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u/imacompnerd
REDDIT_SCRAPED
Bullish thesis on Reddit (RDDT) based on 60%+ YoY revenue growth, 91% gross margins, strong FCF growth, low valuation multiples (24x forward PE, 0.7 PEG), and massive international monetization upside with ARPU at just $2.26 vs $11.85 in US. Key risks include execution on international monetization, AI licensing deal sustainability, and valuation compression if growth disappoints.