Streetbeat News

GROM

Grom Social Enterprises, Inc.

Industry

Internet Content & Information

Grom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States. The company operates a social media network for children under the age of 13 years. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies, as well as acquires and develops kids and family entertainment properties and related business opportunities. The company was founded in 2012 and is headquartered in Boca Raton, Florida.

Open

0.00

Mkt cap

3.6K

Volume

337

High

0.00

P/E Ratio

N/A

52-wk high

1.61

Low

0.00

Div yield

N/A

52-wk low

0.00

In Thursday's pre-market session, several communication services stocks showed notable movements. Criteo (CRTO) and MediaAlpha (MAX) led the gainers with significant increases following their Q1 earnings reports. Other gainers included Chicken Soup for the Soul (CSSEP), Grom Social Enterprises (GROM), IAC (IAC), and Bilibili (BILI). On the losing side, Blue Hat Interactive (BHAT) and Global Mofy Metaverse (GMM) saw declines, along with MediaCo Holding (MDIA), HWH International (HWH), Marcus (MCS), and Anghami (ANGH), with some reacting to earnings reports.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 12:07 pm

Grom Social Enterprises, Inc. (NASDAQ:GROM) is advancing towards the acquisition of Arctic7, a Texas-based gaming industry service provider. The companies are now in the definitive documents draft phase of the deal, initially announced in March. This acquisition aims to integrate Arctic7's gaming development services with Grom's family-friendly media and technology solutions, potentially tapping into the $180B gaming industry. Arctic7 is expected to operate as a division within Grom post-acquisition, focusing on delivering engaging gaming experiences.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:38 pm

In Tuesday's after-market session, several communication services stocks saw significant movements. Chicken Soup for the Soul (CSSE) led the gainers with a 63.5% increase, following its Q4 earnings report. Other notable gainers included VS Media Holdings (VSME) and Taboola.com (TBLA). On the losing end, Society Pass (SOPA) and 9F (JFU) experienced the largest declines. The movements reflect a mix of earnings reports and market reactions.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 8:31 pm

Grom Social Enterprises, Inc. (NASDAQ:GROM) and Arctic7 are forming a synergy council to explore gaming production and ancillary revenue growth opportunities following GROM's LOI to acquire Arctic7. This collaboration aims to leverage Arctic7's expertise in game development with GROM's family-friendly entertainment offerings. Arctic7, having achieved significant growth and attended the successful GDC 2024 conference, anticipates reaching $14 million in revenue in FY24. The partnership seeks to expand GROM's properties into games and create original content.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:33 pm

In Thursday's after-market session, several Communication Services stocks experienced significant movements. Notably, Chicken Soup for the Soul (CSSE) led the gainers with a 7.0% increase, while Scholastic (SCHL) headed the losers with a 5.1% decrease following its Q3 earnings release. Other notable movements included Collective Audience (CAUD) and Pop Culture Gr (CPOP) with increases, and Fangdd Network Group (DUO) and iHeartMedia (IHRT) with decreases.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:33 pm

In Friday's pre-market session, several Communication Services stocks showed significant movement. Cardlytics and Getty Images Holdings reported Q4 earnings, leading to a 48.3% and 6.79% increase in their stock prices, respectively. Conversely, Marchex, Kuke Music Hldg, Gaxos.AI, Cheer Holding, Baosheng Media Gr, and Grom Social Enterprises saw declines following their earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

Trading of Grom Social Enterprises shares has resumed after a temporary halt. This development could influence investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:20 pm

Shares of Grom Social Enterprises were halted due to a circuit breaker after experiencing a significant increase, with the stock now up by 14.6%.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:17 pm

Grom Social Enterprises, Inc (NASDAQ:GROM), a Florida-based entertainment provider, has entered into a Letter of Intent to acquire Arctic7, a company specializing in game development, co-development, virtual production, and transmedia IP extension. This acquisition aims to broaden Grom's portfolio, complementing its family-friendly programming, web filtering technology, and safe social media for kids with Arctic7's gaming and virtual production capabilities. Arctic7 will operate as a division within Grom post-acquisition, focusing on delivering engaging experiences and exploring partnership opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:16 pm

In Friday's after-market session, several Communication Services stocks showed notable movements. Fangdd Network Group (DUO) led the gainers with a 71.9% increase, while Sound Group (SOGP) experienced the largest drop among the losers, falling by 5.7%. Other notable companies include Grom Social Enterprises (GROM), PLAYSTUDIOS (MYPS), and Altice USA (ATUS) with varying degrees of gains and losses.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:31 pm

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