Udemy Inc
Investing in upskilling
2022-04-25
Academic and Educational Services
Consumer Non-Cyclicals
North America
Initiation
We initiate coverage of Udemy, one of the leading global online learning platforms. Udemy provides a marketplace for content creators, learners, and corporates helping users to get access to affordable content from expert instructors.
Nutrien Ltd
Record EBITDA in FY21, higher forecasts for FY22
2022-03-16
Materials
North America
Quarterly Results
Nutrien reports $27.7bn sales, up 33% YoY, and a record Adjusted EBITDA of $7.1bn, up 94% YoY in FY21. High nutrient prices resulted in a record EBITDA in the retail segment and record potash sales volumes.
Mosaic Co
FY21: strong performance despite production cuts
2022-03-08
Materials
North America
Quarterly Results
The Mosaic Company reports a record net income of $1.6bn (+145% YoY), EPS of $4.27 per share, and a record Adjusted EBITDA of $3.6bn (+129% YoY) in FY21. The regular annual dividend was raised from $0.45 to $0.60 per share starting from 2Q22.
Lyft Inc
Lyft FY2021 results – robust revenue and margin
2022-02-10
Industrials
Technology
North America
Quarterly Results
Lyft reports $969.9mn revenue in 4Q21, up 70% YoY and 12% QoQ. The Contribution reached $578.8mn in 4Q21, up 83% YoY and 13% QoQ. Results are in line with our expectations.