JPM says Russia-Ukraine conflict will have some impact on Internet sector

Criteo SA (Pre-Reincorporation)

08/03/2022 12:43

** J.P.Morgan says Russian-Ukraine conflict has created an
entirely new set of risks for internet companies
    ** Brokerage says direct impact from disruption or shutting
of businesses in Russia and Ukraine is small for most of its
coverage, except Farfetch Ltd 
    ** However, JPM says bigger impact will likely come from
changes in consumer behavior and travel in Europe, brand
spending activity and gas input prices
    ** JPM expects Alphabet Inc  GOOGL.O  (YouTube), Meta
Platforms  FB.O , Snap Inc  SNAP.N , Twitter Inc  TWTR.N  and
Pinterest  PINS.N  to experience some disruption in ad revenue
    ** "We believe TWTR could be most at risk, with SNAP likely
the most resilient" - JPM
    ** Adds that between rideshare and food delivery, rideshare
cos would find it easier to pass on costs to customer compared
to food delivery cos

 (Reporting by Aniruddha Ghosh in Bengaluru)
 ((Aniruddha.Ghosh@thomsonreuters.com; 91 83 83 81 2416;))