As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the media industry, including fuboTV (NYSE: FUBO) and its peers.

The advent of the internet changed how shows, films, music, and overall information flow. As a result, many media companies now face secular headwinds as attention shifts online. Some have made concerted efforts to adapt by introducing digital subscriptions, podcasts, and streaming platforms. Time will tell if their strategies succeed and which companies will emerge as the long-term winners.

The 7 media stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.1%.

Thankfully, share prices of the companies have been resilient as they are up 6.2% on average since the latest earnings results.

Best Q3: fuboTV (NYSE: FUBO)

Originally launched as a soccer streaming platform, fuboTV (NYSE: FUBO) is a video streaming service specializing in live sports, news, and entertainment content.

fuboTV reported revenues of $377.2 million, down 2.3% year on year. This print exceeded analysts’ expectations by 4.9%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

The stock is down 28.9% since reporting and currently trades at $2.69.

Is now the time to buy fuboTV? Access our full analysis of the earnings results here, it’s free.

Warner Music Group (NASDAQ: WMG)

Launching the careers of legendary artists like Frank Sinatra, Warner Music Group (NASDAQ: WMG) is a music company managing a diverse portfolio of artists, recordings, and music publishing services worldwide.

Warner Music Group reported revenues of $1.87 billion, up 14.6% year on year, outperforming analysts’ expectations by 10.8%. The business had an exceptional quarter with a beat of analysts’ EPS and revenue estimates.

Warner Music Group achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 1.2% since reporting. It currently trades at $30.88.

Is now the time to buy Warner Music Group? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Warner Bros. Discovery (NASDAQ: WBD)

Formed from the merger of WarnerMedia and Discovery, Warner Bros. Discovery (NASDAQ: WBD) is a multinational media and entertainment company, offering television networks, streaming services, and film and television production.

Warner Bros. Discovery reported revenues of $9.05 billion, down 6% year on year, falling short of analysts’ expectations by 1.9%. It was a mixed quarter as it posted a solid beat of analysts’ adjusted operating income estimates but a miss of analysts’ Content revenue estimates.

Warner Bros. Discovery delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 24.5% since the results and currently trades at $28.52.

Read our full analysis of Warner Bros. Discovery’s results here.

Disney (NYSE: DIS)

Founded by brothers Walt and Roy, Disney (NYSE: DIS) is a multinational entertainment conglomerate, renowned for its theme parks, movies, television networks, and merchandise.

Disney reported revenues of $22.46 billion, flat year on year. This print came in 1.3% below analysts' expectations. Taking a step back, it was a satisfactory quarter as it also recorded a solid beat of analysts’ adjusted operating income estimates but a miss of analysts’ Entertainment revenue estimates.

The stock is down 2.7% since reporting and currently trades at $113.46.

Read our full, actionable report on Disney here, it’s free.

News Corp (NASDAQ: NWSA)

Established in 2013 after a restructuring, News Corp (NASDAQ: NWSA) is a multinational conglomerate known for its news publishing, broadcasting, digital media, and book publishing.

News Corp reported revenues of $2.14 billion, up 2.3% year on year. This number beat analysts’ expectations by 2%. Overall, it was a strong quarter as it also logged a beat of analysts’ EPS estimates and a decent beat of analysts’ adjusted operating income estimates.

The stock is up 6.5% since reporting and currently trades at $26.71.

Read our full, actionable report on News Corp here, it’s free.

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