U.S. Media Undervalued over 20% based on DCF

Meta Platforms

Market Cap: US$1.9t

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.

Sea

Market Cap: US$88.1b

Through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally.

Reddit

Market Cap: US$39.6b

Operates a digital community in the United States and internationally.

Warner Bros. Discovery

Market Cap: US$27.0b

Operates as a media and entertainment company worldwide.

Pinterest

Market Cap: US$26.6b

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

Roku

Market Cap: US$12.2b

Operates a TV streaming platform in the United States and internationally.

New York Times

Market Cap: US$9.5b

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide.

ZoomInfo Technologies

Market Cap: US$3.1b

Provides go-to-market intelligence and engagement platform for sales, marketing, operations, and recruiting professionals in the United States and internationally.

Magnite

Market Cap: US$3.1b

Operates an independent omni-channel sell-side advertising platform in the United States and internationally.

Sphere Entertainment

Market Cap: US$1.5b

Operates as a live entertainment and media company in the United States.

Hello Group

Market Cap: US$1.3b

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

Nextdoor Holdings

Market Cap: US$700.1m

Operates a neighborhood network that connects neighbors, businesses, and public agencies in the United States and internationally.

Thryv Holdings

Market Cap: US$564.1m

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

Reservoir Media

Market Cap: US$497.6m

Operates as a music publishing company.

Gray Media

Market Cap: US$444.1m

A multimedia company, owns and/or operates television stations and digital assets in the United States.

DouYu International Holdings

Market Cap: US$223.9m

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

Eventbrite

Market Cap: US$211.9m

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

Goodheart-Willcox Company

Market Cap: US$195.8m

The Goodheart-Willcox Company, Inc. publishes print and digital textbooks.

Migom Global

Market Cap: US$75.4m

Migom Global Corp., through its subsidiaries, engages in retail banking and money service business worldwide.

MoneyHero

Market Cap: US$74.3m

Operates a personal finance aggregation and comparison platform for banking, insurance, and other financial products.

William H. Sadlier

Market Cap: US$14.5m

William H. Sadlier, Inc. publishes print, digital, and online educational materials for public and nonpublic schools.

Mills Music Trust

Market Cap: US$7.4m

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable to Mills Music, Inc.