Revenue and Operating Income Surpass Guidance
Q2 revenue increased by 8%, surpassing guidance, with a notable acceleration in Marketplace and other to 18% growth. Non-GAAP operating income climbed 10%.
Record ARR Growth
Net new ARR in Q2 was $14 million, the largest organic increase in the past 7 quarters, equating to year-on-year growth of 7%.
Successful New Logo Contracts
Signed a multimillion-dollar new logo contract with a global auto manufacturer and a multimillion-dollar upsell with a leading social media platform.
Positive Impact of New Pricing Model
New usage-based pricing model has received overwhelmingly positive feedback, attracting new customers and expanding existing contracts.
Strategic Investments in AI and Commerce Media
Investments in AI product enhancements and new partnerships with companies like Netflix and Meta drive growth and innovation.
Commitment to Rule of 40
On track for Rule of 31 this fiscal year, with 9% revenue growth and 22% operating margin, aiming for Rule of 40 by FY '28.