And the central bank is said to be leading discussions around establishing a joint venture with local technology giants to oversee the lucrative data they collect from hundreds of millions of consumers, which would be a significant escalation in regulators’ attempts to tighten their grip over the country’s internet sector.“The high fine puts the regulator in the media spotlight and sends a strong signal to the tech sector that such types of exclusionary conduct will no longer be tolerated,” said Angela Zhang, author of “Chinese Antitrust Exceptionalism” and director of the Centre for Chinese Law at the University of Hong Kong. For example, TipRanks.com says that 18 analysts have an average price target of just $60.68. SpotX total preliminary non-GAAP net revenue (1) (2) for 2020 was $116 million, of which $67 million was CTV Purchase price consists of $560 million … Fourth Quarter 2020 Results Conference Call and Webcast. Earlier this year, backed by BYD and Great Wall Motor, Horizon Robotics raised $900 million in a Series C round. Consumer Brands Are Getting Squeezed by China Tensions. Magnite is targeting in excess of $35 million in run-rate operating cost synergies, with more than half of the synergies realized within the first year of combined operations. Adjusted EBITDA provides a measure of consistency and comparability with our past performance that many investors find useful, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. (412) 902-6511 (for international callers), investor.magnite.com under "Events and Presentations", (412) 317-0088 (for international callers). The company has agreement in principle on pricing and syndication for a seven-year, $360M senior secured term … This represents a potential gain of $14.29 or about 26% more based on today’s price of $55.87. BlackRock (ticker: BLK) on Thursday launched the (LCTU) and the (LCTD), which are benchmarked to the Russell 1000 index and the MSCI World ex-USA index, respectively. The agreement implies an enterprise value (100 per cent) for SpotX of €977 million, based on the closing price of Magnite stock as of February 4th 2021. Ad-supported CTV is just beginning to draw budgets from linear TV and we will be well-positioned to participate in the strongest segment of industry growth for the foreseeable future. Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. SpotX is the trusted video advertising platform, enabling the world's largest media owners to monetize content & helping advertisers access premium inventory. Ad tech company Magnite is buying SpotX in play to deepen its strength in streaming TV Ad tech company Magnite is acquiring SpotX, a platform for connected TV and video advertising, for $1.17 billion in cash and stock. Gibson Dunn provided legal counsel to Magnite. Beijing regulators wrapped up their landmark probe in just four months, compared with the years that such investigations take in the U.S. or Europe. Adjusted EBITDA does not reflect changes in our working capital needs, capital expenditures, non-operational real estate expenses or income, or contractual commitments. What To Do With XOM Stock Most analysts have higher price targets for Exxon stock, but not by much. Analysts predict sales of $245.5 billion for 2021, so the price target works out to $306.875 billion. Without limiting the foregoing, any guidance we may provide will generally be given only in connection with quarterly and annual earnings announcements, without interim updates, and we may appear at industry conferences or make other public statements without disclosing material nonpublic information in our possession. Exxon Mobil Will Keep Paying Its Dividend, And May Be Worth 30% More, Maxing Out Your 401(k) and What to Do Next, Fourth stimulus check: Lawmakers press Biden to say yes to more payments, People are flocking to the reopened Obamacare marketplace — and saving big, Stimulus check update: When will ‘plus-up’ payments arrive? In addition to our GAAP results, we review certain non-GAAP financial measures to help us evaluate our business, measure our performance, identify trends affecting our business, establish budgets, measure the effectiveness of investments in our technology and development and sales and marketing, and assess our operational efficiencies. Applying Morningstar’s 5-year avg. Magnite Stock Rises Over 20% on Its $1.17 Billion Deal for SpotX The advertising platform also reported preliminary Q4 2020 results with a nearly 20% advance in revenue. Goldman Sachs and LUMA Partners acted as financial advisors to Magnite and Goldman Sachs is providing committed financing for the transaction. The president is being urged to roll more direct aid money into his infrastructure bill. For example, Morningstar reports that over the past 5 years, its trailing 5-year dividend yield has been 4.96% (almost 5%).InvestorPlace - Stock Market News, Stock Advice & Trading Tips We can use this to estimate the normalized target value for XOM stock. 