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Media Stocks Q1 In Review: John Wiley & Sons (NYSE:WLY) Vs Peers


Petr Huřťák /
2024/07/11 7:50 am EDT

Let's dig into the relative performance of John Wiley & Sons (NYSE:WLY) and its peers as we unravel the now-completed Q1 media earnings season.

The advent of the internet changed how shows, films, music, and overall information flow. As a result, many media companies now face secular headwinds as attention shifts online. Some have made concerted efforts to adapt by introducing digital subscriptions, podcasts, and streaming platforms. Time will tell if their strategies succeed and which companies will emerge as the long-term winners.

The 9 media stocks we track reported a weaker Q1; on average, revenues beat analyst consensus estimates by 0.8%. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, and while some of the media stocks have fared somewhat better than others, they collectively declined, with share prices falling 1.5% on average since the previous earnings results.

John Wiley & Sons (NYSE:WLY)

Established in 1807, John Wiley & Sons (NYSE:WLY) is a global leader in academic publishing, providing educational materials, scholarly research, and professional development resources.

John Wiley & Sons reported revenues of $468.5 million, down 11% year on year, exceeding analysts' expectations by 6.8%. Overall, it was a decent quarter for the company with full-year revenue guidance beating analysts' expectations but a miss of analysts' earnings estimates.

“We finished the year strong and head into Fiscal 2025 with full confidence in our Research trajectory, GenAI momentum, and profit and performance outlook,” said Matthew Kissner, Interim President and CEO.

John Wiley & Sons Total Revenue

John Wiley & Sons pulled off the biggest analyst estimates beat but had the slowest revenue growth of the whole group. The stock is up 22.5% since reporting and currently trades at $44.69.

Is now the time to buy John Wiley & Sons? Access our full analysis of the earnings results here, it's free.

Best Q1: The New York Times (NYSE:NYT)

Founded in 1851, The New York Times (NYSE:NYT) is an American media organization known for its influential newspaper and expansive digital journalism platforms.

The New York Times reported revenues of $594 million, up 5.9% year on year, in line with analysts' expectations. It was a strong quarter for the company with an impressive beat of analysts' earnings estimates.

The New York Times Total Revenue

The market seems happy with the results as the stock is up 13.3% since reporting. It currently trades at $52.38.

Is now the time to buy The New York Times? Access our full analysis of the earnings results here, it's free.

Warner Bros. Discovery (NASDAQ:WBD)

Formed from the merger of WarnerMedia and Discovery, Warner Bros. Discovery (NASDAQ:WBD) is a multinational media and entertainment company, offering television networks, streaming services, and film and television production.

Warner Bros. Discovery reported revenues of $9.96 billion, down 6.9% year on year, falling short of analysts' expectations by 2.6%. It was a weak quarter for the company with a miss of analysts' earnings and revenue estimates.

Warner Bros. Discovery posted the weakest performance against analyst estimates in the group. As expected, the stock is down 6.6% since the results and currently trades at $7.27.

Read our full analysis of Warner Bros. Discovery's results here.

fuboTV (NYSE:FUBO)

Originally launched as a soccer streaming platform, fuboTV (NYSE:FUBO) is a video streaming service specializing in live sports, news, and entertainment content.

fuboTV reported revenues of $402.3 million, up 24% year on year, surpassing analysts' expectations by 5.5%. Looking more broadly, it was a slower quarter for the company with a miss of analysts' earnings estimates.

fuboTV pulled off the fastest revenue growth among its peers. The stock is down 21.9% since reporting and currently trades at $1.21.

Read our full, actionable report on fuboTV here, it's free.

Disney (NYSE:DIS)

Founded by brothers Walt and Roy, Disney (NYSE:DIS) is a multinational entertainment conglomerate, renowned for its theme parks, movies, television networks, and merchandise.

Disney reported revenues of $22.08 billion, up 1.2% year on year, in line with analysts' expectations. Looking more broadly, it was a weak quarter for the company with a miss of analysts' earnings estimates and a miss of analysts' Experiences revenue estimates.

The stock is down 16.7% since reporting and currently trades at $96.95.

Read our full, actionable report on Disney here, it's free.

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