Core Insights - The Trade Desk (TTD) and PubMatic (PUBM) are key players in the programmatic advertising ecosystem, with TTD as a demand-side platform (DSP) and PUBM as a sell-side platform (SSP) [1][2] The Case for TTD - TTD is optimistic about its market growth due to strong execution in connected TV (CTV), retail media, international expansion, and the integration of Sincera's data insights [3][4] - The Kokai platform has achieved 66% client adoption ahead of schedule, delivering significant cost efficiencies with a 24% lower cost per conversion and 20% lower cost per acquisition [4] - TTD reported first-quarter revenues of $616 million, a 25% year-over-year increase, with adjusted EBITDA of $208 million (34% margin) [5] - CTV accounted for 40% of digital spend, while customer retention exceeded 95% [5] - However, TTD faces challenges from macroeconomic uncertainties and competition from major players like Alphabet and Amazon, which could impact revenue growth [6][7] The Case for PUBM - PUBM's underlying business grew 21% year-over-year in Q1 2025, driven by growth in CTV and Supply Path Optimization (SPO) [8][10] - CTV revenues surged 50% year-over-year, although total sales fell 4% due to a shift from a large DSP client [8][11] - PUBM is investing in technologies like Activate for SPO and Convert for commerce media, and is expanding its international presence, particularly in India, Europe, Australia, and Japan [12] - Despite strong growth in CTV, PUBM's revenues declined 4% year-over-year, raising concerns about its competitive position [13] Share Performance and Valuation - Year-to-date, PUBM and TTD have lost 24.7% and 41.6% respectively, amid macroeconomic uncertainties [14] - TTD is considered overvalued with a forward P/E ratio of 10.87X, while PUBM has a lower ratio of 1.74X, indicating a more favorable valuation [16][17] Analyst Estimates - Analysts have made significant downward revisions for PUBM's earnings estimates, while TTD has seen relatively lower revisions [18][19] - Both companies currently hold a Zacks Rank 3 (Hold) [20] Conclusion - TTD is positioned as a stronger investment case due to its leading DSP role and innovation, while PUBM's potential is tempered by revenue declines and estimate revisions [21][23]

(Exact name of registrant as specified in its charter) As filed with the Securities and Exchange Commission on June 20, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 VIEWBIX INC. (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6770 68-0080601 (I.R.S. Employer Identification No.) 3 Hanehoshet St, Building B, 7th ...

Core Insights - Meta Platforms and Alphabet are leading players in the digital advertising market, with significant revenue growth reported in Q1 2025 [1][2] - Meta's advertising revenues increased by 16.2% year over year to $42.3 billion, while Alphabet's revenues rose by 8.5% to $66.9 billion [1][2] Revenue Projections - eMarketer projects Meta Platforms to achieve revenues of $209.15 billion in 2025, with Facebook and Instagram contributing $116.53 billion and $67.27 billion, respectively [2] - Alphabet is expected to generate $183.8 billion in revenues, with Google and YouTube contributing $189.74 billion and $19.42 billion, respectively [2] - Global ad spending is forecasted to grow by 4.9% to $992 billion in 2025, with digital ad spending anticipated to increase by 7.9% to $678.7 billion [2] Stock Performance - Year-to-date, Meta Platforms shares have appreciated by 18.8%, while Alphabet shares have decreased by 8.5% [3] - Meta's focus on improving advertisers' return on ad spending through AI tools has been a significant factor in its stock performance [6][9] AI Integration and User Engagement - Meta Platforms is leveraging AI to enhance ad targeting and user engagement, with a 5% increase in conversion rates from its new Generative Ads Recommendation model [6][9] - The integration of AI across Meta's platforms has resulted in a 7% increase in time spent on Facebook and a 35% increase on Threads over the past six months [8][9] Growth Expectations - Meta's revenues are projected to grow by 11.9% year over year in 2025, with advertising revenues expected to increase by 11.8% [10] - Alphabet's Google Advertising revenues are expected to rise by 6.6% year over year, driven by growth in Search and YouTube Ads [12] Regulatory Challenges - Both companies face macroeconomic challenges, including tariffs and regulatory pressures, particularly Alphabet, which is dealing with a DOJ lawsuit that could lead to a breakup of its core product segments [3][13] - The DOJ's actions against Alphabet highlight the increasing competition from AI-powered products, posing risks to its market position [13] Earnings Estimates - The Zacks Consensus Estimate for Meta's 2025 earnings is $25.25 per share, indicating a 5.83% increase over fiscal 2024 [14] - Alphabet's earnings estimate remains steady at $9.51 per share, suggesting an 18.28% growth over 2024 [15] Valuation Comparison - Meta Platforms shares are trading at a forward Price/Sales ratio of 8.89X, while Alphabet's ratio is lower at 6.13X, indicating that GOOGL is relatively cheaper [16] Conclusion - Both companies are expected to benefit from strong digital ad spending despite regulatory headwinds, with Meta having a slight edge over Alphabet in the near term due to its strategic initiatives [18]

