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    SWM   AU000000SWM4

SEVEN WEST MEDIA LIMITED

(SWM)
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Australia's Seven West Media finalises news content deals with Google, Facebook

05/02/2021 | 09:16pm EDT

May 3 (Reuters) - Australia's Seven West Media Ltd said on Monday it finalised its licensing deal with Alphabet Inc's Google and signed a long-term agreement with social media giant Facebook to provide content to the tech companies.

The signing of agreements comes after Seven West announced letters of intent in February with the tech companies to provide them news content even as the government pushed for a law that would force the internet giants to pay media companies for content.

The Australian media firm expects digital revenue from the agreements to start before the end of fiscal 2021, with the majority of it coming in fiscal 2022, it said in a statement.

Shares of the media firm jumped as much as 9.5%, in their biggest intraday percentage jump since Feb. 16. (Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi Aich)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 2.21% 2278.38 Delayed Quote.30.00%
FACEBOOK INC 3.50% 315.94 Delayed Quote.15.66%
SEVEN WEST MEDIA LIMITED 2.74% 0.375 End-of-day quote.13.64%
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Financials
Sales 2021 1 270 M 988 M 988 M
Net income 2021 140 M 109 M 109 M
Net Debt 2021 365 M 284 M 284 M
P/E ratio 2021 4,13x
Yield 2021 0,07%
Capitalization 577 M 448 M 449 M
EV / Sales 2021 0,74x
EV / Sales 2022 0,65x
Nbr of Employees 4 607
Free-Float 53,7%
Chart SEVEN WEST MEDIA LIMITED
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Technical analysis trends SEVEN WEST MEDIA LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 0,59 AUD
Last Close Price 0,38 AUD
Spread / Highest target 113%
Spread / Average Target 57,9%
Spread / Lowest Target 14,7%
EPS Revisions
Managers and Directors
NameTitle
James R. Warburton Chief Executive Officer, MD & Executive Director
Jeffrey Peter Howard Chief Financial Officer
Kerry Matthew Stokes Chairman
David Evans Independent Non-Executive Director
John Henry Alexander Independent Non-Executive Director
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