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September 18, 2024

The size and potential of shopper marketing is still not fully understood

By Vasily Karasyov

We believe that the current revenue contribution as well as the growth potential of TTD’s shopper marketing business is still not fully understood at this point. We estimate that shopper marketing is on track to…

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September 13, 2024

Good news re: ad revenue growth structure

By Vasily Karasyov

Our Buy thesis is predicated on the argument that the recent and continuing product and monetization improvements will result in upside to the current consensus estimates. In this note we show that, according to our…

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September 4, 2024

Estimates update

By Vasily Karasyov

We are updating our model to reflect Q1 results. We are lowering our price target to $17 and maintain Neutral rating. we now expect the following results: Q3 FY24: We are modeling Create Solutions revenue of…

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August 13, 2024

Updating estimates following Q2 FY24 report

By Vasily Karasyov

We are updating our estimates following Q2 FY24 report. Our rating and price target remain unchanged. We currently expect RDDT to report the following results: Q3 FY24: Average Daily Uniques (DAUq) of 96m; $275m in advertising…

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