Warner Bros. Discovery’s progress in making its streaming business profitable and reducing its debt after the mega-merger that created the Hollywood giant was in Wall Street’s focus on Thursday. With the entertainment conglomerate’s second-quarter results in the book, including a streaming loss of just $3 million, and management commentary, including boosting its post-merger cost-savings target …
Amid Hollywood’s historic double strike, Netflix is on deck after the market close on July 19 with its second-quarter report that will kick off media earnings season and shed light on its subscriber momentum, the progress of its cheaper advertising tier and the impact of its password-sharing crackdown. Popular second-quarter originals from the streamer have […]
The state-run PSU s acquisition of a controlling stake in Numaligarh Refinery (NRL) and the hope of an increase in oil production have resulted in a revision in its earning estimates, say analysts, some of whom see the stock almost doubling.