Like all tech companies, XRO is looking to further monetise its ~4.2m subscribers with price hikes pushed through in Q3. Investors will be focusing next month on how sticky users are with these higher prices; we suspect very. We covered XRO in detail last week (here) and plan to stay long into November’s result—we are holding a 4% position in our Active Growth Portfolio.
- We have considered trimming our XRO position a few times in 2024, but it keeps grinding higher, although we are conscious that it is set to report in November MM will reassess our position once all is revealed.
MM is long and bullish XRO
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