Now that the biggest companies in entertainment, social media and tech have reported their full-year financial results for 2021, Variety Intelligence Platform has analyzed the data from 23 leading companies in our “Media/Tech Financial Review” special report.
The entertainment sector is represented in this report by coverage of key players from film, TV, streaming and audio: AMC Networks, Comcast, Discovery, Disney, Fox, iHeartMedia, Lionsgate, Live Nation Entertainment, Netflix, Paramount Global, SiriusXM, Sony, WarnerMedia and Warner Music Group. Tech businesses featured in the report are Alphabet, Amazon, Apple, Meta, Microsoft, Roku, Snap, Spotify and Twitter.
VIP+ has tweaked the format of its special-report earnings coverage from that of earlier editions. Q1 2021, Q2 2021 and Q3 2021 were previews of the quarter, releasing in the month prior to earnings. Instead, this report is a review, hot on the heels of earnings statements issued in late January and early February 2022, that allows us a broader view for looking at annual performance.
The overall story is positive, with 2021 seeing the majority of companies reporting much greater revenues than during 2020’s pandemic-scarred year. In some cases, companies opted to amend their reporting structures and make 2020 a baseline in an effort to make their ongoing performance look even greater, but most have multiple years of data available against which to benchmark performance.
Amidst a backdrop of market instability, investors will be looking at each business to see what to expect in 2022. To that end, VIP+’s team of analysts forecasts what to expect in the coming year for each company covered and outlined the greatest challenge facing firms where applicable, providing readers with key facts and figures.
Read on to learn about:
Key performance metrics for 2021 versus prior years
How entertainment firms are faring in a changing landscape
The biggest hurdles facing media/tech companies in 2022