The FCF margins are improving for REDDIT
This is why the whole DCF analysis needs to be adjusted, they are careful with their balance sheet and are firing in all the cylinders.
Users are growing, ad revenue is growing and their TAM is growing with their new full funnel approach.
I remain very bullish with Reddit as they overachieved my expectations in terms of free cash flow.
This is not financial advice, and this is simply for information and entertainment purposes. Do your own due diligence on this and I am simply sharing my thoughts on this security.