Two media stocks to explore in 2022

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Two media stocks to explore in 2022

 Two media stocks to explore in 2022
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Highlights

  • ViacomCBS Inc. (NASDAQ: VIAC) revenue surged 13% YoY in Q3, FY21.

  • Discovery, Inc. (NASDAQ: DISCA) revenue rose 23% YoY in Q3, FY21.

  • The DISCA stock gained over 7% over the past 30 days.

Mass media companies are drawing investors’ attention lately. Demand for media products has increased due to the explosion of mobile phones and rapid digitalization. Americans spend a significant amount of time daily looking for internet content, both for news and entertainment.

Here we explore two mass media stocks catching investors' attention.

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ViacomCBS Inc. (NASDAQ: VIAC) 

ViacomCBS is a diversified mass media and entertainment company based in New York.

It creates content for audiences globally. Its operations include cable networks.

Its shares traded at US$35.48 at 1:36 pm ET on January 7, up 8.44% from their previous close. The stock increased by 2.76% in the past 30 days.

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It has a market cap of US$22.96 billion, a P/E ratio of 6.94, and a forward P/E one year of 9.04. Its EPS is US$5.11. The 52-week highest and lowest stock prices were US$101.97 and US$28.29, respectively. Its trading volume was 11,555,130 on January 6.

The company's revenue surged 13% YoY to US$6.61 billion in Q3, FY21. Its net earnings came in at US$538 million, against an income of US$615 million in Q3, FY20.

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Why this two mass media stocks is gaining attention from the investors?

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Discovery, Inc. (NASDAQ: DISCA)

Discovery is a New York-based mass media company that offers content for audiences globally. Its services include pay-television, free-to-air, direct-to-consumer subscription products, etc.

The stock was priced at US$30.07 at 1:42 pm ET on January 7, up 16.91% from its previous close. The DISCA stock rose 7.03% over the past 30 days.

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The market cap of the company is US$15.26 billion, the P/E ratio is 16.05, and the forward P/E one year is 9.29. Its EPS is US$1.88.

The stock saw the highest price of US$78.14 and the lowest price of US$21.66 in the last 52 weeks. Its share volume on January 6 was 7,197,385.

The company's revenue surged 23% YoY to US$3.15 billion in Q3, FY21. Its attributable net income came in at US$156 million, or US$0.24 per diluted share, compared to US$300 million, or US$0.44 per diluted share in Q3, FY20.

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Bottomline

The media sector continues to transform with the advent of new technologies. Industry observers forecast steady growth for the industry in 2022. However, investors should exercise due diligence before investing in the stock market.

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