Daily MIC: Ad-Tech Takes Center Stage At Upfronts, Day 1 Reactions; Amazon Launches 30-Min Delivery Across U.S. Cities; UMG, Sony Push for Access to WMG-Suno Contract

Research evidence excerpt

Daily MIC: Ad-Tech Takes Center Stage At Upfronts, Day 1 Reactions; Amazon Launches 30-Min Delivery Across U.S. Cities; UMG, Sony Push for Access to WMG-Suno Contract

Media, Internet & Communications Daily May 12, 2026

TMT Research Guggenheim

GSTMTResearch@guggenheimpartners.com Daily MIC: Ad-Tech Takes Center Stage At Upfronts,

Michael Morris, CFA Day 1 Reactions; Amazon Launches 30-Min Delivery michael.morris@guggenheimpartners.com

804 253 8025 Across U.S. Cities; UMG, Sony Push for Access to

Curry Baker WMG-Suno Contract curry.baker@guggenheimpartners.com

804 253 8029

Charles Wilber RELEVANT, TIMELY OPINION, ANALYSIS AND NEWS FLOW FOR TMT

charles.wilber@guggenheimpartners.com INVESTING

804 335 3977

Latest Research: Taylor Manley

taylor.manley@guggenheimpartners.com FWONA/K: Baker details reasons he remains constructive on F1 and sees possibility for 804 253 1336 return of a potential Middle East race in October

Grayson Glenn

grayson.glenn@guggenheimpartners.com SERV: Manley highlights 1Q results and is encouraged by early top-line proof-points

804 253 8053 noting he sees the company on track to achieve its 2026 and LT financial targets

Key News Flow: NFLX, AMZN, CART, DASH, UBER, FOXA, PSKY, CMCSA, DIS,

META, TikTok, PINS, WMG, UMG.AS, SONY, MSFT, GOOG/L

Ticker Price Rating

FWONA 85.07 Buy Upcoming Events:

FWONK 92.76 Buy

May 19: Serve Robotics (New York, NY) - Guggenheim Analyst Taylor Manley will be SERV 8.85 Buy

hosting a product demo/meeting with Brian Read, Chief Financial Officer and Sheldon

Hanai, Investor Relations.

May 26-27: Media Bus Tour (Los Angeles, CA) - Guggenheim Analysts Michael Morris

and Curry Baker will be hosting a series of meetings with company management and

thought leaders.