It had to be a perfect result, and it's not. Operating margins are slipping, Net income Margins slipping.
A few things that stand out to me:
Interntional Churn
Sub Growth rates are declining. Regions outside of Aus are simply not growing that fast.
The source of growth has been price rises. And this is having an effect on Sub growth and Churn. Questions about their actual pricing power?
If it was $70 the result is fine, but the valuation is full.
Ann: FY24 Annual Results Investor Presentation, page-2
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Last
$137.12 |
Change
2.870(2.14%) |
Mkt cap ! $20.73B | |||
| Open | High | Low | Value | Volume |
| $134.96 | $137.19 | $134.67 | $8.902M | 65.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 59 | $137.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $137.17 | 4 | 1 |
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| Last trade - 12.24pm 31/07/2024 (20 minute delay) ? |
| XRO (ASX) Chart |