We are updating our estimates to reflect the updated guidance for FY25. We now expect the following results: FY25: We are modeling $243m in Measurement revenue, $426m in Activation and $72m in Supply-side revenue. Our Adjusted…

In our view, the current narrative about potential impact from Google’s algorithm changes overshadows important developments which support the bull case. Our Buy thesis is predicated on our belief that (i) RDDT is early in…

We are updating our model to reflect Q1 results and the sale of the Apps business. Our updated estimates are: Q2 FY25: We expect total company revenue of $1,205m and Adjusted Ebitda of $976m. We…

We are updating our model following Q4 FY25 report. We maintain our Neutral rating and adjust our price target to $34 to reflect the updated estimates and the prevailing valuation multiple. Q1 FY26: We expect subscription…