FansUnite Entertainment Inc. (OTCQB:FUNFF) Q1 2024 Earnings Conference Call May 16, 2024 10:00 AM ET Company Participants Prit Singh – Investor RelationsGraeme Moore – Chief Financial OfficerScott Burton – Chief Executive Officer Conference Call Participants Operator Okay. Let’s begin. Hello, everyone. Welcome to FansUnite’s Q1 Fiscal 2024 Earnings Call. My name is Prit Singh, and…
Lighthouse Films/DigitalVision via Getty Images One of the biggest winners in the market on Monday was AMC Entertainment Holdings (NYSE:AMC). Shares of the theater chain soared more than 78% on the day, and rose further in the after-hours session, after online influencer Roaring Kitty tweeted for the first time in years, sending all of the…
yalcinsonat1/iStock via Getty Images Elevator Pitch I rate Tencent Music Entertainment Group (NYSE:TME) [1698:HK] stock as a Buy. Previously, I touched on the prospects of TME’s music business and the company’s capital return in my January 11, 2024 write-up. The current update analyzes Tencent Music Entertainment’s latest Q1 2024 financial performance, and also evaluates TME’s…
Accel Entertainment, Inc. (NYSE:ACEL) Q1 2024 Earnings Conference Call May 8, 2024 5:30 PM ET Company Participants Derek Harmer – General Counsel and CCOAndrew Rubenstein – President and CEOMathew Ellis – CFO Conference Call Participants Chad Beynon – MacquarieSteve Pizzella – Deutsche Bank Operator Hello everyone. Thank you for attending today’s Accel Entertainment Q1 2024…
Nearmap/DigitalVision via Getty Images Overview My recommendation for Madison Square Garden Entertainment (NYSE:MSGE) is a buy rating, as I have become more confident in the MSGE growth outlook, especially with the strong visibility through FY24 and FY25. Note that I previously issued a buy rating for MSGE as I expected performance to be in line…
Spencer Platt/Getty Images News Above: Trading on the NYSE has given the stock a far deeper penetration into the US retail and institutional investor pools. The transition of FLUT from trading in London to the NYSE in January signaled a coming bull scenario which we alluded to on February 7th in our Seeking Alpha post…
Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Q4 2023 Results Conference Call March 21, 2024 8:30 AM ET Company Participants Anne Graffice – Executive Vice President of Global Marketing & Public AffairsMichael Crawford – Chairman, President, CEO & Interim Principal Financial OfficerJohn Van Buiten – Principal Accounting Officer Conference Call Participants David Marsh –…
Leland Bobbe/DigitalVision via Getty Images Thesis PENN Entertainment (NASDAQ:PENN) is a regional casino operator in the United States. The company recently partnered with ESPN by launching ESPN Bet to expand its sports betting and iCasino businesses. In my perspective, it is worth for investors to monitor the company for at least six months as I…
Madison Square Garden Entertainment Corp. (NYSE:MSGE) Q2 2024 Earnings Conference Call February 7, 2024 10:00 AM ET Company Participants Ari Danes – SVP, IR and Treasury Phil D’Ambrosio – EVP, Treasurer and Interim Principal Financial Officer Conference Call Participants Peter Henderson – Bank of America Stephen Laszczyk – Goldman Sachs Ben Swinburne – Morgan Stanley…
Marti157900 Back in October, I said I thought it was possible that AMC Entertainment Holdings (NYSE:AMC) could de-lever if movie attendance returned to pre-pandemic levels. That hasn’t happened yet, but the company did generate positive operating cash flow in Q3 and the 2024 movie slate looks more robust than it did for 2023. Company Profile…
Spencer Platt Elevator Pitch I have a Hold rating assigned to Tencent Music Entertainment Group (NYSE:TME) [1698:HK]. My earlier August 18, 2023, update drew attention to TME’s Q2 2023 financial results and its Q3 2023 management guidance. In this latest article, I write about the growth potential of TME’s online music services business and the…
Vivien Killilea PENN Entertainment, Inc. (NASDAQ:PENN) sent shockwaves through the industry by signing a 10-year, $1.5 billion deal to create an ESPN-branded sportsbook in August. Shortly after, I laid out the back-of-the-envelope case for PENN stock to soar from roughly $25 per share to $134 in the coming years. The market resoundingly disagreed, with frustrated…
Lions Gate Entertainment Corp. (NYSE:LGF.A) Q2 2024 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Nilay Shah – IR Jon Feltheimer – CEO Jimmy Barge – CFO Michael Burns – COO Kevin Beggs – Chairman of the Motion Picture Group Joe Drake – President of Worldwide TV Jeff Hirsch – President and…
