Netflix has dropped its $83 billion deal to acquire the Warner Bros. studio and its streaming service HBO Max. In an announcement on Thursday , co-CEOs Ted Sarandos and Greg Peters say the streamer is "declining to match" the new bid made by Paramount: The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined...
Netflix has dropped its $83 billion deal to acquire the Warner Bros. studio and its streaming service HBO Max. In an announcement on Thursday , co-CEOs Ted Sarandos and Greg Peters say the streamer is "declining to match" the new bid made by Paramount: The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid. We believe we would have been strong stewards of Warner Bros.' iconic … Read the full story at The Verge.
(RTTNews) - The South Korea stock market has moved higher in six straight sessions, rallying more than 800 points or 13.7 percent on its way to a fresh record closing high. The KOSPI now sits just above the 6,300-point plateau and it's overdue for consolidation on Friday.
(RTTNews) - The South Korea stock market has moved higher in six straight sessions, rallying more than 800 points or 13.7 percent on its way to a fresh record closing high. The KOSPI now sits just above the 6,300-point plateau and it's overdue for consolidation on Friday.
Warner Bros. Discovery said a new $111 billion offer from Paramount Skydance is a better deal for shareholders than the one it agreed to earlier with Netflix. Netflix will now have four business days to come up with a new proposal that beats Paramount or it will lose the fight for one of the industry’s oldest film and TV studios. Paramount has offered $31 a share for all of Warner Bros. while Netf...
Warner Bros. Discovery said a new $111 billion offer from Paramount Skydance is a better deal for shareholders than the one it agreed to earlier with Netflix. Netflix will now have four business days to come up with a new proposal that beats Paramount or it will lose the fight for one of the industry’s oldest film and TV studios. Paramount has offered $31 a share for all of Warner Bros. while Netflix has bid $27.75 a share for the company’s studios and HBO business. Paramount Chief Executive Officer David Ellison has been pursuing Warner Bros. for months, efforts that prompted the parent of HBO and CNN to put itself up for sale in October. After Warner Bros. signed a deal in early December with Netflix, Paramount kept up the fight. Bloomberg News Senior Editor and Entertainment Team Leader Chris Palmeri joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Earnings Call Insights: Privia Health Group, Inc. (PRVA) Q4 2025 Management View CEO Parth Mehrotra stated that "Privia Health delivered a very strong 2025 as we continue to execute extremely well and drive growth across our markets." He highlighted new provider signings and implementations, with 591 providers added, marking a 12.3% year-over-year increase, and value-based attributed lives rising ...
Earnings Call Insights: Privia Health Group, Inc. (PRVA) Q4 2025 Management View CEO Parth Mehrotra stated that "Privia Health delivered a very strong 2025 as we continue to execute extremely well and drive growth across our markets." He highlighted new provider signings and implementations, with 591 providers added, marking a 12.3% year-over-year increase, and value-based attributed lives rising 22.7% to 1.54 million. Practice collections increased 16.9% for 2025, and adjusted EBITDA for the year grew 38.8% to $125.5 million, with EBITDA margin as a percentage of care margin expanding 480 basis points to 27.2%. Mehrotra announced the completion of the Evolent Health ACO business acquisition, adding over 120,000 value-based attributed lives and entry into Arizona with anchor partner IMS. The company deployed $180 million for transactions, ending the year with $480 million in cash. He emphasized the company’s position for 2026, projecting approximately 20% EBITDA growth at the midpoint of guidance and an 80% EBITDA to free cash flow conversion, expecting to end 2026 with about $600 million in cash. CFO David Mountcastle reported that "implemented providers grew 130 sequentially from Q3 to reach 5,380 at December 31, an increase of 12.3% year-over-year." He added, "practice collections increasing 9.6% from Q4 a year ago to reach $868.7 million. Adjusted EBITDA... increased 26.4% over the fourth quarter last year to reach $31.5 million, representing 27% of Care Margin." Outlook Management is guiding for implemented providers to increase 10.6% year-over-year to 5,950 by year-end 2026, with attributed lives expected at approximately 1.58 million. Practice collections are expected to grow 6.6%, care margin 13%, and adjusted EBITDA to increase 19.5% at a $150 million midpoint for 2026. 80% of full year 2026 adjusted EBITDA is expected to convert to free cash flow as the company becomes a full cash taxpayer. Mehrotra indicated no acquisitions are assumed in the 2026 outlook...
