Based on WoW pixel growth, it seems like $APP’s ecommerce business is starting to gain traction. I suspect we continue to see good pixel growth ahead of black friday / cyber Monday and overall holiday shopping. Based on Q3 alt data, $APP should beat consensus numbers by 450-500 bps which would be +11% QoQ growth with a shot at 12-13% QoQ. Right now the sell side is looking for Q4 revenues to grow 10% QoQ, I think that’s too light, will be at least 200-300 bps higher especially if ecommerce starts to contribute something.
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