Revenue up 69%, net income nearly doubled, FCF $311M vs $127M YoY; ARPU $5.23 (+44%) still far below Instagram; DAUs +17% led by international +26%. High growth + margin expansion + buybacks at <20x forward earnings creates a classic growth-at-reasonable-price opportunity, especially if ARPU continues converging toward social media peers. RDDT is a compelling long-term growth value play with improving fundamentals and shareholder-friendly capital allocation. Ad platform effectiveness questioned by top comment (low conversion); user experience deterioration could slow DAU growth; competition from Meta/Instagram; macro slowdown impacting ad budgets.
Revenue up 69%, net income nearly doubled, FCF $311M vs $127M YoY; ARPU $5.23 (+44%) still far below Instagram; DAUs +17% led by international +26%. High growth + margin expansion + buybacks at <20x forward earnings creates a classic growth-at-reasonable-price opportunity, especially if ARPU continues converging toward social media peers. RDDT is a compelling long-term growth value play with improving fundamentals and shareholder-friendly capital allocation. Ad platform effectiveness questioned by top comment (low conversion); user experience deterioration could slow DAU growth; competition from Meta/Instagram; macro slowdown impacting ad budgets.