Comparing the current results to its competitors, Meredith reported Revenue increase in the 1 quarter 2021 by 2.18 % year on year. The revenue growth was below Meredith's competitors' average revenue growth of 13.81 %, achieved in the same quarter.
Meredith Corporation Net Income in the 1 quarter 2021 fell year on year by -41.37%, while most of its competitors have experienced a contraction in net income by -23.43 %.
Meredith's Comment on Competition and Industry Peers
Merediths television stations compete directly for advertising dollars and
programming in their respective markets with other local television stations,
radio stations, and cable television providers. Other mass media providers such
as newspapers and their websites are also competitors. Advertisers compare market
share, audience demographics, and advertising rates, and take into account audience
acceptance of a stations programming, whether local, network, or syndicated.
Publishing is a highly competitive business. The Companys magazines and related
publishing products and services compete with other mass media, including the
internet and many other leisure-time activities. Competition for advertising
dollars is based primarily on advertising rates, circulation levels, reader
demographics, advertiser results, and sales team effectiveness. Competition
for readers is based principally on editorial content, marketing skills, price,
and customer service. While competition is strong for established titles, gaining
readership for newer magazines and specialty publications is especially competitive.
The E.W. Scripps Company operates as a diversified media company, focusing on creating and distributing content across various platforms. Their business model involves generating revenue through advertising and subscription fees, while continuously adapting their strategies to the evolving media landscape.
Fox Corporation is a media company that operates through various platforms including television broadcasting and cable news networks. It primarily generates revenue through advertising sales, predominantly in the United States. With a focus on news and entertainment, Fox Corporation aims to engage a wide range of viewers and consumers through their diverse content offerings.
Graham Holdings Co's business model focuses on diverse investments and holdings in the education, media, and healthcare industries. They seek opportunities in companies that align with their long-term growth objectives and generate sustainable profits.
News Corporation's business model revolves around media and entertainment. It is primarily involved in the creation, distribution, and monetization of various forms of news, information, and entertainment content. This includes owning and operating television networks, film production studios, newspapers, publishing houses, and digital media platforms. The company generates revenue through advertising, subscriptions, content licensing, and other related services.
LGBTQ Loyalty Holdings Inc is a company that operates with a unique business model focused on financial performance while promoting LGBTQ equality and inclusion. They collaborate with public companies to create financial indices and investment products that support LGBTQ values. Their goal is to encourage investors and companies to contribute to the advancement of LGBTQ rights and provide opportunities for diverse communities within the market.
Sources:
Meredith Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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