Online ad platform Criteo can always be in high demand because of the resourcefulness of its services, but Covid-19 did negatively impact the company in 2020:
- For Q1 2020, the company earned revenue worth $503 million, a year-over-year growth of 10%. Net income, however, dropped 23% year-over-year and was reported at $16 million.
- Q2 2020 saw Criteo report revenue of $438 million, a year-over-year drop of 17%. This decline was blamed on the impact of the Covid-19 pandemic, affecting 19 points or $41 million of the year-over-year growth. Net income was reported at $6 million, a 51% year-over-year growth.
- In Q3, Criteo witnessed its revenue declining 10% year-over-year to drop to $470 million from $523 million in Q3 2019. Covid-19 contributed 15 points or $80 million to the year-over-year drop. Net income too dropped to $5 million, a year-over-year drop of 74%.
- Q4 saw Criteo reporting revenue of $661 million, a year-over-year growth of 1%. Covid-19 contributed around 10 points or $68 million to the year-over-year revenue decline. Net income had a year-over-year growth of 13% to hit $47 million.
Beyond Meat ($BYND)
Meat alternative producer or plant-based meat producer Beyond Meat was a market disruptor, giving consumers new food choices. Though a promising concept, the company suffered the impact of COVID-19 significantly in 2020:
- For Q1 2020, Beyond Meat reported revenue worth $97.1 million, a year-over-year growth of 141%. Net income was reported at $1.8 million, while gross profit grew to $37.7 million.
- In Q2 2020, the company reported net revenue of $113.3 million, which depicted a year-over-year growth of 69%. The quarter also saw the company’s US grocery sales grow 194.9%.
- Q3 2020 saw net revenue for the company rise 2.7% year-over-year to $94.4 million, though it missed estimates of $132.8 million. The company had to deal with significantly reduced demand for its plant-based meat brought about by Covid-19. Restaurant-based sales also declined. The company had to report net loss worth $19.3 million.
- For Q4 2020, Beyond Meat reported gross profit worth $25.4 million. This was significantly lesser than the $33.5 million earned in Q4 2019.
Gaming company Sea Limited has created the highest grossing game for the mobile in Latin America and Southeast Asia – Free Fire. The Covid-19 shutdown in many countries only raised demand for the company’s games, as can be seen from its performance in the four quarters of 2020:
- For Q1 2020, Sea reported total adjusted revenue worth $913.9 million, a year-on-year growth of 57.9% from the $578.8 million it earned in Q1 2019.
- Q2 2020 saw the company report total adjusted revenue worth $1.28 billion, a year-over-year growth of 93.4% from the $665.4 million earned in Q2 2019.
- During Q3 2020, Sea earned total GAAP revenue worth $1.2 billion, a year-over-year growth of 98.7%. Gross profit reported was $407.6 million, a year-over-year growth of 100.6%.
- For Q4 2020, Sea reported total GAAP revenue growing 101.6% to hit $1.6 billion from $777.2 million in Q4 2019.
Internet services company Angi saw increased demand for its services during the pandemic. As a result, it kept recording revenue growth in every quarter of 2020:
- For Q1 2020, Angi reported revenue worth $343.6 million, a 13% growth over the Q1 2019 figure of $303.4 million.
- In Q2 2020, Angi earned revenue worth $375.1 million, a 9% growth over the Q2 2019 figure of $343.9 million.
- During Q3 2020, Angi’s revenue was $389.9 million which was a growth of 9% over the $357.4 million it earned in Q4 2020.
- For Q4 2020, Angi reported revenue worth $359.3 million. That was a 12% growth from its Q4 2019 revenue of $321.5 million.
The content of this message and its attachments are intended only for the informational and educational use for the intended recipient and may contain confidential and privileged information. If you are not the intended recipient, any dissemination, distribution, or copying of this message or its attachments is prohibited. If you received this message in error, please notify the sender by replying to this email immediately and delete this message and its attachments from your computer. This content does not constitute an offer to sell or a solicitation to buy any security or instrument which may be referenced upon the site, or an offer to provide advisory or other services by the writer or company employing the writer in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. All communications sent to or from TradeZero, Inc. are subject to archive and review by TradeZero, Inc. and by regulatory and law enforcement authorities. We explicitly disclaim all liability for any action taken based on any information contained in this writing.