Chapter 754: Jack Ma Sudden Attack
?Of course, in the minds of many potential investors, New Era Group may not be classified as an Internet company. If we have to say it, it is more like a comprehensive media group like News Corporation. Compare the financial report released by News Corporation with the data of New Era Media.
As the saying goes, people are more dead than people, and goods are thrown away. It is not better than not knowing, and one is shocked twice. Although the financial report for the second quarter of this fiscal year has not yet been announced, according to the first report released by News Corporation a few months ago Judging from the first-quarter financial report, this quarter's revenue fell by 4.5% year-on-year, which is also the third consecutive quarter of its revenue decline.
Of course, the main reason for the decline in News Corporation's revenue is the further decline in the revenue of the company's core news and information service business. For example, Dow Jones and the Wall Street Journal are both part of News Corporation's core business. It has been bad, and it will inevitably affect the revenue performance of the entire News Corporation.
In the first fiscal quarter ended March 31, News Corporation’s total revenue was only $2.01 billion, down 4.5% from $2.11 billion in the same period last year.
News Corporation's net profit attributable to shareholders in the first quarter reached $175 million, or 30 cents per share, an increase of 169% from $65 million or 11 cents per share in the same period last year, mainly due to its first quarter Obtained a one-time tax benefit related to the sale of the digital education business.
However, affected by factors such as the weak performance of Australia's print advertising market and exchange rate fluctuations, News Corporation's first-quarter earnings before interest, tax, depreciation and amortization fell by 11% year-on-year, and its advertising revenue in the Australian market declined in the first quarter. up to 30%. Advertising revenue at its news and information services unit fell 13%.
This means that the profits of News Corporation will be greatly reduced. Compared with New Era Media's figure of nearly 6 billion in half a year, it can undoubtedly prove one thing, that is, this newly emerging media giant has completed its work to a certain extent. It surpassed one of the established giants.
Although Eddie, who was standing in front of the big screen and smiling, did not reveal the actual profit of New Era Media, who is not a smart person here? The biggest cost expenditure of New Era Media is only equipment and manpower. If this part is thrown out, the rest Almost all of the money from New Era Media can be included in the profit. The proportion may be astonishing, but the exact amount is unknown, but judging from the radiant expressions of the shareholders who have joined New Era Media, we can tell that they are quite satisfied with the investment .
If we can continue to maintain this revenue capability, by the end of the year, it is not a dream that the total revenue will exceed 10 billion U.S. dollars. This kind of obvious opportunity to make money will make those investors who are already very tempted red-eyed and look at Yang. Orange's gaze is like looking at a golden mountain, and it is exposed, it has become a large golden mountain of gold ingots, as long as you run over, bend down and reach out your hand, you can pick it up and it will be money!
As the earliest hedge fund tycoon who participated in the A round of financing, Bill Ackman, the CEO of Pershing Square, also attended the meeting in person today. With a bright smile, he has long forgotten the reluctance when he was asked to pay more in the B round of financing. It is very shameless to think that I have made an outstanding investment. According to the current posture, no one will object to estimating the market value of New Era Media at 20 billion US dollars. Then again, if anyone dares to object, he will be Bill Ake Man was the first to jump out and slap him several times.
Speaking of which, Bill Ackman's life is not easy recently, because the pharmaceutical stocks he followed up with a lot of money have fallen by more than 80%. This is the only one in the biopharmaceutical sector that has been green this year. , but the horse stumbled, and people sometimes misunderstood. Even if this loss did not seriously hurt Pershing Square's vitality, it hurt its muscles and bones. He was ready to deal with the next cold winter by laying off staff.
That's not enough, just before he came to the shareholders' meeting,
Bill Ackerman is still hesitating whether to continue to invest in New Era Media, but now, this hesitation has long been blown by the wind, and now he has to continue to bet on Yang Cheng even if he loses his fortune. He believes that the more he invests now , the more lucrative the future returns will be.
Thinking of this, his gaze at Yang Cheng became more intense, wishing he could roast Yang Cheng.
Yang Cheng also felt such a strong gaze, turned his head to look over the situation, and happened to meet Bill Ackerman with a man-eating expression, and was stunned for a while and kept cursing in his heart, "How long has this old boy not eaten meat?" ? Why are the eyes glowing green?"
They just glanced at each other and quickly looked away, for fear that they would be eaten alive if they were a second late.
Right ahead, Eddie's introduction continued. Although the artistic exaggeration was based on the facts, Yang Cheng had a clear conscience. If he wanted to make money from these vampires, he had to mobilize their appetites. They have to know how delicious their prey are before they are willing to pay a higher price.
The effect was indeed good. After Eddie finished his introduction, there was thunderous applause in the venue. Undoubtedly, everyone's confidence in New Era Media will be raised to a higher level.
At this time, Jack Ma also looked at Yang Cheng with a smile on his face and said, "Mr. Yang, I wonder if you can introduce the group's investment in the cloud computing field. After all, after the last round of financing, I have discovered new A large amount of working capital of Times Media has been used for the construction of the cloud computing center."
On formal occasions, Jack Ma also changed a relatively formal name in due course. Yang Cheng was not surprised, shrugged and replied, "At present, major corporate giants in the world are stepping up investment in cloud computing business, and cloud service platforms are gradually increasing. Formed a battle of the gods pattern with Amazon, Microsoft, and Google as the first echelon, followed by Facebook including Aribaba in Country Z.
Aside from the help of this emerging technology and field to our own group business, I don’t think anyone will question its profitability alone. As the most profitable company in this field, Amazon’s cloud services have been able to achieve a single quarter. The ability of the net revenue to exceed US$2 billion is an increase of more than 50% compared to the same period in 2014 of less than US$1 billion. According to our estimates, by the end of next year, Amazon’s cloud computing business will bring them more than US$10 billion. US dollars in revenue, and two years later, it is entirely possible to approach 20 billion US dollars. "
After a pause, let everyone digest his words briefly, and then said, "And our core business Toutiao app also relies heavily on cloud computing. If we don't want to be controlled by others in the future, it is necessary to build our own cloud service platform." One way to go, and to expand as much as possible while the entire industry has not been integrated, to satisfy oneself and at the same time to achieve feedback. Whether you agree with this way or not, New Era Media will unswervingly go on. "