing workforce reductions and operational streamlining to achieve annualized savings targets.
- Mergers and acquisitions remain active, ranging from strategic consolidations like the Omnicom (OMC) integration of IPG to major transactions such as the proposed Roku acquisition by Fox (FOXA) and Nexstar's (NXST) TEGNA deal.
- Content monetization and IP strategies are central to growth, with studios like Lionsgate (LION) and Warner Bros. Discovery (WBD) focusing on library value and streaming profitability, while entertainment venues like Sphere (SPHR) and Reading International (RDI) rely on high-margin live events and film slates.
- Telecom infrastructure and fiber expansion continue to drive revenue, with TDS (TDS) and Cable One (CABO) reporting subscriber growth and capital expenditure increases, though some operators face headwinds from legacy service declines.
- Several companies face liquidity constraints or going concern risks, including Direct Digital (DRCT), Getty Images (GETY), and Cardlytics (CDLX), necessitating asset sales, financing alternatives, or strategic pivots to stabilize operations.
- Capital returns via share repurchases and dividends are being prioritized by cash-generative leaders such as Disney (DIS), Reddit (RDDT), and Warner Music Group (WMG), even as some firms suspend guidance or dividends due to transactional uncertainty or market volatility.
Market Outlook & Trends
- Revenue growth is being driven by specific demand shifts, including POTS replacement and AI features at Ooma (OOMA), the ramp-up of ElphaPex ASIC miners at Datacentrex (DTCX), and the launch of new AI-driven services and acquisitions at Super League (SLE).
- Demand for digital infrastructure and content is showing mixed signals, with strong growth in CTV and AI licensing at CuriosityStream (CURI) and Magnite (MGNI), contrasted by declining legacy search revenue at Inuvo (INUV) and softness in traditional broadcast advertising at Beasley Broadcast Group (BBGI).
- Backlog and capacity expansion are evident in the Telecom and Gaming sectors, where Ooma (OOMA) cites record Adjusted EBITDA and user growth, while Take-Two (TTWO) points to a robust backlog of $1.5 billion and the upcoming launch of Grand Theft Auto VI as a key growth driver.
- Pricing and cost expectations vary by segment, with companies like Datacentrex (DTCX) and Optimum Communications (OPTU) facing margin pressure from rising power rates and network costs, whereas others like Motorsport Games (MSGM) and Playtika (PLTK) are expanding margins through operational leverage and strategic cost reductions.
- Several companies have raised full-year guidance based on strong execution, including CuriosityStream (CURI), Magnite (MGNI), and InterDigital (IDCC), while others like Warner Bros. Discovery (WBD) and Teads (TEAD) have suspended or withdrawn guidance due to strategic uncertainty or market volatility.
- Significant capital allocation is underway, with major share repurchase programs announced by Roblox (RBLX), TKO Group (TKO), and Pinterest (PINS), alongside debt reduction efforts at Datacentrex (DTCX) and Beasley Broadcast Group (BBGI) to improve balance sheet health.
- Strategic pivots toward AI and high-margin IP are central to future outlooks, with companies like Arena Group (AREN) rebranding to Paradium.AI, iHeartMedia (IHRT) targeting a 50% increase in programmatic revenue, and LiveOne (LVO) accelerating AI initiatives.
- Risks identified by management include substantial doubt regarding going concern status for Direct Digital (DRCT) and Getty Images (GETY), regulatory and litigation risks for Trump Media (DJT) and Warner Bros. Discovery (WBD), and geopolitical conflicts impacting Travelzoo (TZOO) and Globalstar (GSAT).
- M&A activity is reshaping the sector, with major transactions including the proposed acquisition of Roku by Fox Corp (FOXA), the pending merger of TAE Technologies with Trump Media (DJT), and the acquisition of Captivate Holdings by National CineMedia (NCMI).
