Fighting back: Four hot media stocks to explore in times of covid

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Fighting back: Four hot media stocks to explore in times of covid

 Fighting back: Four hot media stocks to explore in times of covid
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Summary

  • AutoWeb, Inc. (NASDAQ: AUTO) announced the acquisition of CarZeus’ assets on Aug 2, 2021. The stock has given a 37.25% YTD return.
  • Townsquare Media, Inc. (NYSE: TSQ) has a forward P/E for one year of 9.46. The stock gave a 96.47% return YTD.
  • Score Media and Gaming Inc. (NASDAQ: SCR) stock grew 45.07% YTD.

Media stocks have been hit hard in the recent past due to the pandemic disruptions. They are now looking at recovery as the economy nurses back to health and commercial activities resume. Still, some stocks saw considerable growth despite this century’s worst health crisis.

Here we discuss four stocks that have caught investors’ attention after registering good returns.

AutoWeb, Inc. (NASDAQ: AUTO) offers an online marketing platform for automakers and retailers.

AUTO has a market capitalization of US$ 43.9 million. It will release its second-quarter result on Aug 5, 2021.

Its revenue for the March quarter was US$ 17.88 million, a 27% decrease YoY. The net income was US$ 310 thousand compared to the net loss of US$ 4.06 million in the same quarter in 2020. The EPS diluted was US$ 0.02.

On Aug 2, AUTO announced the acquisition of CarZeus’ assets to boost its business in the used vehicle market. 

The company has given a 37.25% return YTD. The stock closed at US$3.12 on Aug 2, 2021.

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Source: Pixabay

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Townsquare Media, Inc. (NYSE: TSQ) is a media and entertainment company. Its market capitalization is US$ 216 million, and forward P/E for one year is 9.46.

It announced its Q2 ended June 30 results today. TSQ’s net revenue increased 45% year-over-year to US$ 107 million. Its net income was US$ 10 million compared to the net loss of US$ 26.08 million in the same quarter the previous year. Its diluted income per share was US$ 0.50, and adjusted net income per share diluted was US$ 0.53.

The stock gave a 96.47% return YTD and closed at US$ 12.3 on Aug 2, 2021.

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Score Media and Gaming Inc. (NASDAQ: SCR) provides sports betting products. Its ‘theScore’ app provides personalized live scores, news, and betting information and is popular in North America.

Its market capitalization is 904 million. Its third quarter ended May 31, 2021, media revenue was CA$ 8.9 million, 270% up year-over-year. Its total revenue was CA$ 6.4 million, with median revenue of CA$ 8.9 million partially offset by negative net gaming revenue of CA$ 2.5 million. 

Its net loss was CA$ 37 million compared to CA$ 10.7 million in the previous year Q3. The net loss per share diluted was CA$ 0.78. 

The stock grew 45.07% YTD and closed at US$ 17.55 on Aug 2, 2021.

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Electronic Arts Inc. (NASDAQ: EA) is a video game publisher. Its franchises are Madden, FIFA, Mass Effect, Battlefield, Dragon's Age, Apex Legends, and Need for Speed.

It has a market capitalization of US$ 39.9 billion, a P/E ratio of 48.84, a dividend yield of 0.47% and annualized dividend of US$ 0.68. 

It will release its Q1, FY 2022 result on Aug 4, 2021. 

For the quarter ended March 31, 2021, which was also its FY 2021 end, net revenue was US$ 5.6 billion for the year, and net income was 837 million, showing an increase of 2% in revenue and a 73% decrease in net income YoY. The EPS diluted was US$ 2.87. 

The stock gave -2.66% YTD and closed at US$ 144.11 on Aug 2, 2021.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.

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