Balance Sheet StrengthManagement comments suggest continued de-levering of the balance sheet towards 1x net debt/LTM EBITDA, which further expands the company’s options.
Business DevelopmentThe company is well positioned to develop the business along several routes, including rebuilding MAUs growth, enhancing user engagement on the Fora platform, and exploring data monetization opportunities.
Financial PerformanceDirect advertising has shown strong growth, achieving an 11% increase in Q4, which could be more resilient over time.