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Redeye comments on Sleep Cycle's Q3 2024 report, which showed a growth rate of 8.4% y/y (9.9% currency-adjusted) and an EBIT margin of 31%. This was close to our estimates. However, the user growth q/q was significantly stronger than what we had expected and the highlight of the report. We anticipate moderate adjustments to our near-term estimates and fair value range.
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