Accrued Interest
Simeon McMillanHigh-conviction stock research from a media executive with a +3,400% track record (2016-2024). Institutional-grade analysis of US media stocks, value investing, and market trends.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 112 | Subscribers | Read | accruedint.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
The Street Missed the Q1 Signal: Why Meta’s AI Engine is Worth Every Penny
Accrued Interest TLDR: Wall Street balked at Meta’s staggering $125–$145 billion CapEx guidance, sending shares down nearly 10% after-hours. However, Meta is achieving the holy grail of digital advertising: effectively raising prices and im...
Spotify ($SPOT) Q1 2026 Earnings: The Audio Illusion Unravels
Accrued Interest TLDR: Spotify’s stock plummeted 13% post-earnings, and the sell-off is completely justified. While Q1 operating income and free cash flow beat expectations, the underlying growth engine is stalling. Q2 subscriber guidance m...
Meta Enters the Living Room, Amazon Aggregates Oprah, and Spotify's Fitness Pivot (Accrued Interest Update 4-27-26)
Accrued Interest TLDR: In today’s update, I explore Meta’s aggressive push into Connected TV (CTV) advertising, which proves once again that no legacy ad budget is safe from the digital giants. I also break down Amazon’s strategic licensing...
Accrued Interest Weekly Cypher: Apr-26-26
Welcome to Volume 3 of the Accrued Interest Weekly Cypher! Consider this your “in-case-you-missed-it” digest for catching up over the weekend, featuring all the analysis and commentary I shared throughout the past week.
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Authors
The writers behind this newsletter.
Ex-Media Exec & Wall St. alum. Achieved a +3,400% return (2016-24) applying private equity rigour to public markets. I write Accrued Interest, a research letter for serious investors.
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