IAC/InterActiveCorp. topped quarterly earnings expectations Thursday, with its Vimeo business posting accelerating revenue growth amid continued demand for video software during the pandemic.
Paramount+ is doubling down on movies, adding 1,000 more films to the streaming service next month, and averaging a new original movie every week in 2022.
Shares of Roku Inc. jumped 9% in after-hours trading Thursday after the streaming company delivered better-than-expected results for its first quarter and issued an upbeat outlook for the current period.
AMC Entertainment Holdings Inc. lost more than half a billion dollars in the first three months of the year while reopening almost all of its U.S. theaters, but executives see brighter days ahead and the stock gained 3% in after-hours trading Thursday after eight straight days of declines.
Peloton Interactive Inc. executives expect to take a financial hit from the recall of its treadmills, but they believe continuing strong demand for the company’s exercise bikes and the clearing a delivery backlog should come close to papering over the shortfall.