Communication Services Earnings Report — 2026-06-26 to 2026-08-10

25 most recent Communication Services earnings

1. Aug 10, 2026, 6:59 AM ET·ASST·Communication Services

   Strive, Inc. — Q2 2026 Earnings Summary

   STRIVE INC

   Reported GAAP net loss of $257.6 million for Q2 2026 versus $8.875 million in Q2 2025, with 94.1% of the loss attributable to fair value decreases in Bitcoin and STRC Stock holdings; total revenues rose to $2.941 million from $1.511 million, driven by a new $1.388 million medical device revenue stream. Total operating expenses increased to $24.396 million from $5.201 million year-over-year, primarily due to employee compensation rising to $16.314 million, while total investment losses reached $236.794 million. The company retired all outstanding debt as of August 7, 2026, achieving a debt-free status with zero margin requirements and zero encumbered Bitcoin, while cash and cash equivalents grew to $145.466 million as of June 30, 2026. Management highlighted the daily cash dividend innovation on SATA Stock, which began June 16, 2026, at an annualized rate of 13.00%, and noted a Bitcoin Yield of 23.9% for the quarter, though no specific forward financial guidance was provided.

2. Aug 7, 2026, 7:37 AM ET·TTWO·Communication Services

   Take-Two Interactive Software, Inc. — Fiscal First Quarter 2027 Earnings Summary

   TAKE TWO INTERACTIVE SOFTWARE INC

   GAAP net revenue increased 2% to $1.53 billion year-over-year, while total net bookings decreased 3% to $1.39 billion; GAAP net loss widened to $34.1 million ($0.18 per share) from $11.9 million in the prior year, impacted by a $43.4 million impairment charge for a cancelled unannounced title. Full-year Fiscal 2027 guidance was updated to $7.90–$8.10 billion for GAAP net revenue and $104–$143 million for GAAP net income, while Net Bookings guidance remained unchanged at $8.0–$8.2 billion; initial guidance for Fiscal Q2 2027 projects GAAP net loss of $140–$157 million and Net Bookings of $1.62–$1.67 billion. The company anticipates strong cash flow generation with full-year operating cash flow guidance exceeding $1.0 billion, supported by $1.36 billion in cash and cash equivalents as of June 30, 2026. Upcoming product releases include NBA 2K27 in September and the highly anticipated launch of Grand Theft Auto VI on November 19, 2026, which management cites as a key driver for future growth.

3. Aug 7, 2026, 7:35 AM ET·TDS·Communication Services

   Telephone and Data Systems, Inc. — Second Quarter 2026 Earnings Summary

   TELEPHONE & DATA SYSTEMS INC

   TDS reported Q2 2026 total operating revenues of $309.3 million (up 4% YoY) and net income of $260.6 million ($2.24 per diluted share), a significant turnaround from a $6.0 million net loss in the prior year period. The company raised 2026 guidance for TDS Telecom marketable fiber addresses to 250,000–300,000 and capital expenditures to $625 million–$675 million, while lowering revenue and Adjusted EBITDA guidance ranges for the segment; conversely, Array raised its 2026 revenue and Adjusted EBITDA guidance. Array completed the monetization of virtually all spectrum outside the C-Band, including a $1 billion sale of cellular licenses on June 1, 2026, and TDS Telecom delivered 66,000 new marketable fiber addresses in the quarter. TDS submitted a non-binding proposal to acquire all outstanding Array Common Shares not already owned by TDS, while Array issued a special dividend of $11 per common share on June 25, 2026. Consolidated free cash flow for the first half of 2026 was $(168.0) million compared to $(25.4) million in the prior year, though cash and cash equivalents increased to $2.19 billion and long-term debt decreased to $670.6 million.

