Domestic: New leasing activity increased 12% q/q to $12.9 million vs $11.5 million last quarter, but was $0.6 million below our estimate. Organic revenue growth of 5.1% was in-line with our estimate and up 10bp q/q. Cash EBITDA was above our estimate.
Revenue topped our estimate and consensus. The beat vs our estimates was on higher CPE sales, while Network & Cloud and Enterprise revenues were below our estimates.
Revenue topped our estimate, but was below consensus likely on a decline in Net Centric revenue. Revenue growth in constant currency was 6.2% y/y and 1.8% sequentially.
Revenue topped our estimate by 3% ($33 million) on better than expected Connectivity Solutions revenues. Revenue was a slight beat ($1 million) vs consensus and was at the top-end of guidance. Overall revenue declined 5.6% y/y and 8.1% q/q on weakness in International.
As Hollywood gears up for the Oscars this weekend, the media industry is starting to resemble the movie Groundhog Day. Think of what happened in the television industry first. Netflix released their first major original series, House of Cards, six years ago this month. Shortly thereafter, The New York Times’ David Carr wrote an article appropriately…
EBITDA of R$4.1 billion was above our estimate by R$210 million and consensus by R$50 million. EBITDA was helped by other net operating revenues. Wireless ARPU of R$29.30 returned to growth and was R$1.40 above our estimate.
EBITDA of R$1.9 billion topped both our estimate and consensus. EBITDA margins reached their highest level ever at 44.2%.
We have been SELL rated on Disney since the day they released Star Wars: Episode VII on December 18, 2015 (ratings history). Disney shares are essentially flat compared to the S&P’s gain of 34%, aided by the dramatic outperformance of Disney’s movie output mitigating the headwinds facing its Media Networks division as the multichannel bundle unravels. Now, perhaps…
In our #Top19for19 we stated that we were actually more worried about linear TV ratings in 2019 than MVPD subscriptions (link). We focused on the increasing challenge to linear TV ratings in 2019 as Netflix, Amazon and Hulu are joined by new SVOD entrants including Apple, Disney and WarnerMedia, with NBCU launching an SVOD/AVOD combo…
Having last updated our Twitter model and price target in early 2018 (link) when the stock was at $24.35, we felt it was time to lay out revised forecasts that tie to management’s new mDAU disclosure and year-end 2018 earnings. Worth noting, when we moved our price target to $30 last year, we forecasted $2.8…
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