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In-line results with a weak Q1 guide. Seasonality implied by the guidance looks different than what the management talked about on the Q3 call. Pricing was up Y/Y in Q4. Commentary on the call will…

We are updating our estimates following Q4 report. Our rating and price target remain unchanged. Q1 FY24: We expect Platform revenue of $722m and gross profit of $376m, Devices revenue of $129m and gross profit of…

The beat is not as big as the Street got used to although the guide is a little more optimistic than in recent quarters… It would be helpful to hear on the call if video…

Better than usual beat and guidance show the soft October patch is behind us now. The question is how much upside to FY24 estimates. We continue to believe that as we go through the year…

Both segments’ results ahead of expectations, Q1 FY24 guidance is also better than the consensus expectations. A couple of things to point out: (i) The Shareholder Letter mentions Y/Y growth in the mobile app advertising…

We are introducing Q1 FY24 estimates ahead of the company’s Q4 report. Our full FY24 forecast, rating and price target remain unchanged. Q1 FY24: We expect Platform revenue of $700m and gross profit of $364m, Player…

The quarter looks on the weaker side. Digital advertising revenue decline was a little below the low end of the guidance. Digital-only ARPU growth decelerated 90bps v. Q3 which is likely disappointing for the bulls….

We are updating our model ahead of Q4 report, our revised forecast is as follows: For Q4 FY23, we expect Connected TV revenue of $62m, Desktop revenue of $30m and Mobile revenue of $69m. We…

We are introducing Q1 FY24 estimates. Our rating and price target remain unchanged. Q1 FY24: We are modeling $48m in Measurement revenue, $84m in activation and $12m in Supply-side revenue. Our Adjusted Ebitda forecast is $39m…

We are updating our model to reflect Q3 results and the guidance for Q4. Q4 FY23: Smart TV shipments of 1.4m, Device segment revenue of $333m and gross profit of ($7m), Platform+ revenue of $166m, gross…

We are updating our estimates following Q3 report. Our Buy rating and price target of $44 remain unchanged. Our latest estimates are: Q4 FY23: We are modeling $61m in Measurement revenue, $99m in activation and…

A very unusual weak guide for revenue of “at least $580m” in Q4 which is 5% below the consensus. We will be looking for a detailed explanation on the call for this black swan-level event….

The Software Platform delivered a blowout quarter, the guide seems to imply further acceleration in Y/Y revenue growth to >80% in Q4. This is the first full quarter of AXON 2 and the segment added…

Digital-only subs generally in-line with what we modeled, digital advertising revenue on the high end of the guidance and operating costs as expected. Digital-only ARPU up Q/Q 1.4% which what bulls want to see. Guidance…

We are updating our model to reflect Q3 results and Q4 guidance. We are adjusting our price target to $88 and Maintain Neutral rating. Our revised forecast is: Q4 FY23: We expect Platform revenue of $807m…