4. Aug 7, 2026, 7:33 AM ET·AD·Communication Services

   Array Digital Infrastructure, Inc. — Second Quarter 2026 Earnings Summary

   ARRAY DIGITAL INFRASTRUCTURE INC

   Total operating revenues surged 90% year-over-year to $54.1 million in Q2 2026, driven by a 95% increase in site rental revenues to $53.2 million, while net income attributable to shareholders rose to $333.8 million from $14.8 million in the prior year period. The company raised full-year 2026 guidance for total operating revenue to $205–$215 million, Adjusted EBITDA to $220–$235 million, and Adjusted OIBDA to $60–$75 million, reflecting strong execution and sequential tower tenancy growth to 0.98. Significant capital return and asset monetization occurred, including $2.17 billion in cash received from divestitures over the first half of 2026 and a $1.84 billion dividend payment, alongside the closure of major spectrum sales totaling over $1.9 billion. Strategic risks remain prominent due to the cessation of revenue recognition from DISH Wireless following its June 2026 bankruptcy and the pending evaluation of a non-binding acquisition proposal from Telephone and Data Systems, Inc. (TDS).

5. Aug 7, 2026, 7:21 AM ET·SSP·Communication Services

   The E.W. Scripps Company — Q2 2026 Earnings Summary

   EW SCRIPPS CO

   Q2 2026 revenue fell 9.2% year-over-year to $490 million, while the company reported a $1.2 billion net loss ($12.68 per share) driven by a $1.1 billion non-cash goodwill impairment and $35.8 million in restructuring costs; adjusted EBITDA declined to $55.2 million from $88.9 million in the prior-year quarter. The company eliminated 268 jobs (6% of workforce) and expects to achieve $100 million in annual run-rate savings by end of 2026, targeting $125-$150 million in enterprise EBITDA growth by 2028. Strategic M&A activity included acquiring a second Big 4 station in Lexington, swapping stations with Gray Media for a $9.3 million gain, and selling Court TV; Scripps Sports also secured new distribution agreements with the Detroit Pistons and Nashville Predators. Full-year 2026 local political revenue is guided between $225-$250 million, with Q3 2026 Local Media revenue expected to rise ~20% and Scripps Networks revenue expected to decline in the mid-teens percent range. As of June 30, 2026, the company held $13 million in cash and $2.5 billion in total debt; common dividends and share repurchases remain prohibited until preferred shares are redeemed, with $150 million in cumulative unpaid preferred dividends outstanding.

6. Aug 7, 2026, 7:00 AM ET·STRZ·Communication Services

   Starz Entertainment Corp. — Second Quarter 2026 Earnings Summary

   STARZ ENTERTAINMENT CORP

   Total revenue declined 3.7% year-over-year to $307.9 million driven by a $12.0 million drop in linear revenue, while OTT revenue grew slightly to $221.3 million; Adjusted OIBDA rose 79.4% to $59.9 million, though an operating loss of $(175.5) million was recorded due to a $151.2 million non-recurring restructuring charge. Management raised 2026 Adjusted OIBDA growth guidance from low-single-digits to mid-single-digits and increased Unlevered Free Cash Flow expectations to the mid-to-upper end of the previously stated $80 million to $120 million range. The company reiterated a 2026 Adjusted OIBDA leverage ratio exit target of approximately 2.7x and a 20% Adjusted OIBDA margin outlook for the second half of 2027, citing 2026 as a more meaningful inflection year than anticipated. Strategic initiatives included terminating certain live-action film licensing agreements, resulting in contract termination fees within restructuring costs, while maintaining a net debt position of $565.5 million with a fully undrawn $150.0 million revolving credit facility.

7. Aug 7, 2026, 6:31 AM ET·GTN·Communication Services

   Gray Media — Q2 2026 Earnings Summary

   GRAY MEDIA INC

   Total revenue rose 9% year-over-year to $839 million, driven by a surge in political advertising to $83 million (vs. $9 million prior year), while core advertising revenue dipped 1% and retransmission revenue fell 3%; net income turned positive at $14 million compared to a $56 million loss in Q2 2025, with Adjusted EBITDA up 27% to $214 million. Full-year 2026 guidance projects total revenue of $935–$965 million for Q3 and includes significant political advertising revenue estimates of $165–$185 million, though corporate expenses exceeded the $30–$35 million guidance range due to transaction-related costs. Strategic capital allocation included the acquisition of non-license assets from American Spirit Media for $43 million, funded by a $70 million senior secured note issuance and a $50 million preferred stock repurchase, alongside $120 million in debt repurchases and authorization for up to $250 million in future indebtedness buybacks. The company continues to expand its portfolio with 22 net market additions, including six from American Spirit Media, while improving its balance sheet with a Consolidated First Lien Net Leverage Ratio of 2.55 to 1.00 and maintaining $176 million in cash plus $745 million available under its revolving credit facility.