- Seasonal and cyclical factors remain critical, with Reading International (RDI) and Gray Media (GTN) relying on a robust movie slate and political advertising cycles, while FuboTV (FUBO) and Live Nation (LYV) anticipate growth driven by sports partnerships and international venue expansion.
Key Numbers
- Roku (ROKU) reported Q2 2026 total net revenue of $1.35 billion, up 22% year-over-year, with net income surging 1,464% to $164.2 million and Adjusted EBITDA rising 225% to $254.3 million.
- Reddit (RDDT) posted Q2 2026 revenue of $805 million, a 61% year-over-year increase, while net income jumped 183% to $253 million and Adjusted EBITDA more than doubled to $343 million.
- Take-Two Interactive (TTWO) saw Q1 FY2027 GAAP net revenue rise 2% to $1.53 billion, though GAAP net loss widened to $34.1 million due to a $43.4 million impairment charge, with full-year revenue guidance updated to $7.90–$8.10 billion.
- Warner Bros. Discovery (WBD) reported Q2 2026 total revenues of $8.717 billion, down 12% ex-FX, with net income falling 91% to $149 million and Adjusted EBITDA declining 6% ex-FX to $1.879 billion.
- Meta Platforms (META) recorded Q2 2026 revenue of $60.80 billion, up 28% year-over-year, while operating income and net income declined 8% and 14% respectively to $18.78 billion and $15.85 billion due to a 55% surge in total costs and expenses.
- Snap Inc. (SNAP) reported Q2 2026 revenue of $1.599 billion, up 19% year-over-year, with net loss narrowing 38% to $164 million and Adjusted EBITDA surging 505% to $250 million.
- Live Nation Entertainment (LYV) posted Q2 2026 consolidated revenue of $7.7 billion, up 9% year-over-year, with operating income rising 7% to $522 million and free cash flow increasing to approximately $2 billion.
- Roblox (RBLX) reported Q2 2026 revenue of $1.5 billion, up 36% year-over-year, while consolidated net loss narrowed to $185 million and adjusted EBITDA expanded to $152 million.
- Ooma Inc. (OOMA) reported Q2 FY2027 total revenue of $83.2 million, up 25% year-over-year, with Non-GAAP net income increasing 58% to $10.2 million and record Adjusted EBITDA of $12.4 million.
- Reading International (RDI) posted Q2 2026 revenue of $66.9 million, up 11% year-over-year, with operating income surging 159% to $7.5 million and net income turning positive at $2.3 million.
Outliers
- Ooma (OOMA) delivered the strongest report with 25% revenue growth, record Adjusted EBITDA of $12.4 million, and a 58% surge in Non-GAAP net income driven by AI features and acquisitions.
- Reddit (RDDT) posted the second strongest result with 61% revenue growth, an 183% jump in net income, and a 106% increase in Adjusted EBITDA to $343 million.
- Snap Inc (SNAP) reported the third strongest performance with 19% revenue growth, a 505% surge in Adjusted EBITDA, and a 38% narrowing of net losses.
- Trump Media & Technology Group (DJT) issued the weakest report due to a $238.1 million net loss driven by $190.4 million in non-cash unrealized losses on digital assets.
- Getty Images (GETY) presented the second weakest outlook, citing substantial doubt about its ability to continue as a going concern, withdrawing guidance, and reporting a widened net loss of $85.8 million.
- Direct Digital Holdings (DRCT) reported the third weakest results with 23% revenue declines, a $3.6 million net loss, and explicit substantial doubt regarding its ability to continue as a going concern due to covenant non-compliance.
- Flash Sports & Media Holdings (FLZH) posted the fourth weakest performance with a 93.8% revenue decline to $0.1 million and an $8 million net loss despite significant balance sheet restructuring.
