Earnings season and Fox closes Roku: the week in media and sports

Quarterly results from Lionsgate, Callaway, Under Armour and Reservoir led the week, alongside Fox closing its Roku acquisition.

Nov 9, 2026 · Slow Ride Media newsroom

Earnings dominated the week. Lionsgate, Reservoir Media and Callaway Golf Company reported results they describe as improvements, with Reservoir and Callaway raising full-year outlooks. Lionsgate posted revenue up 41% to $668.8 million but a net loss from continuing operations of $15.5 million. Under Armour reported revenue down 7 percent to $1.2 billion and lowered its expected fiscal 2027 gross margin improvement.

The largest deal was Fox Corporation completing its acquisition of Roku, which places Roku with Tubi and FOX One in a new FOX Digital Platforms division. Elsewhere, DICK'S Sporting Goods signed Caitlin Clark as the first athlete brand partner for both DICK'S and Foot Locker. GameSquare's Hatchet reported 29.5B live-streaming hours watched in Q3 2026. Ericsson and Verizon announced an expanded collaboration on AI-driven network automation.

Lionsgate

LIONSGATE REPORTS RESULTS FOR SECOND QUARTER FISCAL 2027

Lionsgate reported second quarter fiscal 2027 revenue of $668.8 million, up 41% year-over-year, with operating income of $29.1 million and a net loss from continuing operations attributable to shareholders of $15.5 million. The company attributes Motion Picture segment profit of $88.7 million to Michael and library strength, and says leverage improved to 3.7x.

Callaway Golf Company

CALLAWAY GOLF COMPANY ANNOUNCES THIRD QUARTER 2026 RESULTS

Callaway Golf Company reported Q3 2026 net sales of $436.9 million, down 5.6%, which it says was better than expected, and GAAP net income from continuing operations of $48.1 million. It raised its full-year 2026 outlook to net sales of $2.065 billion to $2.078 billion and Adjusted EBITDA of $272 million to $280 million.

Under Armour, Inc.

UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2027 RESULTS

Under Armour reported second quarter fiscal 2027 revenue down 7 percent to $1.2 billion and a net loss of $0.4 million. It now expects fiscal 2027 gross margin to rise 170 to 220 basis points, down from 220 to 270, while keeping adjusted operating income guidance at $140 million to $160 million.

Reservoir Media, Inc.

RESERVOIR MEDIA ANNOUNCES SECOND QUARTER FISCAL 2027 RESULTS

Reservoir Media reported second quarter fiscal 2027 revenue of $49.9 million, up 10%, and net income of $4.6 million, and raised its fiscal 2027 outlook to revenue of $188M - $192M. During the period it acquired the recorded music catalog of José Feliciano and the publishing catalog of Billy Strayhorn.

Fox Corporation

FOX CORPORATION COMPLETES ACQUISITION OF ROKU

Fox Corporation completed its acquisition of Roku on Nov. 6, 2026, with Roku stockholders entitled to $95.30 in cash and 0.9799 FOX Class A shares per Roku share. FOX says it expects approximately $400 million of run-rate cost synergies within two years and has placed Roku, Tubi and FOX One in a new FOX Digital Platforms division.

GameSquare Holdings, Inc.

GameSquare's Hatchet Publishes Q3 2026 Live Streaming Trends Report

GameSquare's Hatchet says live streaming reached 29.5B hours watched in Q3 2026, with totals now including YouTube Non-gaming and TikTok Live data. The report attributes a +22.9% rise in GTA V viewership to the impending launch of GTA VI and says streamer-led events drew peaks on par with major esports tournaments.

DICK'S Sporting Goods, Inc.

DICK'S Sporting Goods, Inc. Signs Caitlin Clark as First-Ever Brand Partner Across DICK'S and Foot Locker

DICK'S Sporting Goods signed a multi-year, exclusive brand partnership with Caitlin Clark covering both DICK'S and Foot Locker, the first athlete brand partner for either company. The release does not state financial terms; planned activities include campaigns, promotion of Clark's signature products and fan activations.

Ericsson

Verizon and Ericsson partner to transform AI-native Autonomous Networks

Verizon and Ericsson announced an expanded collaboration under which Verizon plans a nationwide rollout of the Ericsson Intelligent Controller this year to run AI-native rApps. According to the release, field deployment of rApps such as the AAS Cell Shaper delivered gains of up to 8.9% on downlink throughput.

This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Slow Ride Media reporting.