1 month ago - CNBC Magnite Set To Acquire SpotX In $1.17B Deal To Create Largest Independent Video Advertising Platform You are encouraged to evaluate these adjustments, and review the reconciliation of these non-GAAP financial measures to their most comparable GAAP measures, and the reasons we consider them appropriate. Cash and carry traders seek to profit from the spread between bitcoin's price in futures and spot markets. Until the transaction closes, both companies will continue to operate independently. The launches, after a record number of billion-dollar disasters in 2020, show that sustainable investing is “mainstream,” particularly as countries and companies adopt net-zero carbon emissions targets in concordance with the Paris agreement on climate change, says Carolyn Weinberg, BlackRock’s head of product for its ETF operation, iShares. The online lessons startup’s early investors include Facebook founder Mark Zuckerberg’s Chan-Zuckerberg Initiative, Naspers Ltd. and Tiger Global Management.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- After China imposed a record antitrust fine on Alibaba Group Holding Ltd., the e-commerce giant did an unusual thing: It thanked regulators.“Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to our development,” the company said in an open letter. It is very important to do your own analysis before making any investment. Looking at the wider picture, Yu believes it is all part of an effort by the industry/government to lower the dependence on foreign chips. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. A handful of retailers and apparel makers have encountered a backlash in China in recent weeks, and more could soon be in the same boat. Minutes of a conference call with the Debt Management Office last month revealed investors asked for more of the bonds because there isn’t enough to go around. SpotX is known as one of the leading platforms shaping CTV and video advertising globally. These ratios are based on earnings and sales estimates provided by Seeking Alpha on their Earnings tab for Exxon Mobil stock. Spotify shares closed 2% higher at $257.69 on Tuesday. Half-a-dozen companies announced unicorn-level capital raises earlier this week. Please see the discussion in the section called "Non-GAAP Financial Measures" and the reconciliations included at the end of this press release. Similarly using the Morningstar forward P/E average of 21.75 times Exxon’s $3.88 EPS for 2022 produces a target price of $84.39. Magnite (Nasdaq: MGNI) — the largest independent sell-side advertising platform – recently announced it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. For example, if we divide the dividend per share of $3.48 by the average yield of 4.96%, the result is a target price of $70.16 per share. Similarly, Yahoo! SpotX total preliminary non-GAAP net revenue (1)(2) for 2020 was $116 million, of which $67 million was CTV ; Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021 These limitations include: Stock-based compensation is a non-cash charge and will remain an element of our long-term incentive compensation package, although we exclude it as an expense when evaluating our ongoing operating performance for a particular period. These non-GAAP measures include, but are not limited to, non-GAAP net revenue and Adjusted EBITDA, each of which is discussed below. We define non-GAAP net revenue as GAAP revenue less amounts paid to sellers that are included within cost of revenue for the portion of our revenue or SpotX’ revenue, as applicable, that is reported on a gross basis. Sie können Ihre Auswahl jederzeit ändern, indem Sie Ihre Datenschutzeinstellungen aufrufen. Moreover, the dividend yield is 6.15%. Adjusted EBITDA does not reflect non-cash charges related to acquisition and related items, such as amortization of acquired intangible assets, merger related severance costs, and changes in the fair value of contingent consideration. Sie können 'Einstellungen verwalten' auswählen, um weitere Informationen zu erhalten und Ihre Auswahl zu verwalten. And the world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Cowen and company in their latest report said they continue to believe that Delta Airlines will report a loss this year unless there is a significant recovery of international and corporate traffic in the second half, which seems highly unlikely amid the fourth wave of coronavirus infections. Here Are 14 to Watch. The purchase price