I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocksAnalyst’s Disclosure:I/we have a beneficial long position in the shares of TTD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not ...

Core Insights - Integral Ad Science (IAS) has launched new contextual category reporting for Meta Platforms, enhancing measurement reporting across Facebook and Instagram Feed and Reels [1][3] - This initiative aims to provide advertisers with trusted, independent third-party measurement tools to support brand suitability and performance goals [1][3] Group 1: New Reporting Features - The new contextual category reporting is part of IAS's Total Media Quality (TMQ) for Meta, offering accurate and actionable brand safety and suitability measurement [3] - Advertisers can access this reporting through IAS's Content Block List optimization solution, which was first launched in October 2024 [4] Group 2: Technology and Insights - TMQ is powered by IAS's multimedia technology, which includes frame-by-frame analysis of video content to deliver precise measurement at scale [3] - The contextual category reporting includes over 46 categories such as Politics, Natural Disasters, and Family & Parenting, available globally in 34 languages [7] Group 3: Company Background - IAS is recognized as a leading global media measurement and optimization platform, providing actionable data to enhance results for advertisers, publishers, and media platforms [5] - The company's mission is to establish a global benchmark for trust and transparency in digital media quality [5]

Core Viewpoint - JP Morgan analyst Cory A Carpenter maintains an Overweight rating on Roku Inc. following a strategic partnership with Amazon, which allows advertisers to purchase Roku's advertising inventory through Amazon's Demand-Side Platform (DSP) [1] Group 1: Partnership Details - The Amazon ads partnership is more deeply integrated than Roku's partnership with The Trade Desk, with Amazon representing a platform-level integration compared to The Trade Desk's Roku-level integration [2] - The partnership provides advertisers with comprehensive platform-level data for better targeting capabilities, allowing visibility into every channel on the Roku platform by matching data sets from Roku with Comcast and Disney [3] Group 2: Revenue Expectations - Roku expects some revenue from the Amazon partnership in the fourth quarter of 2025, but this was not included in the 2025 outlook, indicating a gradual ramp-up rather than an immediate increase [5] - The Amazon partnership is part of several initiatives that give management confidence in providing a full-year outlook, although explicit revenue contribution from this partnership was not detailed [5] Group 3: Stock Performance - Following the announcement of the partnership, Roku's stock is trading higher by 8.04% to $80.39 [6]

Core Insights - The long-term economic potential of AI is estimated to be between $15 trillion and $23 trillion annually by 2040, with opportunities extending beyond data centers into real-world applications [1][2]. Group 1: Company Analysis - Apple is well-positioned to leverage AI due to its extensive ecosystem of 2.35 billion iOS devices, which creates a strong distribution network for AI software [5][6][9]. - The Trade Desk is migrating clients to its AI-driven Kokai platform, enhancing ad bidding and targeting capabilities, which could significantly impact the digital advertising market projected to grow to around $1.5 trillion by 2030 [11][13]. - Robinhood Markets is focusing on AI in financial services, having acquired Pluto to enhance its investment research capabilities, aiming to provide personalized investment analysis through its upcoming Cortex tool [17][19][20]. Group 2: Market Opportunities - The digital advertising industry is expected to grow at a CAGR of 14% from 2022 to 2030, indicating a substantial market opportunity for companies like The Trade Desk [13]. - Robinhood's assets under management (AUM) exceed $200 billion, and the company anticipates that its AI initiatives will drive revenue growth as AUM increases [21][22].