25 most recent Communication Services earnings
Ooma — Fiscal Second Quarter 2027 Earnings Summary
OOMA INC
Total revenue grew 25% year-over-year to $83.2 million, driven by a 24% increase in subscription and services revenue to $75.6 million, while GAAP net income rose to $3.0 million and Non-GAAP net income increased 58% to $10.2 million. Management provided full-year fiscal 2027 revenue guidance of $332.0–$333.5 million and Non-GAAP net income guidance of $39.5–$40.3 million, citing growth from POTS replacement demand, new AI features, and the December 2025 acquisitions of FluentStream and Phone.com. The company achieved record Adjusted EBITDA of $12.4 million and reduced total debt from $57.9 million to $47.0 million, while generating $13.1 million in net cash provided by operating activities. Strategic product launches included Ooma AirDial (up 75% YoY), new AI-driven services for Ooma Office, and the residential Ooma MyPhone product, with total users now exceeding 2 million.
Datacentrex — Q3 2026 Earnings Summary
DATACENTREX INC
Financial Performance: The Company deployed 500+ ElphaPex DG2 Scrypt ASIC miners fully prepaid in 2025, requiring no incremental capital expenditure; upon energization, aggregate hashrate is expected to rise 21% to approximately 52 TH/s, improving fleet energy efficiency. Strategic Outlook: Management is expanding the asset base during sector consolidation while preserving liquidity, with plans to pursue selective investments in digital-asset infrastructure, data-center operations, and quantum-computing-adjacent technologies. Operational Timeline: The new hardware units are expected to be delivered and energized within 30 days of the August 24, 2026 announcement, with the fleet merge-mining Dogecoin and Litecoin under the Scrypt algorithm. Market Context: Scrypt mining economics have improved following a 32% appreciation in Dogecoin over the seven days ended August 21, 2026, contrasting with a period where competitors are retreating from the market.
Super League — Second Quarter 2026 Earnings Summary
SUPER LEAGUE ENTERPRISE INC
Net revenue rose 16% sequentially to $1.24 million while gross revenue remained flat at $3.0 million year-over-year; gross margin expanded to 41% from 36%, and Adjusted EBITDA loss narrowed 20% year-over-year to $1.7 million, though net loss widened to $4.39 million. Management targets Adjusted EBITDA profitability in Q4 2026 and asserts existing liquidity of $6.7 million is sufficient to fund operations without raising additional capital. Strategic progress includes the May 1 acquisition of Misfits Ads assets to enhance programmatic capabilities, the launch of a Youth and Family Marketplace, and the elimination of all outstanding preferred stock. The weighted pipeline per seller for opportunities through year-end increased approximately 57% from Q1 levels, signaling improved commercial momentum despite a challenging advertising environment.
Flash Sports & Media Holdings, Inc. — Second Quarter 2026 Earnings Summary
FLASH SPORTS & MEDIA HOLDINGS INC
Reported Q2 2026 revenue from continuing operations of $0.1 million, a 93.8% decline versus $0.7 million in Q2 2025, while total operating expenses reached $6.5 million, resulting in an $8 million net loss ($0.91 per share) compared to a $6.2 million loss in the prior year period. Significant balance sheet restructuring occurred following the February 2026 merger with IPG, driving total assets to $266 million and stockholders' equity to $191.9 million from a $45.2 million deficit, though the company faces a $63.6 million working capital deficiency and $136 million accumulated deficit. Management expects to recognize substantially all $3.4 million in contract liabilities as revenue in Q3 2026 as Season 6 of the Lanka Premier League performance obligations are satisfied, with pro forma H1 2026 revenue at $0.5 million versus $2.3 million in 2025 due to the league calendar shift. Strategic milestones included the completion of the merger's second step, retirement of legacy debt obligations, and the classification of the legacy agriculture business as discontinued operations, while the company maintains a Nasdaq listing despite risks regarding revenue timing and collectability.
