Nobody does it better than Perez!
02.05.2024 - 21:41 / deadline.com
Apple‘s fiscal Q2 numbers beat Wall Street estimates on the top and bottom line in a market that was waiting for them with some trepidation — mainly news of iPhone sales in China. The dip there was less than anticipated. The stock is up more than 7% in after-hours trading.
Apple shares had huge 2023 but the stock has been nearly along among the so-called Magnificent seven tech stock to lose ground so far in 2024.
Services revenue, which houses Apple TV +, music, games and a host of others platforms, was a standout with sales up $3 billion to $23.9 billion. Execs may give some details on a call starting at 5 pm ET.
The company announced a massive share buyback program and a dividend boost.
Apple posted $90.75 billion in revenue for the three months ended in March. Net income eased slightly to $23.6 billion (from $24.2 billion). EPS was flat at $1.53.
Iphone sales of $45.96 million fell from $51 billion. Sales in Greater China, where Apple has been facing heightened competition, were $16.3 billion from $17.8 billion, but there were up in mainland China. Sales rose Europe. Mac sales rose 7%.
“Today Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “During the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks. We’re also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month. As always, we are focused on providing the very best products and services for our customers, and doing so while living up to the core values that drive us.”
“Thanks to very high levels of customer satisfaction and
Nobody does it better than Perez!
Jamie-Lynn Sigler doesn’t approve of all the willy-nilly Ozempic use!
Christina Applegate is opening up about a crippling eating disorder she struggled with early in her career. On Tuesday’s episode of her MeSsy podc
Christina Applegate has “never discussed” her anorexia eating disorder until now. The “Dead to Me” actress and Jamie-Lynn Sigler opened up about suffering from eating disorders on the latest episode of their “MeSsy” podcast.“It was f–king torture,” Applegate, 52, said.
Patrick Frater Asia Bureau Chief Tencent, the Chinese social media, gaming and streaming giant, enjoyed a 62% gain in profits, earned from a 6% revenue improvement in the first quarter of the year. Profits between January and March reached RMB42.6 billion ($5.92 billion). That figure also represented a 55% quarter on quarter gain.
Annika Pham Scandinavia’s top sales agent TrustNordisk has scored major deals on the English-language epic “Stockholm Bloodbath” by Oscar-nominated Mikael Håfström (‘Evil”), which has sold to Brainstorm Media and Sunrise Films for the US and Canada, The Jokers for France and Divisa Red for Spain. The Claes Bang-vehicle, produced by Helena Danielsson for Viaplay Studios Sweden, is due to screen at the Cannes Market May 18, in a new international version.
Naman Ramachandran ProSiebenSat.1 Group, which owns one of Germany’s leading broadcasters and one of its top streaming platforms, has had an encouraging start to 2024 after a rough 2023 financial year that saw revenues dip by 7%. Financial results for the first quarter of 2024, reported on Tuesday, reveal that group revenues increased by 6% to €867 million ($935 million) in the first quarter of 2024 and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) grew by 35% to €72 million ($77.6 million) despite higher programming expenses. The group said that in addition to revenue growth, the positive numbers are due to the cost control program implemented in the previous year.
Naman Ramachandran ProSiebenSat.1 Group, which owns one of Germany’s leading broadcasters and one of its top streaming platforms, has had an encouraging start to 2024 after a rough 2023 financial year that saw revenues dip by 7%. Financial results for the first quarter of 2024, reported on Tuesday, reveal that group revenues increased by 6% to €867 million ($935 million) in the first quarter of 2024 and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) grew by 35% to €72 million ($77.6 million) despite higher programming expenses. The group said that in addition to revenue growth, the positive numbers are due to the cost program implemented in the previous year.
