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Spotify ($SPOT) Q1 2026 Earnings: The Audio Illusion Unravels
Why 70% of new users are "empty calories" and the 33x multiple is a dangerous trap.
4 hrs ago
•
Simeon McMillan
5
2
Meta Enters the Living Room, Amazon Aggregates Oprah, and Spotify's Fitness Pivot (Accrued Interest Update 4-27-26)
$META, $AMZN, $SPOT, $PTON
Apr 27
•
Simeon McMillan
10
1
4
Accrued Interest Weekly Cypher: Apr-26-26
Vol. 3 — 2026
Apr 26
•
Simeon McMillan
6
2
Comcast's Pay-TV Bleed and YouTube's Sofa Change (Accrued Interest Update 4-23-26)
Legacy media ignores the cord-cutting reality, while SiriusXM helps Big Tech sweep up the spare change.
Apr 23
•
Simeon McMillan
7
1
Adobe’s Smoke Screen and the Warner Bros. Reality Check (Accrued Interest Update 4-22-26)
On the hollow promise of financial engineering and rewarding the $500 million failure of legacy media’s old guard.
Apr 22
•
Simeon McMillan
12
7
4
Most Popular
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Dead on Arrival: 8 Reasons the Paramount-WBD Merger Will Fail
Mar 20
•
Simeon McMillan
20
5
8
The Pokémon Theory of Media Investing
Mar 12
•
Simeon McMillan
25
5
10
Zuckerberg’s Middle-Age Metabolism: Trimming Fat to Fund Superintelligence
Mar 25
•
Simeon McMillan
20
1
12
Back to the EBITDA: Decoding Meta’s $1,116 Executive Playbook
Mar 27
•
Simeon McMillan
15
5
8
Company Deep Dives
View all
Spotify ($SPOT) Q1 2026 Earnings: The Audio Illusion Unravels
Why 70% of new users are "empty calories" and the 33x multiple is a dangerous trap.
4 hrs ago
•
Simeon McMillan
5
2
AI Tracking Employee Keystrokes Validates Meta Bull Case
Why Deep Cuts Are the Real Supercycle
Apr 21
•
Simeon McMillan
10
2
A Melting Ice Cube on Trial: Breaking Down the Nexstar-TEGNA Injunction
How a 52-page federal court order just blew up the industry's favorite growth strategy and trapped a highly-leveraged giant.
Apr 20
•
Simeon McMillan
11
2
The Mispriced Victor: Why I’m Reaffirming My $120 Netflix Target
Q1 revenue grew 16.2% despite a quiet content slate and Olympic headwinds. This isn't a slowdown; it’s a masterclass in pricing power.
Apr 17
•
Simeon McMillan
11
3
8
Stock Market Commentary
View all
Meta Enters the Living Room, Amazon Aggregates Oprah, and Spotify's Fitness Pivot (Accrued Interest Update 4-27-26)
$META, $AMZN, $SPOT, $PTON
Apr 27
•
Simeon McMillan
10
1
4
Accrued Interest Weekly Cypher: Apr-26-26
Vol. 3 — 2026
Apr 26
•
Simeon McMillan
6
2
Comcast's Pay-TV Bleed and YouTube's Sofa Change (Accrued Interest Update 4-23-26)
Legacy media ignores the cord-cutting reality, while SiriusXM helps Big Tech sweep up the spare change.
Apr 23
•
Simeon McMillan
7
1
Adobe’s Smoke Screen and the Warner Bros. Reality Check (Accrued Interest Update 4-22-26)
On the hollow promise of financial engineering and rewarding the $500 million failure of legacy media’s old guard.
Apr 22
•
Simeon McMillan
12
7
4
Media Valuation Tracker
View all
0:52
Media Valuation Tracker Update – Week of Sep 8, 2025 (Video Recap)
1 minute teaser for the 9.8 valuation update
Sep 9, 2025
•
Simeon McMillan
4
3
Media Valuation Tracker Update – Week of Sep 8, 2025
Notes on $PSKY, $GOOG, $APP and more
Sep 8, 2025
•
Simeon McMillan
6
3
Media Valuation Tracker Update – Week of Aug 12, 2025
Notes on $RDDT, $APP, $META, $GOOG, $SNAP and $NXST
Aug 13, 2025
•
Simeon McMillan
6
8
Media Valuation Tracker Update – Week of July 28, 2025
Notes on $GOOGL, $WBD and $DIS
Jul 29, 2025
•
Simeon McMillan
9
7
Podcast
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Interview: Yet Another Value Podcast and the Shifting Media Landscape
Diving deep into the Versant ($VSNT) spin-off, the streaming wars, and why audience attention trumps financial engineering.
Mar 16
•
Simeon McMillan
6
3
Interview: Decoding the Streaming Wars with Rigatoni Capital
Deep dive on why I’m buying the $NFLX dip and the structural decay of Versant ($VSNT)
Feb 2
•
Simeon McMillan
8
3
0:57
Nov Watchlist Update: Stocks to Watch for 2026
$META, $NVDA, $GOOG, $UBER, $ADBE
Nov 11, 2025
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Simeon McMillan
4
1
4
1:19
Building the Watchlist: Stocks to Watch for 2026
$ADBE, $UBER, $NVDA, $GOOG, $META
Oct 18, 2025
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Simeon McMillan
10
1
3
2:18
Understanding AppLovin's Stock Recovery After SEC Inquiry
Ignore the Shorts
Oct 8, 2025
•
Simeon McMillan
5
6
1:00
Video Recap of Nielsen’s Aug-25 TV Snapshot
1 minute video teaser
Sep 24, 2025
•
Simeon McMillan
2
1
1:45
Video Recap: Same Script, Different Cast ($WBD, $PSKY)
1 minute video teaser
Sep 19, 2025
•
Simeon McMillan
5
3
1:22
Video Recap of AppLovin's Goldman Sachs Communacopia Talk ($APP)
1 minute video teaser
Sep 12, 2025
•
Simeon McMillan
3
4
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