Versant Q1 Profits Drop 22% as Linear and Ad Revenues Decline, Shares Surge 11%
Versant reported a 22.1% drop in Q1 profits to $286 million and a 1.1% decline in revenue to $1.7 billion, driven by lower linear distribution and ad...
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Versant Completes Sale of SportsEngine to PlayMetrics After Strategic Review
Versant has sold SportsEngine, a leading youth sports technology platform, to PlayMetrics for an undisclosed amount. The transaction follows a strateg...
Letterboxd Sale Fears: Will the Ad-Free Movie App Follow Twitter’s Fate?
Letterboxd, the ad-free movie review app, faces a potential sale after Tiny seeks to divest its 60% stake. Users fear a transformation akin to Twitter...
Comcast Q1 Earnings Surge as Peacock Loss Deepens to $432M Despite $2.1B Revenue
Comcast reported $31.5 billion in revenue and adjusted earnings of 79 cents per share, beating Wall Street estimates. Peacock, however, saw its loss w...