TMTB: AMZN RDDT ROKU
RDDT +13%: HUGE rev beat at $500 vs street at $425M and bogeys of $450. Q3 Rev guide $535-$545M vs street at $472M and bogeys of $485M
US DAUs slight positive vs expects for flat. Global +2.3M vs expects for slight positive. Should be fine.
Biggest rev beat so far as a public co and thats saying something given they usually crush.
Revs accelerated to 78% vs last quarter 62% on a 5ppts tougher comp. This will go a long way to alleviate bear fears that growth will massively decel (street at 30s) in 2H on tougher comps. If we apply same magnitude beat to their q3 guide, implies 77% growth, no decel.
Just need mgmt not to mess things up on the call in respect to DAUs - just nice steady language and stock should be up 15%+ tomorrow imo.
AMZN -3%: Looks solid with Q2 Sales $167 vs buyside at 164. AWS inline at 17% (no accel yet unfortunately) Op inc $19.1B vs expects of $18-$18.5B
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