Elauwit Connection, Inc. — Second Quarter 2026 Earnings Summary
ELAUWIT CONNECTION INC
Revenue declined 46% year-over-year to $2.9 million for Q2 2026 and 32% to $7.3 million for the six-month period, while net loss widened to $3.1 million for the quarter and $5.3 million year-to-date compared to prior year losses of $0.9 million and $1.3 million, respectively. Deferred revenue grew significantly to $5.3 million as of June 30, 2026, up from $2.9 million at year-end 2025, and contracted units increased 33% year-over-year to 42,687, though cash reserves dropped to $1.2 million from $6.2 million. Management expects construction activity and revenue to be weighted toward the second half of 2026, with anticipated operating cost and margin benefits from new ERP and inventory platforms emerging in Q3 and Q4. The company secured major wins with two large REIT owners in July 2026, adding over 4,100 units, and projects exceeding 50,000 contracted units by year-end 2026, representing a 46% annualized increase. Stockholders' equity turned negative to a deficit of $(0.8) million as of June 30, 2026, down from $4.4 million in December 2025, driven by increased operating expenses and net losses.
MediaCo Holding Inc. — Second Quarter 2026 Earnings Summary
MEDIACO HOLDING INC
Second quarter net revenue rose 9% year-over-year to $33.969 million, while year-to-date revenue increased 10% to $65.4 million; however, second quarter net loss widened 17% to $8.613 million and Adjusted EBITDA declined 38% to $0.942 million. Operating expenses increased 2% to $38.9 million in the quarter, driven by a 10% year-to-date rise to $77.8 million, alongside higher interest expenses and losses on asset disposals compared to prior periods. EstrellaTV recorded its fourth consecutive quarter of audience growth with a 38% year-over-year increase in P18-49 prime time ratings for the first half of 2026, while digital channels accounted for 47% of advertising sales. Management emphasized a cross-platform strategy and a companywide cost reduction initiative to streamline operations, expressing confidence in future growth driven by a strong sales pipeline and expanding distribution.
Motorsport Games — Second Quarter 2026 Earnings Summary
MOTORSPORT GAMES INC
Q2 2026 total revenues reached $3.5 million (up 36.6% YoY), while six-month revenues rose 74.0% to $7.6 million; six-month gross profit margin expanded to 84.7% from 78.8% in the prior year period. Net income for Q2 2026 was approximately $0.2 million, a significant decrease from $4.2 million in Q2 2025 which included $3.1 million in non-recurring gains; however, six-month Non-GAAP Adjusted diluted net income per share increased to $0.33 from $0.24. RaceControl subscription revenues surged 348.9% to $1.4 million for the first half of 2026, representing 18.0% of total revenues with over 40,500 paid subscribers, while *Le Mans Ultimate* base game sales exceeded 500,000 units. Strategic capital allocation included the repurchase and retirement of all Class B Common Stock to eliminate super-voting rights, and the appointment of Peter Hansen-Chambers as CFO effective July 1, 2026. Management highlighted consistent business transformation and positive cash flow from operations averaging $0.5 million monthly, with *Le Mans Ultimate* U.S. Track expansion reporting record single-day revenues.
Reading International — Second Quarter 2026 Earnings Summary
READING INTERNATIONAL INC
Q2 2026 total revenues reached $66.9 million (up 11% YoY), with operating income surging 159% to $7.5 million and EBITDA growing 79% to $11.3 million, marking the strongest second quarter results since 2019. Net income turned positive at $2.3 million compared to a $2.8 million loss in Q2 2025, while the six-month period saw net loss decrease 25% to $5.8 million and EBITDA rise 14% to $10.4 million. Management projects a strong full-year 2026 outlook driven by a robust movie slate including *Avengers: Doomsday* and *Dune 3*, with Q3 momentum already established by record-breaking box office weekends in the U.S. and Australia. Strategic focus includes monetizing specific assets (Cinemas 123 NYC, Newberry Yard) and executing loan amendments to manage liquidity, though total short-term debt increased $72.0 million to $108.0 million as certain obligations became due within the next twelve months.
