Another random thought: could they have seen a demand uptick throughout Facebook’s struggles?
It was addressed on conf call. Will post transcript later.
Net is more data was bought thru their platform in march than ever before, despite all the concerns on data due to FB.
They believe brands/agencies view digital/programmatic as a primary driver and not just as a supplemental driver, and thus they need to diversify beyond the top search giant and top social network.
GDPR is a good thing for them…they have been at forefront of data privacy for almost a decade.
Biggest drivers continue to be outside of FB and GOOGL grasp, such as intl/china (they bring brands to spend money in china…win-win for china), audio, mobile, and of course CTV.
They executed nearly flawlessly. Again.
Guidance calls for $433m, which is 44% y/y guidance. So assume they beat as usual.
Profitable, positive FCF, growing 60% y/y in latest Q and CTV is in “first inning”.
Very few companies can match that rev growth and FCF/profitabilty when over $400m/yr rev mark.
Dreamer