Today’s FY update highlights DOTD’s successful ongoing geographical expansion, with >10% y/y international revenue growth, driving +6% ccy for the Group. The company’s new AI tools and platform upgrades have attracted new, larger customers and enticed existing large customers to consolidate their tech stacks, contributing to +8% u/l ARPC growth a trend that should continue, particularly post the acquisition of Social Snowball (‘SS’), which offers cross-sell and upgrade potential. DOTD is trading at >6% FCF yield - an undemanding price given DOTD’s quality of revenue and potential to accelerate growth through Social Snowball.
