Strong Revenue Growth
Net revenue grew 15.2% year-over-year, driven by 20% growth in retail revenue.
Adjusted EBITDA Performance
Adjusted EBITDA grew approximately 50% to $25.7 million, representing an 11.6% adjusted EBITDA margin and 260 basis points of year-over-year expansion.
Retail Expansion and Productivity
Achieved record retail productivity and the largest ever quarter for new store openings, including the first 5 Target shop-in-shops.
AI and Innovation Partnership
Partnerships with Google and Samsung to develop AI glasses, leveraging AI to enhance customer experience and drive productivity.
Active Customer Growth
Ninth consecutive quarter of accelerating active customer growth, ending Q3 with 2.7 million active customers, an increase of 9.3% year-over-year.