Key Takeaways AT&T posted Q4 revenue of $33.47B, up 3.6% and above estimates, led by wireless and fiber strength.T added 641K postpaid subscribers, including 421K wireless phone additions and 283K net fiber gains.T expects 2026 free cash flow over $18B and plans $8B in buybacks amid cost cuts and fiber expansion.AT&T Inc. (T) reported solid fourth-quarter 2025 results with healthy mobility and broadband demand trends. Both adjusted earnings and revenues surpassed the respective Zacks Consensus Estimate.The ...

Key Takeaways Netflix results are here, one of the most notable set we've seen yet. The WBD deal remains a large opportunity. Subscriber momentum has continued. The 2025 Q4 earnings season is now in full swing, with a wide variety of companies reporting results in each of the coming weeks. It looks to be another period of positivity, underpinned by a large contribution from the beloved technology sector.And outside of the big banks, entertainment titan Netflix (NFLX) reflects one of the biggest releases we’ ...

The company's 2026 revenue guidance of $50.7-$51.7 billion implies 12-14% growth, down from 16% in 2025, while first-quarter profit forecasts came in below analyst expectations. "Overall, this points to a challenging start to the year,†noted Investing.com analyst Thomas Monteiro. Warner Bros. Acquisition Creates Additional Uncertainty The stock's weakness is further compounded by Netflix's amended all-cash offer for Warner Bros. Discovery, which now values the acquisition at $27.75 per share for Warner Bros ...

Netflix exceeded Wall Street's revenue estimates for its holiday quarter, as it crossed 325 million subscribers, the company said on Tuesday. ...

Group 1 - The article provides earnings reminders and analysis on Netflix, indicating a focus on the company's financial performance and market position [1] - It highlights the delivery of market updates and stock recommendations, suggesting a proactive approach to investment opportunities [1] Group 2 - The content emphasizes the importance of staying informed about earnings and market trends, which is crucial for making informed investment decisions [1]

Core Viewpoint - AT&T Inc. reported modest third-quarter 2025 results with strong mobility and broadband demand trends, but both adjusted earnings and revenues fell short of Zacks Consensus Estimates [1] Financial Performance - AT&T's net income on a GAAP basis was $9.28 billion or $1.29 per share, a significant improvement from a net loss of $0.23 billion or a loss of 3 cents per share in the same quarter last year, primarily due to a $5.5 billion gain from the sale of DIRECTV investments [3] - Adjusted earnings remained flat at 54 cents per share, missing the Zacks Consensus Estimate by a penny [4] - Quarterly GAAP operating revenues increased by 1.6% year over year to $30.71 billion, driven by higher Mobility service and equipment sales, but missed the consensus mark of $30.96 billion [5] Subscriber Growth and Segments - AT&T experienced solid wireless traction with 328,000 post-paid net additions, including 405,000 postpaid wireless phone additions, while postpaid churn was 1.07% [6] - Total segment operating revenues for Communications were $29.52 billion, up from $29.07 billion, with Mobility business revenues increasing by 3.1% to $21.71 billion and Consumer Wireline revenues up by 4.1% to $3.56 billion [7] - Revenues from the Mobility unit improved by 2.3% to $16.93 billion, while equipment revenues rose by 6.1% year over year to $4.79 billion [8] Cash Flow and Liquidity - For the first nine months of 2025, AT&T generated $28.96 billion in cash from operations, compared to $26.87 billion a year ago, with free cash flow for the quarter at $4.86 billion [11] - As of September 30, 2025, AT&T had $20.27 billion in cash and cash equivalents and long-term debt of $128.09 billion, with a net debt to adjusted EBITDA ratio of about 2.59X [11] Future Guidance - AT&T aims to increase efficiencies to lower operating costs while focusing on 5G and fiber-based connectivity, expecting wireless service revenues to improve by 3% or more and broadband revenues to grow in the mid to high-teens for 2025 [12] - Adjusted earnings are projected to be between $1.97 and $2.07 per share, with free cash flow expected to exceed $16 billion due to cost savings [13]

Theme Park Revenue - Disney's parks and experiences division is a key area of investment, with $60 billion planned over a decade [3] - The industry is observing the impact of new competition in Florida, specifically Epic Universe in Orlando, on Disney's park results [4] - Consumer spending habits, booking trends, and pricing strategies at Disney parks are under scrutiny [4][5] - The focus is on how much consumers are spending within the parks and whether they are shortening their stays in Orlando [6] - Performance of parks in Paris and Asia are also important [6] Streaming Subscriber Growth - Disney's stock previously saw a boost after adding 1.4 million streaming subscribers, exceeding expectations [7] - The expectation is to add approximately 1.5 million subscribers to Disney Plus [7] - The launch of a new bundle combining ESPN, Hulu, and Disney Plus is anticipated to drive subscriber growth and reduce churn [8] - Disney aims to retain subscribers through bundled services and perks [9] - The industry is considering the potential impact of streaming services on traditional cable subscriptions, with speculation about a bottom around 50 million subscribers [9]

