AMZN News & Events

"Odds On" is The Fly's weekly series diving into the most interesting bets on events trading platforms like Polymarket, Kalshi, and Robinhood. Subscribers, add $EBET to your Fly portfolios for alerts on news about events trading.BACKGROUND:GameStop'sproposed acquisition of eBaywas announced on May 3. GameStop, whose market value is far smaller than eBay's, offered about $55.5B in a half-cash, half-stock deal valuing eBay at $125 per share. The proposal was unsolicited and non-binding. The effort is being driven by GameStop CEO Ryan Cohen. Cohen argues that combining GameStop's retail footprint with eBay's online marketplace could create a stronger e-commerce and collectibles platform capable of competing more directly with Amazon. He specifically pointed to GameStop's stores as potential authentication, fulfillment, and live-commerce hubs for trading cards, gaming hardware, and other collectibles. As of now, eBay has acknowledged receiving the proposal but has not agreed to a deal. Cohen has suggested he could pursue a proxy fight and appeal directly to shareholders if eBay's board rejects the offer outright.THE BET:Kalshi offers "Will GameStop acquire eBay this year?" with a total volume of $331,119. Traders on Kalshi are pricing in a 21% chance of GameStop acquiring eBay this year. The "Yes" contract was last trading at 22c, while the "No" contract stood at 79c.Meanwhile, Polymarket has the market "Will GameStop acquire eBay?" with a total volume of $261,274. There is currently a 15% chance of GameStop acquiring eBay. The "Yes" contract was last trading at 15c, while the "No" contract stood at 86c.THE RULES:This market will resolve to "Yes" if it is officially announced that eBay will be, has been, or is being acquired by or merged with GameStop, by December 31, 11:59 PM ET, according to Polymarket. Otherwise, this market will resolve to "No". Mergers or acquisitions involving eBay or its parent company, eBay Inc., and GameStop or its parent company, will qualify. An announcement by eBay or GameStop within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs. Announcements of partial sales may count, as long as GameStop acquires a controlling interest in eBay. A "controlling interest" refers to a change in ownership sufficient to control the company's strategic decisions. Transactions or investments that do not result in a transfer of controlling interest will not count. The primary resolution source for this market will be official information from eBay and GameStop; however, a consensus of credible reporting may also be used.

"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.DISNEY RESULTS:This week, Disneyreported better-than-expected Q2 earnings and revenue. Of note, Disney Entertainment subscription and affiliate revenues grew 14% compared to the prior-year quarter, with the Fubo transaction contributing 5%. Disney Entertainment advertising revenues grew nearly 5% compared to the prior-year quarter, with the Fubotransaction contributing more than 1%. "This growth reflects our expanding streaming revenues more than offsetting our declining linear revenues," the company said. "We currently generate more Entertainment subscription and affiliate fees and advertising revenues from SVOD than linear TV, and we expect the mix shift from linear toward streaming to continue." Looking ahead, the company said it continues expect double-digit growth in adjusted EPS in fiscal 2027, excluding the impact of the 53rd week.WARNER BROS. DISCOVERY RESULTS:Warner Bros. Discoveryalso reported quarterly results this week, with Q1 revenue in line with consensus estimates but GAAP earnings missing. Warner Bros. noted that the sharp net loss for the quarter includes a $2.8B termination fee to Netflix.Of note, the company said it is "on track" to surpass 150M HBO Max subscribers by year-end. "Over the last four years, we have consistently reiterated the imperative to scale HBO Max as a global streaming service," the company said. "Today, that vision has been successfully achieved. We launched HBO Max in the U.K. and Ireland on March 26th, following strong launches in Germany and Italy at the beginning of the year. With these launches, HBO Max is now available in all of our key target markets globally, and the multi-year international rollout of HBO Max is largely complete. While these recent launches represent a significant expansion of HBO Max's global availability, we also see substantial runway for continued penetration growth in existing markets driven by the core of our product, which remains high-quality content that inspires consumer demand and engagement. Fueled by global tentpole titles like A Knight of the Seven Kingdoms and The Pitt, our increasing investment in local language content such as Like Water for Chocolate and Dona Beja, and access to marquee events like the 2026 Olympic Winter Games, we meaningfully exceeded our guidance of more than 140 million global streaming subscribers at the end of the first quarter. With ongoing momentum, we are on track to surpass 150 million global subscribers by the end of 2026."IAC/DILLER:IACChairman Barry Diller said he would be willing to acquire CNN, arguing the network is underinvested and in need of innovation in both its digital and broadcast offerings, while expressing confidence that it remains a strong asset if modernized, The Wall Street Journal's Cara Lombardo reported. CNN is owned by Warner Bros. Discovery, which Paramount Skydanceagreed to buy in an $81B deal earlier this year. Diller said he would "absolutely" buy CNN, saying at the WSJ's Future of Everything Festival that "I would do it tonight and tomorrow night. Before they ruin it any further. Hopefully before it's extinct, which, I mean, it's not gonna be."PARAMOUNT RESULTS:On Monday, Paramount Skydance reported upbeat Q1 results but provided a conservative revenue outlook for Q2, with the company noting that the Warner Bros. Discovery deal is "on track" to close in Q3. Looking to streaming, Paramount said that DTC revenue grew 11% year-over-year to $2.4 B, led by 17% growth at Paramount+, which added 700,000 subscribers, or 1.9M excluding the exit of international hard bundle subscribers. The company added that it continues to expect accelerating DTC revenue and profit in 2026.FUBO RESULTS:Meanwhile, FuboTV reported mixed Q2 results this week, though it reiterated its "confidence" in its FY26 adjusted EBITDA target of at least $300M. "Looking ahead, we are making progress on multiple new integrations with Disney, leveraging the content portfolios of Fubo and Hulu + Live TV, which are expected to drive sustained subscriber, revenue and Adjusted EBITDA growth while delivering on the consumer promise of our business combination," the company said.AMC NETWORKS RESULTS:AMC Networksreported lower-than-expected Q1 adjusted earnings per share, though revenue beat consensus. Looking ahead, the company reiterated its FY26 revenue outlook. Commenting on the quarter, CEO Kristin Dolan said, "AMC Global Media delivered another quarter of double-digit streaming revenue growth and robust free cash flow generation. We are tracking to plan across all key metrics and are pleased to reiterate our financial outlook for the year. During this changing time in media, we continue to follow our own differentiated playbook as a studio-driven owner of world-class IP, fully distributed across a wide range of owned and partner platforms."NETLIX/NFL:Netflix is near a deal with the National Football League that appears likely to include the week one game in Australia, a game the day before Thanksgiving, and the Christmas games, Puck News' John Ourand reported Thursday.PRIME VIDEO CLIPS:On Friday, Amazonsaid that Prime Video is bringing a new way to experience content on your phone. Clips-a scrollable, short-form video feed that first launched with NBA highlights on the NBA collection page during the 2025-26 season - is expanding to include moments from movies and series across the Prime Video experience. "As a first-stop entertainment destination, Prime Video offers customers a vast selection of premium content, and we want to make it as easy and seamless as possible for them to discover what's most relevant," said Brian Griffin, director of global application experiences at Prime Video. "Clips gives customers a whole new way to browse with short, personalized snippets tailored to their interests. Whether they have a few minutes to scroll or are looking for something to watch when they have more time, entertainment is just a tap away."STOCK PLAYS:Other publicly traded companies in the space include Comcast, Fox, Apple, and Roku.

