Dish’s Satellite PayTV subscriber base declined another 11% in Q1. While the sub losses were less than expected, Dish is on pace to lose 11% of its satellite subscriber base in 2019.
Revenue topped our estimate by 4% on better than expected Products, which grew ~6% organically despite a very difficult comp. That bodes well for outperformance against the guidance over the course of the year. The company layered in an additional $25 million cushion for possible FX headwinds.
Apple’s strategy in China appears to be working. This will enable investors to embrace the revenue growth and margin contribution of the services business without such a big negative overhang from the declining iPhone business. It will still take a few quarters for Apple to return to EPS growth, but the return to revenue growth…
Guidance implies EPS of $1.93-2.18 versus consensus of $2.10. (prior to the impact of share repurchase during quarter) That still represents a 6.8% decline at the top end of the range. Revenue guidance of $52.5 – $54.5 bn is above consensus of $52.1 bn. This implies a return to growth at the mid-point of the…
Fortnite took hold of not only the games industry in calendar Q1 2018, but seemingly that of the global zeitgeist. As we analyzed its rise and impact a year ago, we wrote a blog titled Eight Key Takeaways From Fortnite’s Success (link). We highlighted how its success not only shined a light on the growing…
Charter added 176,000 new wireless subscribers in Q1. That was 26,000 higher than we expected and 6,000 more than Comcast added this quarter.
Tower leasing revenue growth of 11.5% was in-line with our estimate, but decelerated for the second consecutive quarter from 13.9% in Q4 2018 and 21.2% in Q3 2018.
Adjusted EBITDA of MXN 68.4 billion using the old accounting standard was 2.4% below our estimate.
Domestic: New leasing activity increased 4.4% sequentially to $13.4 million and was in-line with our estimate. That’s the 4th consecutive quarter of acceleration. Slightly elevated churn impacted organic revenue growth which was 10bp below our estimate and flat q/q. Cash EBITDA was above our estimate.
Our media investment philosophy is typically to follow the eyeballs. So it is impossible not to be concerned about the trends WWE reported last week. Clearly WWE content is not resonating right now. Injuries or not, the company needs to fix its storylines. However, we have taken a step back for a few days to put recent weakness…
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