New Street: Mercari (Buy, TP: ¥9,000, +47%) Q4 21: Very strong, profitable in the US
Mercari has reported a very strong set of Q4 figures, substantially beating their recently upgraded guidance. The company is now reporting revenues and operating profit numbers for the US which has for the first time generated operating profit ($4.5m in Q4), 2 years ahead of our expectation, and on the back of an increase in the take rate from 10% a year ago to 15% in Q4.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.