Public MarketsEarnings and share moves
CTV & Streaming7
Q2 2026: revenue $1.35B (+22% YoY), beat; EPS $1.18 vs $0.61 est. — 5th straight profitable quarter.
Reports Q3 Nov 2 after the close, with no call and no outlook, pending its $22B Fox Corp acquisition (agreed June 15).
Q2 2026: revenue $715M (+3% YoY), missed $751.5M est.; adj. EPS $0.34 vs $0.37 est.
CFO, CMO, and commercial chief all replaced this quarter.
Q3 2026 (Oct 20): revenue $12.87B (+~12%), in-line; EPS $0.87 vs $0.82 est. — beat; op. income $4.46B (+37%), margin 34.6%.
FY26 ad revenue forecast cut to ~$2.7B from ~$3B; 15-country ad-tier expansion pushed to 2027. Q4 EPS guide $0.67 vs $0.73 est.; stock −5–6% after hours. Record $4.8B buyback.
Q3 FY26: revenue $25.25B (+7%), slight miss; adj. EPS $2.06 vs $1.86 est. — beat.
Streaming operating income more than doubled YoY to ~$712M; stock +~4% premarket.
Last standalone prints (Q2 2026): WBD revenue $8.72B, missed $9.21B est.; PSKY revenue $6.91B vs $6.88B est.
Paramount closed its ~$81B ($111B with debt) WBD acquisition Oct 6, 2026; the combined company trades as SKYD (Ellison and Kreiz co-CEOs). WBD holders got $31.02 cash per share. First combined results not yet reported.
Figures not confirmed in this research pass.
Sports-first vMVPD; folded the Fox-backed Hulu + Live TV merger in early 2025.
Figures not confirmed in this research pass.
Cable-network group leaning on AMC+ bundling as linear affiliate revenue erodes.
Ad-Tech Platforms8
Q2 2026: revenue $119.8B (+24%), beat; ad revenue $81.63B; YouTube ads $11.1B (+13%).
Stock fell >6% on a raised 2026 capex guide ($195–205B, up from $180–190B).
Q2 2026: net sales $200.6B (+20%); AWS $42.2B (+37%); ad revenue $19.8B (+26%, nearing $20B/qtr).
2026 capex guide raised to $220B.
Q2 2026: non-GAAP EPS $0.26 vs $0.25 est.; revenue $192.8M vs $179.2M est. — beat.
CTV now 51% of Contribution ex-TAC, up 36% YoY; FY26 targets raised.
Q2 2026: adj. EPS $0.12 vs an est. $0.23 loss — big beat; revenue $78.6M (+11%).
Adj. EBITDA margin 25%, up from 20%.
Q2 2026: adj. EPS $0.80 vs $0.70 est. — beat; revenue $428M.
Stock fell 28% premarket on a guidance cut and enterprise-client pullback; Retail Media spend +31% YoY.
Figures not confirmed in this research pass.
Verification/measurement vendor with growing CTV-specific attention and outcomes products.
Figures not confirmed in this research pass.
IAS's direct rival in ad verification; both racing to build CTV-native measurement.
Figures not confirmed in this research pass.
Mobile-app-install ad platform expanding its AXON engine toward CTV/web inventory.
Legacy Media & Agencies8
Q2 2026: revenue $29.94B (-1.2%); adj. EPS $1.04 (-16.7%).
Announced an NBCUniversal+Sky spin-off within 12 months; Peacock's first-ever profitable quarter.
Q2 FY26: revenue $5.18B; net income $247M, down from $388M YoY.
Ad revenue +1%, Tubi AVOD growth offsetting lower political ad revenue.
H1 2026: like-for-like net sales -4.7% (Q2 -2.8%, improving); operating margin 8.4%.
Net new billings -$1.1B in H1 vs. Publicis +$1.6B.
Post-IPG-merger core revenue ~$6B (£4.5B) — comparisons complicated by the Dec 2025 merger.
H1 2026: organic growth 4.8% in Q2; net revenue €3.77B.
Raised full-year organic growth guidance.
Figures not confirmed in this research pass.
Local-broadcast group with a growing CTV/streaming ad-tech arm (Compulse).
Figures not confirmed in this research pass.
Largest US local-TV station owner; pursuing the pending Tegna acquisition.
Figures not confirmed in this research pass.
Sir Martin Sorrell's 'new-model' digital agency group, built to compete with the WPP/Omnicom/Publicis holdcos.
CTV CPM BenchmarksWhat inventory is actually clearing at
The benchmarks
By platform6
An inventory glut pushed CTV CPMs down 10–30% through 2025 — current levels read as a post-correction floor.
Source: AdWave, Paramount Ads Manager, NAMediaExperts — Q2–Q3 2026
Ad Spend by Country / Region2026 forecast cycle
Crosses $1 trillion for the first time in 2026, across 56 tracked markets.
CTV upfront ($17.73B) to exceed primetime linear upfront ($16.98B) for the first time in 2026. Total US ad spend growth (all formats) tracking +5.0%.
The US is the dominant driver of this figure.
The fastest-growing region overall.
Trails the Americas and APAC — the slowest-growing major region tracked.
Driven by short-form video and lifestyle-platform ad formats.
Driven by major sporting events and digital expansion.
Smaller base than the US or China but among the fastest-growing CTV markets tracked.
The fastest-growing major market tracked.
A usage figure, not confirmed ad-spend — Germany's CTV ad-spend total wasn't confirmed this pass.
Watch Time & Platform ShareWhere the hours actually go
United States
Bars on a 0–100% scale
Hulu, Roku Channel, and Tubi don't break out individually in the Nielsen Gauge sources found.
Source: Nielsen Gauge (May 2026), TiVo, Comscore
Australia
Bars on a 0–100% scale
Daily minutes not confirmed this pass. OzTAM's Streamscape dashboard doesn't break the Digital Video bucket into per-service shares.
Source: OzTAM Streamscape, Q2 2026
Canada
Bars on a 0–100% scale
Daily minutes not confirmed this pass. Overall streaming share of total TV not confirmed this pass. Numeris tracks the SVOD sub-market only in the sources found — a full platform-share picture against linear TV wasn't confirmed.
Source: Numeris, 2026
United Kingdom
Daily minutes not confirmed this pass. Numeric platform shares not confirmed this pass. BARB data (late Dec 2025–early Jan 2026) shows BBC iPlayer leading BVOD viewing and Sky Go leading live streaming, but percentage shares weren't confirmed in this pass.
Source: BARB, Dec 2025–Jan 2026