The Procter & Gamble Company (NYSE:PG) Morgan Stanley Global Consumer & Retail Conference December 5, 2023 8:00 AM ET Company Participants John Chevalier - SVP, IR Andre Schulten - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Dara Mohsenian Good morning, everyone. I'm Dara Mohsenian, I'm Morgan Stanley's household products and beverage analyst. We're thrilled to welcome Procter & Gamble with us here today to lead off our Global Consumer and Retail Conference. Just before we get started, ...

Automatic Data Processing Inc. (NASDAQ:ADP) Company Conference Call December 5, 2023 8:00 AM ET Company Participants Maria Black - Chief Executive Officer Don McGuire - Chief Financial Officer Conference Call Participants James Faucette - Morgan Stanley James Faucette All right, good afternoon everybody. Thanks for joining us here for ADP. As a reminder, I’m James Faucette, Senior Research Analyst here at Morgan Stanley. I’m very pleased to have Maria Black, CEO of ADP. Thanks for joining us-- Maria Black ...

Alteryx, Inc. (NYSE:AYX) Raymond James TMT & Consumer Conference December 5, 2023 9:10 AM ET Company Participants Mark Anderson - CEO Kevin Rubin - CFO Conference Call Participants Alex Sklar - Raymond James Alex Sklar Good morning, everyone. My name's Alex Sklar. I'm one of the application software analysts here at Raymond James. Very pleased to have Alteryx back with us this year. We have Mark Anderson, Chief Executive Officer, and Chief Financial Officer, Kevin Rubin. We're going to do a fireside chat. W ...

Open Text Corporation (NASDAQ:OTEX) Nasdaq 49th Investor Conference December 5, 2023 8:00 AM ET Company Participants Madhu Ranganathan - Chief Financial Officer Unidentified Company Representative All right, well, good afternoon. Hope everyone enjoyed lunch and the panel presentation. We are kicking things back on again with OpenText, and we're pleased to have Chief Financial Officer, Madhu Ranganathan. Madhu, thank you for joining us again at the NASDAQ conference. Madhu Ranganathan Yes, thank you for havi ...

Call Start: 4:00 January 1, 0000 4:29 AM ET Electronic Arts Inc. (NASDAQ:EA) Nasdaq 49th Investor Conference Call December 5, 2023 4:00 AM ET Company Participants Stuart Canfield - Executive VP & CFO Conference Call Participants Matt Cost - Morgan Stanley Matt Cost Okay, we're on. All right. Good morning, everyone. Thanks so much for being here. My name is Matt Costs from Morgan Stanley, US internet team, thrilled to be joined by Stuart Canfield, the CFO of EA, thank you so much for being here. Stuart Canfi ...

Summary of Intuit Inc. (NASDAQ:INTU) Nasdaq 49th Investor Conference Company Overview - **Company**: Intuit Inc. (NASDAQ:INTU) - **Industry**: Financial Management Software - **Conference Date**: December 5, 2023 Key Points Industry and Market Context - Intuit serves consumers and small businesses, focusing on financial management to power their prosperity [2][3] - The total addressable market (TAM) is estimated at **$300 billion**, with a current penetration rate of only **5%** [2][6] - The company aims to create a "future of done for you" service, integrating data and AI to assist small businesses [2][3] AI and Technology Integration - Intuit has invested heavily in data and AI over the past decade, with a specific focus on generative AI in the last two and a half years [3][4] - Generative AI is being used to automate marketing campaigns for small businesses, significantly improving their success rates [3][4] - The integration of QuickBooks and MailChimp allows for better cash flow management and customer engagement [4][6] Growth Strategies - Intuit's growth strategy includes three main levers: 1. **New Customer Growth**: Simplifying the transition from manual methods to digital solutions [6][8] 2. **Breakthrough Adoption**: Enhancing service penetration among existing customers [6][8] 3. **Connection to Live Expertise**: Offering access to human experts through AI-driven platforms [6][8] Consumer Tax Business Insights - The consumer tax segment has seen significant growth, with a long-term growth range of **8% to 12%** expected [12][18] - The behavior of tax filers has shifted post-pandemic, with increased procrastination leading to later filings [10][12] - Intuit aims to disrupt the assisted tax preparation market, which is a **$30 billion** TAM, primarily dominated by local professionals [13][14] Small Business Segment - The small business segment has a TAM of **$200 billion**, with a projected growth rate of **15% to 20%** [20][21] - Intuit's platform integrates various services, including payments, payroll, and marketing, to enhance customer experience and drive revenue per customer (ARPC) [21][24] - The company is focusing on mid-market customers (10 to 100 employees) to capture a larger share of the market [21][27] Competitive Landscape - Intuit competes primarily with local mom-and-pop shops in the assisted tax preparation market, leveraging its data and AI capabilities to offer superior services [14][19] - The biggest competitor for Intuit in the small business sector is non-consumption, as many businesses still rely on manual methods [27][28] Conclusion - Intuit is well-positioned to capitalize on the growing demand for digital financial management solutions, leveraging AI and a comprehensive service platform to enhance customer success and drive growth in both consumer tax and small business segments [24][28]

