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  "documentTitle": "Intuit Inc. (INTU)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2024-09-20 00:00:00",
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  "notes": "Data table comparing Mailchimp, Constant Contact, Klaviyo, Zoho, and Sendgrid.",
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      "text": "We note that Mailchimp login page trends have lagged even the performance of Constant Contact, which is widely viewed as an incumbent leader now losing share to others,",
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      "text": "YoY Change: -13%",
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      "text": "We suspect Intuit acquired Mailchimp for its revenue growth profile. However, growth at Mailchimp has slowed dramatically. While Intuit management already disclosed a YoY growth deceleration on its recent earnings calls, our review of Similarweb data suggests that weakness continued into FQ1. We note that Mailchimp login page trends have lagged even the performance of Constant Contact, which is widely viewed as an incumbent leader now losing share to others,",
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      "text": "Source: Similarweb, Intuit FQ3 2024 earnings call transcript, Spruce Point Research",
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      "text": "Similarweb Website Traffic and Login Page Traffic For Mailchimp and Selected Peers",
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      "kind": "title",
      "text": "Web Traffic Data Suggests Mailchimp's Weak Start To 2024 Has Continued",
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