Creatd, Inc. — Q2 2026 Earnings Summary
CREATD INC
Total current assets surged to $8.4 million as of June 30, 2026, from approximately $750,000 the prior year, driven by proceeds from the sale of Flyte, while working capital improved by nearly $8 million to a positive $1.1 million from a negative $6.8 million. Marketable securities increased to $4.5 million from $252,000, and the company introduced $3.4 million in notes receivable, which did not exist in 2025. Management confirmed the company is current in SEC reporting, filed its first Form 10-Q since Q3 2023, and is preparing final steps to apply for listing on a national exchange. No specific revenue, earnings, profit margins, or debt figures were disclosed in the press release.
Kartoon Studios — Second Quarter 2026 Earnings Summary
KARTOON STUDIOS INC
Revenue declined 43% year-over-year to $5.8 million due to lower production services revenue, while total expenses decreased 32% to $9.2 million; net income turned positive at $27.0 million compared to a $6.3 million loss in the prior-year period, driven by a $39.2 million non-recurring gain from litigation settlements. The company completed the sale of the Frederator channel network to sharpen its strategic focus on owned intellectual property, appointed a new SVP of Consumer Products and Licensing, and secured a distribution partnership with Amazon Prime for the *Hundred Acre Wood* franchise. Management anticipates the launch of the *Hundred Acre Wood* franchise in February 2027 followed by Stan Lee Universe properties, projecting that the strategic transformation will improve profitability and shift growth drivers toward high-margin IP monetization in 2027. The balance sheet remains strong with $40.5 million in cash and marketable securities, no long-term debt, and an additional $39.2 million held in escrow pending legal fee determination.
Boston Omaha Corporation — Second Quarter 2026 Earnings Summary
BOSTON OMAHA CORP
Total revenues increased to $22.2 million for the quarter (vs. $21.679 million in 2025) and $43.924 million for the six months (vs. $42.776 million), driven by growth in Billboard Rentals and Broadband Services segments. Net loss narrowed to $(1.612) million for the quarter (vs. $(2.319) million) and $(3.760) million for the six months (vs. $(2.989) million), with cash inflow from continuing operations rising to $10.1 million for the six-month period. The Company announced an agreement to acquire 100% of General Indemnity Group (GIG) for approximately $84.3 million, with the transaction expected to close in the second half of 2026; GIG is reported as held for sale and discontinued operations. The Company repurchased 451,281 shares of Class A common stock for $5.8 million during the quarter, while total unrestricted cash and investments decreased to $31.75 million as of June 30, 2026.
Firy Inc. — Second Quarter 2026 Earnings Summary
FIRY INC
Revenue reached $31.0 million, up 6% sequentially and 23% year-over-year, driven by RZR exceeding $10 million in revenue for the first time and achieving its fourth consecutive profitable quarter. Net loss widened to $24.5 million from $17.9 million in the prior year period, while Adjusted EBITDA loss improved 63% sequentially to $2.7 million, excluding litigation expenses. Management announced the completion of a rebrand to FIRY, the redemption of $80 million of debt leaving $50 million outstanding, and is actively exploring capital structure alternatives. The company secured a judgment in its favor against Papaya Gaming for $719 million plus fees, though it faces a Chapter 15 petition and court-supervised payment arrangement in Israel. Cash and cash equivalents decreased to $163.991 million as of June 30, 2026, from $194.513 million at year-end 2025, while management highlighted significant unrecognized value including $702 million in federal NOL carryforwards.
