Global Media Undervalued based on future growth

Banijay Group

Market Cap: €3.5b

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

MFE-Mediaforeurope

Market Cap: €2.2b

Operates in the television industry in Italy and Spain.

Hacksaw

Market Cap: SEK 22.6b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

MBC Group

Market Cap: ر.س8.8b

Operates as a media company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally.

Newborn Town

Market Cap: HK$13.8b

An investment holding company, engages in the social networking business worldwide.

Stingray Group

Market Cap: CA$994.9m

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

NetDragon Websoft Holdings

Market Cap: HK$4.8b

Provides online and mobile games the People’s Republic of China, the United States, the United Kingdom, and internationally.

MediaAlpha

Market Cap: US$559.3m

Through its subsidiaries, operates an insurance customer acquisition platform in the United States.

Zhejiang Meorient Commerce Exhibition

Market Cap: CN¥3.3b

Zhejiang Meorient Commerce Exhibition Inc.

GA technologies

Market Cap: JP¥66.4b

Operates a real estate brokerage platform.

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien

Market Cap: €336.7m

Engages in the football business in Germany.

YouGov

Market Cap: UK£224.3m

Provides online market research services in the United Kingdom, the Americas, the Middle East, Mainland Europe, India, and the Asia Pacific.

GDEV

Market Cap: US$295.7m

Develops and publishes online games in the United States, Europe, Asia, and internationally.

IVE Group

Market Cap: AU$399.4m

Engages in the marketing business in Australia.

Akatsuki

Market Cap: JP¥40.5b

Engages in the entertainment, lifestyle, and solutions businesses in Japan.

Qingci Games

Market Cap: HK$1.9b

An investment holding company, develops, publishes, and operates mobile games in the People’s Republic of China, Japan, the United States, Canada, Australia, New Zealand, Hong Kong, Macau, Taiwan, and internationally.

Webzen

Market Cap: ₩342.7b

A game company, engages in the PC, online, and mobile gaming business worldwide.

trivago

Market Cap: US$225.3m

Operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally.

Port

Market Cap: JP¥33.5b

Operates various domain-specific vertical media and develops content marketing for user needs in Japan.

Seoul Broadcasting System

Market Cap: ₩290.1b

Engages in the broadcasting, cultural service, and advertising businesses in South Korea and internationally.

Angi

Market Cap: US$194.2m

Angi Inc. connects home professionals with consumers in the United States and internationally.

PT. Media Nusantara Citra

Market Cap: Rp2.9t

Operates as an integrated media company that produces and distributes various content on television and other platforms in Indonesia.

Television Broadcasts

Market Cap: HK$1.3b

Engages in terrestrial television broadcasting, program production, and other television-related activities.

Tongdao Liepin Group

Market Cap: HK$1.3b

An investment holding company, provides talent acquisition services in the People’s Republic of China.

Deezer

Market Cap: €137.1m

Provides music, lossless HiFi audio, and industry defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally.

Devsisters

Market Cap: ₩227.0b

Engages in the development of mobile games in South Korea and internationally.

Jagran Prakashan

Market Cap: ₹14.6b

Jagran Prakashan Limited prints and publishes newspapers and magazines in India.

Knowmerce

Market Cap: ₩195.7b

Provides entertainment services through artist intellectual property rights in South Korea.

Linmon Media

Market Cap: HK$1.0b

An investment holding company, engages in the production, distribution, and licensing of broadcasting rights of drama series in Mainland China and internationally.

FriendTimes

Market Cap: HK$961.8m

Through its subsidiaries, develops, publishes, and operates mobile games in the People’s Republic of China and internationally.

Blue Ant Media

Market Cap: CA$160.9m

Engages in streamer, production studio, and rights management businesses in Canada, the United States, the United Kingdom, and internationally.

LBG Media

Market Cap: UK£78.7m

Operates an online media publisher in the United Kingdom, Ireland, Australia, the United States, and internationally.

Messe eSangLtd

Market Cap: ₩156.1b

Operates as an exhibition organizer company in Korea.

Travelzoo

Market Cap: US$99.4m

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

NexTone

Market Cap: JP¥14.9b

Provides music copyright management and licensing solutions in Japan and internationally.

Oricon

Market Cap: JP¥14.5b

Designs and operates websites.