$RDDT results look very strong. The Google referral concern is real, but seems overweighed. App retention (+50% YoY) points to stickier direct users who monetize far better than search traffic. After the selloff, $RDDT looks ~18x (or less) on forward earnings once you factor in continued growth and its cash balance. Google/OpenAI licensing remains free upside. PEG <0.7. 43% EBITDA margins. 8 straight quarters of 60%+ revenue growth.
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NickMtb @nickmtb · 2d
Bought more as I digested the earnings....ready to add my re if goes back to $100
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