Disney posted better-than-expected earnings driven by improvements in streaming profitability and steady performance in its theme park segment, offering some relief to investors. Concerns remain over ESPN's long-term value, as its high legacy costs and shrinking cable viewership make its recent deal with the NFL Network appear more defensive than transformative.
Digital Turbine recorded non-GAAP (adjusted) earnings per share of $0.05 on revenue of $130.92 million in fiscal Q1. While sales for the period beat the average Wall Street analyst estimate by roughly $9 million, the company's earnings per share came in $0.03 lower than the target.
Analysts predict Symbotic's Fiscal Q3 earnings will include a GAAP EPS of ($0.01), adjusted EPS of $0.05, revenue of $533.25 million, EBITDA of $28.9 million, and gross margin of 20.4%. Anything above these figures is considered a earnings 'beat'.
Roku's video advertising business has been booming, with video advertising growth surpassing overall platform revenue during the second quarter, reflecting a robust demand diversification strategy.