media
Warner Bros. Discovery (NASDAQ: WBD) stock price remained under intense pressure this month as concerns about the company’s future continued. It closed at $7.73 on Friday, down from its all-time high of $78.11. Its valuation has tumbled to less than $20 billion. Undervalued but riskyIn my last article on Warner Bros. Discovery, I wrote that it was one of the most undervalued media companies in the US. I used a sum-of-parts approach to estimate that the firm was severely cheap. In my estimation, its studios and Max business have a bigger valuation than the whole company. Warner Bros. Discovery ...
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Trump Media & Technology (NASDAQ: DJT) stock price has been in the spotlight in the past few weeks as investors watched its financial results, the recent Trump trial, and presidential polls. It was trading at $45.8 on Friday, up by over 101% from its lowest point in April. Prepare for dilutionsDonald Trump’s social media company is not doing well as the number of users in its ecosystem slows and losses mount. The most recent results showed that its adjusted EBITDA came in at minus $12.1 million as its net income stood at minus $327 million in the first quarter. Most of these losses were relate...
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AMC Entertainment (NYSE: AMC) stock price is going parabolic this week, as I have long predicted here, here, and here. In another report in February, I argued that it was always darkest before dawn for a beaten-down stock like AMC. Now, it soared by 78% on Monday and is up by another 52% on Tuesday. Why AMC Entertainment is soaringAMC Entertainment is not the only meme stock that is soaring. GameStop (GME) stock price surged by over 74% on Monday and is now up by over 47% in the pre-market session as I predicted last week when I noted that it could jump by 140%. The main reason for the rally i...
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China’s Tencent Music Entertainment Group (TME) faced a mixed financial landscape in the first quarter of fiscal year 2024, as announced on Monday. Tencent Music revenue dips, but profits growWhile the company saw a slight revenue decrease of 3.4%, falling to $937 million, it successfully boosted its net profit by 27.5% to reach $212 million compared to the same period in 2023. This growth in profitability underscores a significant recovery and efficiency in operations. Subscriber numbers on the riseThe company also reported a notable increase in diluted earnings per share (EPS), which rose by...
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Trump Media & Technology (NASDAQ: DJT) stock price has staged a strong recovery recently. It has soared to $54.40, 142% above its lowest point in April. That surge has pushed its market cap to over $7.45 billion, pushing Trump’s net worth to over $8 billion. Trump Medis is highly overvaluedTrump Media & Technology Group is one of the most severely overvalued companies in Wall Street. Its market cap is slightly smaller than Reddit, a social media platform that is popular globally with over 71 million users. X, formerly known as Twitter, is estimated to be worth about $12.5 billion by Fidelity, ...
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Paramount Global (NASDAQ: PARA) stock price has been in the spotlight this month as investors focused on its acquisition. It has already surged by almost 30% from its lowest level in March, outperforming other media companies like Warner Bros. Discovery and CuriosityStream. Paramount Global acquisitionI have covered Paramount Global several times in the past few years. In an article I did last year, I explained how Shari Redstone destroyed a company that her father spent decades building. Her biggest mistake was combining Viacom and CBS, which created a new company known as ViacomCBS before it...
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The AMC (NYSE: AMC) stock price continued its freefall on Thursday after the company issued a weak forward guidance. It plunged by over 6%, bringing the year-to-date losses to over 50%. In the past few years, the company’s market cap has moved from over $10 billion to about $881 million. Results were not as bad as expectedLooking at AMC’s quarterly results, my view is that the company’s results were not as bad as I expected given how tough the box office industry has been lately. Its total revenues dropped from $954.4 million in Q1’23 to $951.4 million in the last quarter. This figure was clos...
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The New York Times reported a successful first quarter on Wednesday, exceeding revenue and profit estimates as its diverse content bundle strategy attracted more subscribers. Ahead of the 2024 U.S. presidential elections and major sports events, the publisher has increasingly focused on combining its core news coverage with a variety of content, including podcasts, cooking recipes, and games. NYT’s revenue beats expecationsThe company announced a revenue of $594 million for the quarter, slightly above the analyst expectations of $591.9 million according to LSEG data. Adjusted earnings stood at...
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Peloton Interactive Inc (NASDAQ: PTON) is up 20% on Tuesday following a report that private equity firms have shown interest in acquiring the connected fitness company. $PTON has formally engaged with one private equity firmAnonymous sources told CNBC this morning that the exercise equipment manufacturer has held formal discussions with at least one firm. A bunch of others are interested in taking over $PTON as well but it’s unclear if they have formally engaged with the Nasdaq-listed firm yet, they added. A representative of Peloton Interactive refrained from commenting on the report today ci...
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Warner Bros. Discovery (NASDAQ: WBD) stock price will be in the spotlight this week as the company publishes its financial results on Thursday. These numbers will give investors more information about its streaming business and its market share gains or losses. The stock was trading at $7.9 on Monday, down from its all-time high of near $80. Warner Bros. Discovery is undervaluedWBD is one of the most undervalued names in the media industry. This undervaluation is understandable because of the company’s mountain of debt and its ownership of legacy television brands that have lost significance t...
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