Unit economics: the only frame growth should be measured in.
Revenue growth without unit-economic discipline is just temporary expansion. Most businesses scaling on paid media in MENA between 2022 and 2025 learned this when CPMs caught up to their margin. The brands that survived were the ones who instrumented LTV, CAC, payback and contribution margin from the start.
We model unit economics by cohort and by channel as the first deliverable of every engagement. The model becomes the operating constraint: spend that worsens LTV/CAC gets cut even if it lifts top-line; retention investment that improves cohort behaviour gets prioritised even when its short-term ROAS looks poor. This discipline is what separates compounding businesses from temporary expansion stories.