Ben Affleck’s The Accountant was the number one movie at the US box office this past weekend. It brought in $24.7MM on a budget of only $44MM. The WB, who distributed the title, should be ecstatic, right? Well, similar to our analysis on Star Trek and Ghostbusters, let’s take a closer look and see:
Continue reading “Even Though The Accountant was #1 at B.O, WB Accountants May Still See Red”
Below are my key takeaways from the Comcast Q2 2016 Earnings Call on July 27:
From Brian Roberts, CEO, “we have many positive trends in each part of the company”.
Total revenue for the quarter was $19,269MM, a 2.8% growth YoY. Operating Cash Flow was strong at $6,455MM, a 3.0% increase YoY.
In Cable, saw the best 2nd quarter Internet customer growth in 8 years and best 2nd quarter video customer results in over 10 years.
Broadcast saw growth in content licensing, retransmission and advertising revenues. Had best upfront ever with a 12.5% CPM increase for NBC primetime, a result of going to market as one company. NBC Nightly News, The Today Show and Meet the Press were #1 in key demo, and NBC in general is poised to finish #1 in broadcast.
Mr. Robot received 6 Emmy nominations, including outstanding drama series.
Theme Parks Operating Cash Flow increased 40.5%, largely due to inclusion of Universal Studios Japan and successfully opening The Wizardly World of Harry Potter theme park in Hollywood.
Will acquire DreamWorks Animation for $3,800MM, which will probably see Shrek and Kung Fu Panda incorporated into a Universal Theme Park attraction.
Continue reading “Q2 2016 – Comcast Earnings Call Summary”