Snap Q2 Revenue Declines 4% as Ad Woes Persist, Stock Plummets on Weak Outlook

Endeavor Group Holdings CEO Ari Emanuel pledged loyalty to company clients involved in Hollywood’s dual strikes and the company said it expects a $25 million monthly hit to revenue from the labor impasse.

Disney has wrapped up its 2023-24 upfront sales process, with gains in sports and streaming helping it return to 2022 revenue and volume levels.

Naman Ramachandran Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, slid 5.1% to €3.1 billion ($3.4 billion) for the first half of 2023, financial results released on Tuesday have revealed. Adjusted EBITA (Earnings Before Interest, Taxes, and Amortization) was down to down to €250 million compared to €501 million during the same period in 2022 and group profit was at €132 million, more than 50% down €304 million in 2022. The company attributes this to “challenging TV advertising markets, in particular in Germany.” RTL group’s TV advertising revenue declined 12.5% to €1.18 billion (H1/2022: €1.35 billion).

Kelly Clarkson is changing even more lyrics!

Kelly Clarkson and Brandon Blackstock have settled their divorce — and the musician is getting her feelings about the split out via song.

Kelly Clarkson made a statement over the weekend at her Las Vegas residency once again changing up her lyrics in an apparent reference to her divorce from Brandon Blackstock. Clarkson performed her hit 2015 single «Piece By Piece,» explaining some of her changes to the crowd on Saturday, Aug.

Kelly Clarkson has often changed lyrics in the wake of her divorce from Brandon Blackstock, and her latest tweaks turned a tribute to her ex into a self-empowerment anthem.

AMC Networks posted a 17% decrease in domestic advertising revenue in the second quarter, preventing the company from meeting Wall Street revenue expectations.

With the first match of the new football season less than 24 hours away, Stockport County have revealed details on their latest collaboration.

Todd Spangler NY Digital Editor Apple delivered solid financial results for the June 2023 quarter that beat Wall Street estimates, even as top-line revenue dipped 1.4% on lower-than-expected iPhone sales. CEO Tim Cook boasted of a new milestone for the world’s biggest tech company: It now has more than 1 billion paid subscriptions across all apps and services, up 150 million year over year. During the quarter, sales in Apple’s services unit grew 8.2%, to $21.21 billion.

The world’s most valuable tech company saw sales and profit for the three months ended in June beat on the top and bottom line although revenue was still sluggish, down 1% at $81.8 billion. Earnings of $1.26 per share beat the $1.19 anticipated.

Naman Ramachandran Declining TV advertising revenues in the German-speaking region have contributed to revenues and profits plunging at media giant ProSiebenSat.1. Quarterly results published on Thursday reveal that the group’s revenues declined from €1.04 billion ($1.14 billion) in 2022 to €868 million ($950 million) this year.

Brian Steinberg Senior TV Editor Warner Bros. Discovery trimmed its losses in its second quarter but saw revenue fall in key areas such as advertising and content production as the company, built from a merger of WarnerMedia and Discovery Communications, continues to navigate shifting terrain in the media sector.

Kelly Clarkson kicked off her Las Vegas residency at Planet Hollywood Resort and Casino's Bakkt Theater over the weekend with a message to her ex-husband, Brandon Blackstock, and a warning to her fans. After first covering Gayle's «ABCDEFU» in March on, the 41-year-old singer performed the cover again with her telling lyric change. In a clip captured on TikTok, the musician and talk show host sang, «F**k you and your dad and the fact that you got half, and my broken heart, turn that s**t into art.

Kelly Clarkson called out her ex Brandon Blackstock in a brand new cover over the weekend.

Todd Spangler NY Digital Editor Roku’s second-quarter 2023 earnings soundly beat Wall Street expectations, while it still sounded a note of caution about “muted” TV ad spending in the U.S. The company reported Q2 revenue of $847.2 million, up 11%, and a net loss of $107.6 million (-$0.76 per share). Analysts expected an adjusted loss of $1.28 per share on revenue of $773.49 million.

Snap’s daily active users jumped 14% year-on-year for the second quarter, the platform said today, to 397 million even as revenue dipped in a tough ad market and with little visibility ahead.

YouTube posted 4% advertising revenue growth in the second quarter as parent Alphabet rode momentum in search and cloud services to smash Wall Street analysts’ expectations.

The weather right now might not be inspiring you to pack a picnic and head to the seaside but Stockport's Merseyway is getting the summer off to a good start - with its own beach.

The incredible transformation of Stockport town centre looks set to continue with two well-known high street chains preparing to open new stores.