From AMC to Warner Bros. Discovery: Tracking video earnings in Q2 2022

Earning season is underway, and FierceVideo is tracking results from streaming media companies, programmers, pay TV operators and broadcasters throughout the period.

Be sure to check out FierceWireless and FierceTelecom for their earnings coverage in the wireless and wireline sectors.

Check back here for updates as earnings are reported.

Akamai Technologies

Altice USA

Altice reported flat broadband subscriber growth in Q2 as it experienced a jump in churn.

Amazon

AMC Networks

AMC Networks executives touted franchise success and a multi-platform windowing approach for its content as helping promote programming on both linear and streaming. Collectively, AMC streaming services reached 10.8 million subscribers, with a net addition of 1.3 million in Q2.

Apple

Cable One

Charter Communications

Charter lost 240,000 residential video subscribers in Q2 and added 14,000 SMB subs. The cable operator ended June with 14.9 million residential video customers.  

Comcast/NBCUniversal

Comcast’s cable TV losses continued for another quarter, this time dropping 521,000 net video subscribers in Q2. NBCUniversal’s Peacock subscribers were flat, but the streaming service helped fuel growth in the media segment.

Comscore

Comscore saw second quarter revenue rise 4% year on year to $94.1 million. On the earnings call CEO Jon Carpenter emphasized local markets measurement as a significant near-term opportunity.

Dish Network

Dish Network continued to lose pay TV subscribers in Q2, shedding 202,000 net satellite customers and 55,000 net subs for its virtual MVPD Sling TV.

Fox

Bucking an industry trend, Fox Corporation CEO Lachlan Murdoch said the company isn’t currently seeing any negative impact on the business from a slowdown in advertising. In its fiscal fourth quarter Fox saw 7% growth in advertising revenue to reach $1.05 billion.  

FuboTV

During Q2 earnings FuboTV disclosed that its sports wagering business has been put under strategic review, with the vMVPD abandoning plans to go it alone. FuboTV ended the quarter with more than 1.2 million paid subscribers, including 947,000 in North America.

Google

Google-parent Alphabet reported tepid second quarter ad sales growth of 4.8% for YouTube. On the earnings call executives expressed excitement for opportunity in the connected TV space.

Harmonic

Harmonic CEO Patrick Harshman said the underlying highlight for the company’s video segment in Q2 was software-as-a-service revenue, which jumped 69% year over year to $8.6 million. He pointed to live sports streaming as “an increasingly active and opportunity rich end market.”

Lionsgate

Lionsgate ended the recent quarter with 26.3 million OTT subscribers, with 1.8 million Starz streaming additions in the period including 700,000 domestically. During the earnings call executives said a number of series moving into later seasons helps to somewhat insulate the company from recessionary pressure in its TV segment.

Limelight Networks/Edgio

Limelight, now known as Edgio, reported higher-than-expected quarterly revenue in Q2. Since Limelight acquired Edgecast earlier this year, the company is now looking to market itself as a bigger cybersecurity player in the media space.

Meta

In Q2, Meta saw a more than 30% increase in user engagement with Reels across Facebook and Instagram. CEO Mark Zuckerburg said ad monetization for Reels is making faster progress than expected.

Netflix

Netflix lost 970,000 net paid streaming subscribers in the second quarter of 2022, results that were better than the company’s earlier projected losses of 2 million in Q2. On the earnings call, executives cited an early 2023 timeline for introducing an ad-supported tier, and discussed their pick of Microsoft as an ad sales and technology partner.   

Nexstar Media

On Nexstar’s second-quarter earnings call, CEO Perry Sook rebuffed comments by Netflix’s co-CEO that the end of linear TV is imminent. Nexstar reported all-time high Q2 net revenue of $1.25 billion.

Nielsen

Nielsen saw revenue increase 2.4% year over year to $882 million. The audience measurement company hopes to regain industry TV ratings accreditation later this year.

Paramount Global

Paramount+ added 4.9 million subscribers in Q2 to reach 43.3 million. Across streaming services, including Pluto TV, direct-to-consumer subscribers rose to nearly 64 million. The company highlighted its global strategy with several international market launches already underway and planned for 2022.

Roku

Roku missed Q2 expectations as it faced TV spending pullback from advertisers amid a challenging macro economic environment. As it reported results, the company touted $1 billion in commitments from this year’s Upfront season.

Sinclair Broadcast Group

Sinclair Broadcast Group reported lower net losses in the second quarter after it decoupled the Diamond Sports regional sports network from financial results. While total advertising revenue was down 25% in the quarter, CEO Chris Ripley said year-to-date political ad revenue hit all-time record levels.

Tegna

TelevisaUnivision

TiVo/Xperi

Xperi scored its first smart TV OEM customer for the TiVo operating system, with shipping expected to start in mid-2023. On the earnings call CEO Jon Kirchner said its media platform category is expected to drive the greatest revenue growth over the next several years. Total revenue for the quarter was up 5% year over year to $234 million.

Vizio

Vizio saw hardware sales start to in the second quarter but saw a 69% year over year jump in revenue for is Platform Plus business, which includes SmartCast and Watch Free Plus. The total number of hours consumed on its TV sets grew to 8.154 billion, with around 50% of those hours directly from content streamed via apps on its SmartCast platform.

The Walt Disney Company

The Walt Disney Company reported subscriber growth across streaming platforms, including adding 6 million core Disney+ subscribers. Disney disclosed a December 8 launch date and other details for its Disney+ ad-supported tier.

Warner Bros. Discovery

Warner Bros. Discovery disclosed plans to launch a new streaming service that combines content from Discovery+ and HBO Max under one brand, with a U.S. launch expected in summer 2023. It’s also exploring options for launching a free ad-supported streaming TV (FAST) service. WBD’s direct-to-consumer subscriber count reached 92.1 million in Q2, marking an increase of 1.7 million from Q1.

WideOpenWest

WOW! isn't seeing much fixed wireless access competition in its markets, according to CEO Teresa Elder. The provider added 2,200 high-speed data customers in Q2. 

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August

CuriosityStream

Mediacom