RE:RE:AT Q3 Results
Sellthedream2 wrote: All good for this quarter. I understand they had a bigger foreign exchange gain but I'll take it in this environment! This is the time to batten down the hatches and just survive and then thrive. AT is still forecasting a q4 revenue beat, there was obviously some concern there so that's good news.
A pretty good result given the difficult environment we're in and nice to see growth expected in Q4. Pubmatic is forecasting flat revenue for Q4 and The Trade Desk is forecasting growth but at a slower pace than historical standards. I would much rather own a beaten up stock with no growth prospects built into its valuation as compared to Ttd which has astronomical expectations built in.
Ttd has a 14 times price to sales ratio compared to Acuityads which is at around 1 times. I've calculated that it would take 15 years for Ttd to grow sales by 25% per annum and Acuityads to grow at only 5% for their valuations to be equal. It would be very difficult for them to achieve that.
1.25^15/1.05^15 =~ 14