Market Overview - U.S. stock futures showed mixed movements following a mixed trading session on Wednesday, with major indices experiencing slight fluctuations [1] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.57%, indicating market expectations for potential interest rate cuts by the Federal Reserve [2] Stock Performance - Cisco Systems Inc. (NASDAQ:CSCO) saw a premarket increase of 7.04% after reporting positive financial results for the first quarter, maintaining a stronger price trend across various time frames [7] - Walt Disney Co. (NYSE:DIS) was up 0.29% ahead of its earnings report, with analysts predicting earnings of $1.04 per share on revenue of $22.75 billion, also showing a strong price trend [8] - Applied Materials Inc. (NASDAQ:AMAT) rose 0.55% with expected earnings of $2.10 per share on revenue of $6.67 billion, maintaining a strong price trend [8] - SoundThinking Inc. (NASDAQ:SSTI) fell 3.32% after disappointing third-quarter results and lowering its FY25 sales guidance, reflecting a weaker price trend [8] - Dlocal Ltd. (NASDAQ:DLO) dropped 11.37% despite beating third-quarter estimates, as its gross profit margin declined to 37% from 42% year-over-year, indicating a weaker price trend in the short and medium terms [8] Sector Performance - Most sectors on the S&P 500 closed positively, with healthcare, financial, and materials stocks recording the largest gains on Wednesday [5] Analyst Insights - BlackRock maintains an "overweight" view on U.S. equities, supported by a softening labor market that may allow the Federal Reserve to cut interest rates, which could benefit U.S. stocks and the AI sector [9] - The firm emphasizes that AI developments are crucial for corporate earnings, which are seen as a key factor supporting U.S. market valuations compared to other developed markets [10] Economic Data - Upcoming economic data releases, including October's CPI and initial jobless claims, will be delayed due to the recent government shutdown, impacting market expectations [11][13]

11月12日，2025中国新媒体大会在湖南长沙开幕。在这场由中华全国新闻工作者协会、湖南省人民政府 主办的行业盛会中，南方财经全媒体集团自主研发的"摇光"互联网传播赋能平台入选2025"融媒有技"优 秀案例库。 作为驱动南方财经全媒体集团传播力建设的核心技术底座，"摇光"互联网传播赋能平台项目以"移动优 先、数据驱动"为设计原则，推动传播效果评价倒逼改革深化，将中央考核要求直贯至集团全采编部 门；打通内容生产平台，实现"一次采编、全端覆盖、效果可视"的闭环运营；构建动态立体的新媒体用 户画像，驱动内容的精准化运营与差异化传播。 在底层技术上，自研"虚拟穿透技术"、一键分发与数据智能采集技术、AI智能汇聚相似稿件技术，打造 省内首创、国内领先的技术标杆；在上层应用上，提供内容一键分发、传播效果分析、网络热点捕捉、 传播规律复盘、用户画像洞察以及网络舆情监测等服务。 上线以来，总访问次数达30万次，日均访问次数超 683 次，为内容分发工作减少约 5 倍人力投入，为数 据统计工作减少约 10 倍人力投入，为媒体行业数字化、网络化、智能化转型提供示范效应。 （2025中国新媒体大会现场） 据主办方介绍，在技术重塑传 ...

分组1 - Walt Disney Co. is expected to report quarterly earnings of $1.04 per share on revenue of $22.75 billion [2] - Cisco Systems Inc. reported first-quarter revenue of $14.88 billion, exceeding analyst estimates of $14.77 billion, and raised its fiscal 2026 guidance [2] - Cisco's adjusted earnings for the first quarter were $1.00 per share, surpassing analyst expectations of 98 cents per share [2] - Applied Materials Inc. is anticipated to post quarterly earnings of $2.10 per share on revenue of $6.67 billion [2] - SoundThinking Inc. reported disappointing third-quarter results and lowered its FY25 sales guidance, leading to an 11.6% drop in shares [2] - JD.Com Inc. is expected to report quarterly earnings of 34 cents per share on revenue of $41.33 billion [2]