Cineverse — Q1 FY 2027 Earnings Summary
CINEVERSE CORP
Total revenue surged 175% year-over-year to $30.6 million, driven by Advertising Technology's first full quarter ($15.9M) and Media Services ($3.5M), while Adjusted EBITDA improved to $0.5 million. The company reaffirmed full-year Fiscal 2027 revenue guidance of $115–$120 million and Adjusted EBITDA guidance of $10–$20 million, with management expecting cost reduction and synergy impacts to materialize in the 3rd and 4th quarters. Technology-related revenue now exceeds 60% of the total, and the company has completed core post-merger integration, shifting focus to synergy capture with three high-potential wide-release films scheduled for the remainder of the fiscal year. Significant cost reduction initiatives are underway, including a recent reduction in force yielding $1.8 million in annualized savings and the identification of an additional $4.8 million in reductions, bringing the total synergy program target to $13 million annually. Financial headwinds persist with a net loss of $5.8 million, a direct operating margin decline to 35%, and a working capital deficit of $(18.9) million largely attributable to deferred and earnout consideration from the IndiCue acquisition.
Saga Communications, Inc. — Second Quarter 2026 Earnings Summary
SAGA COMMUNICATIONS INC
Net revenue declined 6.5% year-over-year to $26.4 million for the quarter and 6.0% to $49.3 million for the six-month period; operating income fell to $623 thousand for the quarter from $1.4 million, while the six-month operating loss widened to $2.6 million from $889 thousand. The company sold 24 telecommunications towers for approximately $10.7 million, utilizing proceeds to fully repay its $5.0 million revolving credit facility by August 10, 2026, and paid a $0.25 per share quarterly dividend totaling $1.6 million. Capital expenditures are projected to range between $3.0 million and $3.5 million for the full year 2026, with cash and short-term investments decreasing to $22.9 million as of August 10, 2026. Management intends to maintain regular quarterly cash dividends going forward, having distributed over $145 million to shareholders since 2012.
Madison Square Garden Sports Corp. — Fiscal 2026 Earnings Summary
MADISON SQUARE GARDEN SPORTS CORP
Full-year 2026 revenues rose 11% to $1,153.8 million and operating income surged 95% to $28.9 million, while the fourth quarter saw revenues jump 37% to $278.7 million and a swing from a $22.6 million operating loss to a $32.2 million profit. Net income turned positive for the full year at $7.759 million (vs. a $22.438 million loss) and $28.297 million for the fourth quarter (vs. a $1.780 million loss), driven by NBA championship playoff revenues and increased national media rights fees. The Company plans to complete the proposed spin-off of the New York Rangers from the New York Knicks by the end of October 2026, subject to board approval and other conditions. Total debt decreased to $258.5 million from $291.0 million, while cash and cash equivalents increased to $164.5 million, though net cash provided by operating activities declined to $62.7 million from $91.6 million.
Beasley Broadcast Group — Second Quarter 2026 Earnings Summary
BEASLEY BROADCAST GROUP INC
Net revenue for the quarter declined 9.6% year-over-year to $44.1 million, while GAAP net income surged to $84.3 million (vs. $0.2M loss) primarily due to a $91.8 million non-cash gain from debt restructuring. Adjusted EBITDA for the quarter rose to $5.3 million, and total outstanding debt was reduced by $95 million, with stockholders' equity shifting from a $48.4 million deficit to a $38.8 million surplus. Digital revenue grew 7.1% on a same-station basis to $11.7 million, accounting for 26% of net revenue, while local revenue increased 9% year-over-year to offset weakness in traditional agency advertising. Management reaffirmed its strategy to reduce leverage and improve free cash flow, having implemented $10 million in additional annualized expense reductions to bring total savings to roughly $30 million over the trailing twelve months.
Dolphin Entertainment — Q2 2026 Earnings Summary
DOLPHIN ENTERTAINMENT INC
Q2 2026 revenue rose 2.5% YoY to $14.4 million, though operating loss widened to $1.0 million from $0.1 million and net loss increased to $1.6 million from $1.4 million; Adjusted EBITDA declined to ~$243,000 from ~$628,000. Management expects meaningful sequential profitability improvement in Q3 2026 as one-time retention bonuses ($360,000) and elevated legal fees subside, supported by ~$127 million in NOL carryforwards shielding the company from cash taxes. Strategic initiatives include the launch of Graviteur Studios, continued progress on the DealMaker partnership, and CEO Bill O'Dowd's plan to increase ownership to over 5% via a 10(b)(5) buying plan. Financial outlook highlights anticipated lease savings of ~$1 million annually post-2027 and reduced debt service burden (~$2.2 million annually) following bank debt maturity in just over two years.