Netflix, Inc. (NASDAQ:NFLX) UBS Global TMT Conference December 4, 2023 1:30 PM ET Company Participants Theodore Sarandos - Co-CEO, President & Director Conference Call Participants John Hodulik - UBS John Hodulik Okay. Great. Let's get started. Again, I'm John Hodulik from the Media and Telecom team. And for our next segment, we welcome Ted Sarandos, the Co-CEO of Netflix. Thanks for joining us again this year, Ted. Theodore Sarandos Glad to be here today. Thank you. John Hodulik Before we get into our Q&A, ...

American Tower Corporation (NYSE:AMT) UBS Global Media & Communications Conference December 4, 2023 2:15 PM ET Company Participants Steven Vondran - Executive Vice President and Global Chief Operating Officer Conference Call Participants Batya Levi - UBS Batya Levi We'll get started now. Thanks, everyone, for joining us. I'm Batya Levi with the communications team at UBS. Our next speaker is Steve Vondran, EVP and Global COO of American Tower and soon to be CEO. Thank you so much for joining us, Steve. Stev ...

Company and Industry Overview * **Company**: Sirius XM Holdings Inc. (NASDAQ: SIRI) * **Industry**: Media and Communications, specifically satellite radio and streaming services Key Points 1. Next-Generation Platform Launch * **Launch**: SiriusXM is launching a new next-generation platform, initially on streaming, with plans to roll it out across other products in the future. * **Features**: The platform includes a new streaming-only lower price point of $9.99/month, enhanced search and recommendation capabilities, and a new in-car platform called 360L. * **Objective**: The platform aims to grow subscribers, subscription revenue, and advertising over time. 2. Strategic Cost Management * **Efforts**: SiriusXM has been focused on strategic cost management, identifying $40 million in net savings in the last quarter. * **Focus**: The company will continue to focus on cost reductions while also investing in product and technology. 3. Balance Sheet and Free Cash Flow * **Balance Sheet**: SiriusXM has a strong balance sheet with $2 billion in liquidity and no bond maturities until 2026. * **Free Cash Flow**: The company expects free cash flow to grow over the next five years, despite high capital expenditures for satellite and non-satellite CapEx. 4. Subscriber Growth * **Trends**: SiriusXM expects meaningful improvement in subscriber net adds next year compared to this year. * **Challenges**: Vehicle-related churn, particularly in the used car market, remains a challenge. * **Strategies**: The company is focusing on partnerships and programs to drive conversion rates and improve subscriber retention. 5. Advertising * **Assets**: SiriusXM has a unique set of assets in audio, including SiriusXM broadcast, Pandora, and other off-platform advertising. * **Podcasting**: Podcasting has seen strong growth, with a focus on ad representation deals and exclusive content partnerships. * **Monetization**: SiriusXM is exploring different monetization opportunities, including ad-supported and subscription models. 6. Pricing Strategy * **Streaming**: The new streaming service will be priced at $9.99/month, positioning it as a complementary product to other music streaming services. * **ARPU**: SiriusXM's ARPU is trending at $15.70, with a focus on balancing core subscriber base growth with new demand capture. 7. Liberty Proposal * **Discussion**: SiriusXM is actively discussing a proposal from Liberty regarding additional leverage. * **Objective**: The company aims to reach its long-term target leverage rate of the low to mid three times EBITDA range. * **Timeline**: The resolution of the proposal is expected to be positive and will position the company well for future growth.

Lumen Technologies, Inc. (NYSE:LUMN) Raymond James TMT and Consumer Conference Call December 4, 2023 2:15 PM ET Company Participants Chris Stansbury - Chief Financial Officer Conference Call Participants Frank Louthan - Raymond James Frank Louthan My name is Frank Louthan. I'm the senior wireline analyst here at Raymond James. We're very pleased to have Lumen back here with us at the conference. We've got Chris Stansbury, Chief Financial Officer. Question-and-Answer Session Frank Louthan And so, Chris, why ...