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  "docSlug": "b7552e0029a0cff631580e601cea3db4",
  "documentTitle": "Adtheorent | SPAC Presentation Deck | 45 slides",
  "authorId": "adtheorent",
  "authorName": "Adtheorent",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-06-01 00:00:00",
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  "pageNumber": 36,
  "pageCount": 45,
  "prevPage": 35,
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  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 16,
  "notes": "The slide uses two bar charts to compare valuation metrics. The '42% discount' claim is highlighted as the primary takeaway.",
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  "slideHref": "/slides/019de071-17ea-7399-aac0-75542acc56ea/36",
  "deckHref": "/decks/019de071-17ea-7399-aac0-75542acc56ea",
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  "deckAnchorHref": "/decks/019de071-17ea-7399-aac0-75542acc56ea#slide-36",
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      "kind": "callout",
      "text": "Transaction Priced at 42% Discount to Peer Revenue Multiples",
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      "text": "TEV / Revenue 2022P",
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      "text": "TEV / Adj. EBITDA 2022P",
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      "kind": "disclaimer",
      "text": "Sources: CapIQ and Factset. Note: Market data as of June 2, 2021. Negatives multiples or those >85.0x reflected as 'NM.' (1) Calculated on a Revenue ex-TAC basis. Excludes media inventory and other costs related to AdServing, AdVerification, Data providers, and Research from gross revenue. (2) Metrics pro forma for Magnite's acquisition of SpotX. (3) Metrics pro forma for Cardlytics' acquisition of Bridg.",
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      "kind": "title",
      "text": "Attractive Valuation Based on Public Market Comparables",
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      "evidence": "Comparing company valuation multiples against a peer group to establish relative value.",
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