Core Insights - Amazon's advertising business is experiencing significant growth, with revenues reaching $13.9 billion in Q1 2025, marking a 19% increase year-over-year [3] - The company is enhancing its ad platform with new AI-powered tools, including a video generator that showcases products in use, aiming to improve ad effectiveness and attract a wider range of advertisers [2][4][9] - Amazon Ads competes with major players like Meta and Alphabet in the digital advertising space, focusing on leveraging shopping data to deliver relevant ads [5][6] Advertising Performance - In Q1 2025, advertising services accounted for 8.9% of Amazon's total revenues, driven by an increase in brands utilizing its comprehensive ad services, which now reach over 275 million ad-supported users in the U.S. [3] - The advertising platform is expanding its reach across various channels, including Prime Video, Twitch, and live sports, to engage diverse audiences [9] Competitive Landscape - Amazon faces stiff competition from Meta, which leads in social media advertising, and Alphabet, which dominates search and video advertising [5] - Both Meta and Alphabet are also enhancing their ad tools with AI, indicating a competitive push in the digital advertising sector [6] Valuation and Estimates - Amazon's stock is currently trading at a forward 12-month Price/Sales ratio of 3.13X, compared to the industry's 1.98X, reflecting a relatively higher valuation [11] - The Zacks Consensus Estimate for Q2 2025 earnings is $1.34 per share, indicating an 8.94% year-over-year growth, while the estimate for 2025 earnings is $6.31 per share, reflecting a 14.1% year-over-year growth [13]

As filed with the U.S. Securities and Exchange Commission on June 12, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No.3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 KNOREX LTD. (Exact name of registrant as specified in its charter) Cayman Islands 7370 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) Registration No. 333-283112 (Primary Standard Industrial (I.R.S. Employer Identification Number) 21 Merchant Road, #0 ...

Core Viewpoint - The Trade Desk presents a buying opportunity for investors despite recent stock price declines, as it is positioned to capture a growing share of the digital advertising market projected to exceed $1 trillion by the end of the decade [1][9]. Company Overview - The Trade Desk's stock has fallen over 67% from its all-time high at the end of the previous year, with shares currently available at about half of that peak price as of June 9 [3]. - The company introduced an AI platform named Kokai aimed at optimizing ad buying, which has faced challenges in transitioning customers from its legacy platform [5][6]. Recent Challenges - The transition to Kokai was slow, leading to operational struggles and the first earnings miss since going public in 2016, which triggered a significant sell-off in the stock [6][7]. - The stock's decline was exacerbated by new tariffs imposed by the Trump administration, contributing to economic uncertainty and expectations of reduced advertising spending [7]. Recovery and Growth Potential - The Trade Desk has made progress in transitioning customers to Kokai, with two-thirds of customers using the platform as of early May, and reported strong first-quarter results [8]. - The digital advertising market is expected to reach nearly $800 billion this year, with The Trade Desk capturing only a small percentage of that market, having generated $12 billion in customer spending last year [9][10]. Competitive Positioning - The Trade Desk differentiates itself by being platform agnostic, allowing it to place ads across various media, which provides flexibility to advertisers compared to competitors like Google, Meta, and Amazon [10][11]. - The introduction of OpenPath aims to eliminate middlemen, allowing publishers to work directly with The Trade Desk, while the Ventura streaming TV OS is expected to increase ad inventory [12]. Regulatory Environment - Google faces regulatory challenges that may impact its advertising practices, potentially benefiting The Trade Desk by increasing competition for ad inventory [13]. Valuation Considerations - Despite its stock trading at a premium valuation, strong revenue growth and potential margin improvements from new initiatives could justify the current price [14]. - The Trade Desk is perceived to have less regulatory downside risk compared to larger competitors, making it an attractive investment opportunity while the stock remains below recent highs [15].