Entertainment, Media & Sports · Week of Nov 2, 2026
Earnings season and Fox's Roku deal: the week in media and sports
Quarterly earnings from BCE, Live Nation, Under Armour and Reservoir Media led a week that also saw Fox close its Roku deal and holiday tie-ins roll out.
Third-quarter results dominated the week. Live Nation Entertainment says revenue rose 19% to $10.1 billion on fan attendance of 61 million, and Reservoir Media says it raised its fiscal 2027 outlook after revenue rose 10%. BCE reported revenue up 2.2% but net earnings down 84.6%, which it attributes mainly to lower investment gains after the 2025 sale of its MLSE stake. Under Armour reported a 7 percent revenue decline and trimmed its expected gross margin improvement.
The largest deal was Fox Corporation's completed acquisition of Roku, which folds Roku into a new FOX Digital Platforms division alongside Tubi and FOX One. Seasonal consumer marketing filled out the week: Six Flags announced holiday events across 11 parks, KFC launched a menu tied to Marvel Studios' "Avengers: Doomsday" in 100 countries, and GameSquare's Hatchet published data showing 29.5B hours of live streaming watched in Q3 2026.
BCE Inc.
BCE reports third quarter 2026 results
BCE says Q3 2026 operating revenues rose 2.2% to $6,182 million while net earnings fell 84.6% to $701 million, mainly on lower investment gains after the 2025 MLSE stake sale; it confirmed 2026 guidance and declared a $0.4375 quarterly dividend. Capital expenditures rose 49.3% to $1,330 million on Bell AI Fabric data centres and Ziply Fiber's network, cutting free cash flow 14.9% to $854 million.
Live Nation Entertainment
LIVE NATION ENTERTAINMENT REPORTS THIRD QUARTER 2026 RESULTS
Live Nation Entertainment reported Q3 2026 revenue of $10.1 billion, up 19%, and AOI of $1.18 billion, up 14%, with fan attendance up 19% to 61 million. The company says it expects full-year fan attendance to approach 180 million, though nine-month operating income fell 25%, including a $450.0 million item for governmental investigations and litigation.
Under Armour, Inc.
UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Under Armour says second-quarter fiscal 2027 revenue fell 7 percent to $1.2 billion, with declines in both North America and international, and it posted a net loss of $0.4 million. It now expects 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 fiscal second-quarter revenue of $49.9 million, up 10%, and net income of $4.6 million, compared with $2.2 million a year earlier. The company raised its fiscal 2027 outlook to revenue of $188M - $192M and Adjusted EBITDA of $77M - $80M, and acquired the José Feliciano recorded music and Billy Strayhorn publishing catalogs during the period.
Six Flags Entertainment Corporation
Six Flags expands the holiday cheer with more parks, more events and more ways for families to celebrate in 2026
Six Flags announced holiday events at 11 parks in the United States, Canada and Mexico starting Nov. 20, 2026, including reimagined Holiday in the Park events at Six Flags Great Adventure and Six Flags Over Georgia. It also introduced free unlimited home-park admission for guests 65 and older, excluding Knott's Berry Farm, and Black Friday offers valid through Nov. 30.
Fox Corporation
FOX CORPORATION COMPLETES ACQUISITION OF ROKU
Fox Corporation completed its acquisition of Roku on Nov. 6, 2026, paying $95.30 in cash and 0.9799 FOX Class A shares per Roku share, leaving former Roku holders with about 26% of FOX. FOX says it expects about $400 million of run-rate cost synergies within two years, and Roku founder Anthony Wood becomes Co-Chair of the new FOX Digital Platforms division.
Kentucky Fried Chicken
KFC Brings the Doom: New Marvel-Inspired Menu Lands Ahead of Marvel Studios' "Avengers: Doomsday"
KFC launched a limited-time Doctor Doom-inspired menu tied to Marvel Studios' "Avengers: Doomsday" in 100 countries, beginning 9 November and running through January 2027. KFC calls it its largest global collaboration to date; the menu will not be offered in the United States, India or China, and the film opens December 18, 2026.
GameSquare Holdings, Inc.
GameSquare's Hatchet Publishes Q3 2026 Live Streaming Trends Report
GameSquare's Hatchet reports 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 upcoming GTA VI launch and says streamer-led events such as Ibai's La Velada del Año VI peaked on par with top esports tournaments.
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 Sport News Hop reporting.