Short XO Group - Growth Expectations Are Unrealistic
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Thu, Mar. 3, 4:17 PM
- Lifestyle media firm XO Group (NYSE:XOXO) posted Q4 results where it beat on top and bottom lines as solid growth in ad sales more than made up for the merchandise operations it exited in Q1 2015.
- The company runs brands for couples and parents including The Knot, The Bump, and The Nest. Revenue rose 2.8% on a headline basis; excluding the exited merchandise business, it rose 12%. A net GAAP loss per share of $0.09 was narrower than the prior year's loss of $0.16.
- Revenue breakout: National online advertising, $10.5M (up 21.5%); Local online advertising, $17.5M (up 13.9%); Transactions, $3.4M (up 73.3%); Publishing and other, $6.7M (down 16.8%).
- The company reiterated its long-term targets of double-digit revenue growth, gross margins of 90-95%, and EBITDA margins of at least 20%.
- Conference call to come at 4:30 p.m. ET.
Thu, Mar. 3, 4:04 PM
- XO Group (NYSE:XOXO): Q4 EPS of $0.11 beats by $0.03.
- Revenue of $38.1M (+2.8% Y/Y) beats by $1.64M.
Wed, Mar. 2, 5:35 PM
Mon, Jan. 4, 12:43 PM
- Lifestyle media firm XO Group (XOXO -3.5%) has got a new bull on board as Axiom and analyst Victor Anthony are launching coverage at Buy.
- Anthony has a price target of $21 on the stock -- 31% upside from last Thursday's close (and higher considering today's market downdraft).
- The stock rates as one of Axiom's "top SMID cap ideas" for 2016. Anthony thinks that in a rebounding advertising/commerce marketplace, XO Group will see multiple drivers including growth opportunities in local and national online advertising.
- A survey of local vendors shows high satisfaction, Axiom says, including willingness to take on price hikes.
- “Coming off an investment cycle and exit of underperforming assets, we see 390bps of adjusted EBITDA margin expansion from 2015 to 2017 and FCF per share growing at a 20% CAGR from 2015 to 2018,” Anthony writes.
Nov. 3, 2015, 5:48 PM
- XO Group (NYSE:XOXO) is off 1.1% after hours following Q3 earnings where it beat on top and bottom lines though revenue slipped 3.2% Y/Y.
- Merchandise provided a tough comp; excluding that business, which the company exited back in Q1, revenues rose 10.6% (Merchandise revenues last year were $4.5M). EBITDA of $7.3M beat an expected $5.4M as well.
- Net revenue breakout (continuing businesses): National online advertising, $8.7M (up 18.3%); Local online advertising, $16.4M (up 10.6%); Registry and commerce, $4.8M (up 40%); Publishing and other, $4.9M (down 16.7%).
- Cash and equivalents at quarter's end were $86.3M, compared to $85.6M the prior quarter.
- The company reiterated long-term financial targets of double-digit revenue growth, gross margins of 90-95% and adjusted EBITDA margins of at least 20%, but doesn't expect to meet these targets in 2015.
Nov. 3, 2015, 4:16 PM
- XO Group (NYSE:XOXO): Q3 EPS of $0.11 beats by $0.05.
- Revenue of $34.7M (-3.2% Y/Y) beats by $0.63M.
Nov. 2, 2015, 5:35 PM
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Oct. 2, 2015, 9:28 AM
- XO Group (NYSE:XOXO) is building on its wedding-related business with a couple of complementary deals.
- An acquisition of GigMasters helps the company expand the wedding-related marketplace it built around The Knot website, adding hundreds of thousands of local wedding pros and letting couples transact with bands, DJs, photographers and more.
- Meanwhile, it also made a strategic investment in Jetaport, to better aid couples in researching and booking hotel room blocks and attaining group discounts.
- The company's paying $8.5M in cash to acquire the rest of GigMasters; it owned 28% previously.
Aug. 6, 2015, 4:14 PM
- XO Group (NYSE:XOXO): Q2 EPS of $0.13 beats by $0.07.
- Revenue of $36.2M (-5.6% Y/Y) misses by $0.19M.
Jun. 26, 2015, 11:07 AM
- Shares of media firm XO Group (NYSE:XOXO), home of wedding-focused sites The Knot and Weddings.com, have gotten a boost this morning -- now up 1.9% after quickly rising as high as +3.9%, in the wake of the Supreme Court's ruling in favor of same-sex marriage.
- "As we celebrate the Supreme Court's decision to legalize marriage equality for the entire country, our study shows that LGBTQ couples are hosting intimate weddings, with a focus on the guest experience and lots of personalized details," says The Knot's site director Anja Winikka.
May 7, 2015, 4:14 PM
- XO Group (NYSE:XOXO): Q1 EPS of $0.07 beats by $0.08.
- Revenue of $32.60M (+0.6% Y/Y) misses by $0.46M.
Mar. 10, 2015, 2:59 PM
- XO Group (NYSE:XOXO) has added to yesterday's postmarket gains, up 8.5% following a Q4 earnings report where it grew revenues across the board and guided to continued double-digit sales growth.
- Stifel Nicolaus has upgraded the firm -- runner of wedding/pregnancy media brands including The Knot, The Bump, The Nest, and Weddings.com -- to Buy from Hold. They've set a $20 target, raising it from $15.43.
- Shares are currently trading at $16.75. Shares are up 14.3% over two days.