Profit Media Net

Profit Media Net – Consolidated operator Catena Media reported a 1,421.4% year-on-year increase in net profit from its full sports calendar after the cancellation of 2020.

Malta.- Catena Media reported a profit of 21.3 million euros in the first half of the year, an increase of 1,421.4% over the year. The big announcement came on the back of a full sports calendar after several games were canceled in the first half of 2020 due to the Covid-19 pandemic.

Profit Media Net

Revenue in the six months ending June 30 was 71.1 million euros, up 30.5 percent year-on-year. Search revenue was 66.8 million euros (up 34.1 percent), while paid revenue was 4.3 million euros (up 10.3 percent). It did not generate subscription revenue for the half following the sale of Hammerstone until the end of 2020.

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Casino generated two-thirds of Catena’s revenue of 46.3 million euros, 23.1% year-on-year growth in the US and Japan. Revenue from Italy declined due to changes in Google’s search algorithm. Google’s decision to suspend paid advertising by unregistered sites will also reduce the site’s revenue.

After halftime and many canceled games, sports betting revenue increased 64.5 percent to $22.7 million in 2020. This was facilitated by the opening of legal online sports betting in the US states of Virginia and Michigan.

Pre-tax profit increased to 26.3 million euros, which is 1095.5% more than last year. Second-quarter revenue rose 9.4 percent to 30.4 million euros, following record revenue in the second quarter of 2020. Looking for money at 10.1 percent and a profit of 33.3 paid. Casino revenue fell 0.5 percent, but sports revenue rose 66 percent to $8.3 million.

Profit in the second quarter was 4.3 million euros, compared to a loss of 7.8 million euros in the second quarter of 2020.

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Michael Daly, who replaced Goran Blomberg as CEO of Catena earlier this year, said: “The results demonstrate the strength of our business model as they combine with low season games in the US, the reopening of ground entertainment this year in North America and other places, and in the 2nd quarter compared to the same period last year, there was a significant increase in investment production.

“Looking forward, we are moving closer to our goal of a globally diversified portfolio with a strong presence in North America and Europe, supported by positive contributions from Asia, Latin America and Africa as markets come online.

“Our transformation plan, which prioritizes keyword and search engine optimization and product content development in key markets, is progressing as planned and as expected. “We expect the transformation efforts to begin to have a positive revenue impact later this year. and provide lasting impact while we are gone. until 2022 and beyond. GWM publishes 2021 operating report with revenue of more than 136.3 billion yuan, an increase of 32% GWM released its 2021 operating report on January 23. year on year, and achieved a net profit of 6.781 billion yuan, an increase of 26.45%. The average selling price of one car exceeded RMB106,400, an annual increase of 14.50%. MORE INFORMATION

GWM generated revenue of 90.8 billion yuan in the first three quarters, which is 46% year-on-year and shows a significant increase in activity. an increase of 10.13% and a net profit of 1.416 billion yuan. From January to September this year, GWM’s total revenue reached 90.797 billion yuan, a year-on-year increase of 46.11%; net profit reached 4.945 billion yuan, an annual increase of 91.13%. MORE INFORMATION

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3rd generation HAVAL H6, JOLION and POER officially launched in Laos On October 19, GWM held a live online conference in Laos to announce the official launch of the GWM brand in the Laos market. The 3rd generation HAVAL H6, HAVAL JOLION and GWM POER were sold at the same time. READ MORE The flow of Chinese capital into overseas tech companies increased this morning with the $900 million acquisition of Media.net. The consortium funds the start-up with major operations in New York and Dubai. Eventually, the company was to be acquired in a joint venture by Miteno Communication Technology, a Chinese technology conglomerate. The transaction is one of the largest tech deals in history, ahead of notable exits such as Google’s $750 million acquisition of AdMob in 2010 and Twitter’s $350 million acquisition of MoPub in 2013.

Media.net offers a number of products for creating, targeting and evaluating advertising campaigns. The company serves publishers by connecting them to relevant ads through Yahoo! Bing Network. Media.net’s publisher directory is available through major demand and ad exchange platforms.

China’s tech ad space is particularly interesting because of API integration and many Chinese tech companies lagging behind their American counterparts. This puts pressure on companies to find new ways to target sales.

To foster innovation in sectors such as e-commerce, China’s State Council issued guidelines in 2015 that actively advocate investment in the ad-tech space.

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All of this is consistent with Chinese ad tech buyouts this year despite a slowdown in U.S. ad M&A activity. In February, ad startup NativeX was sold to Chinese ad network Mobvista for $24.5 million. Just four months later, Beijing-based Spearhead Integrated Marketing Communication Group paid $148 million for Smaato, another mobile marketing company.

“I should have entered China three years ago,” said Divyank Turahia, CEO and founder of Media.net. – I came late, I didn’t realize that I was late.

That’s not to say Turahia was wrong, he’ll still walk away from the deal as a newly minted billionaire while retaining control of his company.

Divyank along with his brother Bhavin run various businesses including Directi Group and Skenzo, part of Media.net. Skenzo takes a different approach to traffic monetization by focusing on packaged sites. This is a way to make money from unregistered sites that are not linked to the developed website by targeting people who might make the mistake of entering a web address on a selling site.

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Turahia said his company is in no rush to sell and is growing and profitable. However, concerned about the future of the company, he hired bankers to investigate possible transactions and returned a large percentage. According to Turahia, Media.net received seven bids in the final round and more in previous rounds, and the final bids varied by only 10-30 percent.

Back in 2014, Ashmore Investment Management Limited owned shares of Media.net. Ashmore’s mid-year report cited Media.net as a difficult investment and concluded with the following statement:

Well, just two months later, Directi bought those shares. Among the 11 companies founded by the brothers, Media.net was the only one that received foreign investment.

Yahoo Bing Content Ads has been an important source of revenue for the company, and with this deal, 90 percent of Media.net’s revenue is concentrated in the US market. Zhiyong Zhang, chairman of Beijing Miteno Communication Technology Co. Ltd, noted that Miteno could strengthen Media.net through “financial support” for global growth.

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The Chinese market poses a challenge for a foreign company. Mr. Zhang noted a potential play for the company’s data as it tries to position itself in a market dominated by mobile devices.

Turahia offers variety and high sales potential from a single supplier offering a variety of products. Besides expanding across Asia, Turahia wants to double down on video and focus more on mobile apps. It is also looking to create additional partnerships and expand technology licenses to DSPs and SSPs.

The deal is now closed and paid in full. However, the first $426 million will be paid to the consortium immediately, while the remaining $474 million will be paid over an agreed schedule. It doesn’t matter that Miteno’s shares have been suspended on the Shenzhen Stock Exchange for the past eight months.

“The main reason for the acquisition was not [Media.net’s] high profits, but more management and technical staff,” Mr. Zhang said.

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Although the transaction is not a purchase, Mr. Zhang attributes much of Media.net’s value to Turahia’s leadership. Turahia is known for his bold approach to life and business. He started his first company at 14 and made his first million at 18. Today you’re doing aerial acrobatics for fun — but if it’s a weekend, we want to know how you’re celebrating the Three Commas Club. In the difficult financial year 2021, Audi tested its strength once again. Audi Group achieved all-time results in operating profit and cash flow. Last year’s revenue was around 53 billion euros. Operating profit reached 5.5 billion euros, while operating profit on sales was 10.4 percent. With a net income of 7.8 billion euros, the Audi Group proves that it has the power to make money. In addition to effective management of semiconductor shortages and strict cost behavior, other effective profit drivers are included.

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