While their core ad business has had some headwinds those headwinds are already reflected in the companies earnings. At a 15 PE this seems like a great deal for their core ad business which has managed to overcome changes in the past. They projected revenue growth is still 15% per year, so even numbers less then this the current valuation is attractive. This is also discounting their other projects such as VR which should add to further growth in the future.
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