CuriosityStream — Q2 2026 Earnings Summary
CURIOSITYSTREAM INC
Revenue grew 22% year-over-year to $23.2 million, driven by a 48% surge in licensing revenue to $14.1 million, while net income and Adjusted EBITDA jumped 1,033% and 276% respectively to $8.9 million and $11.4 million. Full-year 2026 guidance was raised to $77–$82 million in revenue and $18–$22 million in Adjusted EBITDA, with management projecting a significant step-up in cash flow and revenue for the second half of the year. The company announced a Q3 cash dividend of $0.085 per share and returned capital through $5.0 million in dividends and $0.6 million in share repurchases over the first six months, maintaining a debt-free balance sheet with $10.9 million in cash. Strategic growth continues via AI data licensing (880 billion tokens) and new subscription partnerships in the US and Mexico, supported by a 73% gross margin and a 24.1% reduction in operating expenses.
Datacentrex — Second Quarter 2026 Earnings Summary
DATACENTREX INC
Revenue remained flat at $1.9 million year-over-year, while gross profit margin contracted significantly to 10.7% from 48.2% in the prior-year period due to increased power rates, resulting in a GAAP net loss of $5.5 million compared to $1.5 million previously. Adjusted EBITDA loss improved 22% sequentially to $1.3 million, and the company introduced a new Net Cash Burn measure of $61,000, representing an 88% improvement from the first quarter of 2026. Cash and cash equivalents increased to $51.9 million as of June 30, 2026, with total assets and stockholders' equity rising to $74.9 million and $74.5 million respectively, while the company maintains no debt. Management outlined a strategic transition from pure digital asset mining toward high-growth sectors including data-center operations and quantum-computing-adjacent technologies, prioritizing selective investments and acquisitions to improve fleet economics.
Direct Digital Holdings — Second Quarter 2026 Earnings Summary
DIRECT DIGITAL HOLDINGS INC
Q2 2026 revenue declined 23% year-over-year to $7.8 million; excluding a $2.5 million decrease in DSP customer revenue, core revenue grew 3%, while the six-month period saw a 21% revenue drop to $14.5 million (excluding DSP, up 5%). The company reported a net loss of $3.6 million for Q2 2026 and $9.2 million for the first half of the year, with operating expenses reduced by 7% and 10% respectively compared to prior periods. Liquidity remains constrained with cash and cash equivalents at $0.5 million as of June 30, 2026, while total current liabilities rose to $32.1 million and current maturities of long-term debt increased to $17.3 million. The company was not in compliance with certain financial covenants under its credit facility as of June 30, 2026, management is seeking a waiver, and the press release cites substantial doubt regarding the ability to continue as a going concern. Strategic focus remains on AI search, generative engine optimization, and web technology services, with management evaluating strategic partnerships while maintaining a streamlined cost structure.
StubHub — Second Quarter 2026 Earnings Summary
STUBHUB HOLDINGS INC
Gross Merchandise Sales (GMS) reached a record $3.1 billion (+34% YoY), while revenue grew 33% YoY to $573.1 million; net income turned positive at $14.6 million compared to a $53.8 million loss in the prior-year period. Adjusted EBITDA surged 94% to $105.7 million with an 18% margin (up 600 bps YoY), and free cash flow improved to $309.7 million from $9.7 million. Full-year 2026 GMS guidance increased to $10.1–$10.3 billion, while Adjusted EBITDA guidance was reiterated at $400–$420 million. Net leverage improved to 3.0x from 4.5x as of December 31, 2025, driven by $200.0 million in year-to-date debt reduction and $1.1 billion in total debt reduction over the last 12 months.
