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$TIVO said $FTR signed a multi-year product license agreement and renewal of its entertainment discovery intellectual property license agreement. This deal names $TIVO as the exclusive provider of advertising in $FTR's interactive programming guides' program listings grid and provides $FTR with license to $TIVO intellectual property portfolios.
$DIS' Studio Entertainment revenue for 1Q18 were relatively flat from last year, while operating income declined 2%. The decrease was due to decreases in home entertainment and TV/SVOD distribution results as well as lower income from Consumer Products & Interactive Media segment revenue share.
$DIS' Parks and Resorts revenue for 1Q18 grew 13% year-over-year, and operating income increased 21%. The growth was due to increases at domestic parks and resorts, cruise line and vacation club businesses as well as at Disneyland Paris. Domestic results benefited from the comparison to the impact of Hurricane Matthew, which occurred last year.
$DIS' Cable Networks revenue for 1Q18 rose 1% year-over-year, while operating income fell 1%. Lower operating income was due to a loss at BAMTech and lower advertising revenue hurt EPSN. Lower average viewership, fewer units delivered and lower rates hurt lower advertising revenue.
$DIS reported a jump in 1Q18 earnings driven by one-time tax benefit associated with new U.S. federal income tax legislation. Net income rose to $4.42Bil or $2.91 per share from $2.48Bil or $1.56 per share last year. Revenue rose 4% to $15.35Bil. Adjusted EPS increased 22% to $1.89.
In 3Q17, $TWX’s Warner Bros.witnessed 5% increase in revenue to $4.1Bil, due to higher games revenues. Games revenues benefited from a favorable mix of releases in the current year period. Theatrical revenues decreased as lower home entertainment revenues were partly offset by higher television licensing revenues of theatrical product.
$TWX reported a 13% rise in Home Box Office revenue to $1.7Bil, due to increase of 16% in Subscription revenues, partially offset by a decrease of 7% in Content and other revenues. Subscription revenues increased due to higher domestic subscribers and rates and international growth.
During 4Q17, revenues in $TWX’s Turner segment rose 10% to $3.1Bil, helped by increases of 14% in Subscription revenues, 32% jump in Content and other revenues and 2% rise in Advertising revenues. Subscription revenues benefited from higher domestic rates and growth at Turner's international networks.
Media giant $TWX reported an increase in its 4Q17 profits, mainly due to gains at Turner and HBO and also a benefit of $1.06 a share from tax cuts. Net income rose to $1.3Bil, or $1.75 per share, compared to $29MM, or $0.37 per share a year ago. Adj. EPS was $2.66 Revenues grew 9% to $8.6Bil.
$GOOGL $GOOG intends to use cash primarily to support organic growth. The stock repurchase program has been extended to 8.6Bil more Class-C shares. The primary areas of investment will be machine learning, Cloud, Search and YouTube. In 4Q17, the company forged partnerships with Cisco, Salesforce and SAP for Cloud, G-Suite and Analytics services.
$GOOGL $GOOG said it expects traffic acquisition costs to continue to increase in near term, reflecting the growing strength in mobile search. In 2Q18, products of home gadget division Nest were launched in 12 new countries. During the quarter, Waymo, the fleet of fully-automated self-driving cars, surpassed 4MM miles of driving on public roads.
The iPhone maker $AAPL's revenue jumped 12.6% to $88.29Bil in 1Q18, though the number of iPhone units sold fell 1% YoY, thanks to the pricier iPhones that increased the company's margins. Japan had the highest growth in revenue of 26% followed by Rest of Asia Pacific, Europe & Greater China. $AAPL guided for 2Q18 revenue of between $60-62Bil.
Geographically for 1Q18, $AAPL showed good growth across all regions. Japan showed the highest momentum with revenue surging 26% YoY, while China revenue grew 11%, driven by higher sales of the company's premium smartphone iPhoneX. The company also reported that its active installed base of devices reaches 1.3Bil in January.
Search service giant $GOOG $GOOGL incurred a heavy tax-related charge in 4Q17, and slipped into the negative territory. Contrary to expectations, Alphabet reported a loss of $4.35 per share, triggering a sharp fall in the stock price. Strong advertisement revenues lifted the topline by 24%. Other Bets remained in loss, despite a rise in revenues.
$T will increase 2018 capital investments by $1Bil with tax reform. Even with that, $T expects significant free cash flow growth in 2018 and going forward with dividend payout ratio improving into high 50% range this year. And $T is committed to deleveraging after $TWX closes with plans to return to historic levels by end of 2020, if not before.