8. Aug 6, 2026, 4:20 PM ET·GLIBA·Communication Services

   Liberty Capital — Second Quarter 2026 Earnings Summary

   LIBERTY CAPITAL CORP

   Financial Performance: Q2 revenue remained flat at $261 million YoY, while operating income and adjusted OIBDA declined 43% and 11% respectively; full-year 2026 revenue fell 2% to $517 million with operating income dropping 46% to $59 million. Capital Structure & Returns: Liberty Capital intends to initiate a recurring quarterly dividend in December 2026 with an annualized aggregate of approximately $60 million, supported by a credit facility amendment securing up to $480 million in additional financing capacity contingent on the Quintillion acquisition. Strategic Outlook & M&A: GCI expects to close the Quintillion acquisition in 2026, with full-year 2026 net capital expenditures guided at $290 million; the Alaska operating company is projected to deliver stable performance in 2026 with a cash generation step-up anticipated in 2027. Balance Sheet & Cash Flow: Total debt increased to $1,263 million and GCI leverage rose to 2.8x as of June 30, 2026, while trailing twelve-month free cash flow declined to $59 million from $153 million in the prior year period.

9. Aug 6, 2026, 4:14 PM ET·FWONA·Communication Services

   Liberty Media Corporation — Second Quarter 2026 Earnings Summary

   LIBERTY MEDIA CORP

   Consolidated revenue declined 30% to $934 million for Q2 and 8% to $1,645 million for the six months, driven by fewer F1 races (5 vs. 9 in Q2; 8 vs. 11 YTD) and the absence of one-time F1 movie revenue; consolidated Adjusted OIBDA fell 44% to $206 million for the quarter and 12% to $387 million for the six months. Net earnings attributable to stockholders dropped to $5 million for the quarter and $62 million for the six months from $204 million and $209 million in the prior year periods, while total debt decreased to $4,855 million and cash equivalents rose to $1,465 million. Strategic momentum includes signing new 5-year agreements with all MotoGP manufacturers and teams through 2031, extending the Las Vegas Grand Prix through 2037, and renewing broadcast deals with DAZN (Spain) and Sky DACH. Management maintains a focus on disciplined capital allocation and noted robust demand despite calendar variances, with the 2026 F1 calendar now assumed to hold 23 races following the Bahrain-to-Malaysia rescheduling.

10. Aug 6, 2026, 4:14 PM ET·CABO·Communication Services

    Cable One — Second Quarter 2026 Earnings Summary

    CABLE ONE INC

    Total revenues declined 8.4% year-over-year to $348.9 million, while Adjusted EBITDA fell 14.6% to $173.5 million; net loss widened to $1.16 billion from $438.0 million in the prior year period, driven by $597.7 million in non-cash asset impairments and a $262.3 million impairment of MBI equity. Customer base contracted 6.3% to 993.3 thousand, with residential data subscribers down 7.3% and video subscribers plummeting 24.2%, though residential video and voice ARPU rose 4.2% and 13.1% respectively. The company reduced gross debt by $150 million year-over-year to $3.06 billion, including $62.8 million in voluntary debt paydowns during the quarter, while capital expenditures increased 8.2% to $74.0 million. Management cited a strong network and cash flow generation as foundations for long-term growth despite facing risks from rising competition, regulatory changes, and the integration of MBI.