consists of €468 million in cash and 14.0 million shares of Magnite stock. The company expects the transaction to close in the second quarter of 2021, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. “Industry sources indicate XPeng is actively recruiting chip engineers,” said Deutsche Bank’s Edison Yu, who believes this suggests “there are plans to grow this effort moving forward.” “In our view,” Yu further noted, “We do not expect any near-term changes as both XPILOT 3.5 and 4.0 will use Nvidia chips (Xavier and Orin), but believe similar to Tesla/NIO, XPeng wants to ultimately use a custom designed chip purpose built to train its neural net (to use in XPILOT 5.0) rather than a general purpose chip, in order to maximize performance/ efficiency and lower cost.” Yu thinks local rival Nio, is “likely” fast at work on a similar project after poaching Xiaomi's chip division manager. Magnite to Acquire SpotX Deal Creates Largest Independent CTV & Video Advertising Platform * Full year 2020 combined company estimated non-GAAP net revenue would have been $350 million on … What to Know. Morningstar says this is 1.25 times over the last five years. But in the year since, Magnite’s stock price soared, going up 600% in a single year. But next year analysts predict EPS of $3.88 per share, which will cover the dividend, assuming oil and gas prices stay high. Exxon Mobil Corp. (NYSE:XOM) is not going to lower its dividend no matter what it costs the company. (See XPEV stock analysis on TipRanks) To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. SpotX total preliminary non-GAAP net revenue (1)(2) for 2020 was $116 million, of which $67 million was CTV. Here’s what you need to know about 2021 COVID-relief payments and more. Non-GAAP net revenue does not represent revenue reported on a GAAP basis. Forward-looking statements may include, but are not limited to, statements concerning the proposed acquisition of SpotX and/or the anticipated benefits thereof; completion of the proposed acquisition of SpotX on anticipated terms and timing; potential impacts of the COVID-19 pandemic on our business operations, financial condition, and results of operations and on the world economy; our anticipated financial results; strategic objectives, including our focus on connected television ("CTV"), mobile, video, header bidding, Demand Manager, identity solutions and private marketplace opportunities; investments in our business; development of our technology; the elimination of third-party cookies and the shift to a publisher focused identity regime; industry growth rates for ad-supported CTV and the shift in video consumption from linear TV to CTV; introduction of new offerings; the impact of our traffic shaping technology on our business; scope and duration of client relationships; the fees we may charge in the future; business mix and expansion of our CTV, mobile, video and private marketplace offerings; sales growth; client utilization of our offerings; our competitive differentiation; our market share and leadership position in the industry; market conditions, trends, and opportunities; certain statements regarding future operational performance measures including ad requests, fill rate, paid impressions, average CPM, take rate, and advertising spend; benefits from supply path optimization; and other statements that are not historical facts. The production started a few months ago and is taking place in both the US and China. If you've already maxed out your Roth IRA this year but want to stash away more for retirement, here are five other places to put your money. At $49.50, the average price target implies upside potential of 43.5%. Find the latest Magnite, Inc. (MGNI) stock quote, history, news and other vital information to help you with your stock trading and investing. We discuss many of these risks and additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in filings we have made and will make from time to time with the Securities and Exchange Commission, or SEC, including our Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q for 2020. I am thrilled about what we will achieve together. The 39-year-old former teacher and son of educators said the pandemic has dramatically improved attitudes about online learning among teachers, students and parents.The startup’s K-12 learning app has more than 80 million registered users in India, who mainly learn simplified math and science concepts through animated games and videos.It is now branching into offline exam preparation as well as one-on-one lessons in coding and math in global markets including the U.S., Latin America and Australia. Depreciation and amortization are non-cash charges, and the assets being depreciated