Travel Sites Take a Hit from the Pandemic -- -2-

05/07/2020 | 04:24pm

S4 Capital PLC: The U.K. digital advertising and marketing services company said both revenue and gross profit rose sharply in the first quarter despite the impact of the pandemic, and it is confident it will deliver double-digit like-for-like growth this year.

SK Telecom: The South Korean wireless-service company's first-quarter net profit fell 18% from the year before due to weaker income from its stake in SK Hynix. SK Telecom Co. said the pandemic slowed the pace of revenue growth, but it still expects steady growth in future thanks to expanding 5G services and increasing data usage.

Superdry PLC: The British fashion brand said it won't pay a dividend for fiscal 2020 and it expects full-year revenue to fall significantly as the pandemic has slashed sales in the fourth quarter.

Tegna Inc.: The broadcasting company reported higher profit and revenue for the first quarter, driven by subscriptions and political-advertising spending, which it said could help offset the downturn in non-political advertising amid the pandemic.

Telefonica SA: The Spanish telecommunications company said its net profit and revenue for the first quarter of 2020 dropped year-on-year as the pandemic put higher pressure on its B2C and B2B segments.

ViacomCBS Inc.: The media company -- a combination of Viacom Inc. and CBS Corp. that closed in December -- reported lower revenue, driven by weaker advertising, but ViacomCBS reported growth in its streaming business as consumers stayed home.

YETI Holdings Inc.: The maker of coolers and insulated drinkware reported fiscal first-quarter sales and profits that topped expectations, but it pulled its full-year guidance amid a sharp drop in sales due to the pandemic.

 

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