It has not been a good year for billionaire activist investor Carl Icahn.
Empire State Realty Trust has surged 16% in the past year, driven by Manhattan's office market recovery and increasing return-to-office mandates. ESRT's fiscal 2024 third-quarter revenue rose 4.2% year-over-year, fueled by its diversified portfolio, including the iconic Empire State Building. The REIT's strong FFO growth, record free cash flow, and strategic acquisitions position it well for future expansion and increased occupancy rates.
Call Start: 12:00 January 1, 0000 12:46 PM ET Empire Company Limited (OTCPK:EMLAF) Q2 2025 Earnings Conference Call December 12, 2024, 12:00 PM ET Company Participants Katie Brine - IR, Treasury & Pensions Michael Medline - President and CEO Matt Reindel - CFO Pierre St-Laurent - COO Conference Call Participants Chris Li - Desjardins Tamy Chen - BMO Capital Markets Vishal Shreedhar - National Bank Michael Van Aelst - TD Cowen Irene Nattel - RBC Capital Markets John Zamparo - Scotiabank Mark Petrie - CIBC Operator Good afternoon, ladies and gentlemen, and welcome to the Empire Second Quarter 2025 Conference Call. [Operator Instructions] This call is being recorded on Thursday, December 12, 2024.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Liberty Media's CEO will step down as the company splits its Live Nation and Quint holdings from the motor sport businesses.
Games Workshop thrives on its Warhammer universe, leveraging strong IP, a loyal community, and a robust retail and online presence for consistent growth. CEO Kevin Rountree revitalized the Company through digital engagement, community events, and strategic partnerships, achieving 13% annual sales growth and 18% profit growth. Despite high profitability and a solid balance sheet, GMWKF's generous dividend policy may limit potential growth, particularly in expanding into promising Asian markets.
Meta Platforms is expected to meet or exceed Q3 earnings estimates due to strong advertising trends and CPM growth, but Q4 guidance may be weaker. Building on strong monetization, negative DAU growth for Facebook and Instagram suggests potential over-monetization, which could impact long-term user experience and revenue growth. I think Meta's growth outlook is increasingly challenged, with the two main revenue drivers showing stretched levels: slowing DAU growth and stretched DAU monetization.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Empire Company Limited has shown operational improvements and shares have risen 21% since June, but the stock now appears to be fairly valued. The company reported better-than-expected Q1 FY'25 results, with a 2.5% increase in gross profit and a 2.8% rise in adjusted EBITDA. Empire's strategic initiatives, including store renovations and digital expansion, are promising but may not drive enough organic growth to justify a higher premium.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ajit Jain is one of only two remaining vice chairmen of Berkshire Hathaway. Last week, he sold over half his Berkshire stock.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.