Feb 23, 2021
60 Minutes, Equalizer strong Sunday punch for CBS
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NEW YORK (AP) — Queen Latifah is becoming a TV star for CBS at a time broadcast networks can really use one, while Dwayne Johnson and Kenan Thompson made respectable sitcom debuts for NBC.
Latifah's drama, “The Equalizer,” was the most popular scripted show on television last week, the Nielsen company said, trailing only first-place “60 Minutes” and giving CBS a strong one-two punch on Sunday.
A million of those viewers drifted away last Tuesday for the debut of “Kenan.” The sitcom starring the long-running “Saturday Night Live” cast member as an Atlanta TV host and single dad reached 4.2 million viewers, Nielsen said.
A generation ago, numbers like that wouldn't be enough for a show to make a second week. But given network television's overall fade, and the chance for viewers to check out those series on a delayed basis, and NBC will no doubt take it.
For a typical week in February — no major sports events and virtually all prime-time shows airing original episodes — live viewership on ABC, CBS, Fox and NBC was down 18% from the same week last year, Nielsen said.
CBS won the week with an average of 4.6 million viewers in prime time. ABC had 3.9 million, NBC had 3.5 million, Fox had 2.6 million, Univision had 1.6 million, Ion Television had 1.1 million and Telemundo had 1 million.
Fox News Channel was the most popular cable network, averaging 2.42 million viewers in prime time. MSNBC had 1.91 million, CNN had 1.6 million, HGTV had 1.12 million and History had 1.01 million.
ABC's “World News Tonight” won the evening news ratings race, averaging 10.2 million viewers. NBC's “Nightly News” had 8.3 million and the “CBS Evening News” had 6.4 million.
For the week of Feb. 15-21, the 20 most popular programs, their networks and viewerships:
1. “60 Minutes,” CBS, 9.56 million.
2. “The Equalizer,” CBS, 8.13 million.
3. “Young Sheldon,” CBS, 7.72 million.
4. “Chicago Med,” NBC, 7.59 million.
5. “Chicago Fire,” NBC, 7.3 million.
6. “911,” Fox, 6.85 million.
7. “American Idol,” ABC, 6.67 million.
8. “Celebrity Wheel of Fortune,” ABC, 6.03 million.
9. “Magnum, P.I.,” CBS, 5.97 million.
10. “NCIS: Los Angeles,” CBS, 5.92 million.
11. “Chicago PD,” NBC, 5.88 million.
12. “NCIS,” CBS, 5.771 million.
13. “This is Us,” NBC, 5.766 million.
14. “911: Lone Star,” Fox, 5.73 million.
15. “The Bachelor,” ABC, 5.57 million.
16. “America's Funniest Home Videos,” ABC, 5.36 million.
17. “Mom,” CBS, 5.35 million.
18. “Young Rock,” NBC, 5.32 million.
19. “B Positive,” CBS, 5.11 million.
20. “MacGyver,” CBS, 4.96 million.
News Source: msn.com
Etsy stock surges on earnings beat and strong guidance
An employee walks past a quilt displaying Etsy signage at the company's headquarters in Brooklyn, New York.Victor J. Blue | Bloomberg | Getty Images
Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth.
The stock rose more than 8% in extended trading following the report.
Here's how the company did:
- Earnings: $1.08 per share vs. 59 cents per share expected, according to analysts surveyed by Refinitiv
- Revenue: $617.4 million vs. $516 million expected, according to analysts surveyed by Refinitiv
The e-commerce company said it expects revenue in the current quarter to be between $513 million and $536 million, way ahead of Wall Street's forecast revenue of $383 million. Etsy declined to give guidance for the full year of 2021, citing future macroeconomic conditions tied to the coronavirus pandemic.
Etsy, which operates an online marketplace known for handmade and personalized goods, has been one of the biggest beneficiaries of the pandemic, as stuck-at-home shoppers turned to the company and other online retailers like Amazon and Walmart for both essential and non-essential items.
Face masks are one category that has thrived on Etsy during the pandemic. Masks made up 4% of total gross merchandise in the fourth quarter. That's a step down from 11% in the third quarter and 14% in the second quarter.
In the fourth quarter, Etsy said it attracted 61 million new or reactivated shoppers to its site and recorded nearly 160% growth in "habitual buyers."
It's unclear how sustainable the pandemic-fueled surge in demand will prove to be in the long term. In a statement, Etsy CEO Josh Silverman acknowledged that the growth will likely temper in 2021 compared to last year.
"While Etsy's growth in 2021 is likely to decelerate off of last year's high levels along with the rest of e-commerce, we have more conviction than ever to invest in our business for the long-term, building top of mind awareness in the hearts and minds of consumers, with an ambition to outperform e-commerce and gain market share," Silverman said in a statement.
Correction: An earlier version of this story misstated Wall Street's expectations for Q1 2021 revenue. The proper number is $383 million.VIDEO13:2013:20Sellers make millions dropshipping Chinese products on Facebook, TikTokTech