Core Insights - AT&T Inc. reported strong second-quarter 2025 results with adjusted earnings and revenues exceeding Zacks Consensus Estimates [1][8] Financial Performance - Net income on a GAAP basis was $4.46 billion or 62 cents per share, up from $3.55 billion or 49 cents per share in the same quarter last year, primarily due to higher contributions from DIRECTV investments [3] - Quarterly GAAP operating revenues increased by 3.5% year over year to $30.85 billion, driven by higher Mobility service and equipment sales, as well as Consumer Wireline revenues [4] - Adjusted operating income rose to $6.49 billion from $6.28 billion, with adjusted operating income margins at 21% [4] - Adjusted EBITDA improved to $11.73 billion from $11.34 billion [4] Subscriber Growth - AT&T added 479,000 post-paid subscribers, including 401,000 postpaid wireless phone additions, with a postpaid churn rate of 1.02% [5] - Postpaid phone-only average revenue per user (ARPU) increased by 1.1% year over year to $57.04 [5] Segment Performance - Communications segment operating revenues were $29.7 billion, up from $28.58 billion, with Mobility business revenues increasing by 6.7% to $21.84 billion [6] - Service revenues from the Mobility unit improved by 3.5% to $16.85 billion, while equipment revenues rose by 18.8% year over year to $4.99 billion [7] - Revenues from the Consumer Wireline business increased due to fiber broadband gains, with net fiber additions of 243,000 [7] Cash Flow and Liquidity - For the first six months of 2025, AT&T generated $18.81 billion in cash from operations, compared to $16.64 billion a year ago [10] - Free cash flow for the quarter was $4.39 billion, up from $3.95 billion in the previous year [10] - As of June 30, 2025, AT&T had $10.5 billion in cash and cash equivalents, with long-term debt of $123.06 billion [10] Future Guidance - AT&T expects wireless service revenues to improve by 3% or more in 2025, with broadband revenues anticipated to grow in the mid to high-teens [11] - Adjusted earnings are projected to be between $1.97 and $2.07 per share, with free cash flow expected to exceed $16 billion [12]

Core Insights - Netflix reported Q2 2025 earnings of $7.19 per share, exceeding estimates by 1.7% and showing a 47.3% increase year-over-year [1][10] - Revenues reached $11.07 billion, a 16% year-over-year increase, driven by membership growth, higher subscription pricing, and increased ad revenues, although it slightly missed consensus estimates by 0.06% [1][10] Revenue and Membership Growth - All regions experienced double-digit revenue growth year-over-year, with UCAN revenue growth accelerating to 15% from 9% in Q1 2025 due to price changes [3] - Member growth surpassed company forecasts, although it occurred late in the quarter, limiting its impact on Q2 revenues [4] Content Performance - The second quarter featured successful content releases, including Squid Game S3 with 122 million views, making it Netflix's sixth biggest season ever [2][10] - Other notable series included Sirens (56M views), Ginny & Georgia S3 (53M views), and various international titles, showcasing a diverse content slate [5][8] Financial Metrics - Operating income totaled $3.8 billion, up 45% year-over-year, with an operating margin of 34%, compared to 27% in the previous year [12] - Marketing expenses increased by 10.7% to $713.3 million, while technology and development expenses rose by 15.9% to $824.7 million [11] Balance Sheet and Cash Flow - As of June 30, 2025, Netflix had $8.17 billion in cash and cash equivalents, with total debt at $14.5 billion [13] - Free cash flow was reported at $2.3 billion, down from $2.66 billion in the previous quarter [13] Guidance and Future Outlook - Netflix raised its full-year 2025 revenue forecast to $44.8-$45.2 billion, indicating a year-over-year growth of 15%-16% [16] - The company expects Q3 2025 revenues of $11.526 billion, driven by member growth, pricing, and advertising revenues, with an operating margin projected at 31% [18] Upcoming Content Slate - The second half of 2025 will feature major franchise returns, including the final season of Stranger Things and new series like Billionaires' Bunker and Black Rabbit [20][21] - Upcoming films include sequels and original productions, with notable titles from acclaimed directors and a diverse international lineup [22]

Financial Performance - Netflix's revenue growth in the US is 15%, with faster constant currency growth in other markets [5][7] - Advertising revenue is doubling year-over-year [7] Subscriber Growth & Engagement - Netflix is experiencing solid subscriber growth, though they no longer report the specific numbers [7][8] - Overall time spent viewing increased by 1-2% in the first half of the year [9] - Engagement per member is down in the upper single digits [9] - The key driver for Netflix's stock in the next year will be increasing engagement among subscribers [10] Content Strategy - Netflix's content slate is heavily weighted towards the second half of the year [3] - The end of the quarter saw a subscriber spike led by Squid Game [3] - The final season of Stranger Things is expected to be released at the end of the year [4] - Historically, content has driven subscriber growth and overall growth for Netflix [4]