Television
Report on Shemaroo

Electronic Arts shares surge 9 per cent on strong earnings

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2015/09/08/out.jpg?itok=5Vl399Ay

MUMBAI: Electronic Arts beat earnings expectations in the most recent quarter, the first since Larry Probst took over as CEO in March, and an accomplishment that sent its stock nine per cent higher in after-hours trading on Tuesday.

The maker of video games said digital sales soared as revenue from packaged goods dropped during its fiscal first quarter.

Still, the company reported a net loss of $121 million in the latest quarter on adjusted revenue that rose by a per cent to $495 million. On a per-share basis, Electronic Arts lost 40 cents while analysts predicted it would lose 60 cents.

During the regular trading session on Tuesday, the stock fell by a per cent to $23.83. The stock surged more than $2 a share, though, after the closing bell.

Among the highlights was a record quarter for sales of The Simpsons: Tapped Out. Also, FIFA 13 digital net revenue surged 92 per cent to top $70 million in the quarter.

"EA had a solid quarter, driven by continued digital growth and disciplined cost management," said Probst. "We are also executing on a clear set of goals for leadership on mobile, PC, current and next-generation consoles."

Probst was a former CEO who took back the position in March after John Riccitiello stepped down, blaming himself when the company fell short of certain financial goals.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/06/photogrid_plus_1620306953127.jpg?itok=PkbbVDxq
Zee Telugu celebrates Mother's Day with Mathrudevobhava event

KERALA: Zee Telugu is all set to entertain viewers with its Mother's Day special event —Matrudevobhava. The program will go live on Sunday, 9 May at 5 PM.  Packed with extreme entertainment, Matrudevobhava consists of mindblowing performances that viewers can enjoy from their homes this Sunday. The...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/06/photogrid_plus_1620306816261.jpg?itok=A5Ndfx7n
Fox Corp profits shoot up in Q3, despite ad revenue dip

New Delhi: Fox Corporation on Thursday reported increase in quarterly net income which rose to $582 million as compared to the $90 million reported in the prior year quarter. A change in how the TV broadcasting company valued some of its assets is being considered a key reason for the increase in...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/06/photogrid_plus_1620306295104.jpg?itok=CWe4yv7w
Amitabh Bachchan returns to host Kaun Banega Crorepati 13

NEW DELHI: At a time when the nation is reeling under the pall of the Covid2019 pandemic, TV audiences have been offered a ray of hope with the announcement of a new season of Kaun Banega Crorepati. The game show is one of the most popular programmes ever broadcasted on Indian television. One...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/06/photogrid_plus_1620296783772.jpg?itok=YtqmkkOC
&flix turns up the heat with summer blockbusters

MUMBAI: As India battles the second wave of a Covid2019, and people are at odds and ends while sheltering in place, &flix hopes to entertain viewers with its summer line-up of movies. With 'Flix Summer Time', the channel has lined up a slew of blockbuster movies every day starting 11.30 AM in...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/06/flix.jpg?itok=Oqp8rAYG
&flix celebrates Mother's Day with 'A Bad Mom's Christmas'

MUMBAI: Mother’s Day is all about acknowledging and honouring all that your mom does for you. Due to the influence of popular culture, the day has turned into a celebration of ideal motherhood. But our mother, no matter how loving and brilliant they may be, are human too, and imperfect. So this...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/06/tv-advertising.jpg?itok=pDTjyf2_
TV advertising stares at a stressful quarter amid low market sentiment

Television advertising is expected to bounce back this year, courtesy a power-packed live sports line-up. While the January-March period has been exceptionally good for the industry, there has been a sudden reversal since then – IPL 2021 has been halted midway.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/05/photogrid_plus_1620218741997.jpg?itok=T8llNHn9
Post-pandemic, 50% commuters anticipate continued remote working

Mumbai: More than half of commuters around the world plan to continue working remotely, at least in part, after the pandemic. This, together with a growing preference for healthier modes of transport, but also a resurgence in commuting by car, means the next year will be pivotal in shaping the...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/05/photogrid_plus_1620219382167.jpg?itok=_OfY7SVx
Zee, Salman Khan to channel ‘Radhe’ revenues into India’s fight against Covid

MUMBAI: As the pandemic continues to wreak havoc in India, Zee Entertainment and Salman Khan Films (SKF) have pledged to support Covid2019 relief efforts across the Nation, including the donation of essential medical equipment ranging from oxygen cylinders, concentrators, and ventilators.  This...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/05/star.jpg?itok=i9W4N2GX
Disney and Star India contribute Rs 50 crore for Covid relief efforts

KOLKATA: Amid the ongoing Covid2019 crisis, leading TV network Star India has pledged financial support of Rs 50 crore for relief efforts. The announcement was made through Star India's Twitter handle today. The proceeds will be utilised to aid India’s battle against Covid and towards the...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required