TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 OXY
Occidental Petroleum
-- 47.130 AMD
Advanced Micro Devices
-- 119.210 Vobile Group Limited: Global Revenue Maintains High Growth, Copyright Protection + Digital Economy Opens Up Space for Monetization
Media giants have changed the industry structure, and there is still room for improvement in overseas penetration rate.
1) Streaming Media giant subscribers continue to increase, 22Q3 (FY22Q4) Disney + adds 12.10 million subscribers, and DTC giant subscriptions will further increase content barriers and copyright protection needs after the acceleration of monetization. 2) 22Q3YouTube advertising revenue 7.10 billion US dollars, a year-on-year decrease of 1.9%. The current penetration rate of the company's management content revenue to YouTube advertising revenue is still less than 1%, and it is mainly based on head content such as film and television vertical categories. Advertiser's willingness to deliver is relatively strong, and the cash sharing revenue is less affected by the decline in YouTube advertising revenue. 3) the company continues to establish in-depth cooperation with content providers, and completed the contract upgrade with Warner in August to manage and realize the full content library; the company expects that the new active assets generated by Warner content will account for 60% of the total increase in 2023, and the company expects this part of the active assets to bring about $20 million in new revenue throughout the year.
Copyright protection + digital economy continued to boost, and China's business developed rapidly after the integration of particles.
1) on October 26, 2022, the Xi'an intermediate people's court made a first-instance judgment on the case of "Yunnan insect valley", ruling that Douyin compensated Tencent more than 32.4 million yuan, and the demand for copyright protection rose; 2) on November 5, 2022, at the Hongqiao sub-forum of the fifth China International import expo "protecting intellectual property rights and combating infringement and counterfeiting", pu chun, deputy director of the general administration for market supervision, pointed out that "the next step is to vigorously promote the construction of a strong country in intellectual property rights" 3) on October 28, 2022, he lifeng, director of the development and reform commission, made a report on the development of the digital economy, pointing out that "We must firmly grasp the lifeblood of digital technology in our own hands." The founding team of Particle Company brought rich experience in operation and monetization and the accumulation of major customers such as Wasu and Radio and Television. The certainty of domestic business development has been further enhanced under the continuous favorable policies.
Virtual asset protection brings development opportunities to the company. On November 1, 2022, five departments jointly issued the action plan for the integration and development of virtual reality and industry applications (2022-2026). The company had actively deployed in the field of NFT. On September 21, it cooperated with Zhejiang Cultural Exchange to jointly build a leading digital copyright protection trading platform, and may further open up cooperation with local cultural exchanges in the future.
Investment advice: maintain the "buy" rating. Fubo provides IP property protection solutions for the global leader DTC Streaming Media. The transformation of industry DTC accelerates, digital assets continue to develop, and global IP protection demand is strong; integrate operations with the particle team to explore China's digital cultural industry and expand domestic digital content asset monetization channels; new transaction scenarios such as meta-universe and NFT demand increase. Firmly optimistic about the company's future development and the rapid growth of the domestic digital economy in the future, maintain the "buy" rating.
Risk Warning: The development of DTC is less than expected, the assumption of a new business model and the promotion of domestic business are less than expected, and the risk of new technology threatening leading positions and the integration of particle business is less than expected.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Share investment ideas and institution opinions on HK stock market and commodity. Thanks for following me!💰💰💰
972Followers
13Following
1693Visitors
Follow