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Highlights
- Trade Desk, Inc. (NASDAQ:TTD) reported a 43% jump in revenue YoY in fiscal 2021.
- ViacomCBS Inc. (NASDAQ:VIAC) is changing its name to Paramount Global. Its revenue rose 13% YoY to US$28.56 billion in fiscal 2021.
- TTD stock fell 7.33% in one year, while VIAC fell 39% in the same period.
Shares of technology company Trade Desk Inc (NASDAQ:TTF) and mass media firm ViacomCBC Inc (NASDAQ (VIAC) plunged more than 5% and 20%, respectively, in intraday trading on Wednesday after reporting fourth-quarter and fiscal 2021 results.
The sharp fall comes after the companies reported significant revenue growth last year.
Here is a look at their quarterly and annual results.
The Trade Desk, Inc. (NASDAQ:TTD)
Its stock fell 5.93% to US$75.745 at 10:46 am ET after the results on Wednesday. The technology company provides a cloud-based platform to ad-buyers.
Fourth quarter:
Its revenue was US$395.6 million, up 24% YoY in the quarter. The net income was US$8 million or US$0.02 per share diluted against US$151.9 million or US$0.31 per share diluted a year ago.
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Full-year FY2021:
Revenue increased by 43% YoY to US$1,196 million, and the net income came in at US$137.8 million in FY21. Its EPS diluted was US$0.28, and non-GAAP EPS diluted was US$0.91.
The company said it retained around 95% of its customers last year. The company had partnered with Publicis, Xandr, Throttle, FuboTV, Acuity Ads, AMC Networks, Snowflake, etc., to advance its business, and launched a new media trading platform called Solimar in July.
It also announced a partnership with Walmart to launch a new DSP-based platform in the first quarter of FY 2022.
Outlook for first quarter FY 2022:
The company expects revenue of at least US$303 million and adjusted EBITDA of around US$91 million in the first quarter. The Trade Desk’s current market capitalization is US$34.8 billion, with a P/E ratio of 127.11.
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Source: Pixabay
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ViacomCBS Inc. (NASDAQ:VIAC)
It declared its Q4 and full-year FY2021 results during the extended-hours trading on Tuesday.
Fourth quarter:
Viacom added 9.4 million global streaming subscribers in the quarter, led by Paramount+ and saw 84% growth YoY in the streaming subscription revenue.
The revenue was US$8 billion, up 16% YoY in the quarter, beating estimates, according to EODHD/Others. The streaming revenue rose 48% YoY to US$1.3 billion.
The operating income rose to US$2.66 billion from US$1.08 billion a year earlier. The EPS diluted was US$3.05, and the adjusted EPS diluted was US$0.26.
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Full-year FY2021:
The revenue came in at US$28.56 billion, up 13% YoY, and the operating income was US$6.29 billion. The EPS diluted grew 79% to US$6.69 from US$3.73 per share diluted in FY2020.
The adjusted EPS was US$3.48, compared to US$4.20 in FY2020.
On Tuesday, ViacomCBS announced to change its name to Paramount Global, effective from Wednesday, and unveiled plans for new content, products, and international expansion.
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The global media company owns CBS, MTV, Comedy Central, Nickelodeon and other networks. It aims to add 100 million DTC subscribers and generate US$9 billion in revenue by 2024.
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ViacomCBS Inc’s current market capitalization is US$18.3 billion, and the P/E ratio is 4.09. Its stock slid 21.35% to US$28.305 at 10:46 am ET on Wednesday.
Bottomline
The TTD stock fell 7.33% in one year, while VIAC fell 39% in the same period. The stock market has been volatile lately. Investors should carefully evaluate the companies before investing in stocks.
