Archive - Platform Aeronaut

Tech Dilution: Shareholder Heroes, Equity Vampires, and New Dilution Leaderboard

An overview through 2Q24 of stock-based compensation, equity dilution, and the worst offenders with a bonus most improved overview.

Aug 22 •

Is the Consumer Weak or Not? Anecdotes from Companies

Color from Uber, Lyft, Doordash, the airlines, and other leisure names on consumer health

Aug 7 •

May 2024

Tesla Robotaxi: Impact on Rideshare Model

Tesla has made huge strides in Autonomous Vehicle technology and the CyberCab is coming, is it a threat or opportunity for Uber and Lyft?

May 30 •

March 2024

Seven Ways to Look at Stock-Based Compensation & Dilution

SBC can be super esoteric, but a deep dive on investor usage of FCF as a % of FCF/Revenue/Market cap vs % dilution vs DCF and bonus SBC Adjusted Rule of…

Mar 23 •

February 2024

Travel & Leisure Q4 Earnings Quotes

Interesting quotes and anecdotes from Q4 2023 travel and leisure company earnings calls. Consumer demand is still healthy but we've definitely…

Feb 23 •

Airline Loyalty Program Economics & Enterprise Value

Post-covid the ballpark valuation of airline loyalty programs now composes a majority of the Enterprise Value for the big US carriers.

Feb 2 •

January 2024

Excerpts from BG² Conversation with Dara Khosrowshahi

Dara, Brad Gerstner, Bill Gurley, and Jason Calacanis sat down to discuss Uber's history and future around AI, trends, growth, and getting fit.

Jan 16 •

November 2023

Tech Company Dilution: Finding Ground Truth

Intellectually honest quantitative analysis of tech company dilution from mega cap (META, GOOGL, NVDA) to software companies (SNOW, MDB, DDOG) to…

Nov 27, 2023 •

Rideshare & Delivery Nov '23: Profitability and Strong Growth (for some)

All of the big rideshare and delivery companies have reported and so here is a deep dive on margins, FCF, and profitability as well as interesting…

Nov 9, 2023 •

Travel & Leisure Q3 Earnings Quotes

Interesting quotes and anecdotes from Q3 2023 travel and leisure company earnings calls. Lots of interesting commentary on volatility and the impact…

Nov 3, 2023 •

October 2023

Travel Demand Reaction to War & Terrorism

In the wake of the terror attacks and subsequent war in Israel and Gaza this is a deep dive on the impact to travel demand as well as historical…

Oct 27, 2023 •

JSX: Challenger or Regulatory Ambiguity?

JetsuiteX (JSX) has been the subject of heightened scrutiny over whether they're a true challenger to the traditional airline model or just exploiting…

Oct 10, 2023 •

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