Marchex — Second Quarter 2026 Earnings Summary
MARCHEX INC
Q2 2026 revenue declined to $11.0 million from $11.7 million in Q2 2025, while Adjusted EBITDA rose to $0.7 million from $0.6 million, though net loss widened to $0.4 million compared to $0.1 million net income in the prior year period. The company consummated the acquisition of Archenia on July 1, 2026, creating a vertically focused AI-driven platform, with early customer adoption showing potential for significant revenue expansion through new AI-verified outcomes and Conversational AI Agents. Q3 2026 pro forma guidance anticipates revenue between $16.0 million and $16.5 million and Adjusted EBITDA (net of reorganization and acquisition costs) between $2.3 million and $2.5 million. Management plans selective investments in sales and product development to support 2027 growth, with the initial 2027 business outlook scheduled for release in early November 2026. Cash and cash equivalents decreased to $8.2 million as of June 30, 2026, from $9.9 million at year-end 2025, while total liabilities and deferred revenue also declined during the quarter.
Gaxos — Second Quarter 2026 Earnings Summary
GAXOSAI INC
Consolidated revenue reached a record $2.46 million in Q2 2026, a 35.8% increase from Q1 2026 and a 1,337% increase from Q2 2025; GAAP net income was $241,056 ($0.02 per share), primarily driven by a gain from the sale of gaming assets. Advertising and marketing expense grew 13.5% to $3.14 million while revenue increased 35.8%, improving revenue per advertising dollar by approximately 20% to $0.78 and reducing the expense-to-revenue ratio from 153% in Q1 to 128% in Q2. The Company completed the sale of substantially all gaming assets to Game Foundry AI in exchange for 2.2 million shares valued at approximately $1.76 million, while maintaining a 19.99% ownership interest in America First Defense.AI LLC. Strategic priorities for the remainder of 2026 focus on increasing recurring revenue, improving customer-acquisition efficiency, and scaling products with favorable contribution economics, supported by $11.44 million in cash and short-term investments as of June 30, 2026. The Company generated approximately $1.0 million in net proceeds from an at-the-market offering program during the quarter, with no additional shares issued between July 1 and August 12, 2026.
Comscore — Second Quarter 2026 Earnings Summary
COMSCORE INC
Q2 2026 revenue declined 11.3% year-over-year to $79.2 million, while the net loss widened to $14.8 million from $9.5 million in Q2 2025; non-GAAP adjusted EBITDA dropped to $1.3 million from $8.9 million. Full-year 2026 revenue guidance is maintained between $315 million and $325 million, with adjusted EBITDA margins expected in the low-to-mid single digits, though management anticipates no near-term growth due to the Movies business divestiture. The company divested its Movies business for $70.0 million in cash, utilizing proceeds to fully repay $40.1 million in senior secured debt, leaving only finance lease obligations outstanding. Management projects $20 million to $25 million in annual run-rate cost savings from its realignment plan and aims to enter 2027 with a leaner cost model, though GAAP net income guidance is withheld due to unpredictability regarding stock-based compensation and restructuring expenses.
Liftoff Mobile — Second Quarter 2026 Earnings Summary
LIFTOFF MOBILE INC
Q2 FY26 revenue reached $220 million (up 35% YoY, 7% QoQ), while Adjusted EBITDA rose 55% YoY to $132 million with a 60% margin; net loss narrowed to $4 million, though this included $45 million in non-cash IPO-related expenses. Management provided FY26 full-year guidance of $870–$880 million in revenue and $510–$518 million in Adjusted EBITDA, alongside Q3 revenue guidance of $217–$222 million. The company completed its IPO in the first half of FY26, raising $472.4 million net proceeds, while simultaneously paying down long-term debt to $1.39 billion and increasing cash reserves to $305.4 million. Core Advertising Revenue, driven by Cortex machine learning capabilities, grew 36% YoY, marking the eleventh consecutive quarter of revenue growth as the company scales operating leverage in a structurally under-monetized market.