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Open original source ↗$RDDT was driving me insane.
> massive earnings beat
> just printing FCF since they’re too profitable
> 69% Y/Y revenue growth.
> biggest moat against AI vibe coding from network effect
> 91.5% gross margin.
Was just flat for months. Glad to see it getting more attention. https://t.co/umUxYdXkz7
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$RDDT is getting ridiculous. Looks completely mispriced. Now down 40% over the past few months. If you strip out carry-forward losses, their net profit is ~28% of revenue, which is absolutely enormous. And they’re growing forward revenues 50%+ Y/Y after 70%+ Y/Y growth. If you ever look at $META, you know how much revenue can be optimized/user. There’s an incredibly high ceiling for monetization with Reddit. It’s already derisked since IPO since Reddit is now one of the fastest growing and highest margin companies in the market. One day if it pulls a $CRCL post earnings, we’ll look back and wonder how this was valued at $24 billion MC.
aleabitoreddit ↗