Depends on how you want to downramp it.
All I care about in is revenue in... Majority are annual memberships so that ARR is already done. As long as new members > existing that don't potentially renew... then you have growth which it clearly has at an exponential explosive rate.
That is the best thing about these sorts of plays... you have exponential growth across multiple MNO's companies and very easy to scale ONCE you have a proven viable product which is insanely hard to do...
Look at all the dogs on ASX that have had RTO's completed with no revenue... FGL, IOT, XPE, SYT, WOO, ODN, ESH list goes on some of which are in administration...
MTN Arena is growing fast ARR $1.2M+ a few more of these sorts of companies and you have some serious revenue streams.
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Depends on how you want to downramp it. All I care about in is...
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