11. Aug 6, 2026, 4:13 PM ET·QNST·Communication Services

    QuinStreet — Fiscal Year 2026 Earnings Summary

    QUINSTREET INC

    Fiscal 2026 revenue reached $1.3 billion (up 18% YoY), driven by strong performance in Financial Services ($888.4M) and Home Services ($405.4M) segments, while GAAP net income surged 1,626% YoY to $81.2 million and adjusted EBITDA rose 38% to $112.5 million. Full-year 2027 revenue guidance is set at $1.45 billion to $1.55 billion (16% midpoint growth), with adjusted EBITDA guidance of $150 million to $160 million (38% midpoint growth), reflecting continued margin expansion and double-digit revenue growth expectations. Strategic capital allocation included $104.9 million in business acquisitions, $31.4 million in common stock repurchases, and the issuance of $70.0 million in noncurrent debt, resulting in goodwill increasing to $261.4 million. Management highlighted accelerating AI application improvements as a key competitive advantage and noted confidence in further refining outlooks as marketing budgets continue shifting toward digital performance marketing.

12. Aug 6, 2026, 4:13 PM ET·TTGT·Communication Services

    Informa TechTarget — Second Quarter 2026 Earnings Summary

    TECHTARGET INC

    Q2 2026 revenue declined 3.2% YoY to $116.1 million, while first-half revenue was broadly flat (-0.7%) at $222.2 million; net loss narrowed significantly to $21.7 million in Q2 (vs. $398.7 million prior year) and $92.5 million for the first half, primarily driven by the absence of large non-cash goodwill impairments seen in the prior period. Adjusted EBITDA decreased 13.0% to $15.1 million in Q2 and 2.9% to $22.4 million for the first half, with first-half free cash flow at $(8.1) million and adjusted free cash flow at $19.9 million. The Company reiterated its 2026 full-year guidance targeting revenue growth and Adjusted EBITDA between $95.0 million and $100.0 million, citing a focus on converting an expanding pipeline in the second half. Strategic progress includes the ongoing integration of the Former TechTarget acquisition, new AI product launches including the Model Context Protocol, and growth in the Brand to Demand segment offset by a 5.5% decline in Intelligence & Advisory.

13. Aug 6, 2026, 4:12 PM ET·ROKU·Communication Services

    Roku — Q2 2026 Earnings Summary

    ROKU INC

    Total net revenue grew 22% YoY to $1.35 billion, driven by a 25% increase in platform revenue to $1.22 billion, while devices revenue declined 1% YoY to $133.7 million. Net income surged 1,464% YoY to $164.2 million, with Adjusted EBITDA up 225% YoY to $254.3 million and Free Cash Flow (TTM) rising 80% YoY to $704.1 million. No financial guidance was provided due to the pending acquisition by FOX Corporation, announced on June 15, 2026, which management describes as an opportunity to accelerate their vision. The new Roku Home Screen was completed in the U.S. in early Q3, improving household retention, while the company expects S&M expenses to increase in H2 2026 due to Roku TV shipment ramp-ups and political ad spend. Roku made approximately $162.7 million in stock repurchases over the six months ended June 30, 2026, and holds $2.0 billion in cash and cash equivalents.

14. Aug 6, 2026, 4:12 PM ET·GRPN·Communication Services

    Groupon — Second Quarter 2026 Earnings Summary

    GROUPON INC

    Global revenue and billings both decreased 1% year-over-year; North America local revenue fell 2% while International local revenue rose 8% (excluding Giftcloud, revenue grew 9% and billings 5%). Net loss from continuing operations was $1.5 million compared to $20.6 million income in the prior year; Adjusted EBITDA declined to $14.8 million from $15.6 million, though free cash flow remained positive at $15.0 million. Management provided Q3 2026 guidance for billings (+4% to +6%), revenue ($128M–$130M), and Adjusted EBITDA ($19M–$21M), with full-year billings guidance set at +3% to +5% and free cash flow expected to be at least $60 million. The 2026 Restructuring Plan is on track, recording $3.2 million in Q2 charges with an estimated $7.0M–$13.0M total pre-tax cost and $20.0M–$25.0M in annualized savings, while Project Foundry AI transformation nears completion. Active customers grew 2% to 16.1 million, but unit sales declined 7% due to lower transaction volumes, with management citing softness in North America's Health, Beauty & Wellness sector and confidence in growth acceleration for the second half of 2026.

