Snap says 'still early' in realizing monetization potential of content platform 16:43 SNAP The company said, "While the majority of our revenue today is generated from video ads, we believe we are still early in terms of realizing the full monetization potential of our content platform. Today, we comprise less than 2% of the $210 billion US digital ad market and less than 1% of the $520 billion global digital ad market, while reaching nearly half of US smartphone users and more than 75% of 13 to 34 year olds in over 20 countries. In addition, mobile advertising is growing faster than desktop advertising, video advertising is growing faster than non-video advertising, and self-serve advertising is expected to make up 90% of all digital display ad spend in 2022. These trends are favorable for our strategy, and we believe our video advertising business has the potential to deliver robust top line growth."
JD.com proposed special dividend shows it is 'confident' on business prospects, Citi says
Apr. 22, 2022 8:30 AM ETJD.com, Inc. (JD)
JD.com (NASDAQ:JD) announced that it is considering a special dividend on or around May 4, a development that surprised investors and one that investment firm Citi said shows confidence in its long-term prospects.
Analyst AliciaYap, who rates JD.com (JD) buy with a $97 price target, noted that the special dividend is both "surprising and positive," but it also shows that the Chinese e-commerce company is positive about its business prospects and ability to generate cash flow.
Yap pointed out that the board of directors of JD.com (JD) raised the amount of its buyback to $3 billion from $2 billion inlate Decemberand still has another $2.2 billion buyback program it could execute.
"Since buybacks are usually subject to trading window restrictions and may not see immediate effect, we believe the decision for a special cash dividend likely suggests JD’s management and board are evaluating different ways to return value to shareholders, especially given the current uncertain macro environment," Yap added.
JD.com (JD) sharesrose more than 3.5% to $52.54 in premarket trading on Friday.
JD.com proposed special dividend shows it is 'confident' on business prospects, Citi says
Apr. 22, 2022 8:30 AM ETJD.com, Inc. (JD)
JD.com (NASDAQ:JD) announced that it is considering a special dividend on or around May 4, a development that surprised investors and one that investment firm Citi said shows confidence in its long-term prospects.
Analyst AliciaYap, who rates JD.com (JD) buy with a $97 price target, noted that the special dividend is both "surprising and positive," but it also shows that the Chinese e-commerce company is positive about its business prospects and ability to generate cash flow.
Yap pointed out that the board of directors of JD.com (JD) raised the amount of its buyback to $3 billion from $2 billion inlate Decemberand still has another $2.2 billion buyback program it could execute.
"Since buybacks are usually subject to trading window restrictions and may not see immediate effect, we believe the decision for a special cash dividend likely suggests JD’s management and board are evaluating different ways to return value to shareholders, especially given the current uncertain macro environment," Yap added.
JD.com (JD) sharesrose more than 3.5% to $52.54 in premarket trading on Friday.
