From AMC to Warner Bros. Discovery: Tracking video earnings in Q4 2022

Earning season is underway, and FierceVideo is tracking results from streaming services, programmers, broadcasters, pay TV operators and smart TV OEMs 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. And for a look back at the prior quarter, see our earnings tracker for the September period.

Alphabet (Google/YouTube)

Google-parent Alphabet reported a drop in ad revenue at YouTube for the second quarter in a row. In Q4 2022 YouTube ad revenue slipped 8% to around $8 billion, in the face of broader advertising pullback. A key focus going forward is monetization of Shorts, which now average 50 billion daily views. On the earnings call, executives discussed plans to create an engaging user experience for NFL Sunday Ticket coverage, such as polls and chats.


Amazon’s investment in content during 2022 ticked up to reach a total of $16.6 billion for video and digital content, compared to the $13 billion spent in 2021. Around $7 billion of 2022 spend went towards Amazon originals, live sports and licensed third-party video content included with Amazon Prime memberships.


Charter Communications

Charter continued to lose video subscribers in Q4 – shedding 145,000 in the period – but at a slower clip than others in the industry, something the cable operator attributed to its mix of skinnier video bundle options. Executive Chairman Tom Rutledge  still views the video marketplace as structurally flawed, while CEO Chris Winfrey indicated the company is now more indifferent when it comes to carrying certain content at higher or increased price when it’s widely available elsewhere, sometimes for free.


Comcast’s cable pay TV business shrunk for another quarter in a row, losing 419,000 net subscribers to end 2022 with a base of 15.5 million. However, growth at NBCUniversal’s Peacock continued, with subscribers surpassing the 20 million mark. Still, investment in the streaming service dragged down NBCU quarterly results, though executives said they expect Peacock losses to peak this year at around $3 billion. Comcast CEO Brian Roberts also discussed plans to launch “one global user interface” across its streaming and TV devices, read more here.

Fox reported another strong quarter for free ad-supported streaming TV (FAST) service Tubi, with total viewing time jumping 41% year on year. December alone accounted for Tubi’s highest TVT and user month ever. Advertising revenue on the platform also continued to grow, increasing 25% year over year during the quarter.


Comcast’s DOCSIS 4.0 rollout boosted Harmonic’s Q4 results, with the cable operator accounting for 48% of around$164 million in revenue for the period.



Although Lionsgate lost 200,000 Starz subscribers in the period, its TV and film business helped earnings beat Wall Street expectations as revenue rose to $1 billion. Lionsgate is prepped with a strong upcoming content slate and is still on track to separate its Starz and studio businesses by September. On the earnings call executives pointed to the industry as primed for Starz bundling, and plans to announces its first major domestic bundling agreement this month.  


Netflix exceeded its own expectations for subscriber growth in Q4, adding 7.66 million global paid users, compared to the 4.5 million it projected. Around 909,000 were added in the U.S. and Canada, and the remaining came from international markets. In a major leadership change, co-founder and CEO Reed Hastings stepped down to now serve as executive chairman, with former COO Greg Peters taking on the co-CEO role alongside Ted Sarandos. Netflix said it’s seeing very little switching from higher-priced ad-free plans to its Basic with Ads plan, alongside better-than-expected engagement on the recently ad-supported tier.


Meta CEO Mark Zuckerberg said Reels plays on Instagram and Facebook “more than doubled over the last year,” but have yet to start generating as much revenue as other services across its family of sites, such as the News Feed. Improving Reels monetization remains a key focus for Meta, with engagement on the format contributing to ad impressions growth of 23% year over year across Meta’s Family of apps.


The Walt Disney Company

Disney grew Disney+ subscribers in the U.S. and Canada by 200,000 in period, but domestic average revenue per user (ARPU) declined 2% in a period that saw increases to its base subscription fee. On the call Disney CEO Bob Iger reaffirmed the company’s future as rooted in streaming, but also disclosed plans to slash 7,000 jobs globally as it targets at least $5.5 billion in cost savings.


Akamai Technologies

AMC Networks



Dish Network

While Dish has yet to officially disclose Q4 earnings, preliminary KPIs were contained in an SEC filling, that showed Dish lost 191,000 satellite TV subscribers and shed 77,000 subs for its virtual MVPD Sling TV.


E.W. Scripps


Nexstar Media

Paramount Global


Sinclair Broadcast Group




Warner Bros. Discovery

Xperi (TiVo)