Yes it does feel weird to talk about 10x stocks during a bear market. But would you rather buy it at the top or bottom?

Below is a link to NY Posts article on adtech scrutiny of companies like $GOOG $GOOGL. In short, if you participate in buying and selling ads, AND have them displayed on your own properties on which you get user data, this law will force a breakup of some parts of that business.

⬆️ for $TTD $PUBM $MGNI and $ATY, although I’m only long $TTD

⬇️ for $GOOG and maybe $AMZN at some point???

FYI WSJ also has an article about this, but it’s behind a paywall.

With the rest of the market missing expectations and giving poor guidance, Ad Tech (businesses) have so far been pretty stable.

Granted, stock prices have dipped with the rest of the market, but the businesses are still performing.

$MGNI reported EPS in line at $0.08, a 166% increase YoY; with sales coming in at $118M, beating the estimate of $107M by 10%, +95% YoY.

$TTD EPS of $0.21 beat the $0.15 estimate by 40%, a +50% YoY gain. Sales came in at $315M, beating the estimated $304M by 3%, a +43% YoY gain.

$PUBM, I don't own anymore, beat EPS estimate by nearly 200% coming in at $0.14. Sales and Q2 guide were in-line with estimates as well.

$CTV just missed the EPS estimate of ($0.05), coming in at ($0.06), however sales beat by 21%, coming in at $25.9M. They reported organic YoY revenue growth of 30%, and +40% revenue growth including their new acquisition of TV Squared. Losses are expected to narrow next Q, and FY'22 revenue is expected between $135-$140M.

$ZMDTF had a +183% YoY Q with revenue of $18.7M and FY'21 revenue of $52.6M, +107% YoY. They also finished the year with a positive EBITDA of $5.8M for FY'21. The company is guiding for a FY'22 revenue of $74M-$80M, approximately +50% YoY.

We're still waiting on reports dates from $APPS $MOBQ $MVVYF.

$KBNT is on the bubble from last Q., they report on May 16.

And the one I'm most anxious/excited about, AcuityAds $ATY, reports on May 12th. They also just got approval for a stock buyback plan. I'll be watching this one closely.

I'd like to consolidate some of these Ad Tech positions after earnings season is over, but so far I've been mostly pleased with the sectors results.

How are you guy's feeling about the Ad Tech sector over the next few Q's? 👇

🦜

Performance YTD: -40.54% vs SPY: -13.60%

Portfolio By Weight:

$NVDA - 13.03%

$SE - 12.21%

$PLTR - 11.32%

$GOOG - $11.07%

$DDOG - 10.60%

$SQ - 7.69%

$ZS - 7.12%

$ABNB - 4.30%

$TSLA - 4.19%

$TTD - 4.00%

$MGNI - 3.78%

$DOCN - 3.18%

$MQ - 2.71%

$OPEN - 2.45%

$QQQ - 2.20%

Tough month, that's for sure. I'm still buying fortnightly, mostly $GOOG... at this point. I haven't sold any positions this month, i'm hoping in years to come i'll be rewarded for holding onto them - I understand some more than likely won't ever make it to all time highs again and could end up being scooped up via M&A's. Time will tell...