AI disintermediation concern is in full swing, driving Internet stocks down 30% YTD. We think the space is generally well insulated, but see no obvious catalyst to shift the narrative. In the meantime, we recommend owning names the market is most likely to identify as having structural barriers to AI disintermediation, which we see breaking out first once sentiment improves. Based on our conversations, these names include ABNB, CVNA, DASH, DIS, ROKU, and SPOT. What happened? Internet stocks are down ~30% YT ...

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. other people make friends. I'm just trying to save a little bit of money here. My job is not just to entertain, but to educate, to explain days like today. So, call me at 1800743 CNBC or tweet me at Jim Kramer. Goodbye, February. You will forever be known as a heartbreaker. You demolished software. You minimized hardware. And then you took apart the king, Nvidia. And you decided that the winners were these prosaic companies with popular brands like P ...

An updated edition of the Dec. 31, 2025 article.The global streaming content industry has evolved from a niche add-on to a core pillar of media consumption, fundamentally reshaping how audiences access entertainment and information. Subscription video, free ad-supported streaming TV (FAST), live streaming and digital audio collectively form a multibillion-dollar ecosystem supported by widespread broadband penetration and connected TV adoption. This structural shift has opened meaningful opportunities for pl ...

Key Takeaways WBD reported a Q4 loss of 10 cents per share as revenue fell 6% year over year.Warner Bros. Discovery grew streaming subs to 131.6M, up 3.5M sequentially.WBD saw sharp declines in Linear Networks and Studios, pressuring EBITDA and cash flow.Warner Bros. Discovery (WBD) reported a fourth-quarter 2025 loss of 10 cents per share, missing the Zacks Consensus Estimate of earnings of 2 cents. The company had reported a loss of 20 cents per share in the year-ago quarter. Revenues decreased 6% year ov ...

Key Takeaways IMAX's Q4 EPS rose 115% to 58 cents as revenues climbed 35% to $125.2M, topping estimates.IMAX's gross box office jumped 62% to a record $336.2M, lifting Content Solutions margin to 57%.IMAX guides 2026 box office of ~$1.4B, EBITDA margin mid-40s and 160-175 system installs.IMAX Corporation (IMAX) reported fourth-quarter 2025 adjusted earnings of 58 cents per share, beating the Zacks Consensus Estimate by 34.88% and increasing 115% year over year. Total revenues of $125.2 million surpassed the ...

When investors think about companies within the streaming market, the vast majority probably come up with Netflix first. However, there are other businesses in this evolving industry that also deserve some attention. For example, one streaming platform just reported revenue of $4.7 billion in 2025. That figure is 161% higher than in 2020, demonstrating robust adoption trends. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispen ...

Magnite (NasdaqGS:MGNI) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Company ParticipantsDavid Day - CFOMichael Barrett - President and CEONick Kormeluk - Head of Investor RelationsConference Call ParticipantsBarton Crockett - Managing Director, Senior Research AnalystDaniel Kurnos - Equity Research AnalystEric Martinuzzi - Senior Research AnalystJason Kreyer - Senior Research AnalystLaura Martin - Senior AnalystMatthew Swanson - Equity Research AnalystOmar Dessouky - Research AnalystRobert Coolbrith ...

Magnite (NasdaqGS:MGNI) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Company ParticipantsDavid Day - CFOMichael Barrett - President and CEONick Kormeluk - Head of Investor RelationsConference Call ParticipantsBarton Crockett - Managing Director, Senior Research AnalystDaniel Kurnos - Equity Research AnalystEric Martinuzzi - Senior Research AnalystJason Kreyer - Senior Research AnalystLaura Martin - Senior AnalystMatthew Swanson - Equity Research AnalystOmar Dessouky - Research AnalystRobert Coolbrith ...

Financial Data and Key Metrics Changes - In Q4 2025, total revenue was $205 million, up 6% from Q4 2024, with contribution ex-TAC at $195 million, an increase of 8% year-over-year and 16% excluding political [15][16] - Adjusted EBITDA grew 9% to $84 million, resulting in a 43% margin [17][18] - For the full year 2025, contribution ex-TAC totaled $670 million, a year-over-year increase of 10% or 14% excluding political impacts [14][15] - Net income for Q4 was $123 million, significantly up from $36 million in Q4 2024, primarily due to a one-time tax benefit [17][18] Business Line Data and Key Metrics Changes - CTV contribution ex-TAC grew 32% in Q4 2025, reaching 48% of total contribution ex-TAC, while DV+ grew 4% excluding political, but was below expectations [5][14][15] - DV+ contribution ex-TAC was $101 million, a decrease of 1% year-over-year, indicating a shift in spending from DV+ to CTV [16][19] - The contribution ex-TAC mix for Q4 was 48% CTV, 37% mobile, and 15% desktop [16] Market Data and Key Metrics Changes - CTV is now larger than DV+, marking a significant shift in the company's business model towards streaming [5] - The company noted strong growth from major players in the industry, including LG Ads, Netflix, and Paramount, indicating a broad-based adoption of CTV [5][6] - The company observed accelerated budget reallocation from DV+ into CTV, particularly in Q1 2026 [8][12] Company Strategy and Development Direction - The company is focused on capitalizing on the shift towards streaming and programmatic CTV, which is now seen as a dominant form of video consumption [12][13] - The management emphasized the importance of AI and automation in enhancing the advertising marketplace, positioning the company as a foundational player in the future of digital advertising [10][11] - The company plans to return approximately 50% of free cash flow to shareholders through share repurchases, indicating a strong capital allocation strategy [21][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic position, citing the ongoing shift to CTV and the expected sustained double-digit growth in CTV advertising [12][13] - The company anticipates contribution ex-TAC growth of 8%-10% for Q1 2026, with CTV expected to surpass 50% of total contribution ex-TAC for the first time [22][23] - Management noted that the first quarter is typically the lowest margin quarter, but expects Adjusted EBITDA margin to exceed 35% for the full year 2026 [23] Other Important Information - The company has a cash balance of $553 million and plans to pay off $205 million in convertible notes at maturity [19][20] - The company is actively testing AI capabilities and making strategic investments to improve efficiencies in its platform [24] Q&A Session Summary Question: Sustainability of CTV Growth - Management noted that CTV growth is broad-based and driven by both large advertisers and performance-oriented SMBs, indicating a sustainable trend [26][27] Question: Risk and Client Relationships - Management confirmed that deep integrations with large CTV players enhance client relationships and reduce investment risks [29] Question: CTV vs. Organic Growth - Management indicated that the shift from DV+ to CTV is significant, with both platforms showing growth, but CTV is expected to continue outperforming [33][34] Question: Future Growth Rates - Management expects CTV to sustain high teens to 20% growth rates, while DV+ may face pressure but has emerging growth areas like mobile apps [47][51] Question: AI and Market Impact - Management believes AI will enhance efficiencies in the ad tech sector without significantly compressing take rates, as value creation remains strong [82][84] Question: Open Path and Market Share - Management stated that Open Path has been successfully integrated and is not an existential threat, with no impact on CTV performance [52][53]

Keith Hopkins VP, Content Distribution & Marketing for TV One Networks SILVER SPRING, MD., Feb. 24, 2026 (GLOBE NEWSWIRE) -- TV One Networks today announced the appointment of Keith Hopkins as the new Vice President of Content Distribution & Marketing. Hopkins brings two decades of experience spanning content distribution, sports partnerships, and streaming strategy, having held senior leadership roles at Roku, Nexstar Media Group, Pac-12 Conference and NBCUniversal/Comcast. In his new role, Hopkins wil ...