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Walt Disney Co – The company’s Disney+ subscriber growth rate restored faith in the future of streaming video and strong attendance at U.S. theme parks also added luster to its quarterly results. CEO Bob Chapek said he still believes the streaming service, home to hits like “The Mandalorian” and “Black Widow”, will have 230 million to 260 million subscribers by 2024. The company added 11.8 million Disney+ subscribers in the first quarter. The company’s overall revenue rose 34% to $21.82 billion in the quarter ended Jan. 1, topping analysts’ estimate of $20.91 billion, according to Refinitiv data. Disney+, the company’s two-year-old streaming service that is not yet profitable, kept revenue flowing when the pandemic disrupted its legacy theme parks, resorts and cruise operations. Its subscribers have grown 37% in the past year. EPS of $1.06 per share topped Wall Street’s estimate of 63 cents.
Uber Technologies – Higher after reporting 4 revenue of $5.78 bln, beating market estimates of $5.35 bln – Refinitiv data. The company posted Q4 adjusted EBITDA of $86 mln, beating estimates of $62 mln. Uber said “While the Omicron variant began to impact our business in late December, mobility is already starting to bounce back.” Uber forecast first-quarter adjusted EBITDA to be between $100 million and $130 million, compared with analysts’ estimates for nearly $150 million.
Twitter – Initially higher premarket after announcing a new $4B buyback program as Q4 results miss estimates. Both Ad revenue numbers and user growth numbers missed expectations. The company said it now expects 2022 revenue to grow in the low to mid 20% range, excluding recent Mopub deals.
Chip Stocks – Remain on watch after impressive moves yesterday, there have been multiple positive analysts moves on the group this week following the sharp sell off to start the new trading year. MU, NVDA, AMD, INTC, AMAT
Twillio – Up sharply after raising its Q1 forecast, the company said it now sees Q1 revenue of $855-$865 mln, above analysts’ est of $838 mln. TWLO also reported a 54% yr/yr rise in Q4 revenue to $842.7 mln, beating estimates of $767.8 mln.
DataDog Inc – Shares are set for their best day in 21 months after the company reported Q4 revenue jumped 84% to $326 mln vs est of $290 mln. Q4 EPS of 20 cents also topped est of 12 cents. DOG also said it completed the acquisition of technical collaboration platform CoScreen.
American Rebel Holdings – Another low float (4.2) defence stock that closed a $10.5m offering earlier this week.
Dermata Therapeutics – Low float (4.3m) biotech up on no apparent news premarket, announced a $10m equity offering earlier this week.
IronNet Inc – The company it has entered a multi-year contract with a Gulf Cooperation Council (GCC) country to help protect its operations related to the government, finance and infrastructure against cyber attacks. The GCC country chooses to remain anonymous for security reasons.