Earlier this week, a podcast interview of Warner Bros. Discovery CEO David Zaslav was released. The podcast was recorded in mid-September 2022. Key highlights from the 50-minute interview are included below with timestamps followed by our reaction to each (entire podcast is embedded below). Listening to the interview it is hard not to walk away…
Here are our 10 key questions for Netflix management on tonight’s Q3 2022 earnings interview (our Q2 2022 questions can be found here). 1) Is Your Approach to Advertising Primitive on Purpose? Your advertising announcement feels like a scale play similar to broadcast TV, with targeting limited to genre and location. Prior to launching your advertising…
This past Monday, Elon Musk sent Twitter a letter (link) offering to buy the company at $54.20/share, which is the exact same price he originally offered in April 2022. As we detailed back in September (link), Musk’s bot-controversy was never a material event that enabled him to get out of his original acquisition agreement with…
Welcome to the Fifth Edition of the LightShed Earnings Scorecard – our attempt to hold companies and analysts accountable for the quality of earnings calls. Now tracking 69 companies We listened to 69 quarterly earnings calls this quarter. That accounted for 63 total listening hours. We added Starry, which was not public a year ago, and…
TikTok’s Chief Operating Officer, Vanessa Pappas, was interviewed by Kara Swisher on her new podcast, On With Kara Swisher (link to listen on Spotify and full podcast embedded below). We have pulled out key portions of the interview with associated minute markers highlighted below. The podcast episode was called “So…Should We Ban TikTok?” While the…
Disney CEO Bob Chapek’s modus operandi appears to be driving price, knowing Disney (super) fans cannot live without Disney experiences and content. Chapek has used park reservations and new pricing schemes to meaningfully raise guest spending across Disney’s theme parks, even as international visitation to Disney parks remains anemic (with international guests historically spending far…
Investors are obsessed with TikTok’s growing cannibalization of Instagram, YouTube, Facebook and Snapchat time spent. While Meta has copied TikTok’s mechanic with Reels, YouTube with Shorts and Snap with Spotlight, none of them have recreated the magic of TikTok that occurs through hashtag challenges, viral sounds, duets, etc. TikTok is simply more fun. The slowing…
Spectrum is the lifeblood of a wireless network and T-Mobile has a ton of it, in large part due to its acquisition of Sprint. But there is even more spectrum available for purchase that would enable T-Mobile to both complete its spectrum puzzle and prevent competitors from adding this important asset. More spectrum could also…
Virtually everyone we talk to in Hollywood, outside of Netflix employees, is taking great pleasure in Netflix’s stock price collapse over the past nine months, as well as Netflix’s loss of religion around advertising (which many see as a desperate attempt to “save” Netflix). With subscribers declining, revenue growth slowing and meaningful cost cutting in-process,…
Roblox hosted its first investor day as a public company just ten months ago. That represented the peak of fervor around RBLX. Roblox reached its all-time high the next week of $141.59. Today the stock is ~70% lower. While the company dramatically outperformed its initial 2021 estimates and Roblox has been able to age up…
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