All Reports
January 30, 2023
An NDR with the CEO and CFO
Cannonball Research is hosting a Virtual Non-Deal Roadshow with Magnite Inc. (MGNI) on Thursday, February 23rd Participating Management: Michael Barrett – President & CEO, David Day – CFO, Nick Kormeluk – SVP, IR & Global…
January 30, 2023
Flat will need to be the new up for a bull case to take hold
We continue to believe that the complexity of the business model is a hurdle the APP story needs to clear for the stock to work in the long run. That said, the Street was willing…
January 23, 2023
A meeting with the CEO and CFO on February 22nd
Cannonball Research is hosting an in-person Group Meeting with New York Times (NYT) on Wednesday, February 22nd in New York. Participating Management: Meredith Kopit Levien – President & CEO, Roland Caputo – EVP & CFO,…
January 13, 2023
One more variable to worry about… trimming FY23 estimates
We would like to highlight a potential slowdown in M&E revenue growth as another variable worth watching. The drivers include shrinking room for monetization gains, a deceleration in SmartCast hours growth and spending rationalization at…
January 6, 2023
A couple of things to point out here
We think that for the the bull case to play out and WWE to get sold, the TV rights renegotiations will have to be completed first. Their outcome will determine the timing of the announcement…
January 4, 2023
This one is easier than others
Based on our recent conversation with industry sources we believe that digital advertising trends played out in Q4 generally in line with what the companies in our coverage universe expected when they reported Q3: no…
December 7, 2022
Bulls and bears got M&E revenue wrong; reasons and implications for the future
Media & Entertainment (M&E) revenue surprised both to the upside and downside in the last two years. In this note we argue that going forward, this revenue stream is likely to see a normalized rate…