AI Applications - The core viewpoint is that AI applications are accelerating commercialization, with significant growth expected in 2025 and 2026, particularly in integrating AI with existing products like WeChat and Douyin, which are anticipated to become key traffic entry points in the AI era [1][2] - OpenAI and Anthropic are leading the charge in AI commercialization, with OpenAI projected to increase its annual recurring revenue (ARR) from $10 billion to $20 billion by 2025, while Anthropic's ARR is expected to grow from $1 billion to $5 billion in the same timeframe [2][4] - Domestic companies are also seeing rapid growth in AI revenue, with Meitu's paid penetration rate increasing from 2.9% in the first half of 2023 to 5.5% in the first half of 2025 [2] Gaming Industry - The gaming industry is expected to maintain high profitability and growth, with a significant increase in game licenses issued, which supports future revenue streams [5][6] - Major companies like Tencent, NetEase, and miHoYo are set to release a series of new games, while mid-sized firms are also innovating, indicating a robust pipeline of new content [5][6] - The overall revenue of core gaming companies in A-shares is projected to double by 2025 compared to 2020, with net profit growth rates reaching new highs [6] Content Consumption - The content consumption sector is witnessing a shift towards quality integration, particularly in the IP toy market and ACG content, with expectations for consolidation among leading players [8] - Music platforms are benefiting from increased volume and pricing, while live performances continue to see high demand, supported by recent regulatory relaxations in the Korean entertainment industry [9] - The film and television sector is experiencing innovation driven by AI and supportive policies, with a focus on new content formats and a recovery in supply expected to drive market growth [10]

Core Insights - Disney is facing significant financial losses due to an ongoing carriage dispute with YouTube TV, costing the company tens of millions of dollars weekly [1][2] - The blackout of Disney channels, including ABC and ESPN, has lasted for 13 days, impacting YouTube TV subscribers [1][2] Financial Impact - Morgan Stanley estimates that the 14-day blackout will result in a $60 million revenue loss for Disney, translating to approximately $30 million per week or $4.3 million per day [2] - Each week of lost distribution is projected to decrease Disney's adjusted earnings per share (EPS) by $0.02 [3] Market Position - YouTube TV is identified as the third-largest multichannel provider in the U.S., highlighting its significance in the market [3] - Disney's stock is currently trading around $116 per share, with Morgan Stanley maintaining an overweight rating and a price target of $140 [6] Subscriber Compensation - In response to the blackout, YouTube TV is offering subscribers a $20 credit to compensate for the loss of Disney channels [6][7] Negotiation Status - Disney executives have indicated that YouTube TV is seeking preferential terms that are below market value, complicating negotiations [10] - Previous discussions aimed at restoring ABC for Election Day coverage were unsuccessful [10]

And now let's find out what to watch for in those Disney numbers tomorrow morning. Joining us now is Laura Martin. She's NEM's senior internet and media analyst.Has a buy rating and $125 price target. Laura, good to see you. I think it's been three and a half years since Disney last saw 125 and it was on the way down.So what's it going to take to to get it comfortably above that level. >> Um it's going to take moderating losses at linear networks. it's going to take really strong experiences or let's call i ...

Core Insights - Disney's stock is currently targeted at $125, a level not seen in three and a half years, indicating potential growth if certain conditions are met [1] Financial Performance - Moderating losses in linear networks, strong growth in theme parks, and successful ESPN flagship launch are critical for Disney to exceed the $125 price target [2] - Theme parks are projected to generate approximately $2 billion in operating income for the quarter, significantly surpassing the combined income of other segments [6] Strategic Considerations - The importance of linear networks is diminishing, with sports, particularly through ESPN, being the primary driver of value [4] - Disney's dual presence in cable networks and broadcasting positions it favorably in negotiations with sports leagues, which seek both reach and revenue [5] Management and Succession - An announcement regarding Bob Iger's successor is expected in the first calendar quarter of 2026, with the current frontrunner being the parks executive [7][9] Content Strategy - Concerns exist regarding the production of sequels like Toy Story 5, but the built-in audience may mitigate financial risks associated with new content [10][11]

CorpGov and  IPO Edge are pleased to provide complete video coverage of the fifth annual Palm Beach CorpGov Forum held on Nov. 5-6, featuring a two-day event with panels, firesides and networking receptions. The event comprised an array of speakers from the worlds of corporate governance, activism, IPOs, private equity and venture capital. The panelists discussed the latest acquisition and business developments at Paramount Skydance Corp. (Nasdaq: PSKY), the current macro environment for the  entertainmen ...

As I said, Jim Stewart was here with us at Post 9 to look ahead to Disney uh tomorrow. The most important thing in your mind is what. >> The the numbers on streaming, the sports, and of course the regular streaming thing.This is like to me it's going to be an incredibly re revealing quarter because the first time Disney is all in on streaming. We've got the regular Disney stuff, Disney Plus, Hulu, and then we finally have ESPN going direct to consumer. So that I'd say the profit and revenue will be less rev ...

Tom Rogers, a media industry veteran and senior adviser at Versent, says Walt Disney Co (NYSE: DIS) earnings on November 13 aren't just about numbers – they're about proving the giant's evolution is w... ...