Strong Free Cash Flow Rebound (2025)A material increase in operating and free cash flow provides durable funding for reinvestment, product development, and debt reduction. Sustained FCF at this scale supports strategic flexibility and reduces reliance on external financing, improving long-term resilience.
Improving Balance-sheet LeverageA markedly lower debt-to-equity ratio and substantial equity relative to assets indicate stronger solvency and borrowing capacity. This reduces interest burden risk, enhances ability to fund growth or weather downturns, and underpins sustained strategic initiatives.
Re-accelerating Revenue Growth MomentumA clear pickup in revenue growth suggests recovering advertiser spend and better platform traction. Durable top-line momentum supports operating leverage potential over time, improves bargaining power with partners, and underwrites investments in technology and services.