ESPN launching its uh new direct to consumer streaming service today. It's the first time the network will deliver its full slate of programming outside of the bounds of traditional pay TV. The service is much uh more fullfeatured than ESPN uh plus.Uh, and at $30 a month will feature content from the NFL, NBA, college football, and other sports. One highlight, AI narration will allow users to get personalized versions of Sports Center in the voices of uh, ESPN anchor, something that we saw initially with Al ...

Core Viewpoint - Warner Bros. Discovery (WBD) reported its fiscal second-quarter results, showing mixed performance with revenue slightly missing analyst expectations but earnings per share exceeding forecasts [1][3][7]. Financial Performance - WBD's quarterly revenue was $9.81 billion, flat year-on-year, missing the consensus estimate of $9.72 billion [1] - Earnings per share (EPS) was reported at $0.63, surpassing the analyst consensus estimate of a 22-cent loss [1] - Adjusted EBITDA increased by 9% to $1.9 billion, exceeding expectations by 8% [3] Revenue Breakdown - Studio revenue surged 55% to $3.8 billion, with adjusted EBITDA of $863 million, driven by successful theatrical releases [4] - Global Linear Networks revenue fell 9% to $4.8 billion, while Streaming revenue grew 9% to $2.8 billion, generating $293 million in adjusted EBITDA compared to a loss in the previous year [4] Subscriber Growth - Streaming subscribers increased by 22% year-over-year to 125.7 million, with 57.8 million in the U.S. and 67.9 million internationally, achieving an average revenue per user (ARPU) of $7.14 [5] Future Guidance - WBD reaffirmed its 2025 streaming adjusted EBITDA guidance of at least $1.3 billion [5] - Analyst projections for 2025 include revenue of $38.1 billion, adjusted EBITDA of $8.9 billion, and EPS of $0.36 [6] - For 2026, revenue is forecasted at $38.2 billion, adjusted EBITDA at $9 billion, and a loss per share of $0.35 [6] Analyst Ratings - Needham analyst Laura Martin maintained a Hold rating on WBD, while Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating with a price target of $16 [2] Market Reaction - Following the results, WBD's stock traded lower by 4.72% to $11.30 [11]

Streaming Service Launch - The Walt Disney Company confirms the launch date of ESPN's flagship streaming service on August 21 [1] Competitive Landscape - The streaming landscape will get a new competitor later this month [1]

Launch Details - ESPN's standalone streaming service is set to launch on August 21 [1]

ESPN’s standalone streaming service will launch on August 21. Here's what to know: https://t.co/WnskKm7nKV https://t.co/ij4ENqLjZo ...

Fox Corp. will launch its new streaming service in the US on Aug. 21, in time to capture the NFL and college football seasons https://t.co/x1xlvkkNiX ...

Core Viewpoint - Netflix has successfully navigated past challenges and is currently performing exceptionally well in the streaming industry, making it an attractive investment opportunity [1][2]. Group 1: Financial Performance and Market Position - Netflix's latest quarterly update showcased strong results, reinforcing its dominance in the growing streaming industry [2]. - The company continues to capture viewing hours from traditional cable, with streaming accounting for 46% of television viewing time in the U.S. as of June [12]. - The global streaming market remains underpenetrated, presenting significant growth opportunities for Netflix [13]. Group 2: AI Strategy and Content Creation - Netflix is strategically leveraging artificial intelligence (AI) to enhance content creation rather than replacing traditional methods [6][7]. - The company aims to improve production quality through AI, making advanced visual effects more accessible and streamlining pre-production processes [9]. - Netflix is testing AI-driven user interfaces to facilitate easier content discovery, potentially increasing user engagement [11]. Group 3: Long-term Investment Potential - The combination of Netflix's strong financial results, brand strength, and network effects positions it as a solid long-term investment [13]. - The company's AI strategy, while not leading in AI revenue generation, shows promise for significantly enhancing its business over time [14]. - The ongoing AI revolution adds to the attractiveness of Netflix as an investment opportunity [14].

Summary of Netflix Inc. Earnings Call Company Overview - **Company**: Netflix Inc (NFLX.O) - **Industry**: Media & Entertainment - **Market Cap**: $551.809 billion - **Current Price (as of July 17, 2025)**: $1,274.17 - **Price Target**: Increased from $1,450.00 to $1,500.00 [1][7] Key Financial Highlights - **2Q Revenue Growth**: Reported at +15.9%, slightly above guidance of +15.4% YoY [15] - **Ex-FX Revenue Growth**: +17%, consistent with expectations [15] - **Full Year 2025 Revenue Guidance**: Raised to $44.8-45.2 billion from $43.5-44.5 billion, benefiting from favorable currency trends and solid organic growth [18] - **Operating Income Margin**: Expected to be 30% on a reported basis [15] - **Free Cash Flow (FCF) Guidance**: Increased to $8-8.5 billion for the year [15] Growth Drivers - **Advertising Revenue**: Expected to double in 2025 due to successful deployment of new ad tech [2][9] - **GenAI Tools**: Early adoption of Generative AI tools is enhancing content innovation and product development [2][9][14] - **Content Slate**: Strong upcoming content, including popular series, is anticipated to support growth in the latter half of the year [11] Investment Thesis - **Overweight Rating**: The investment thesis reflects confidence in Netflix's ability to sustain double-digit revenue growth through 2028, with a projected +25% EPS CAGR [5] - **Premium Valuation**: Estimates are generally in-line to above consensus, supporting the view that NFLX shares warrant a premium multiple [5][16] Market Performance - **Net Additions**: Estimates for 2025 net additions raised from 22 million to 24 million [10] - **Engagement Metrics**: Year-over-year engagement remains stable on a per household basis, with expected growth in 2H25 [9] Risks and Considerations - **Currency Impact**: A significant portion of the increased revenue guidance is attributed to foreign exchange fluctuations [10] - **Advertising Business**: While momentum appears strong, the advertising segment is still in its nascent stages, and future performance will depend on the success of new interactive ad features [12] Conclusion - Netflix is positioned for continued growth driven by innovative technology, a strong content pipeline, and a disciplined investment approach. The company’s strategic focus on advertising and GenAI tools is expected to enhance its competitive edge in the media and entertainment industry.

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Scarlet Fu taking you through to that closing bell with a global simulcast. It starts now.Tim Sandvig in the radio booth. Noora melinda in today for Carol Massar as we welcome our audiences across all of our bloomberg platforms. Tim Including youtube on a day where all eyes are on the fed, all our eyes are on that economic data. Tim Stenovec and all eyes are on some big earnings coming after the bell out of intera ...

Core Insights - Netflix exceeded Wall Street's expectations for Q2 earnings, reporting earnings per share of $7.19 and revenue of $11.079 billion, surpassing analyst consensus [1] - The company raised its full-year revenue forecast for 2025 to a range of $44.8 billion to $45.2 billion, up from the previous target of $43.5 billion to $44.5 billion [2] - The increase in revenue forecast is primarily due to the depreciation of the U.S. dollar and strong business momentum from member growth and ad sales [3] Financial Performance - Netflix has stopped reporting subscriber numbers, stating that other metrics provide a better financial performance picture; however, subscriber growth was noted to be ahead of forecasts [4] - Total viewing hours increased by 1% in the first half of 2025 compared to the same period in 2024, with subscribers watching over 95 billion hours of content [5] - Netflix shares have risen over 40% in 2025, closing at $1,274.17, slightly below the all-time high of $1,341.15 reached in June [6]