Recent Insider Transactions • May 20
Insider recently bought €19m worth of stock On the 13th of May, Alwaleed Bin Talal Bin Abdulaziz Alsaud bought around 490k shares on-market at roughly €39.13 per share. In the last 3 months, there was an even bigger purchase from another insider worth €2.7b. Insiders have collectively bought €2.7b more in shares than they have sold in the last 12 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.66 (vs US$0.085 in 1Q 2021) First quarter 2022 results: EPS: US$0.66 (up from US$0.085 in 1Q 2021). Revenue: US$1.20b (up 16% from 1Q 2021). Net income: US$513.3m (up US$445.3m from 1Q 2021). Profit margin: 43% (up from 6.6% in 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 07
Insider recently bought €2.7b worth of stock On the 1st of April, Elon Musk bought around 73m shares on-market at roughly €36.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.7b more in shares than they have sold in the last 12 months. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.28 loss per share (up from US$1.44 loss in FY 2020). Revenue: US$5.08b (up 37% from FY 2020). Net loss: US$221.4m (loss narrowed 81% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 36% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 05
Chief Accounting Officer recently sold €185k worth of stock On the 1st of February, Robert Kaiden sold around 6k shares on-market at roughly €32.94 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Board Change • Dec 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Chairman Bret Taylor was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 05
Insider recently sold €682k worth of stock On the 1st of November, Sarah Personette sold around 15k shares on-market at roughly €46.77 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2021 earnings released: US$0.67 loss per share (vs US$0.036 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$1.28b (up 37% from 3Q 2020). Net loss: US$536.8m (down US$565.4m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Aug 05
Chief Accounting Officer recently sold €606k worth of stock On the 2nd of August, Robert Kaiden sold around 10k shares on-market at roughly €58.06 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months. Board Change • Aug 01
High number of new directors Independent Director Mimi Alemayehou was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$0.082 (vs US$1.75 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.19b (up 74% from 2Q 2020). Net income: US$65.6m (up US$1.44b from 2Q 2020). Profit margin: 5.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 11
Independent Director Jesse Cohn has left the company On the 9th of June, Jesse Cohn's tenure as Independent Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Jesse's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.96 years. Recent Insider Transactions • May 08
Chief Accounting Officer recently sold €473k worth of stock On the 3rd of May, Robert Kaiden sold around 10k shares on-market at roughly €45.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €15m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.085 (vs US$0.011 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.04b (up 28% from 1Q 2020). Net income: US$68.0m (up US$76.4m from 1Q 2020). Profit margin: 6.6% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Executive Departure • Mar 03
Independent Director has left the company On the 28th of February, Ngozi Okonjo-Iweala's tenure as Independent Director ended after 2.6 years in the role. As of December 2020, Ngozi personally held 11.13k shares (€491k worth at the time). Ngozi is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 12
Full year 2020 earnings released: US$1.44 loss per share (vs US$1.90 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$3.72b (up 7.4% from FY 2019). Net loss: US$1.14b (down 178% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 12
Chief Financial Officer recently sold €340k worth of stock On the 9th of February, Ned Segal sold around 7k shares on-market at roughly €48.58 per share. In the last 3 months, there was an even bigger sale from another insider worth €6.3m. Ned has been a seller over the last 12 months, reducing personal holdings by €925k. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 28%, compared to a 35% growth forecast for the Interactive Media and Services industry in Germany. Recent Insider Transactions • Feb 06
Chief Accounting Officer recently sold €271k worth of stock On the 1st of February, Robert Kaiden sold around 6k shares on-market at roughly €42.65 per share. In the last 3 months, there was an even bigger sale from another insider worth €6.3m. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 03
New 90-day high: €45.63 The company is up 24% from its price of €36.90 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.38 per share. Is New 90 Day High Low • Dec 19
New 90-day high: €45.02 The company is up 36% from its price of €33.14 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.86 per share. Recent Insider Transactions • Nov 26
Non-Employee Director recently sold €6.3m worth of stock On the 23rd of November, Omid Kordestani sold around 164k shares on-market at roughly €38.01 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.1m more than they bought in the last 12 months. Recent Insider Transactions • Nov 07
Chief Accounting Officer recently sold €418k worth of stock On the 2nd of November, Robert Kaiden sold around 12k shares on-market at roughly €34.95 per share. In the last 3 months, there was an even bigger sale from another insider worth €585k. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 21% at US$936.2m. Revenue is forecast to grow 19% over the next year, compared to a 28% growth forecast for the Interactive Media and Services industry in Germany. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of US$1.24b, with earnings decreasing by US$2.84b from the prior year. Total revenue was US$3.43b over the last 12 months, up 2.2% from the prior year. Is New 90 Day High Low • Oct 30
New 90-day high: €44.93 The company is up 46% from its price of €30.77 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.85 per share. Is New 90 Day High Low • Oct 12
New 90-day high: €40.94 The company is up 38% from its price of €29.67 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.23 per share. Is New 90 Day High Low • Sep 24
New 90-day high: €39.75 The company is up 54% from its price of €25.89 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.14 per share.