It's pretty good considering. Lots of investment has increased subscribers and metrics remain stable. Less investment next year and cashflow break even by guidance being better than -15M Operating EBITDA. Chefgood adding cash on top. Im sure they can replicate that globally. Seems they have leveraged existing subscribers also to increase NR with no associated CAC to them, well done.
Growth in Australia is awesome but work to be done in US. Rolf Webber is a star and glad he is overseeing global operations and new US CEO also.
Great margin maintained also in this environment. Surely woolies or Coles will be eyeing off the Australian business with 50% growth...
should re-rate and show market it not a cash burning machine anymore and can maintain margins in an inflationary environment.
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