Amazon said that Prime Video is bringing a new way to experience content on your phone. Clips-a scrollable, short-form video feed that first launched with NBA highlights on the NBA collection page during the 2025-26 season - is expanding to include moments from movies and series across the Prime Video experience. "As a first-stop entertainment destination, Prime Video offers customers a vast selection of premium content, and we want to make it as easy and seamless as possible for them to discover what's most relevant," said Brian Griffin, director of global application experiences at Prime Video. "Clips gives customers a whole new way to browse with short, personalized snippets tailored to their interests. Whether they have a few minutes to scroll or are looking for something to watch when they have more time, entertainment is just a tap away." Clips joins a series of recent improvements to the Prime Video mobile experience. These include a refreshed home page that auto-plays trailers as customers browse, vertical images designed for phone screens that allow customers to see up to 50% more titles on their screen, and a redesigned player that makes it easier to explore new titles, cast details, and trivia without interrupting the viewing experience.

Stocks were broadly higher near noon after the April jobs report beat forecasts. Chip stocks are rebounding after yesterday's pause, helping lift the Nasdaq back toward record territory. Oil briefly pushed back above $100 after renewed U.S.-Iran clashes in the Strait of Hormuz, but equities have largely treated each flare-up as temporary noise.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiawillin Irenand announced a partnership between the two companiesExpediareported, affirmed its FY26 revenue guidance, and announced a new $5B stock buyback authorizationAkamaireportedand provided its outlook for Q2 and FY26Blockprovided areport for Q1Toyotareported a year-over-year2. WALL STREET CALLS:BofAHubSpotto Underperform, while Citi, William Blair and Cantor Fitzgerald also downgraded HubSpot to Neutral-equivalent ratings after the company's Q1 results and commentaryDaiwaQualcommto OutperformWells FargoNiketo Equal WeightMorgan Stanley, TD Cowen and BofAPlanet Fitnessto Neutral-equivalent ratingsCraig-HallumAkamaito Buy3. AROUND THE WEB:Meta'sAI push is causing anger and anxiety among the company's employees, NY Times reportsAmazonhas experienced a cloud outage at its north Virginia data center, Reuters reportsAnthropic is weighing a deal for a nearly $1T valuation, FT reportsThe U.S. suspects Nvidiachips were smuggled tot Alibabavia Thailand, Bloomberg reportsSoftBankhas downsized plans for a $10B margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg says4. MOVERS:Monster Beveragehigher afterArlo Technologiesrises afterand reiterating its FY26 outlookRocket Lab USAgains after providing anCloudflarelower after providing abut also announcing 1,100 layoffsCoreWeavefalls after reporting5. EARNINGS/GUIDANCE:Yelpand reiterated its FY26 revenue outlookGrouponreportedCoinbasereported a sharp drop inWendy'sreportedTexas Roadhousereportedand affirmed its FY26 store growth outlookINDEXES:Near midday, the Dow was up 0.07%, or 34.97, to 49,631.94, the Nasdaq was up 1.35%, or 348.00, to 26,154.20, and the S&P 500 was up 0.76%, or 56.03, to 7,393.14.