Question Bank › Geographic or market replication just started wo

Geographic or market replication just started working outside the home base

Calls Tested
500
Answered YES
34
Hit Rate
6.8%
rare by design

News Corporation (NWSA) — this company's answers

NO on the Q2 2016 call 2016-08-08 C+
The model's full reasoning — Q2 2016 call → NO我们根据提供的财报电话会议记录，判断管理层是否描述了“已在公司原始市场或环境中得到验证的业务，最近开始在新区块（额外地区、国家、市场或环境）产生实际成果”的模式。需要三个条件：1）有在家乡市场验证的基础；2）新区块最近有实际成果；3）新区块贡献仍小，且早期结果支持进一步扩张。 检查记录：管理层提到“Digital Real Estate”业务，包括REA（澳大利亚）和Realtor.com（美国）。REA是澳大利亚的成熟业务，而Realtor.com是美国市场。管理层说“我们的房地产网站现在在全球范围内共享软件、市场指标和列表数据”，并提到“全球房地产网络”将REA、Realtor.com、Mansion Global、PropTiger和iProperty整合。但这是否是“同一产品在第二市场复制”？REA和Realtor.com是不同市场，但都是房地产门户。管理层强调Realtor.com的复兴，但这是否是“最近开始产生实际成果”？记录中Realtor.com有用户增长、收入增长，但这是否是“新领土”？美国市场对News Corp来说不是新领土，因为News Corp本身是美国公司。REA是澳大利亚的，但News Corp是澳大利亚起源？实际上News Corp是澳大利亚起源，但后来在美国发展。这里需要仔细分析。 问题问的是“公司原始市场、领土或环境”中已证明的业务，最近在“新领土”产生实际成果。对于News Corp，原始市场可能是澳大利亚（新闻集团起源），但公司现在全球运营。数字房地产服务中，REA在澳大利亚是成熟业务，Realtor.com在美国是另一个市场。但美国对News Corp来说不是新领土，因为News Corp在美国有大量业务。然而，Realtor.com是Move的资产，是后来收购的？实际上Move是2014年收购的。但管理层说“我们的房地产网站现在在全球范围内共享软件”，并提到“全球房地产网络”将不同国家的门户整合。但这是否是“同一产品在第二市场复制”？REA和Realtor.com是不同品牌，但都是房地产门户。管理层强调Realtor.com的复兴，但这是否是“最近开始产生实际成果”？记录中Realtor.com有用户增长、收入增长，但这是否是“新领土”？美国市场对News Corp来说不是新领土，因为News Corp本身是美国公司。REA是澳大利亚的，但News Corp是澳大利亚起源？实际上News Corp是澳大利亚起源，但后来在美国发展。这里需要仔细分析。 问题问的是“公司原始市场、领土或环境”中已证明的业务，最近在“新领土”产生实际成果。对于News Corp，原始市场可能是澳大利亚（新闻集团起源），但公司现在全球运营。数字房地产服务中，REA在澳大利亚是成熟业务，Realtor.com在美国是另一个市场。但美国对News Corp来说不是新领土，因为News Corp在美国有大量业务。然而，Realtor.com是Move的资产，是后来收购的？实际上Move是2014年收购的。但管理层说“我们的房地产网站现在在全球范围内共享软件”，并提到“全球房地产网络”将不同国家的门户整合。但这是否是“同一产品在第二市场复制”？REA和Realtor.com是不同品牌，但都是房地产门户。管理层强调Realtor.com的复兴，但这是否是“最近开始产生实际成果”？记录中Realtor.com有用户增长、收入增长，但这是否是“新领土”？美国市场对News Corp来说不是新领土，因为News Corp本身是美国公司。REA是澳大利亚的，但News Corp是澳大利亚起源？实际上News Corp是澳大利亚起源，但后来在美国发展。这里需要仔细分析。 也许另一个例子：HarperCollins在多个国际市场出版，但那是收购Harlequin后。但管理层提到“Harlequin收购有助于HarperCollins在全球的影响力”，但那是收购，不是复制模型。 另一个可能：Wireless Group收购，但那是计划中，未完成。 或者：Checkout 51，但那是美国应用。 或者：Foxtel在澳大利亚，但那是本土。 或者：The Sun网站重新上线，但那是英国。 也许“Digital Real Estate”中，REA在澳大利亚是成熟，而iProperty在东南亚是收购，但管理层提到“全球房地产网络”将整合，但iProperty是收购，且刚合并。 问题要求“同一产品在第二市场复制”，且“新领土”是最近进入的。管理层提到“我们的房地产网站现在在全球范围内共享软件”，但这是整合，不是复制。 也许“Realtor.com”是Move的，但Move是收购的，不是公司自己的模型复制？但REA和Realtor.com都是房地产门户，但它们是不同实体。 我认为没有明确描述“已证明的业务在新领土产生实际成果”的模式。管理层提到“Digital Real Estate”增长，但那是整体，没有明确说REA的模型在Realtor.com上复制成功。实际上，Realtor.com是独立运营的。 因此，答案应为NO。

