Media Stocks Q4 In Review: fuboTV (NYSE:FUBO) Vs Peers
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today we are looking at the media stocks, starting with fuboTV (NYSE:FUBO).
The advent of the internet changed how shows, films, music, and overall information flow. As a result, many media companies now face secular headwinds as attention shifts online. Some have made concerted efforts to adapt by introducing digital subscriptions, podcasts, and streaming platforms. Time will tell if their strategies succeed and which companies will emerge as the long-term winners.
The 8 media stocks we track reported a mixed Q4; on average, revenues beat analyst consensus estimates by 2.7% Valuation multiples for growth stocks have reverted to their historical means after reaching highs in early 2021, but media stocks held their ground better than others, with share prices down 0.3% on average since the previous earnings results.
fuboTV (NYSE:FUBO)
Originally launched as a soccer streaming platform, fuboTV (NYSE:FUBO) is a video streaming service specializing in live sports, news, and entertainment content.
fuboTV reported revenues of $410.2 million, up 28.5% year on year, topping analyst expectations by 3.1%. It was a strong quarter for the company, with a decent beat of analysts' revenue estimates.
fuboTV scored the fastest revenue growth of the whole group. The stock is down 24.4% since the results and currently trades at $1.57.
Is now the time to buy fuboTV? Access our full analysis of the earnings results here, it's free.
Best Q4: News Corp (NASDAQ:NWSA)
Established in 2013 after a restructuring, News Corp (NASDAQ:NWSA) is a multinational conglomerate known for its news publishing, broadcasting, digital media, and book publishing.
News Corp reported revenues of $2.59 billion, up 2.6% year on year, in line with analyst expectations. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates.
The stock is up 5.4% since the results and currently trades at $25.55.
Is now the time to buy News Corp? Access our full analysis of the earnings results here, it's free.
Weakest Q4: Scholastic (NASDAQ:SCHL)
Creator of the legendary Scholastic Book Fair, Scholastic (NASDAQ:SCHL) is an international company specializing in children's publishing, education, and media services.
Scholastic reported revenues of $323.7 million, down 0.4% year on year, falling short of analyst expectations by 1.7%. It was a weak quarter for the company, with a miss of analysts' earnings and revenue estimates.
Scholastic had the weakest performance against analyst estimates in the group. The stock is down 1.1% since the results and currently trades at $37.46.
Read our full analysis of Scholastic's results here.
Warner Bros. Discovery (NASDAQ:WBD)
Formed from the merger of WarnerMedia and Discovery, Warner Bros. Discovery (NASDAQ:WBD) is a multinational media and entertainment company, offering television networks, streaming services, and film and television production.
Warner Bros. Discovery reported revenues of $10.28 billion, down 6.6% year on year, falling short of analyst expectations by 1.3%. It was a slower quarter for the company, with a miss of analysts' revenue and EPS estimates.
Warner Bros. Discovery had the slowest revenue growth among its peers. The stock is down 10.8% since the results and currently trades at $8.5.
Read our full, actionable report on Warner Bros. Discovery here, it's free.
John Wiley & Sons (NYSE:WLY)
Established in 1807, John Wiley & Sons (NYSE:WLY) is a global leader in academic publishing, providing educational materials, scholarly research, and professional development resources.
John Wiley & Sons reported revenues of $460.7 million, down 6.2% year on year, surpassing analyst expectations by 17.3%. It was a weaker quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' earnings estimates.
John Wiley & Sons pulled off the biggest analyst estimates beat among its peers. The stock is up 14.4% since the results and currently trades at $37.9.
Read our full, actionable report on John Wiley & Sons here, it's free.
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