Roku’s first-ever earnings report was very solid, surpassing analysts’ expectations in every area. The streaming device-maker generated $123.8 million in revenue during Q3, as compared to $89 million in the third quarter of 2016. Wall Street had predicted $110 million in third quarter revenue. The company wasn’t quite profitable, but its net losses amounted to only $7.9 million, down from $12.7 million during the same period last year. Analysts had expected net losses of $12.7 million, matching those of last year’s third quarter. On other notable tidbit: While Roku is best known for its streaming devices, $57.5 million of its Q3 revenue came from its advertising and licensing business. The other $67.3 million came from hardware sales. (Bottom line: Roku may have a more multi-layered and versatile business model than many people realize.) Roku’s stock took big leap after the report, rising by over 26% in after-hours trading.
Fox and National Geographic announced the return of Cosmos, with Neil deGrasse Tyson back as host. Cosmos: Possible Worlds, once again from executive producer, writer, director and creator Ann Druyan with exec producers Seth MacFarlane, Brannon Braga and Jason Clark, is set to premiere globally in spring 2019.
IFC picked up horror-comedy series Stan Against Evil for a third season, slated to begin in fall 2018. The net’s Brockmire is back for season 2 on Wednesday, April 25 at 10p.
Union workers handling video and audio production for Golf Channel events walked out Sunday following stalled contract negotiations and caused disrupted and limited coverage of three events including the final round at the Sony Open. Golf Channel had been negotiating an agreement for nine months with International Alliance of Theatrical Stage Employees, per the AP. […]
A wild Vikings win over the Saints handed FOX Sports with an estimated audience of 35.645 million viewers along with a 19.3/35, according to estimates released by Fox Sports on Monday, via USA Today. That marks a new high for the season, but was off-pace by 27% from last year’s numbers, when a Packers/Cowboys matchup […]
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