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The Q2 results and the Q3 guide were probably surprising even to the most committed TTD bears. We speculate that the impact of the dispute with Publicis was greater than anticipated and will last longer…

A very strong quarter, especially after APP’s results last night. Assuming non-Unity Vector revenue was $60m in Q2, Unity Vector grew 23% Q/Q, which also implies the guide, on the high end, for Unity Vector…

We are updating our model following Q2 FY26 report. Our price target and rating remain unchanged. We currently expect RDDT to report the following results: Q3 FY26: Average Daily Uniques (DAUq) of 133m; $824m in…

Financial metrics look very strong again, but there is somewhat cautious language in the Shareholder Letter about “choppy” search referrals and traffic getting “more volatile” at the end of the quarter. This combination suggests Q2…

We are downgrading ROKU to Neutral following the announcement of its acquisition by FOXA. We regard upside as limited given the acquisition price per share.

We are updating our estimates to reflect Q1 results and the latest guidance for FY26. We are adjusting our price target to $10.50 to reflect the updated estimates and the current valuation. We now expect…

We are updating our estimates following Q1 report. We are now modeling Q2 revenue of $750m, Adjusted Ebitda of $260m and adjusted diluted EPS of$0.44. We expect FY26 revenue of $3,182m, Adjusted Ebitda of $1,259m…

We are updating our estimates following Q1 FY26. For Q2 FY26, we expect Connected TV revenue of $91m, Desktop revenue of $25m and Mobile revenue of $61m. We expect total revenue of $177m, Adjusted Ebitda…

We are updating our model to reflect the Q1 report. We now expect the following results: Q2 FY26: We are modeling Create Solutions revenue of $157m, Grow Solutions revenue of $355m ($305m of Strategic revenue)…

We are updating our model to reflect Q1 results and the most recent guidance. We are adjusting our price target to $587 to reflect the updated estimates and the current market multiple. Our estimates are:…

Another print with a weak guide. This time the release calls out “headwinds in the macro environment”, we think the management will elaborate on the call, until then the Street will believe it’s the impact…

We are updating our model following Q1 FY26 report. Our price target and rating remain unchanged. We currently expect RDDT to report the following results: Q2 FY26: Average Daily Uniques (DAUq) of 128m; $684m in…

We are updating our estimates following Q1 FY26 report. We are raising our price target to $150 to reflect our uprated estimates. Q2 FY26 We expect Advertising revenue of $645m with a gross margin of…

A strong report with additional details thanks to the new disclosure. A few things stand out in the Shareholder Letter; we will be looking for the management’s commentary and details on the call. First, ad…

We are updating our model following Q3 FY26 report. We maintain our Neutral rating. Q4 FY26: We expect subscription revenue of $157m, marketplace & other revenue of $49m and total company revenue of $205m. We are…