High Profitability MarginsExceptionally high gross and healthy operating/net margins reflect a scalable, low-cost digital advertising model and effective cost management. These margins support durable profitability, reinvestment in tech, and resilience across advertising cycles, sustaining long-term cash generation.
Very Low Leverage And Strong ROEMinimal leverage and a strong equity base provide financial flexibility to invest, withstand downturns, or pursue M&A without stressing balance sheet health. High ROE indicates efficient capital deployment, supporting sustainable shareholder returns over time.
Robust Cash GenerationConsistent free cash flow growth and high FCF-to-profit conversion show the business reliably turns earnings into cash. That durability funds dividends, investment in platform improvements, and strategic initiatives, lowering execution risk over multiple quarters.