We think the combination of recent industry news, ROKU’s latest quarterly report, and the projections ROKU’s management provided to FOXA (disclosed in the S-4) warrants an update on the longer-term outlook for the business. Overall,…

In this note, we argue that the U stock will not remain in the low $40 range for a long time. We believe that the story has evolved to a degree where incremental buyers should…

We think LFTO shares are likely to remain range-bound for some time, for two reasons. First, the optics of the company’s first guidance as a public company were not ideal. Second, APP’s Q2 results and…

We are updating our estimates following Q1 FY26. For Q3 FY26, we expect Connected TV revenue of $99m, Desktop revenue of $27m and Mobile revenue of $64m. We expect total revenue of $190m, Adjusted Ebitda…