🍦 Wendy’s partners with Palantir?

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TOP STORY
🍦 Wendy’s partners with Palantir?

Wendy’s and Palantir, you sure?

Earlier this week, we learned that everyone’s favorite ginger-haired fast-food restaurant has been collaborating with Palantir, one of America’s premier data analytics companies.

• A little more on Palantir: the company creates software that helps organize, manage, and protect data.

• Their tools are used in many areas, like the government, military defense, and now, apparently, restaurants, to make sense of large amounts of information and help these institutions make important decisions.

I don’t think I need to explain what Wendy’s does, but these are clearly two companies you’d expect to have nothing to do with one another.

So, what could they be collaborating on? Making the Frosty more efficient. I’m serious.

Starting in August, the Wendy’s Quality Supply Chain Co-op (QSCC) began collaborating with Palantir to predict supply shortages and ensure Wendy’s 6,000 U.S. locations are stocked without maintaining high inventory levels.

Palantir’s tech even helped Wendy’s handle the massive, unexpected demand for its Frosty when prices were dropped to $1.

So, if you were ever curious about which fast-food chain would go the extra mile, Wendy’s just teamed up with a defense company just to get your Frosties to you faster.

TECHNOLOGY
😟 Is Apple losing its touch?

Wait, why would you say that? In Apple’s latest annual report, circa November 1, they revealed some pretty disheartening information to investors.

First, as any good business would, Apple mentioned their record-breaking quarterly revenue, hitting $94.9 billion (up 6% YoY), with diluted EPS at $1.64 (a 12% increase).

Bravo, Apple, but now the not-so-great news.

In the same report, Apple told investors its new products might never be as profitable as the iPhone.

Simply put, new products could make less money and hurt the company’s business and profits.

Welp, definitely not what Apple and Tim Cook stans were hoping to hear, especially not in the same week Nvidia passed Apple in market cap.

I guess it isn’t always sunshine and rainbows in Cupertino.

ENTERTAINMENT
🧟 Warner Bros. Discovery is still alive

It's not dead yet.

Warner Bros. Discovery just reported its Q3 earnings this week, and we can honestly say we are pleasantly surprised. Hmm, what to get into first?

Let’s look at the financials:

• Direct-to-consumer (DTC) sales: +9% year-over-year. 📈

• Distribution Revenue: +8% year-over-year. 📈

• Ad Sales: +51% year-over-year. 📈

• Content Revenue: -11% year-over-year. 📉

• Revenue: $9.6 billion (vs. $9.8 billion expected). ❌

• Earnings: $0.5 per share (vs. -$0.09 per share expected). ✅

So it's good and bad. How are the actual divisions doing?

Next, the Studios Segment and Networks:

• Overall Revenue -17% year-over-year. 📉

• TV Revenue: +30% year-over-year. 📈

• Video Game Sales: -31% year-over-year. 📉

• Theatrical Revenue: -40% year-over-year (due to weaker box office results from films like Beetlejuice Beetlejuice and Twisters). 📉

In the Networks division:

• Overall Revenue: +3% year-over-year. 📈

• Content Revenue within Networks: +87% year-over-year. 📉

• Ad Sales in Networks: -11% year-over-year. 📉

That’s more like it.

There's nothing like seeing a dwindling entertainment giant start to look a little more like a decent business.

I'm just kidding, but apparently, this is just the start of WBD’s comeback. CEO David Zaslav expects the company to achieve $1 billion in streaming profit by 2025.

They may be getting ahead of themselves, but I’m all for being bullish on your company, Mr. Zaslav!