Excellent updates. On $THRY, if consumer acqusition strategy continues to rely on the "Zoo", then I think Ev/Ebitda is less meaningful to value its actual earning power.
If the 20% growth rate holds, 15x EBITDA is not crazy. See my initial write-up with comp sheets. But obviously, as you said, it all depends on whether they can continue to grow their user count outside the zoo
Excellent updates. On $THRY, if consumer acqusition strategy continues to rely on the "Zoo", then I think Ev/Ebitda is less meaningful to value its actual earning power.
and 15x or 25x ev/ebitda seems very generous.
If the 20% growth rate holds, 15x EBITDA is not crazy. See my initial write-up with comp sheets. But obviously, as you said, it all depends on whether they can continue to grow their user count outside the zoo