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METLIFE INC 5.625% NON CUM PRD STK SER E

MET-E

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  • D
    Dolphin ResearchAug 6 at 02:01 AM

    APP: Top performer stumbles — is the 'e-comm dream' still alive?

    Historically a strong performer, $AppLovin(APP.US) turned in a rare miss. Both the quarter and guidance point to slowing revenue growth, falling short of investor expectations.

    This aligns with recent chatter that AppLovin's ad conversion has weakened. Investors are naturally raising more questions about how the competitive landscape may shift. Management now needs to address concerns, offer credible explanations, and shore up confidence.

    Specifically: 1) Growth continues to slow. Q2 revenue rose 53%, but on the underlying software trend, growth is decelerating further on a higher base. Meanwhile...

    A PP PL VI N APPLOVIN
    Applovin Advertising revenue trend in $mn 2500 Software revenue yoy 88.3% 91.2%
    Applovin Growth QoQ 30% c qoq 25% DolphinResearch DolphinRes 24.2% 20% 19.7% Dol
    grouped. Google slightly ahead this quarter, despite overall losing share. Exhib+8
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    ApplovinFinancial Analysis
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    Dolphin ResearchJul 29 at 10:45 PM

    META (Minutes: No 2027 Capex guidance; racing to build compute capacity in the next two years.

    Meta 2Q26 Earnings call

    MetaAl
    METLIFE INC 5.625% NON CUM PRD STK SER E

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    Conference MinutesMeta/Facebook
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    Dolphin ResearchApr 30 at 11:04 AM

    Single-track strategy limits Meta AI's imagination

    Hi everyone, this is Dolphin Research! $Meta Platforms(META.US) Q1 itself was not the problem; the issue is that the new guidance failed to ease fears of margin erosion. That diverged from pre-earnings chatter about tighter cost controls, which had led investors to expect spending cuts.

    At bottom, investors are again losing patience because there is still no visible second growth curve to monetize the AI story. Specifically, we note:

    1) No spending pullback; more investment ahead. META raised full-year Capex guidance by $10bn to $125–145bn, driven by higher prices for memory and other components...

    Meta A
    Meta 1(META.O) Financial Results USD in ,00mn 1Q24A 2Q24A 3Q24A 4Q24A 1Q25A 2Q25
    USD, in 100 millions 33.1% 700 600 27.3% 24.7% 262% 23.2% 484 475 23.8% 500 22.1
    Source: Company data, Dolphin Research+14
    METLIFE INC 5.625% NON CUM PRD STK SER E

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    Meta/FacebookFinancial Analysis
  • S
    StockMarket.NewsApr 12 at 06:37 AM

    Wall Street just built a weapon to destroy itself, and the names on the target list should terrify you.

    JPMorgan, Goldman Sachs, Bank of America and Barclays assembled a new index last week, one that rises in value the closer these firms get to collapse. They called it CDX Financials and they're selling it to hedge funds right now. The firms listed inside it are some of the biggest names in American finance, Blackstone, Apollo, Ares Management, MetLife, and Jefferies Financial Group. Their stocks have been in freefall since January down anywhere from 27 to 43 percent in just a few months.

    This isn't a stock market correction but rather a unwinding of a $3 trillion shadow banking system that replaced your local bank after the 2008 financial crisis. Private credit, loans made not by banks, but by these giant investment firms became the lifeblood of thousands of American companies. It was the hottest trade on Wall Street for five straight years, minting billionaires and generating returns that made traditional finance look boring. Then the losses started showing up.

    The trigger wasn't a single bank run or a housing crash but rather AI. These firms had lent hundreds of billions of dollars to software companies, and then AI started making those software companies obsolete almost overnight. Suddenly, the loans couldn't be repaid. Suddenly, the investors who had poured money into these private credit funds wanted their money back, all at once. Apollo approved only 45 cents on the dollar for investors trying to get out. Ares, Blackstone, and Blue Owl quietly capped withdrawals too. In the first quarter of 2026 alone, investors demanded $20.8 billion back, and the funds couldn't give it to them.

    Now the same banks that helped build this machine are selling the tools to tear it down. When JPMorgan and Goldman Sachs create a product specifically designed to profit from these firms failing, that is not a hedge. The people who understand the plumbing of this system best have decided it is safer to bet against it than to stand inside it. The last time Wall Street built instruments like this around a collapsing asset class, it was 2007, and the product was called a credit default swap on mortgage bonds.

    Source: StockMarket.News

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    Dolphin ResearchMar 27 at 08:39 AM

    U Surges on Strong Results; META Doubles Down on AI Race | Daily News Recap

    0327 | Dolphin Research Focus: 🐬 Macro/Industry. Trump said on Thu, Mar 26 on social media that, at Iran's request, planned strikes on Iran's energy facilities would be pushed back 10 days to 8pm ET on Apr 6.

    He had earlier moved the 48-hour ultimatum issued on Mar 21 out by five days to Mar 27. Iran denied making a direct request, saying there had only been indirect information exchanges, per today's headlines.

    Given the current setup, a substantive agreement before Apr 6 looks unlikely. Even after the extension, military escalation could still resume, and the geopolitical risk premium has not fully cleared...

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    Today’s Key News Recap