15. Aug 6, 2026, 4:08 PM ET·LION·Communication Services

    Lionsgate Studios Corp. — First Quarter Fiscal 2027 Earnings Summary

    LIONSGATE STUDIOS CORP

    Revenue surged 48% year-over-year to $776.6 million, while operating income turned positive at $25.6 million compared to a $10.6 million loss in the prior year quarter. Adjusted net income improved to $18.9 million ($0.06 per share) from an $88.1 million adjusted loss, driven by a record Motion Picture segment profit of $105 million and a 21% year-over-year increase in filmed entertainment backlog to $1.5 billion. Management anticipates doubling scripted deliveries in fiscal 2027 relative to fiscal 2026, citing strong growth positioning and increased stability from the film and television library. Balance sheet metrics strengthened with leverage improving to 4.3x trailing 12-month adjusted OIBDA, cash and equivalents rising to $425.8 million, and total debt decreasing to $1,902.2 million.

16. Aug 6, 2026, 4:08 PM ET·NRDS·Communication Services

    NerdWallet — Second Quarter 2026 Earnings Summary

    NERDWALLET INC

    Total revenue rose 8% year-over-year to $197.3 million but fell 11% quarter-over-quarter; GAAP net income declined 48% year-over-year to $4.3 million and 79% quarter-over-quarter to $4.3 million, while cash and cash equivalents dropped 41% year-over-year to $62.0 million. Full-year 2026 guidance was adjusted upward for Non-GAAP operating income ($90M–$105M) and Adjusted EBITDA ($131M–$147M), with Q3 2026 revenue expected to reach $244M–$260M, representing a 17% year-over-year increase at the midpoint. Consumer revenue grew 8% year-over-year driven by personal loans and deposit accounts, while SMB revenue fell 11% due to organic search traffic pressures; management plans to increase incremental investments fivefold in 2026 to deepen owned audiences. The company repurchased $88.8 million of Class A common stock during the first half of 2026 and reported goodwill increasing to $136.3 million, reflecting a vertical integration strategy aimed at building direct customer relationships.

17. Aug 6, 2026, 4:01 PM ET·GOGO·Communication Services

    Gogo Inc. — Q2 2026 Earnings Summary

    GOGO INC

    Financial Results: Total revenue declined 1% YoY to $222.8 million, driven by an 18% sequential drop in equipment sales; the company reported a net loss of $2.0 million compared to net income in prior periods, while Adjusted EBITDA fell 13% YoY to $53.7 million (including $3.2M litigation costs). Guidance Update: Full-year 2026 revenue guidance was raised to $870M–$895M, with Adjusted EBITDA guidance set at $175M–$185M and Free Cash Flow guidance at $65M–$85M, both figures accounting for $22M in litigation expenses and $30M in strategic investments. Strategic & Capital Activity: Management prioritized debt reduction with a $21.1M principal payment on the HPS term loan, offset by a $40.0M earn-out payment for Satcom Direct; total debt decreased to $816.6 million while cash reserves fell to $63.1 million. Growth Drivers: Military/Government revenue surged 40% YoY to $39.9 million, and new product adoption accelerated with Gogo Galileo shipments up 17% sequentially and 5G unit shipments increasing to 138 units.

18. Aug 6, 2026, 8:05 AM ET·FOXA·Communication Services

    Fox Corporation — Fiscal Year 2026 Earnings Summary

    FOX CORP

    Financial Results: Q4 revenue rose 28% YoY to $4.21 billion and full-year revenue grew 5% to $17.13 billion; however, full-year net income declined 24% to $1.73 billion (from $2.29 billion) due to higher World Cup-related costs, while full-year Adjusted EBITDA increased 8% to $3.91 billion. Strategic M&A: The company announced the acquisition of Roku, which management states will "transform the scope and growth profile," alongside the launch of the direct-to-consumer streaming service "FOX One." Capital Allocation: Full-year net cash used in financing activities was $2.41 billion, driven primarily by $2.0 billion in share repurchases, while the Board authorized an increase in the semi-annual dividend to $0.29 per share. Segment Performance: Advertising revenue surged 78% in Q4 and 7% for the full year driven by the World Cup and Tubi; Television segment revenue grew 45% in Q4 and 4% for the full year, while Cable Network Programming revenue increased 9% in Q4 and 6% for the full year. Outlook: Management entered fiscal 2027 describing the company as "exceptionally well positioned" for sustained growth, though forward-looking statements regarding the Roku transaction and future results remain subject to significant economic, regulatory, and strategic risks.

