Media & Advertising

TikTok has agreed in principle to settle three bellwether lawsuits within California's coordinated social media addiction proceeding, which encompasses roughly 3,300 cases alleging platforms were designed to harm young users. Settlement terms are confidential and written agreements are still pending. A separate October 2026 bellwether trial against Meta, YouTube, and Snap remains on schedule, following a March 2026 Florida verdict that found Meta and YouTube negligent and awarded plaintiffs $6 million.

Disney's fiscal Q3 2026 earnings are due before market open on August 5, 2026, with management's previously disclosed target of approximately $5.3 billion in total segment operating income serving as the primary benchmark. The Q3 report will also be the first full quarter under CEO Josh D'Amaro, who took over from Robert Iger on March 18, 2026, though no revised full-year guidance beyond Q2 guideposts has been issued. Notably, Disney stopped reporting Disney+ and Hulu subscriber counts starting Q1 FY26, so streaming performance will instead be tracked through SVOD operating margin, which hit a first-ever double-digit rate of 10.6% in Q2.

News Corp is set to report fiscal 2026 fourth-quarter and full-year results on August 5, 2026, with no figures yet available as of the pre-release cutoff. The most recent completed quarter, Q3 FY2026, showed a 9% revenue increase to $2.185 billion and an 18% rise in total segment EBITDA, with Digital Real Estate and Dow Jones as the primary growth drivers. Key unknowns heading into the release include quantified AI-licensing revenue from partnerships with OpenAI and reportedly Meta, News Media margin trends, and REA Group's Q4 transaction-sensitive metrics.

OUTFRONT Media will release second-quarter 2026 financials after markets close on August 5, followed by a 4:30 p.m. ET conference call. The most recent available data is Q1 2026, when total revenue reached $429.6 million, up 10% year over year, with transit revenue rising 22.3% and AFFO growing 125.1%. Key Q2 figures including digital revenue share, transit contract performance, and full-year guidance remain unavailable until the scheduled release.

A stipulation filed July 24 bars the $110 billion Paramount Skydance acquisition from closing until five days after a court merits ruling or June 1, 2027, whichever comes first, replacing an earlier temporary restraining order and canceling the August 3 preliminary injunction hearing. The delay comes despite the DOJ closing its investigation in June and the European Commission approving the deal July 22 with limited conditions. Warner Bros. Discovery, which is the acquisition target, reports its Q2 2026 financial results on August 6, carrying $30.1 billion in net debt and a bridge loan maturing no later than June 2027.

PubMatic's Q1 2026 revenue came in at $62.6 million, down from $63.8 million a year earlier, but the company's core business excluding a legacy DSP buyer grew 13% and represented 83% of total revenue. Mobile and omnichannel video accounted for 79% of Q1 revenue, impressions processed rose 26% year over year to nearly 94.2 trillion, and emerging products including AgenticOS and Commerce Media grew more than 80% and made up 14% of revenue. The company has guided Q2 revenue to $68–$70 million and scheduled its full Q2 results release for after market close on August 6, 2026.

Roku will release its second-quarter 2026 financials after market close on August 6 but will not host an earnings call or issue forward guidance, citing its pending $22 billion acquisition by Fox announced June 15. The release will be the sole public record for the quarter, leaving investors to compare figures against Q1 benchmarks: $1.25 billion in total net revenue, 38.7 billion streaming hours, and April guidance projecting Q2 total net revenue of $1.3 billion. The Fox deal, structured at $160 per share in cash and stock, has not yet received shareholder or regulatory approval, and no S-4 or joint proxy statement had been filed in SEC records reviewed through August 5.