Criteo on Wednesday reported that Q3 revenue 2021 grew 13% year-over-year to $211 million, excluding traffic acquisition costs. The company beat consensus by $595 million, and guided Q4 2021 revenue
above analysts' estimates.
Through Thursday, Nielsen's stock closed virtually flat for the week, down 0.2% to $21.21.
Even with dings from Wall Street, they still made out OK.
A top Wall Street analyst has ended a decade-long "outperform" rating for Interpublic, downgrading it to "market perform," the same rating currently bestowed on other publicly traded agency holding
Robinhood, known for its stock trading app that made a splash during the GameStop fiasco, named Google vet Aparna Chennapragada its first chief product officer.
Citing "a renewed focus on measurement" in the wake of Google's decision to abandon "identifier" tracking and ad targeting, a major equities research firm has upgraded Nielsen shares from a "market
perform" to "outperform," a Wall Street rating it hasn't had in more than two years.
As far as industrial roadways go, Madison Avenue has lost its luster on Wall Street. That is more or less what the subject line of an email dispatch from "Campaign" magazine suggested this morning,
teasing: "Are Holding Companies Undervalued?"
Starkly divergent analyst outlooks for FuboTV have driven the stock up to $62, down to $24 and after today's Q4 preview, back up to nearly $30.
FuboTV expects a 77%- 84% increase in Q4 revenue to $94-$98 million vs. 2019 and subscriber growth to 545,000 by year's end for 2020, up more than 72% vs. 2019. Its stock rose 17% in early morning
Tuesday trading to $28.39 after the news.
Although AMC Networks' revenue declines were less than expected, analysts remained concerned about the long term. AMC's U.S. networks were down 17% to $462 million, due to ad and distribution revenue
declines of 16% and 18%, respectively.
"As the most efficient advertising vehicle for marketers looking to target 13-to-34 year-olds," Snap is "starting to see major brands embrace the platform for broad reach," writes MoffettNathanson
analyst Michael Nathanson. Total daily time spent by Snap users watching the company's shows on mobile has risen by more than 50%, according to the company.
UBS estimates Disney's net earnings will sink to $2.9 billion for fiscal year 2020 vs. $9.6 billion a year ago. UBS downgraded Disney's stock to "neutral" from "buy." The positive for Disney is that
its national TV advertising represents a much smaller piece of overall revenue exposure vs. other major media companies
The equity research team at BMO Capital Markets is maintaining ratings for the major ad agencies and media and information companies it tracks, but has lowered its stock price targets markedly for
all, especially media research giant Nielsen, which it projects will dramatically underperform its peer group competitors during the industry's downturn.
Raymond James Analyst Aaron Kessler referred to the coronavirus outbreak as a "wildfire" burning in China. Late Monday, Wall Street analysts began to release research notes and reduce Apple's revenue
and production forecasts for March and June quarters based on the company's decision to reassess guidance from the impact of the virus.
Wall Street equities research firm Pivotal Research Group has upgraded its rating for shares of Snap to a "buy" from a "hold," citing "increasing signs of momentum" from users and advertisers. "User
growth has prospectively turned the corner," Pivotal Senior Research Analyst Michael Levine writes in a note sent to investors, adding that the recent launch of Snap's Android version is going well,
and that Snap's overall product development "constitutes real innovation in augmented reality."
Industry-shifting M&A deals don't happen every day, so when something like AT&T's proposed takeover of Time Warner comes along, it bears some scrutiny on the potential impact on the rest of the
industry. That's exactly what the equities research team at UBS has done in an excellent report breaking down various scenarios for the court's June 12 ruling on the deal. This "decision tree" shows
how the UBS team handicap the positive, neutral and negative impact each ruling scenario might have on the stocks of other major industry stakeholders likely to be affected.
Citing "downside risks," Wall Street analyst Brian Wieser has downgraded his recommendation for WPP's stock to "hold" from "buy." The move follows an earlier "opportunistic upgrade" of WPPs stock he
made earlier this year.
Asserting that investor sentiment toward Nielsen is "overly negative at this point in time," Wall Street analyst Brian Wieser has upgraded the media and market researcher's stock to "buy" from "hold."
Characterizing the change as "opportunistic," Wieser implied that Nielsen's shares currently are undervalued relative to their strong fundamentals. Wieser also said he is maintaining the target price
of Nielsen shares at $35.