Nearly $1 billionQ1 EBITDAR: $338 millionProperty-level margins: 40%, consistent with prior yearShare repurchases: $328 million, acquiring 4.5 million sharesDividend: Increased to $0.18 per share for ...

The economics of digital entertainment are being reshaped by independent creators, global social platforms, and the biggest technology companies. Studios and streamers may need to bulk up to compete.