Patrick Frater Asia Bureau Chief Tencent Music Entertainment, China’s largest online music corporation, got smaller but more profitable in the first quarter of 2024. That continued a trend seen previously in the company’s 2023 accounts. Revenues in the January to March quarter weighed in at $937 million (RMB6.77 billion), a 3% decrease compared with the same quarter last year. But profits after tax increased 28% to $212 million (RMB1.53 billion). Monthly active users across its free and paid for tiers decreased by 2% to 592 million.
EXCLUSIVE: Sources tell us that 20th Century Studios‘ Kingdom of the Planet of the Apes is off to a good start with previews around $6.5M. That’s comprised of Thursday night money which began accruing at 3PM and around $1.6M from Wednesday fan shows that began at 7PM.
It has been 56 years since “Planet of the Apes,” arguably one of the greatest science fiction films of all time. To see the franchise display such promising growth and evolution almost six decades later is phenomenal and deeply heartening.
Cynthia Littleton Business Editor TKO, the parent company of UFC and WWE, is on the upswing, delivering solid Q1 results and enough momentum for both franchises that the company opted to boost its full-year revenue and earnings guidance for Wall Street. TKO disclosed that it has reached a $25 million deal with NBCUniversal to allow WWE’s “Monday Night Raw” wrestling franchise to remain on USA Network through the end of this year. In January, TKO struck a massive 10-year deal with Netflix to bring “Raw” and other WWE content to the streamer’s platform as of next year.
Todd Spangler NY Digital Editor An Apple commercial for the new iPad Pro tablet showing an industrial press literally crushing a TV, musical instruments, books and more ignited an angry backlash among many in Hollywood and other creative industries. The ad, titled “Crush!”, shows an array of various objects — including a record player, a piano, a guitar, an old TV set, cameras, a typewriter, books, paint cans and a classic arcade game machine — getting compressed into (voila!) the new iPad Pro.
Fox Corp. saw revenue dip for its fiscal third quarter as advertising slid on tough comps with the Super Bowl broadcast the year earlier.
Taeyeon of Girls’ Generation, boyband NCT 127, Red Velvet‘s Irene and more are expected to release new music in the third quarter of 2024, according to SM Entertainment.Today (May 8), SM Entertainment released its Earnings Release report for the first quarter of 2024, where the K-pop agency previewed its line-up of music releases for the third quarter of 2024. It details a slew of planned album, mini-album and single releases from several SM artists for the period.Two artists – Taeyeon of Girls’ Generation and boyband NCT 127 – are expected to release full-length albums during the upcoming quarter.
Jennifer Maas TV Business Writer EA reported its fourth-quarter and full fiscal year 2024 earnings Tuesday, revealing results that matched the video game company’s own guidance and analysts’ estimates, but forecasts for harder quarters ahead. Full game sales between Jan 1 and March 31 of this year were $333 million (down from $372 million in the comparable Q4 fiscal 2023 quarter), while live services and “other” revenue totaled $1.45 billion (down from $1.5 billion a year ago, and from last quarter’s record growth of $1.7 billion). Profit for the quarter was $182 million compared to a loss of $12 million in Q4 2023.
A dispersal order has been put in place across Stockport town centre after a large gang of youths caused havoc at the bus station. Police made four arrests during the disturbance on Saturday night.
Patrick Frater Asia Bureau Chief “Takano Tofu” claimed double honors on the closing night of the Far East Film Festival in Udine, Italy. It won the Golden Mulberry audience award and the MyMovies Purple Mulberry award. Directed by Mihara Mitsuhiro, “Takano Tofu” is a melodrama about an elderly tofu-making craftsman, who is stuck in his ways but is also experimental and who is kindly, but whose stubbornness brings suffering on those around him.
A short walk from Stockport train station brings into view the red brick terraces of Edgeley. It's the home of Stockport County football club and is an area known for its proud and tight-knit community.
Facebook parent Meta posted solid quarterly financials today with revenue and EPS beating Wall Street expectations, but investors dinged the stock on high expenses and lower than anticipated revenue for the current quarter. Shares are down 10% in after-market trading.