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Scott Devitt

Managing Director and Senior Equity Research Analyst at Wedbush Securities Inc.

New York, New York, United States

Scott Devitt is a Managing Director and Senior Equity Research Analyst at Wedbush Securities, specializing in internet, e-commerce, and online travel sectors. He covers major companies including Booking Holdings, Airbnb, DoorDash, Expedia, Lyft, Uber, and Clear Secure, with a record of 51.93% success rate and an average return per transaction of 11.90%, according to TipRanks, and has generated exceptional single-stock returns such as an 800% gain on a specific call. Devitt began his career as a Financial Analyst at DELL, then held analysis and leadership roles at Legg Mason (from 2000), Stifel Financial, and Morgan Stanley, before joining Wedbush in 2023. He holds a BBA from the University of North Florida, an MBA from the University of Georgia's Terry College of Business, and is registered with FINRA possessing Series 7, 63, 86, and 87 licenses.

Scott Devitt's questions to EBAY (EBAY) leadership

Question · Q3 2025

Scott Devitt asked about the most significant changes eBay anticipates from AI in connecting with buyers and sellers, and its approach to advertising in coming years.

Answer

CEO Jamie Iannone highlighted AI's potential to unlock supply for consumers through instantaneous listing tools like Magical Listing, transform shopping and discovery with personalized recommendations and search leveraging 30 years of data, and accelerate the pace of innovation across the platform, including visual camera intelligence, member-to-member messaging, and multimodal advertising performance.

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Question · Q3 2025

Scott Devitt asked about the anticipated significant changes AI will bring to eBay's business, specifically how it will impact connections with buyers and sellers, and the approach to advertising in the coming years.

Answer

CEO Jamie Iannone highlighted AI's potential to unlock supply by making listing instantaneous, transform shopping and discovery through personalized recommendations and search, and accelerate the pace of innovation across the platform, including multimodal advertising performance.

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Scott Devitt's questions to Rumble (RUM) leadership

Question · Q1 2025

Scott Devitt asked about Rumble's Bitcoin strategy, including its treasury holdings, the go-to-market plan for the Rumble Wallet, and how the crypto initiative integrates with the core business.

Answer

CEO Christopher Pavlovski explained that the Board approved up to $20 million in Bitcoin purchases for the treasury, linking it to the upcoming Rumble Wallet. He detailed that the wallet's adoption will be driven by creator demand for crypto payments, international user transaction preferences, and leveraging Tether's user base. Pavlovski emphasized that the crypto features are a complementary tool that provides a competitive advantage over platforms like YouTube, rather than a change to the core business.

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Question · Q3 2024

Scott Devitt asked for more clarity on Rumble's forward advertising revenue trajectory, wondering if the company could quantify its financial progress beyond usage metrics, especially following the election.

Answer

Christopher Pavlovski, Founder, Chairman and CEO, explained that the business has a stable floor from direct response advertising and now has significant upside from brand advertisers. He noted that Rumble secured its first major brand partnership for December following the disbandment of GARM. Pavlovski stated that while the speed of other brands adopting the platform is the main variable for 2025, he sees it as a major tailwind and is very positive about Q4 performance.

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Scott Devitt's questions to ETSY (ETSY) leadership

Question · Q3 2024

Scott Devitt of Wedbush Securities Inc. asked management to identify which of its key initiatives—gifting, search, shipping, loyalty, or app—has the most potential to stimulate growth.

Answer

CEO Josh Silverman identified building 'consideration' directly within the on-site experience as what he is most excited about. He highlighted the use of Gen AI to understand user context (e.g., wedding planning) to inspire new shopping missions beyond the initial search, which required refactoring screen real estate on the app.

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