19. Aug 6, 2026, 8:02 AM ET·GSAT·Communication Services

    Globalstar — Second Quarter 2026 Earnings Summary

    GLOBALSTAR INC

    Total revenue declined 3% year-over-year to $64.8 million in Q2 2026, driven by a 5% drop in service revenue offset by a 21% increase in equipment sales; however, the first six months of 2026 saw revenue rise 6% to $134.8 million. The company reported a net loss of $26.5 million for the quarter and $41.4 million for the first half of 2026, contrasting with net income of $19.2 million and $1.9 million in the respective prior-year periods, while Adjusted EBITDA fell to $26.0 million for the quarter. Globalstar has suspended all financial outlook and forward-looking guidance updates and will not hold future earnings conference calls. The proposed merger with Amazon remains on track for a 2027 closing, subject to regulatory approvals and satellite milestones, with the HSR Act waiting period already expired. Commercial IoT activations reached record highs, contributing to a 20% increase in gross activations over the last twelve months, while deferred revenue grew to $1,085.5 million as of June 30, 2026.

20. Aug 6, 2026, 8:01 AM ET·PLTK·Communication Services

    Playtika Holding Corp. — Q2 2026 Earnings Summary

    PLAYTIKA HOLDING CORP

    Total revenue increased 5.0% year-over-year to $731.1 million, while Adjusted EBITDA rose 23.4% year-over-year to $206.1 million, driven by a 64.6% sequential increase in margins. Full-year 2026 guidance remains unchanged at $2.75–$2.85 billion for revenue and $750–$790 million for Adjusted EBITDA, though management expects results to finish toward the lower end of these ranges due to reduced marketing spend and cautious consumer spending outlooks. Disney Solitaire revenue surged 288.6% year-over-year to $142.4 million, and SuperPlay became a positive Adjusted EBITDA contributor, though Average Daily Users declined 2.9% year-over-year to 8.0 million. The company paid $37.7 million in dividends and $350.0 million in contingent consideration during the first half of 2026, with no share buybacks executed, while maintaining $2.38 billion in total debt.

21. Aug 6, 2026, 7:31 AM ET·OPTU·Communication Services

    Optimum Communications — Q2 2026 Earnings Summary

    OPTIMUM COMMUNICATIONS INC

    Total revenue declined 5.8% YoY to $2.02 billion, while the company reported a net loss of $291.8 million ($0.67/share) compared to $96.3 million in Q2 2025, though Adjusted EBITDA margin expanded 140 bps YoY to 38.8%. Free cash flow turned to a deficit of $91.9 million from $28.4 million in the prior year, driven by operating cash flow down 44.6% YoY, while capital expenditures decreased 16.6% to $320.0 million. Strategic capital activities included a $300 million private placement of Series A Preferred Units, a $300 million cash tender offer for 120 million shares, and a $2.7 billion impairment of indefinite-lived cable franchise rights. Mobile line additions reached +50k (total 724k) with residential mobile revenue up 40% YoY, while broadband PSUs saw net losses of 40k and residential revenue fell 6.7% YoY. Management outlined a focus on network upgrades, fiber expansion, and AI infrastructure investments, while noting high consolidated net debt of $25.3 billion (8.0x leverage) and upcoming refinancing needs.

