We are upgrading FUBO to Neutral from SELL and removing our $6.50 target price. Yesterday on CNBC’s Squawk Box, former Dallas Fed President Richard Fisher made the statement that “the market has been wearing beer goggles for the longest time.” There was no better example than during the Fed-infused meme stock craze last winter. And,…
Here are the eight key questions investors should want answers to from Netflix management on tonight’s Q4 2021 earnings interview (our Q3 2021 questions can be found here). 1. Updated Thoughts on Global TAM. You have talked to the pandemic wreaking havoc on your ability to model your business. That said, you are continuing to…
We have made our first definitively wrong prediction in the LightShed Top 22 for 22. We said we believed Bobby Kotick would survive 2022 running Activision Blizzard in what could be “Kotick’s last stand.” We said if things did not improve then bigger strategic changes would become unavoidable. Eighteen days into 2022, ATVI announced a…
Last week, Sinclair’s Diamond Sports Group (DSG) reached an agreement with the NBA to stream its RSNs over-the-top to non-MVPD/vMVPD subscribers (link). It also increased its liquidity with a $600 million debt deal and the deferral of management fees being paid to Sinclair from its DSG subsidiary (link). As a result, it appears Sinclair has…
Last week, Derek Thompson invited me to join his Plain English podcast, part of The Ringer network on Spotify. Thompson and I discussed what happens to the movie theater business as we move past the pandemic with shorter windows and a surge of direct-to-consumer streaming content, whether streaming-only content can enter the zeitgeist, why the…
Welcome to the 2nd edition of the LightShed Earnings Scorecard! The only quarterly measuring stick that is holding companies accountable for the quality of their earnings calls. Earnings reports are set to kick off in the TMT sector, so it is time to review Q3 calls to see who improved and who is getting worse.…
Happy New Year. We are kicking off LightShed’s TMT coverage in the new year by laying out our top predictions and events to watch for in 2022 – what we call our #Top22for22. To see what we got right and wrong in last year’s Top 21 list for 2021, click here. 2021 was supposed to be the year…
Telesat is finally a public company with a simplified structure that provides investors with an opportunity to invest in Litespeed, a new LEO satellite constellation targeting the global enterprise connectivity market. There are scenarios for Litespeed and the monetization of Telesat’s C-Band spectrum that could result in Telesat’s stock rising 10x from current levels. In…
As usual, our most read post of the year is the first post of the year: the LightShed Team’s predictions for the year ahead. Streaming wars, tvOS wars, the battle for time spent vs. subscribers and the rise of connected TV advertising drove the most interest. Perhaps even more interesting is that the #2 most…
CivicScience Founder and CEO, John Dick, launched a podcast earlier this year called The Dumbest Guy in the Room: The Podcast Where DATA meets LIFE (CivicScience is a market research firm that provides early and fast consumer trend intelligence). Axios’ Sara Fischer and LightShed’s Rich Greenfield joined TDGITR podcast a few weeks ago to talk about…
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