German Media Potentially Undervalued Companies

WPP

Market Cap: €4.1b

A creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.

Dentsu Group

Market Cap: €836.1b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

IAC

Market Cap: €2.9b

Operates as a media and internet company worldwide.

Nine Entertainment Holdings

Market Cap: €1.9b

Engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia.

Zhihu

Market Cap: €453.5m

Operates an online content community in the People’s Republic of China.

Townsquare Media

Market Cap: €113.8m

Operates as a digital and broadcast media, and digital marketing solutions company for small and medium-sized businesses in the United States.

SG

Market Cap: €9.0m

Provides live and digital communication services for business to business, business to consumer, and below the line markets.

Thunderbird Entertainment Group

Market Cap: €72.8m

Develops, produces, and distributes film and television programs in Canada and internationally.

DouYu International Holdings

Market Cap: €232.4m

Operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China.

LiveOne

Market Cap: €60.4m

A digital media company, engages in the acquisition, distribution, and monetization of live music events, Internet radio, podcasting/vodcasting and music-related membership, and streaming and video content.

Ziff Davis

Market Cap: €1.5b

Operates as a digital media and internet company in the United States and internationally.

Baidu

Market Cap: €39.5b

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

Fox

Market Cap: €24.8b

Operates as a news, sports, and entertainment company in the United States.

Vector

Market Cap: €55.3b

Engages in the public relations (PR) and advertising, press release distribution, video release distribution, direct marketing, media, investment, and human resources businesses in Japan, China, and internationally.

Obiz

Market Cap: €21.6m

Provides relationship marketing and customer loyalty solutions in France and internationally.

Weibo

Market Cap: €3.1b

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

Nexxen International

Market Cap: €602.5m

Provides end-to-end and video-first platform that engages advertising campaigns for brands, agencies, media groups, and content creators worldwide.

Mediaset España Comunicación

Market Cap: €905.1m

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the television broadcasting business in Spain.

Yelp

Market Cap: €2.0b

Operates a platform that connects consumers with local businesses in the United States and internationally.

Teads Holding

Market Cap: €155.8m

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.

Stagwell

Market Cap: €1.4b

Provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services in the United States, the United Kingdom, and internationally.

Ipsos

Market Cap: €1.6b

Through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

One Media iP Group

Market Cap: €9.5m

Engages in the acquisition and exploitation of mixed media intellectual property rights for distribution through the digital medium and traditional media outlets in the United Kingdom, Europe, North America, and internationally.

Banijay Group

Market Cap: €3.8b

Engages in the content production, distribution, online sports betting, and gaming businesses in the United States, Europe, and internationally.

Corus Entertainment

Market Cap: €17.9m

A media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally.

Reworld Media Société Anonyme

Market Cap: €97.9m

Engages in the thematic media business in France.

ProSiebenSat.1 Media

Market Cap: €1.4b

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

Canal+

Market Cap: €2.4b

Operates as a media and entertainment company in Europe, Africa, Asia, and internationally.

Stillfront Group

Market Cap: €2.6b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

Azerion Group

Market Cap: €168.6m

Operates a digital entertainment and media platform.

Xinhua Winshare Publishing and Media

Market Cap: €18.4b

Xinhua Winshare Publishing and Media Co., Ltd.

Hello Group

Market Cap: €1.2b

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

Meta Platforms

Market Cap: €2.0t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.

Dentsu Group

Market Cap: €836.1b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

Baidu

Market Cap: €42.6b

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

Facilities by ADF

Market Cap: €34.5m

Provides premium serviced production facilities, location, and equipment hire to the film and high-end television industry in the United Kingdom and Europe.