Earnings Call Insights: Chesapeake Utilities Corporation (CPK) Q4 2025 Management View Jeffrey Householder, President, CEO & Chairman, highlighted "2025 was our 19th consecutive year of earnings growth," with adjusted earnings of $6.01 per share, a 12% increase over 2024. He emphasized, "We invested $470 million through 2025, a 32% increase over our 2024 capital spend and $20 million above our 202...
Earnings Call Insights: Chesapeake Utilities Corporation (CPK) Q4 2025 Management View Jeffrey Householder, President, CEO & Chairman, highlighted "2025 was our 19th consecutive year of earnings growth," with adjusted earnings of $6.01 per share, a 12% increase over 2024. He emphasized, "We invested $470 million through 2025, a 32% increase over our 2024 capital spend and $20 million above our 2025 guidance range." Above-average residential growth of 3% was cited as the primary driver for the capital program, and nearly 11,000 new customers were added in 2025 across natural gas and electric areas. He announced, "We're initiating full year 2026 capital expenditure guidance of $450 million to $500 million... including successful completion of a number of projects and initiating construction on a new set of opportunities." Householder introduced a new technology transformation, stating, "We're undertaking the largest technology system implementation in our history with our multiyear enterprise resource plan or ERP... which we're calling 1CORE is going to be bigger and even more transformational than anything we've done thus far." He also announced the Delmarva Regional Enhancement project with an estimated capital investment of $75 million and an in-service date around the end of 2028, and a $6.5 million grant-backed feasibility study for new Virginia infrastructure. Beth Cooper, Executive VP, CFO, Treasurer & Assistant Corporate Secretary, stated, "We generated approximately $639 million of adjusted gross margin, $141 million of adjusted net income and $6.01 of adjusted earnings per share in 2025, all representing double-digit increases over full year 2024." She added, "We ended 2025 at an equity capitalization of 50%, meeting the goal we set at the start of the year, 3 years ahead of the target." She reaffirmed the 2028 adjusted EPS range of $7.75 to $8 per share and long-term growth target of 8%. Outlook The company reaffirmed its 2028 adjusted EPS guidance of $7.75...
格隆汇2月27日｜人工智能再次吸引了交易员的目光。尽管英伟达业绩超出预期，但其股价全天表现低迷，最终收跌超5%，抑制了市场情绪。受美股半导体板块表现疲软影响，日本和韩国等科技股占比较高的基准指数合约下跌，而澳大利亚和香港的合约则微涨。这些波动进一步表明市场对人工智能相关消息的高度敏感，因为各方都在努力理解这一快速发展技术的长期影响。Fundstrat Global Advisors的分析师Hard...
格隆汇2月27日｜人工智能再次吸引了交易员的目光。尽管英伟达业绩超出预期，但其股价全天表现低迷，最终收跌超5%，抑制了市场情绪。受美股半导体板块表现疲软影响，日本和韩国等科技股占比较高的基准指数合约下跌，而澳大利亚和香港的合约则微涨。这些波动进一步表明市场对人工智能相关消息的高度敏感，因为各方都在努力理解这一快速发展技术的长期影响。Fundstrat Global Advisors的分析师Hardika Singh认为，市场对英伟达财报超预期的业绩反应平淡，部分原因是投资者目前已将这种卓越表现视为理所当然。
Klaus Vedfelt/DigitalVision via Getty Images Introduction Back when I last covered LTC Properties ( LTC ), I called them an “Undervalued Monthly Dividend REIT Poised For Recovery,” highlighting their solid dividends and upside potential thanks to their transition towards a SHOP/RIDEA structure (where a subsidiary holds the operational risk and hires a third-party to manage the properties), similar...
Klaus Vedfelt/DigitalVision via Getty Images Introduction Back when I last covered LTC Properties ( LTC ), I called them an “Undervalued Monthly Dividend REIT Poised For Recovery,” highlighting their solid dividends and upside potential thanks to their transition towards a SHOP/RIDEA structure (where a subsidiary holds the operational risk and hires a third-party to manage the properties), similar to virtually everyone else in the industry after being against it for some time. With the stock returning 10-15% since the previous coverage and following a solid report with an expectable guidance, I am downgrading LTC to a Hold, as the valuation now reflects an appropriate level given the increased level of risk they are taking. Internal Developments LTC Properties IR LTC reported an overall solid Q4 and 2025, beating the market’s FFO estimates by a bit and reporting revenue in line with the expectations, while reporting a FAD of $133.56 million, meaning about $2.87 in Diluted Core FAD per share compared to $2.67 per share in 2024, for a strong ~7.5% increase YoY. LTC Properties IR As for the guidance, LTC expects a solid Diluted Core FAD of $2.82 to $2.86 per share in 2026, expecting gross investments between $400 million to $800 million and $265.9 million in asset sales and loan payoffs. Note however that this Diluted Core FAD is below the $2.87 they reported in 2025 (strictly on a per share basis; the absolute number is slightly higher since they issued shares throughout the year), although I would expect this to be a pivotal year where the business adapts to the increased overhead, higher CAPEX, timing of reinvestments, etc. given the switch to a SHOP model. LTC Properties IR After the previous CEO had been against it for quite some time, LTC is rapidly developing towards a SHOP (Seniors Housing Operating Portfolio) model, allowing them to pay a management fee to an operator to run the business and collect the actual revenues instead of simple rent, with 24% of their...
PeopleImages/iStock via Getty Images Steven Madden, Ltd. ( SHOO ) reported good Q4 '25 results , particularly in terms of brand strength, not so much on margins, and pointed towards a positive year in 2026, with potential margin recovery but owned brands growing at HSD organically. To this, we have to add the recent uncertainty regarding tariffs, potentially returning some profitability to the com...
PeopleImages/iStock via Getty Images Steven Madden, Ltd. ( SHOO ) reported good Q4 '25 results , particularly in terms of brand strength, not so much on margins, and pointed towards a positive year in 2026, with potential margin recovery but owned brands growing at HSD organically. To this, we have to add the recent uncertainty regarding tariffs, potentially returning some profitability to the company down the road (high exposure to Chinese manufacturing). SHOO did not provide earnings guidance because of this uncertainty. Despite the company performing, I find that the price is fair to aggressive for what is still a consumer discretionary business. Even assuming HSD growth and 1.5pp of margin leverage, the name still trades at a P/E of 15/16x, or a yield of ~6.5%, which is not super attractive. If instead of focusing on earnings, we focus on growth, the combination of HSD growth and distributable earnings (after the investment required for growth) leads to a higher yield of about 10/12%, but still riding on relatively optimistic assumptions. This is fair, potentially, but not a crazy opportunity. I maintain a Hold. Q4 '25 results SHOO Q4 '25 top line results were very positive on an unadjusted basis, with revenues up 30% because of the inorganic acquisition of Kurt Geiger, and "negative but good" on an adjusted basis, with ex-KG revenues down 1.5%. Although the adjusted figure was negative, the result is positive for two reasons. First, it is an improvement from a very challenging Q3 '25 (down 15% ex-KG) and Q2 '25 (down 10% ex-KG). Second, the majority of the negative impact is now contained to the private label business, which remains pressured because of supply chain restructuring and the K-shaped economy. Private label is not a small business, at 25% of revenues in 2024, and closer to 15% in 2025, but it is probably not the company's highest margin business. The company did not provide the specifics in the call for the quarter, but private label was down 15% fo...
“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,” Netflix said Thursday in a statement. “However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” Netflix shares jumped as much as 13%...
“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,” Netflix said Thursday in a statement. “However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” Netflix shares jumped as much as 13% in after-hours trading, indicating that investors were happy to see the company walk away from the deal.