01:07 PM EDT, 07/24/2024 (MT Newswires) -- In its second quarter preview of Canadian Media companies, RBC believes that upward guidance revisions are a possibility for Thomson Reuters ( TRI ) (Sector Perform; US$170 Price Target) given the "exceptionally" strong start to the year in the first quarter. RBC is focused on the sustainability of incremental net sales traction within Corporates, early GenAI monetization and progress with respect to additional (and potentially larger) M&A.

Following a breakout quarter for digital advertising in the first quarter, RBC is expecting momentum at VerticalScope ( VFORF ) (Outperform; $15 Price Target) to have continued (if not accelerated) in the second quarter, driven by the confluence of multiple revenue tailwinds and the flow-through of prior period cost-efficiencies.

While the second quarter is a less meaningful, strike-impacted quarter for Cineplex ( CPXGF ) (Outperform; $13 Price Target), the page has "already turned" to a much stronger box office outlook for H2/24 and 2025 alongside what could be under-appreciated momentum at Cineplex Digital Media, writes RBC.

RBC expects Spin Master ( SNMSF ) (Outperform; $47 Price Target) to provide an update on toy industry POS and retailer inventory ahead of the seasonally important third quarter, as well as what appears to be strengthening momentum for key IP (particularly Unicorn Academy).

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