For the second straight quarter, ATVI beat street expectations on the top and bottom line and raised full year guidance for both. The strong results were driven by a continuing shift to higher margin digital revenues and ATVI’s increasingly diversified franchise portfolio. The market responded by sending ATVI’s shares up over 10%. Our investment thesis […]
Liberty Media (LMCA/LMCK) reported a typically quiet quarter. Over 80% of the value in Liberty is represented by the company’s controlling stake in Sirius XM Satellite Radio (SIRI). SIRI reported a great quarter a few weeks ago with better than expected subscriber growth and financial results. Management raised 2015 guidance and we still think the […]
CBS reported most inline results for 2Q15 with a bias slightly above Wall Street estimates. In a rough week for media stocks due to cord cutting fears triggered by Disney’s report, CBS share held up much better than average. Northlake agrees as CBS is much less exposed to cord cutting fears than other media stocks. […]
Disney (DIS) reported slightly better than expected earnings for the quarter ending June 2015. The results continue a string of results above expectations driven primarily by the incredible success of the company’s content strategy including hit films from Marvel, Pixar, and Disney Animation. This success is projected to continue later this year with another Pixar […]
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