Snapchat added millions of more new users than expected, illustrating encouraging growth in social-media through the Covid-19 pandemic, WSJ reports.
- Revenue: $911.3 Million (+62%)
- Quarterly Loss: $113.1 Million (+53%)
- Daily Active Users: 256 Million (+16 Million)
Pinterest followed the trend of Snapchat, adding millions of users to its platform and signaling a solid growth trajectory as consumers stay glued to mobile devices and computers through the pandemic, WSJ reports.
- Revenue: $706 Million (+76%)
- EBITDA: $299 Million (+288%)
- Monthly Active Users: 459 Million (+17 Million)
T-Mobile reported an almost flat fourth-quarter net income as it says its merger with Sprint “will saddle the combined company with more costs this year as its engineers shift more subscribers onto a single network,” WSJ reports.
- Revenue: $20.3 Billion (+71%)
- Net Income: $750 Million (+0.13%)
- Postpaid Phone Customers: +824,000 (AT&T added 800,000 and Verizon 279,000)
The New York Times Co. continued its trend toward becoming a predominately digital company, reporting 37% growth in digital subscription revenues, The Information reports.
- Digital Subscriptions: 6.69 Million (+52%)
- Revenue Per Digital Subscriber: $24.96 (-10%)
- Digital Ad Revenues: $90 Million (-2.3%)
- Print Ad Revenues: $49 Million (-38%)
Pinterest ($PINS) has been on a massive growth tear and is one we missed out on. Nonetheless, it is a unique and attractive “social media” business that we will keep an eye out on during signs of weakness.
I hesitate before blindly buying $PINS or $SNAP following massive growth numbers because we don’t know how much these growth numbers are inflated by temporary pandemic trends. Will 2022 see a full abatement of pandemic? If so, are people going to go out like before? If so, time on electronic devices and social media should retreat in that scenario.
But on the other hand, maybe we’re in a permanently at-home world where at-work commuting and in-person entertainment are at permanently lower levels forever…