Stop the presses! These ASX media shares bested the rest in FY21.
The post 5 best ASX media shares of financial year 2021 appeared first on The Motley Fool Australia. –
The ASX is home to a number of big and small-name media shares, and we’ve found the 5 best performers of the 2021 financial year.
Shareholders of these entertainment, marketing, and news companies, get ready to celebrate!
5 best ASX media shares of FY21
For simplicity’s sake, we’ve narrowed this list down to ASX media shares with market capitalisations higher than $100 million.
Seven West Media Ltd (ASX: SWM)
The Seven West Media share price was best in class in the 2021 financial year, gaining a whopping 365%.
Its share price started the financial year at just 9.1 cents but, by its end, it was trading at 46.5 cents.
Seven West owns the West Australian newspaper and Channel Seven free-to-air television stations.
However, Seven was the first media company to claw its way out of the social media-meet-government pit, quickly making deals with some of the internet’s biggest players. First, with Alphabet Inc (NASDAQ: GOOGL), and later with Facebook.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
The Nine Entertainment share price also did well in the financial year just gone. It gained an impressive 110%.
Having opened the financial year at $1.38, shares in Nine finished it trading for $2.91.
Nine is the definition of a media conglomeration. It owns the Channel Nine network, the Macquarie Radio network, the Stan streaming platform, and former Fairfax newspapers including The Sydney Morning Herald, The Age, and the Australian Financial Review.
Like many other media companies, Nine penned deals with Google and Facebook over the financial year. However, Nine didn’t announce the deals until June.
News Corporation Class B Voting CDI (ASX: NWS)
Despite a barrelling of bad news, the News Corp share price gained 87% in the financial year just been. Its shares began the period swapping hands for $17.11 and finished the year trading at $32.16.
The conglomerate owns a multitude of newspapers and media titles including The Australian, News.com.au, The Daily Telegraph, Herald Sun, and The Courier-Mail.
Luckily, a series of more positive quarterly reports kept the market feeling positive about the Murdoch-owned entity.
oOh!Media Ltd (ASX: OML)
Ooh!Media shares grew by 78% during the year ended 30 June 2021 – its share price went from 91 cents to $1.75.
Ooh!Media specialises in ‘out of home’ advertising products such as billboards, transport advertising, and digital media. It also holds media brands Junkee and Punkee, and clients such as American Express Company (NYSE: AXP) and Netflix Inc (NASDAQ: NFLX).
IVE Group Ltd (ASX: IGL)
Finally, IVE Group’s share price made it onto this list after gaining 69% in the 2021 financial year.
On 30 July 2020, its share price closed at 80 cents. Exactly 12 months later, it finished at $1.45.
IVE Group is a print and marketing communications company that specialises in print, mobile, and interactive media. Examples of its work include catalogues, magazine printing, and marketing materials.
Finally, it released a positive business update and earnings guidance in late May.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of May 24th 2021
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. American Express is an advertising partner of The Ascent, a Motley Fool company. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alphabet (A shares), Alphabet (C shares), Facebook, and Netflix. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Facebook, Netflix, and oOh!Media Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.