AkhenOsiris
RT @AlphaSeeker84: Ugly..time to take it out back and shoot it

$FSLY Earnings:

- Total revenue of $132.4 million, representing 8% year-over-year growth. Network services revenue of $104.2 million, representing 6% year-over-year growth. Security revenue of $25.4 million, representing 13% year-over-year growth. Network Services include solutions designed to improve performance of websites, apps, APIs, and digital media. Security includes products designed to protect websites, apps, APIs, and users.
- GAAP net loss per basic and diluted shares of $0.32, compared to $0.08 in the second quarter of 2023. Non-GAAP net loss per basic and diluted shares of $0.07, compared to $0.04 in the second quarter of 2023.
- GAAP gross margin of 55.1%, compared to 52.3% in the second quarter of 2023. Non-GAAP gross margin of 58.5%, compared to 56.6% in the second quarter of 2023.
- GAAP net loss of $43.7 million, compared to $10.7 million in the second quarter of 2023. Non-GAAP net loss of $9.3 million, compared to $4.6 million in the second quarter of 2023.

“We continued to drive customer acquisition in the second quarter, achieving 4% sequential growth in Enterprise customer count,” said Todd Nightingale, CEO of Fastly. “This, along with the acceleration of our go-to-market motions, contributed to revenue growth above the midpoint of our guidance.”

“However, we are experiencing demand challenges with some of our largest customers, and we are taking measures to align our cost structure accordingly,” continued Nightingale. “This change will enable focused investment in edge cloud innovation and continued go-to-market transformation.”

research.alpha-sense.com?doc… - AlphaSense
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⁠Hidden Value Gems
RT @HiddenValueGems: “Following a fall of almost 70% in its stock price since $WBD was formed in 2022, chief executive David Zaslav and chief financial officer Gunnar Wiedenfels have recently evaluated “all options” to arrest the decline, said two people familiar with the matter.”

“They are considering offers to sell Polish broadcaster TVN or a stake in Warner’s video games business, which holds valuable intellectual property to Harry Potter games.”

“WBD’s management hopes investors will remain patient as they work to turn around the company, they said, believing its true market capitalisation should be about $60bn, or $25 a share.”

via @FT
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⁠Hidden Value Gems
“Usually when I lose games, it's because people have looked deeply at something that I've intuitively sort of discarded. And I guess that's a way you can get an edge in business as well.”

- Magnus Carlsen

An unusual guest at @NorgesBank podcast - probably the world’s best ever chess player @MagnusCarlsen on what investors can learn from chess.
🧵👇🏼

✅ “I think playing chess at an early age certainly teaches you to solve complex problems in a limited amount of time.

Continuing to only play chess probably will not get you far in business, but I think it's a good start.”
1/5 - Hidden Value Gems
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⁠Finding Compounders
Berkshire’s No. 2 : Charlie Munger https://t.co/3HvTYzRqON
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⁠Hidden Value Gems
At the beginning of 2023, the market estimate for aggregate 2025 “Hyperscaler” Capex was just $154bn. This estimate has increased by 51% to $232bn by now.

At the same time, “revenue revisions for 2025 for these four companies have increased by just 4% (and have actually fallen by 9%
since the start of 2022), meaning that their aggregate capex/sales ratio has increased from 10% in 2023 to an estimated 15% in 2025.”

h/t @Argonautcapital

$MSFT has seen the largest increase in Capex/Sales ratio in the past 10 years (now at 18% compared to 3% in 2014).

$AAPL Capex/Sales has actually declined over the same period (from 3% to 2%). https://t.co/83npeBxqn6 - Hidden Value Gems
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⁠Quiver Quantitative
Nancy Pelosi made $4.1M in the stock market today, per our estimates.

This is twice as much as the average U.S. citizen will make in their lifetime. https://t.co/p48bR2K6di
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⁠Finding Compounders
This man runs the biggest sovereign wealth fund in the world

Nicolai Tangen

And he gave a Ted Talk, highly recommended you go listen to it https://t.co/kz5Ko1ntsq
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⁠Hidden Value Gems
Another set of data suggesting current market sentiment is at about historical average level. https://t.co/YTtdg1NIzm

Market sentiment seems to be cautious with 61% of respondents seeing the market as overvalued (vs 43% avg for 1998-2023).

Not in a bubble from this point of view. https://t.co/rvVQUcOCHi - Hidden Value Gems
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⁠Finding Compounders
Warren’s World https://t.co/I1Lyiv0Z1n
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