All Reports

We think Q3 results will go a long way in giving the Street incremental conviction in the growth trajectory going forward. Performance advertising revenue growth re-accelerated implying monetization initiatives launched last year continue to yield…

we are updating our estimate of subscription revenue for Q2 FY25. Q2 FY25: We expect subscription revenue of $136m, marketplace & other revenue of $40m and total company revenue of $176m. We are modeling adjusted gross…

In this note we show that an acceleration in Platform revenue growth in FY25 looks doable given the growth trajectory of the existing revenue streams and the opportunity presented by the partnership with TTD and…

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…

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…

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…

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…

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…

We are raising our 12 month price target to $107 and maintain Buy rating. Our updated estimates are: Q3 FY24: we are modeling Software Platform revenue of $754m and Adjusted Ebitda of $558m, Apps revenue…

We are updating estimates following Q2 report. Our rating and price target remain unchanged. We are now modeling Q3 revenue of $618m and Adjusted Ebitda of $248m. We expect full FY24 revenue of $2,432m and…

The question now is how much upside there is to Q3 and Q4 estimates and what will Fy25 look like as get get closer to it. Q2 results and guide for Q3 once again show…

We are updating our model following Q1 FY25 report. We maintain Neutral rating and adjust our price target to $23.50 to reflect the recent valuation multiple compression. Q2 FY25: We expect subscription revenue of $176m, marketplace…

We are updating our model following Q21 report, our revised forecast is below. Our price target and rating remain unchanged. For Q3 FY24, we expect Connected TV revenue of $63m, Desktop revenue of $27m and…

The beat is smaller than in previous quarters since AXON 2 launched but in line with the company’s message of Software Platform revenue growing in the mid-single digits Q/Q absent software improvements similar to the…

We are updating our model following Q2 FY24 results. We are raising our price target to $58 to reflect our updated forecast. Our estimates for Q3 FY24 are: 10,445K digital-only subs at quarter end Digital-only…