Reddit second quarter revenue rockets higher to $805 Million
Reddit (NYSE:RDDT) announced second-quarter 2026 revenue of $805 million, up 61% year over year, as advertising revenue growth supported higher financial results.
Reddit (NYSE:RDDT) announced second-quarter 2026 revenue of $805 million, up 61% year over year, as advertising revenue growth supported higher financial results.
Comcast (NASDAQ:CMCSA) delivered its second-quarter 2026 financial results, highlighted by robust adjusted earnings per share of $1.04 and $4.6 billion in free cash flow.
InterDigital (NASDAQ:IDCC) secured another injunction against Disney (NYSE:DIS) after a European court found infringement of a valid HEVC video-encoding patent.
Netflix (NASDAQ:NFLX) reported Q2 revenue of $12.56 billion and EPS of $0.80, beating earnings forecasts but missing revenue estimates.
Twelve US states have filed a lawsuit in an Oakland federal court to block Paramount's proposed US$110 billion acquisition of Warner Bros Discovery (NASDAQ:WBD).
Paramount (NASDAQ:PSKY) faces a lawsuit from California and 11 other states seeking to block its proposed $110 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD), with regulators alleging the deal could reduce competition in entertainment markets.
Meta Platforms (NASDAQ:META) faces preliminary findings from the European Commission that Instagram and Facebook may have violated the European Union’s Digital Services Act through design features that regulators say could encourage compulsive user engagement.
Getty Images (NYSE:GETY) officially terminated its proposed corporate merger agreement with Shutterstock (NYSE:SSTK) following antitrust regulatory complications.
Sky, the UK-based television and telecom provider owned by Comcast (NASDAQ:CMCSA), has agreed to acquire ITV’s media and entertainment division in a deal valued at up to £1.6 billion.
FAST TRACK GROUP (NASDAQ:FTRK) reported audited financial results for the fiscal year ended February 28, 2026, showing total revenue of $1.7 million, a 112% increase from the prior year.
Flash Sports & Media Holdings (NASDAQ:FLZH) signed a confidential, non-binding letter of intent to acquire a 51% controlling interest in Dubai-based hospitality group Nooa.
Comcast (NASDAQ:CMCSA) said it will divide its operations into two standalone public companies, separating its media assets from its connectivity and technology businesses through a tax-free spin-off.