or amortized will often have to be replaced in the future, but Adjusted EBITDA does not reflect any cash requirements for these replacements. ", "As CTV flourishes and the media industry continues to turn to programmatic, there is a huge opportunity for an independent scaled company to offer the single most comprehensive technology in the market," said Mike Shehan, Co-Founder and CEO at SpotX. That works out to $3.48 per share each year. XPeng to Produce Its Own Chips; Analyst Weighs In. Answers to your COVID relief questions, Traders Opting for Cash and Carry Strategy as Bitcoin’s ‘Contango’ Widens, Delta Airlines to Report Loss in 2021, Unless There is Significant Recovery in Traffic: Cowen. Deal Creates Largest Independent CTV & Video Advertising Platform, Full year 2020 combined company estimated non-GAAP net revenue would have been $350 million on a pro forma basis(1)(2), Combined company Connected TV (CTV) & video net revenue would have represented approximately 67% of total company preliminary non-GAAP pro forma net revenue(1)(2) in Q4 2020, On a combined basis, the CTV business would have nearly tripled to $42 million in Q4 2020 versus Magnite standalone, or approximately 34% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2), The non-CTV video business of the combined company would have represented approximately 33% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2), SpotX total preliminary non-GAAP net revenue(1)(2) for 2020 was $116 million, of which $67 million was CTV, Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021, Magnite’s preliminary results for Q4 2020 include, GAAP Revenue of $82 million, up 69% on an as-reported basis, and up 20% on a pro forma basis from Q4 2019, with CTV revenue of $15.3 million, up 53% on a pro forma basis(1), Net income of $5.8 million and Adjusted EBITDA(3) of $29.9 million, representing a 36% adjusted EBITDA margin(4). A reconciliation of net loss to Adjusted EBITDA is included at the end of this press release. “Timing is … Do this now. On February 4, 2021, Magnite entered into a Stock Purchase Agreement with RTL US Holding, Inc. to acquire 100% of the issued and outstanding shares of capital stock of SpotX, Inc., a Delaware corporation, for a purchase price equal to $560 million in cash plus 14 million shares of Magnite’s common stock, subject to adjustment as set forth in the following sentence. That point came out loud and clear from the company’s latest earnings conference call. Our management uses Adjusted EBITDA in conjunction with GAAP financial measures for planning purposes, including the preparation of our annual operating budget, as a measure of performance and the effectiveness of our business strategies, and in communications with our board of directors concerning our performance. 7 Infrastructure Stocks Excited For The $2 Trillion Biden Plan We can do the same thing with the company’s earnings-per-share (EPS). One thing to note is that although the $3.48 dividend exceeds the forecast earnings of $2.87 this year (2021). The estimates can vary depending on which aggregation service is used. Magnite on Feb. 5 announced the acquisition of SpotX, a video advertising platform from RTL Group for $1.17 billion in a cash and stock transaction. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by GAAP revenue. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Exxon Mobil Will Keep Paying Its Dividend, And May Be Worth 30% More appeared first on InvestorPlace. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. Likewise, the acquisition will make it easier for brands and agencies to buy premium CTV inventory at scale with standard features and a single, addressable pool of audiences. The content is intended to be used for informational purposes only. Investors should read this press release and the documents that we reference in this press release and have filed or will file with the SEC completely and with the understanding that our actual future results may be materially different from what we expect. Americans have tons of questions about their stimulus checks and 2020 taxes. The Company will host a conference call on February 24, 2020 at 1:30 PM (PT) / 4:30 PM (ET) to discuss the results for its fourth quarter of 2020. We qualify all of our forward-looking statements by these cautionary statements. To this end, Yu rates XPEV shares a Buy along with a $48 price target. RTL Group’s shareholders will benefit from the cash proceeds in line with the stated dividend policy. A spokeswoman for Byju’s declined to comment on the fundraising.Byju Raveendran, the education company’s founder and chief executive officer, said in an interview earlier in the week that the platform is looking