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Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management describe that a business already proven in the company's ORIGINAL market, territory, or setting has RECENTLY begun producing REAL RESULTS IN NEW TERRITORY — additional regions, countries, markets, or settings the company has recently entered — with management presenting the away-from-home results as early evidence that the proven model travels, while the new territories remain a small share of the company today? Answer YES when management's own words convey, in whatever form fits the business, ONE coherent pattern with all three present: (1) A HOME-PROVEN BASE: the company has an established, working business in its original market or setting, treated by management as demonstrated rather than in question; (2) AWAY RESULTS NOW REAL AND RECENT: in the recent period, the new territories or markets are actually transacting — real customers, orders, revenue, openings, volumes, or usage happening there now, described with concrete substance and recency, not merely entered, announced, or staffed; and (3) EARLY AND EXPANDING: management conveys that the new-territory contribution is still a small part of the company, that the early results support pressing further, and that continued expansion is underway or committed — so the reported results reflect mostly the home business while the replication is just beginning to layer on top. The territory may be geographic or a genuinely distinct market or setting; what matters is the same proven offering now demonstrably working in a second place. Answer NO if the away expansion is only planned, announced, or pre-revenue. NO if new territories are already the bulk of the business. NO if the away results are one immaterial anecdote. NO if expansion is chiefly by acquisition just consolidated rather than the company's own model replicating. NO if the home business itself is failing and expansion is escape. NO if the pattern appears only in an analyst's question management does not affirm. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
ASO Academy Sports and Outdoors, Inc. Q1 2024 2024-06-11 C+
LINC Lincoln Educational Services Corporation Q1 2024 2024-05-06 B+
GRBK Green Brick Partners, Inc. Q3 2023 2023-11-01 B
FSBC Five Star Bancorp Q3 2023 2023-10-31 B
TGLS Tecnoglass Inc. Q2 2023 2023-08-08 A
PTLO Portillo's Inc. Q2 2023 2023-08-05 B
PFIE Profire Energy, Inc. Q1 2023 2023-05-13 B
M Macy's, Inc. Q4 2022 2023-03-02 D
ADPT Adaptive Biotechnologies Corporation Q4 2022 2023-02-14 C+
HBB Hamilton Beach Brands Holding Company Q3 2022 2022-11-05 C
SYY Sysco Corporation Q1 2023 2022-11-01 C+
HLNE Hamilton Lane Incorporated Q1 2023 2022-08-02 C+
OGI OrganiGram Holdings Inc. Q3 2022 2022-07-14 B+
SE Sea Limited Q1 2022 2022-05-17 F
ADSE ADS-TEC Energy PLC Q4 2021 2022-04-28 D
SOPH SOPHiA GENETICS SA Q4 2021 2022-03-15 C
RELY Remitly Global, Inc. Q4 2021 2022-03-02 B
VNDA Vanda Pharmaceuticals Inc. Q4 2021 2022-02-23 F
GTES Gates Industrial Corporation plc Q4 2021 2022-02-07 C+
MOMO Hello Group Inc. Q3 2021 2021-11-30 D
SXC SunCoke Energy, Inc. Q3 2021 2021-11-01 A
LOPE Grand Canyon Education, Inc. Q2 2021 2021-08-08 C
UFI Unifi, Inc. Q4 2021 2021-08-07 B
TENB Tenable Holdings, Inc. Q2 2021 2021-07-27 A
SATS EchoStar Corporation Q1 2018 2018-05-10 C+
INST Instructure's Q4 2017 2018-02-12 B+
HOLX Hologic, Inc. Q4 2017 2017-11-08 D
IR Ingersoll-Rand Plc Q3 2017 2017-10-25 B
BIIB Biogen Inc. Q2 2017 2017-07-25 B
CNS Cohen & Steers, Inc. Q2 2017 2017-07-20 B
KHC The Kraft Heinz Company Q1 2017 2017-05-03 F
SHOO Steven Madden, Ltd. Q1 2017 2017-04-21 C
MDLZ Mondelez International, Inc. Q4 2016 2017-02-07 C
GOGO Gogo Inc. Q1 2016 2016-05-06 C+

How the model reasoned

RELY · Q4 2021 → YESThe question is about whether management describes a business proven in the original market that has recently begun producing real results in new territories, with those new territories still a small ...YES The transcript shows management describing a home-proven base in the US (original market), with away-from-home results in new territories (outside the US) now real and recent—$120 million revenue in 2021, up from $58 million in 2020, across expanded corridors (over 2, 100 total, with 700+ new last year). These new territories remain a minority share at 26% of total revenue, described as early-stage investments supporting long-term growth via localization in unlaunched geographies, with the model replicating through the same playbook.
LOPE · Q2 2021 → YESThe question is about whether management describes a business proven in the original market that has recently begun producing real results in new territory, with all three elements: home-proven base, ...NO The transcript shows Orbis as an acquired business (29 months ago) that management is now expanding through new partnerships and sites in additional territories. This does not meet the criteria because the expansion is chiefly by acquisition and consolidation rather than the company's own model replicating independently in new territories. The away results are real and recent 4,210 enrollments up 13.2%, but the pattern does not fully align with the required home-proven base and early expanding replication of the original model.
TENB · Q2 2021 → YESThe question is about whether management describes a business proven in the original market that has recently begun producing real results in new territories, with those new territories still a small ...YES Management describes a home-proven base in traditional IT/VM, with recent real results in OT (six-figure cross-sell win at a large public utility, early deployments successful) and AD (early stages with successful traction), plus EMEA outperformance. These new settings remain small contributions today, with management framing 2024 investments as support for continued expansion of the proven model.

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.