Analyst Tim Nollen noted a grim situation for Hollywood stocks, mentioning that ad revenues did not improve in Q1, and cord-cutting intensified, leading to a tough outlook.
Nollen emphasized the steep drop in pay TV subscribers by 10.9% year-over-year among major operators, which negatively impacted revenue for linear TV.
Despite the overall poor performance of Hollywood stocks, Nollen pointed out that only Disney and Comcast are expected to offer long-term earnings growth, mainly through direct-to-consumer platforms.
He also highlighted promising potential in lesser-known stocks like Ziff Davis, which showcases strong EBITDA margins and serves a growing market through its well-regarded media publications.
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