1Q22 Earnings Update: Part Three – VICI, NXST, SONY, DIS, HD

VICI Properties (VICI):  VICI reported its typically boring quarter with results in line to slightly better than street expectations.  Boring is exactly what we like about VICI.  As a landlord to the nation’s two leading gaming companies, Caesars and MGM, VICI’s business model is highly predictable.  The company collects rents with built-in escalators.  Beyond the […]

Streaming Subscriber Growth and Vaccines Bullish for Disney

Disney (DIS) reported another quarter of massive subscriber gains for Disney+ and steady growth for the Hulu and ESPN streaming services.  Subscribers for Disney+ came in at almost 74mm vs expectations of 65mm, growth of about 16mm subscribers since the end of last quarter.  About half the gain came from India, where DIS charges less […]