FansUnite Entertainment Inc. (OTCQB:FUNFF) Q3 2023 Earnings Conference Call November 15, 2023 10:00 AM ET Company Participants Prit Singh – Investor Relations Graeme Moore – Chief Financial Officer Scott Burton – Chief Executive Officer Prit Singh Hello, everyone. Welcome to FansUnite’s Q3 Fiscal 2023 Earnings Call. For those who are unfamiliar with FansUnite, FansUnite is…
Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET Company Participants Anne Graffice – Executive Vice President, Global Marketing and Public Affairs Michael Crawford – President and Chief Executive Officer Benjamin Lee – Chief Financial Officer Conference Call Participants Jack Vander Aarde – Maxim Group…
Michael Blann/DigitalVision via Getty Images Investment Thesis PENN Entertainment (NASDAQ:PENN) shares have rebounded strongly after the most recent Q3 results which I unfortunately believe to be caused mostly by hype rather than solid operational performance. While the new ESPN Bet deal and launch of the service on November 14 should help generate stronger revenue growth…
Massimo Giachetti AMC Entertainment (NYSE:AMC) has a pathway to deleveraging as attendance continues to recover, but it needs to avoid any bumps in the road. Company Profile AMC owns and operates movie theatres throughout the United States and Europe. The company generates revenue through ticket sales, food and beverage sales, and advertising. The company licenses…
Leland Bobbe/DigitalVision via Getty Images Investment Thesis PENN Entertainment (NASDAQ:PENN) offers investors a rare opportunity to buy shares in an industry leader at a discounted valuation. PENN operates the largest regional casino footprint in the U.S. with 43 properties across 20 states and holds a dominant competitive position in most of its core regional markets…
Thunderbird Entertainment Group Inc. (OTCQX:THBRF) Q4 2023 Earnings Conference Call October 5, 2023 2:00 PM ET Company Participants Glen Akselrod – IR, Bristol Capital Jennifer McCarron – Chair & CEO Barb Harwood – CFO Conference Call Participants David McFadgen – Cormark Securities Aravinda Galappatthige – Canaccord Zack Buckley – Buckley Capital Operator Thank you for…
JPMorgan Chase & Co. recently raised its Sphere Entertainment stock price target from $25 to $28 following the release of the entertainment company’s Q4 figures. Sphere Entertainment Co (NYSE: SPHR) stock rose by more than 7% after the company opened its Sphere venue in Las Vegas with a show by U2 on Friday night. The…
Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bank of America Securities 2023 Media, Communications & Entertainment Conference September 14, 2023 8:50 AM ET Company Participants Gunnar Wiedenfels – Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich – Bank of America Securities Jessica Reif Ehrlich Welcome to day two. We are thrilled to have Gunnar Wiedenfels here…
John Medina AMC Entertainment Holdings (NYSE:AMC) was one of the few meme stocks that I always monitor on the regular basis due to the immense buying power of retail traders. Retail traders are powerful and it’s no secret that AMC remains a popular holding amongst Generation Z and Millennial investors. Unfortunately, most retail traders have…
Michael Jagla VICI Properties (NYSE:VICI) is a REIT that owns a large portfolio of hotels and entertainment destinations. These aren’t just any old hotels; they are gaming destinations like Caesars Palace, the MGM Grand, and the Venetian in Las Vegas all sit in this portfolio. In this article, we’re going to take a look at…
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PENN Entertainment, Inc. (NASDAQ:PENN) Q2 2023 Results Conference Call August 9, 2023 9:00 AM ET Company Participants Joe Jaffoni – IR Jay Snowden – CEO Felicia Hendrix – CFO Todd George – Head of Operations Chris Rogers – EVP, Chief Strategy Officer Conference Call Participants Barry Jonas – Truist Securities Carlo Santarelli – Deutsche Bank…
mbbirdy/iStock via Getty Images The Company Accel Entertainment, Inc. (NYSE:ACEL) is a $1-billion market cap distributed gaming operator in the United States, involved in the installation, maintenance, and operation of gaming terminals, redemption devices with ATM functionality, and other amusement devices in authorized non-casino locations like restaurants, bars, convenience stores, and more. They also offer…
gilaxia/E+ via Getty Images Investment Thesis Live Nation Entertainment (NYSE:LYV) was up over 40% year-to-date (YTD) before dropping 15% from July 28 to August 3. I am taking this opportunity to suggest buying shares of the company now. In the mid-80s range, specifically at $86.50, I see a very attractive 11.6x risk-to-reward ratio based on…