Versant Media Group raised its full-year guidance on Thursday, boosted by momentum in its digital brands like Fandango and GolfNow, as well as what executives referred to as “strength” in its overall business model. The company now expects total revenue for 2026 of $6.2 billion to $6.45 billion and adjusted earnings before interest, taxes, depreciation…
Peloton delivered its first full year of net profit and operating income in fiscal 2026, but said it expects sales to fall in the coming fiscal year as it begins to lap price increases on its hardware and subscription plans. Peloton shares tumbled nearly 13% in morning trading Thursday as the outlook disappointed investors. Even…
A version of this article first appeared in CNBC’s Money 101 newsletter with Sharon Epperson, an eight-week financial education series with special monthly editions. Sign up to receive the newsletters, straight to your inbox. They’re also available in Spanish. When Ashton and Adison Lawrence inherited their grandmother’s South Carolina home earlier this summer, the brothers knew they…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A megayacht once valued at more than $300 million was sold by the U.S. government for $187 million to an Emirati billionaire whose…
View over the clear turquoise waters of the harbor from verdant hilltop viewpoint above the village, Marigot Bay, Castries, St. Lucia. David C Tomlinson | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign…
“Toy Story 5,” “The Super Mario Galaxy Movie” and “Spider-Man Brand New Day.” Disney | Universal Pictures | Sony Billion-dollar films are back in Hollywood. The theatrical industry welcomed its fourth billion-dollar film of 2026 this week as Sony and Marvel’s “Spider-Man: Brand New Day” surpassed the coveted benchmark. It joins the three-comma ranks alongside…
Rita Ferro, Disney’s president of global advertising, at Disney Upfront 2026. Courtesy: Disney Co. Disney could soon make a bigger play into advertising. During an earnings call with investors on Wednesday, CEO Josh D’Amaro said the company is exploring a free, ad-supported streaming product for consumers. “We see it as a way to expand our…
Flutter shares faltered Wednesday after the company slashed its full-year U.S. profit guidance by 22% and announced the departure of CEO Peter Jackson at the end of the quarter. The current CEO of Flutter’s international business, Dan Taylor, will take the reins, effective Oct. 1. The company reported earnings per share of 49 cents for…
People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022. Octavio Jones | Reuters Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company’s experiences division on Wednesday. The experiences segment,…
Affordability is the “defining challenge” when it comes to economic mobility, according to a new report by the McKinsey Institute for Economic Mobility and the W.K. Kellogg Foundation. The survey of 30,000 Americans across income levels found that 90% of those polled cited groceries and food prices as a top cost concern, even over other…