Blog: wall street

Read our latest daily deep dives, hot takes, and exciting updates about the entertainment world. Check out the latest insight from your favourite analyst, or search by coverage areas - music, entertainment and fandom, creator economy and social.

Quick Take: Big Tech’s Q3 Earnings Have Big Implications for Media

Zach Fuller
With US listed public companies’ quarterly earnings currently being drip-fed to Wall Street, here are two of the implications for Media and Advertising entities from Tech’s Big Four Q3 earnings: Amazon’s Media Presence is Continuing to Grow: While Amazon did not break out its specific numbers around the nascent advertising and media group aspects of its business, its revenue defined as other, is alongside its emerging subscription revenue (Prime, Amazon Video etc), is the fastest growing element of the Amazon ecosystem.
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Comcast Feels The Heat As Wall Street Shows Its Concerns Over Cord-Cutting

Tim Mulligan
Wall Street is not renowned for its ability to take the long-term view. A good example is the recent massive sell-off in Comcast stock, which saw $16 billion wiped off its market cap. It followed the announcement last week from Comcast’s residential products chief Matthew Strauss, that the company could lose as many as 150,000 pay-TV subscribers in Q3 2017.
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