Former Amazon Studios FAST exec, former Variety VIP+ senior analyst.
Entertainment Earnings
IAC’s Q4 2025 results highlight a profound digital divergence. While its People Inc. publishing arm successfully pivoted to high-margin AI data licensing, driving digital revenue to $355M, its legacy Search segment collapsed 68% year-over-year as Google’s AI Overviews decimated traffic arbitrage.
Entertainment Earnings
Meta's Q4 2025 earnings reveal a company leveraging peak ad-tech monetization to fund a historic AI infrastructure cycle. Driven by a 24% surge in ad revenue to $58.1B, Meta is successfully self-funding a staggering $22B quarterly CapEx outlay without destroying its elite 41% operating margin.
Entertainment Earnings
Magnite hit a massive inflection point in Q4 2025 as streaming ad spend skyrocketed. Driven by a 20% surge in CTV Contribution ex-TAC and elite 43% EBITDA margins, MGNI has achieved zero net leverage and authorized a new $200M buyback, proving its dominance as an independent sell-side platform.
Entertainment Earnings
DoubleVerify’s Q4 2025 earnings highlight extreme operational resilience. Despite ad market volatility, DV posted $205.6M in revenue with elite 38% EBITDA margins. Driven by a 90% greenfield win rate and new AI fraud-prevention tools, DV is successfully combating the rise of GenAI open-web spam.
Entertainment Earnings
Comscore’s Q4 2025 earnings highlight a critical transition. While legacy syndication dragged total revenue to $93.5M, cross-platform solutions are capturing the digital shift. Backed by $14.7M in Adjusted EBITDA and a historic debt recapitalization, SCOR is primed for a true financial turnaround.
Entertainment Earnings
AppLovin's Q4 2025 earnings reveal an ad-tech powerhouse in hyper-growth. Driven by its AXON AI engine expanding into e-commerce, revenue surged 66% to $1.66B. More impressively, APP achieved an unprecedented 84% Adjusted EBITDA margin, generating $1.31B in free cash flow to fund massive buybacks.
Entertainment Earnings
Amazon's Q4 2025 results confirm a massive AI-driven pivot. AWS revenue surged 24% to $35.6B, its fastest growth in 13 quarters. However, a historic $131.8B AI infrastructure capex cycle severely compressed free cash flow, forcing the high-margin $21.3B ad business to subsidize cloud expansion.
Entertainment Earnings
Alphabet's Q4 2025 earnings reveal a strategic transition. While legacy third-party Ad-Tech networks continue to decline, Google Cloud surged 48% to $17.66B, capturing 14% global market share. Meanwhile, the core Search monopoly is single-handedly funding a historic 2026 CapEx cycle.
Entertainment Earnings
Versant's inaugural Q4 2025 update proved the spin-off's core thesis: it is a highly lucrative cash cow. Unburdened by streaming losses, VSNT generated $425M in free cash flow, supported by resilient live news affiliate fees and 8% growth in its Fandango-led digital ticketing segment.
Entertainment Earnings
NBCUniversal's Q4 2025 earnings highlight a deep transition. Peacock surged to 44M subscribers via the NBA, while Epic Universe drove Theme Parks past $1B in quarterly EBITDA. Meanwhile, a $122M Media loss triggered the historic Versant spin-off to insulate NBCU's future margins.
Entertainment Earnings
Comcast’s Q4 2025 earnings reveal an Xfinity Pay-TV business in strategic transition. While video subscribers compressed to 11.27M, the rate of attrition is slowing. By aggressively raising ARPU to offset subscriber bleed, Comcast is testing the price elasticity of its remaining video base.
Entertainment Earnings
Charter Communications' Q4 2025 earnings highlight a deep structural pivot. While legacy broadband shed 119,000 subscribers amid 5G FWA competition, a 13.1% surge in mobile service revenue and a shocking return to Pay TV growth (+44K subs) prove CHTR's converged bundling strategy is working.