22. Aug 6, 2026, 7:19 AM ET·CCOI·Communication Services

    Cogent Communications — Second Quarter 2026 Earnings Summary

    COGENT COMMUNICATIONS HOLDINGS INC

    Service revenue declined 1.5% sequentially and 4.3% year-over-year to $235.6 million, while GAAP gross margin improved to 24.5% and Non-GAAP gross margin reached 47.0%. Net earnings per share were $1.38, driven by a $130.7 million gain from the sale of ten data centers; adjusted EBITDA was $71.1 million, up 1.3% sequentially. Net leverage ratio declined to 6.23, supported by $224.2 million in net proceeds from data center sales and $138.8 million in secured note repurchases through July 31, 2026. The Board approved a $0.02 per share quarterly dividend for Q2 2026, with future capital returns remaining at management's discretion based on financial position. No specific forward guidance was provided; management highlighted growth in wavelength revenue (up 63.8% year-over-year) and noted risks regarding increasing competition and network integration.

23. Aug 6, 2026, 7:15 AM ET·VSNT·Communication Services

    Versant Media Group — Second Quarter 2026 Earnings Summary

    VERSANT MEDIA GROUP INC

    Total revenue declined 3.8% YoY to $1.644 billion (excluding SportsEngine, down 2.8%), while Net Income fell 30.1% to $211 million and Adjusted EBITDA dropped 8.9% to $624 million; Free Cash Flow generated was $350 million. Raised full-year 2026 Total Revenue guidance to $6.2–$6.45 billion and Adjusted EBITDA to $1.9–$2.05 billion, while maintaining Free Cash Flow outlook at $1.0–$1.2 billion. Completed the SportsEngine divestiture and Full Swing acquisition; debt increased to $2.954 billion as of June 30, 2026, following the separation from Comcast. Returned $100 million via Accelerated Share Repurchase in Q2 with an additional $100 million ASR planned for Q3 2026, alongside a declared $0.375 per share quarterly dividend. Strategic wins include a new five-year Bundesliga broadcast agreement, USA Network's WNBA success, and MS NOW achieving No. 1 news organization status on YouTube in June.

24. Aug 6, 2026, 7:04 AM ET·WBD·Communication Services

    Warner Bros. Discovery — Second Quarter 2026 Earnings Summary

    WARNER BROS DISCOVERY INC

    Total revenues fell 12% ex-FX to $8.717 billion and net income dropped 91% to $149 million, while Adjusted EBITDA declined 6% ex-FX to $1.879 billion; Free cash flow decreased 19% to $572 million, negatively impacted by $350 million in separation and transaction-related items. Streaming segment revenues grew 10% ex-FX to $3.079 billion with Adjusted EBITDA surging 63% to $512 million, whereas Studios revenues fell 39% and Global Linear Networks revenues dropped 17% ex-FX, driven by the absence of NBA rights and continued domestic linear subscriber declines. The company repaid its full $15 billion bridge loan facility using new Term Loan B issuances, maintaining a net debt balance of $29.7 billion and a net leverage ratio of 3.4x. Management referenced a proposed transaction with Paramount Skydance Corporation (PSKY) subject to regulatory approvals and litigation risks, though no specific quantitative financial guidance for future quarters was provided.

25. Aug 6, 2026, 7:03 AM ET·NXST·Communication Services

    Nexstar Media Group — Second Quarter 2026 Earnings Summary

    NEXSTAR MEDIA GROUP INC

    Net revenue reached a record $1.993 billion (up 62.2% YoY) and adjusted EBITDA totaled $633 million (up 62.7% YoY), driven by the TEGNA acquisition and $147 million in political advertising, though net income margin contracted to 5.7% from 7.4% due to $53 million in transaction-related expenses. Management expressed confidence in strong free cash flow generation for the second half of 2026, while noting that a preliminary injunction requires Nexstar and TEGNA to remain separate until the trial on July 6, 2027, temporarily excluding anticipated synergies from leverage covenant calculations. The company returned $57 million to shareholders via dividends and repaid $409 million of debt, with total debt standing at $11.7 billion and pro forma first lien net leverage at 3.21x. Strategic progress includes the completion of ATSC 3.0 deployment across all top 25 DMAs, a multi-year CBS affiliation extension in 36 markets, and expanded distribution partnerships for The CW with ESPN and Roku.