Global Media Healthy potentially undervalued

Stingray Group

Market Cap: CA$669.5m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

Criteo

Market Cap: US$1.2b

A technology company, provides marketing and monetization services and infrastructure on the open internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific.

Gaia

Market Cap: US$124.5m

Operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally.

Wanda Film Holding

Market Cap: CN¥23.7b

Engages in the investment, construction, and operation of movie theaters in China, Australia, and New Zealand.

NAVER

Market Cap: ₩33.4t

Provides online search portal and online information services in South Korea, Japan, and internationally.

Atresmedia Corporación de Medios de Comunicación

Market Cap: €1.1b

An audiovisual company, engages in the television, radio, digital and multimedia development, cinema, and events organization businesses in Spain and internationally.

PLAYSTUDIOS

Market Cap: US$131.6m

Develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally.

Bumble

Market Cap: US$1.1b

Provides online dating and social networking applications in North America, Europe, internationally.

Future

Market Cap: UK£752.4m

Future plc, together with its subsidiaries, publishes and distributes content for technology, gaming, sports, fashion, beauty, homes, wealth, and knowledge sectors in the United States and the United Kingdom.

TBS HoldingsInc

Market Cap: JP¥834.3b

Engages in the broadcasting and real estate businesses primarily in Japan.

DeNA

Market Cap: JP¥252.6b

Develops and operates mobile and online services worldwide.

Southern Cross Media Group

Market Cap: AU$140.3m

Southern Cross Media Group Limited, together with its subsidiaries, creates audio content for distribution on broadcast and digital networks in Australia.

Kuaishou Technology

Market Cap: HK$324.6b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

NHN

Market Cap: ₩860.8b

An IT company, provides gaming, payment, entertainment, IT, and advertisement solutions in South Korea and internationally.

Next 15 Group

Market Cap: UK£269.0m

Next 15 Group plc, together with its subsidiaries, customer insight, customer delivery, customer engagement, and business transformation services in the United Kingdom, Africa, the United States, Europe, Middle East, and Africa.

Modern Times Group MTG

Market Cap: SEK 11.4b

Through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand.

Shutterstock

Market Cap: US$770.1m

Provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally.

Weibo

Market Cap: US$2.5b

Through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China.

TVhi Holdings

Market Cap: JP¥303.5b

Engages in the television (TV) broadcasting business in Japan and internationally.

KT Skylife

Market Cap: ₩246.4b

Engages in the digital satellite broadcasting business in South Korea.

Hello Group

Market Cap: US$1.3b

Provides mobile-based social and entertainment services in the People’s Republic of China and internationally.

TrueCar

Market Cap: US$173.3m

Operates as an internet-based information, technology, and communication services company in the United States.

ProSiebenSat.1 Media

Market Cap: €1.8b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Teads Holding

Market Cap: US$178.5m

Operates a technology platform that connects media owners and advertisers with engaged audiences to drive business outcomes in the United States, Europe, the Middle East, Africa, and internationally.

Baidu

Market Cap: US$31.3b

Provides online marketing and non-marketing value added services through an internet platform in the People’s Republic of China.

Pinterest

Market Cap: US$24.3b

Operates as a visual search and discovery platform in the United States, Canada, Europe, and internationally.

Pullup Entertainment Société anonyme

Market Cap: €187.2m

Develops, publishes, and distributes games worldwide.

LY

Market Cap: JP¥3.4t

Engages in the online advertising and e-commerce businesses in Japan.

Focus Media Information Technology

Market Cap: CN¥115.2b

Focus Media Information Technology Co., Ltd.

Travelzoo

Market Cap: US$114.6m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Grindr

Market Cap: US$3.1b

Operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide.

Thryv Holdings

Market Cap: US$608.5m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

M&C Saatchi

Market Cap: UK£207.3m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.

NetEase

Market Cap: HK$658.3b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Eventbrite

Market Cap: US$255.7m

Operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally.

PubMatic

Market Cap: US$388.0m

A technology company, engages in the provision of a cloud infrastructure platform that enables real time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide.