corporate earnings

Nexstar Media Group reported a big jump in fourth-quarter profits driven by a big haul of political advertising in a presidential election year.

Discovery reported higher than expected subscriber numbers for its direct-to-consumer streaming services, but reported lower profits for the fourth quarter.

AT&T reported a loss in the fourth quarter as the pandemic continues to impact the company’s media operations.

Netflix shares jumped Wednesday morning following an earnings report that showed the streaming company adding more subscribers than expected and generating more revenue than forecast.

Netflix reported that its paid streaming subscribers rose to 203.7 million at the end of the fourth quarter, up 23% from a year ago.

Tegna said it expects to report a 193% to 199% increase in fourth quarter net income as political advertising during the Georgia Senate runoffs contributed to record revenue.

Disney Plus has 73.3 million subs as of Oct. 3

Streaming service to launch Epix, Starz channels

Reports $11 million third-quarter loss

Tegna reported higher third-quarter profits as record political ad spending and acquisitions boosted revenue.