Published on: December 8, 2020

Revenue beats pre-COVID expectations

Amino’s trading update for the year ending November 2020 signals the business has performed extremely strongly against a backdrop of COVID-19 driven challenges. At approximately $83m, revenue is c8% higher than FY 19A and slightly ahead of our forecast – which was set prior to COVID-19. The period also saw an improvement in earnings quality and the group’s financial position remains strong. The recommencement of dividend payments is a further positive. We leave underlying estimates unchanged following the announcement and believe the group’s vision of making it easy for people to connect to the TV and Video they love is well attuned to the ongoing structural shifts in TV consumption.

Related Content