US8292421067 - Common Stock
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how broadcasting stocks fared in Q3, starting with Paramount (NASDAQ:PARA).
Diamond Sports Group won court approval of a restructuring plan that hands control of the bankrupt sports broadcaster to lenders and blesses a multi-year agreement to stream games on Amazon.com Inc.’s Prime Video channels.
Television broadcasting and media company Sinclair (NASDAQ:SBGI) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 19.6% year on year to $917 million. Next quarter’s revenue guidance of $1.01 billion underwhelmed, coming in 2.4% below analysts’ estimates. Its GAAP profit of $1.43 per share was 41.4% above analysts’ consensus estimates.
Television broadcasting and media company Sinclair (NASDAQ:SBGI) will be reporting results tomorrow after market close. Here’s what investors should know.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how broadcasting stocks fared in Q2, starting with Sinclair (NASDAQ:SBGI).