Rebecca Day

FuboTV is looking for a partner for Fubo Gaming, said CEO David Gandler on a Thursday earnings call. The company's online sports wagering business is “under strategic review,” and the time period to develop the wagering business is “significantly longer than investors have an appetite to wait for today,” he said. The stock closed 16.8% higher Friday at $3.47.

ADT’s partnership with Google is a “catalyst to accelerate growth,” said Jim DeVries, CEO of the security company, on its Q2 earnings call Thursday. ADT now sells, installs, and services a “full suite” of Google Nest products nationwide, including doorbells, cameras, and thermostats, he said.

After pandemic-fueled work- and school-from home trends drove unexpected gains beginning in Q2 2020, worldwide Q2 PC shipments, including tablets, fell for the second consecutive quarter, dropping 14% year on year to 105 million units, reported Canalys Wednesday. The research firm cited inflation, COVID-19 lockdowns in China and slowed demand in consumer and education.

Two years after consumers' outsized spending on residential electronics projects for stay-at-home COVID-19 pandemic living, custom and specialty electronics dealers and their buying groups are responding to the inevitable shift from home spending to travel and services.

“It's no longer a question of whether global consumers will come back to the cinema for blockbuster movies," said Imax CEO Richard Gelfond on a Q2 earnings call Thursday. “They are back,” he said. Imax's domestic box office in June surpassed pre-COVID-19 pandemic June 2019, he said. Q2 was on par with Q2 that year, he said.

Apple product constraints in the September quarter will be improved vs. the June quarter, but the company isn’t forecasting when the chip shortage will end, said CEO Tim Cook on a Thursday earnings call. On its April earnings call, Cook had warned of a $4 billion-$8 billion hit for the June quarter due to silicon shortages and COVID-19 factory shutdowns in China.

Amazon’s $2 billion Q2 net loss was “well below expectations,” Wedbush Securities analyst Michael Pachter wrote investors Friday, citing “the poor performance” of Amazon’s investment in Rivian,” whose rollout of an electric vehicle delivery fleet has been “severely impacted” by supply chain constraints. Amazon posted a $7.8 billion profit in the year-earlier quarter.

Roku saw a “significant slowdown" in Q2 TV advertising spend, due to the deteriorating macroeconomic environment, said CEO Anthony Wood on a quarterly earnings call Thursday. Shares plunged 23.1% Friday, hitting a 52-week low at $62, before closing at $65.52.

SiriusXM scaled back guidance for self-pay subscriber growth due to challenges and uncertainty in new and used auto sales, said CEO Jennifer Witz on a Q2 earnings call Thursday. The company said on its April earnings call it expected 500,000 more self-pay subscribers in 2022.

Silicon Labs reported strong Q2 revenue performance with supply still catching up to demand, but it’s seeing signs of “more volatility” in recent booking patterns, said Chief Financial Officer John Hollister on the company’s Wednesday Q2 earnings call.