to make acquisitions to quicken the pace of growth in markets like the U.S. In other words, XOM stock is worth nearly 30% more or $72.46 per share. Mark Zuckerberg and Tim Cook would likely not express such public gratitude if the U.S. government were to hit Facebook Inc. or Apple Inc. with record antitrust fines.But almost everything about China’s regulatory push is out of the ordinary. Now we have three different price targets based on dividend yield and price-to-earnings. Although Adjusted EBITDA is frequently used by investors and securities analysts in their evaluations of companies, Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results of operations as reported under GAAP. That means that, on average, XOM stock is worth about 34% higher, or $75.14 per share. Magnite’s preliminary results for Q4 2020 include According to Chinese news outlet 36kr, using a small team of less than 10 engineers, the Chinese EV maker is developing its own autonomous driving chip. Target Price Based on Historicals Moreover, based on the company’s historical dividend yield, this is much higher than its average. 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To round things out we can also derive a price based on its historical price-to-sales. The 5-year-old, local start-up was recently selected by SAIC (GM and VW’s main JV Chinese partner) to supply its ADAS/AD chipset. Any way that you look at it, XOM stock looks like a good bargain here, assuming oil stays high and the stock returns to its normal historical value metrics. SpotX is one of the leading platforms shaping CTV and video advertising globally. And the shock of the crackdown will continue to resonate with peers from Tencent Holdings Ltd. and Baidu Inc. to Meituan, forcing them to tread far more carefully on business expansions and acquisitions for some time to come.What Bloomberg Intelligence SaysChina’s record fine on Alibaba may lift the regulatory overhang that has weighed on the company since the start of an anti-monopoly probe in late December. RECONCILIATION OF REVENUE TO PRO FORMA NON-GAAP NET REVENUE, Less amounts paid to sellers reflected in cost of revenue, RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA, Depreciation and amortization expense, excluding amortization of acquired intangible assets, Non-operational real estate expense (income), net, View source version on businesswire.com: https://www.businesswire.com/news/home/20210204006217/en/, Investor Relations Nick Kormeluk949-500-0003nkormeluk@magnite.com, Media Relations Charlstie Veith516-300-3569cveith@magnite.com. It also cited dealers reporting strong demand for the longest-dated gilts.The success of Britain’s vaccination roll-out and plans to gradually reopen the economy have pressured gilts, lifting 50-year yields to their highest since 2019 last month. It will need to submit reports on self-regulation to the authority for three consecutive years.Alibaba said it will hold a conference call Monday morning Hong Kong time to address the antitrust watchdog’s decree. But this gives you an idea that XOM stock is undervalued based on its historical metrics. Non-GAAP net revenue would represent our revenue if we were to record all of our revenue on a net basis. Horizon is targeting the shipment of 1 million chips this year and Yu believes it is a good example of the local industry’s chip manufacturing ambitions. Magnite’s expanded technical capabilities and teams will be able to move more quickly and cater to a broader set of client needs, including sellers that are newer to the world of programmatic and those who have mature, programmatic-only operations. Here’s Why. It is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies. This press release may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. The penalty will not shake up its business model, either,” said Jet Deng, an antitrust lawyer at the Beijing office of law firm Dentons.Still, neither Zhang nor state media addressed lingering questions around the extent to which Beijing remains intent on reining in its internet and fintech giants, a broad campaign that’s wiped more than $250 billion off Alibaba’s valuation since October. Together, Magnite and SpotX will serve some of the world’s leading programmers, broadcasters, platforms and device manufacturers, including A+E Networks, Crackle Plus, The CW Network, Discovery, Disney/Hulu, Electronic Arts, Fox Corporation, fuboTV, Microsoft, Newsy, Philo TV, Pluto TV, Roku, Samsung, Sling TV, Tubi, ViacomCBS, Vizio, Vudu, WarnerMedia and Xumo. Therefore, at today’s price (April 9) of $55.87, the dividend yield is very healthy at 6.2%. Max out your 401(k) each year, and be sure to get your 401(k) employer match, if you have one.