So stadium, ball arena, Emirates. >> Can you see these entities going public. >> Absolutely.I think someone will at some point, right. Like because either private equity keeps buying in and you get those raises or at some point someone will say, I want to take this public to get a liquidity event and whether fandom will go. Now the interesting thing is if you imagine KSC going public, do Denver fans buy in. Do LA fans buy in.you know, how do you handle, you know, international exchanges in the UK. Lots of c ...

Core Insights - Arlo Technologies reported an insider sale by Brian Busse, the general counsel, involving the exercise of 50,000 options and the sale of 18,841 shares, indicating ongoing drawdown in executive holdings [1][9] Transaction Summary - The transaction involved the sale of 18,841 shares valued at approximately $257,920.10, with a post-transaction direct ownership of 551,014 shares valued at $7,482,770.12 [2] - The shares were sold at a weighted average price of $13.69, close to the market close price of $13.58 on January 9 [2][6] Company Overview - As of January 9, Arlo Technologies had a market capitalization of $1.42 billion, with a trailing twelve months (TTM) revenue of $509.57 million and a net income of $4.30 million [4] Business Model and Strategy - Arlo Technologies offers a range of smart security devices and generates revenue through device sales and recurring subscription services, targeting residential and small business customers across North America, EMEA, and Asia Pacific [7][8] - The company focuses on delivering user-friendly, connected security products with value-added subscription services, leveraging a cloud-first approach and integrated hardware-software solutions [8] Financial Performance - Arlo's annual recurring revenue reached $323 million, reflecting a nearly 34% year-over-year increase, with subscriptions and services contributing to over half of total revenue [10] - The gross margin for subscriptions and services improved to approximately 85%, up 770 basis points year-over-year, while adjusted EBITDA increased by 50% to about $17 million [10]