dark_matter

[Jonah Lupton @JonahLupton]

$RDDT is down this morning because there are rumors/reports they might walk away from the $60M per year that Google/Gemini is paying them. I'm not too concerned:

1) This might be a negotiating tactic as they approach the end of their original licensing deal, I'm guessing $RDDT wants $150-200M per year as the 6th largest website on the planet.

2) Reddit might believe that Gemini is benefiting way more from their data than Reddit is receiving in return as a cited source which could be negatively impacting their user growth and monetization efforts

3) Based on alt data sources, Q2 revenues are projected to be up 55-60% YoY vs 46% for consensus

4) Based on alt data sources, Q3 revenues are tracking above 70% YoY which means we're probably seeing revenue acceleration... likely from better user growth, better monetization (ARPU), bigger ad budgets being allocated to Reddit, improved ad products & placements

If you include the $2.8B of cash on the balance sheet (and $0 debt)... using current sell side estimates (which are probably too low)... $RDDT is currently trading at 17x NTM EPS with EPS expected to grow at a 42% CAGR for the next 2 years

**fwiw, in my models I have a 50% CAGR for the next 2 years... from $4.54 EPS in CY2025 to $10.28 EPS in CY2027

NFA.
DYOR.
*We are long $RDDT at @FirstWaveFund

[Jonah Lupton @JonahLupton]

Another phenomenal earnings report for $RDDT...
Q1 revs of $663M, up +69% YoY
Q1 ebitda of $266M, up +131% YoY
Q1 eps of $1.07, up +664% YoY
Q1 gross margin of 91.5%

$RDDT beat Q1 revenue estimates by +8.9%
$RDDT beat Q1 ebitda estimates by +18.2%

Meanwhile $RDDT came into Q1 earnings trading at less than 20x NTM EPS... easily one of the most undervalued growth stocks that I own/track.

I believe $RDDT can do $4-5B of net income in CY2030, throw a 25x multiple on that number and $RDDT has 4-5x upside over the next 4-5 years.

NFA.
DYOR.
*I own $RDDT personally and so does @FirstWaveFund

[dark_matter @dark__matter1]

WTS 2 x Louis Tomlinson tickets at Circuit Kingston (formerly Pryzm Kingston) on Friday 30th January. Message for more details

[dark_matter @dark__matter1]

@dejavurudberg I have if you still need?

[dark_matter @dark__matter1]

@fine__line_ I have tickets if you need please message me

[dark_matter @dark__matter1]

WTS 1 x Adele ticket Friday 23 August - block D18. Please message me for details if interested.
Thanks

[dark_matter @dark__matter1]

WTS 2 x Liam Gallagher tickets at o2 Manchester on 20th March 2024. Please get in touch if interested

[dark_matter @dark__matter1]

WTS 2 x Ne-yo tickets in London on 16th March. Section upper 402. Please get in touch for more details

[dark_matter @dark__matter1]

@ABIIOR75 Yeah still available mate

[dark_matter @dark__matter1]

WTS 2 x floor standing tickets 1975 on 20th February at the o2 London

[dark_matter @dark__matter1]

@fallinlovew1th Hiya
I am selling standing tickets and have two of you are still looking to buy?

[dark_matter @dark__matter1]

@fakeitflowerss1 Message me - I have two tickets for tomorrow

[dark_matter @dark__matter1]

@hollybradshaww Hey ,

I am selling if you want to purchase? Let me know

[dark_matter @dark__matter1]

@oliviaagibsonn Hiya
I am selling if you are still looking?

[dark_matter @dark__matter1]

@PiersUncensored @piersmorgan @AbdullaAndalusi You got caught out here at the end @piersmorgan

[dark_matter @dark__matter1]

Want To Sell 2 x tickets to Mo Gilligan on 7th December 2023 in Birmingham (Utilita Arena) for face value (£84 for the pair).

[dark_matter @dark__matter1]

WTS 2x BAKAR TICKETS

Tomorrow Tuesday 28th November.

@eventimapollo London

[dark_matter @dark__matter1]

@jonw101961 BBC reporting has been wildly biased in favour of Israel mainly. This just looks like some rare unbiased reporting …

[dark_matter @dark__matter1]

@piersmorgan A true journalist provides fair and unbiased reporting

[dark_matter @dark__matter1]

❤️ this is showing up for your people