Strong Revenue and Profitability Growth
Revenue grew by 25% to $996 million, with adjusted EBITDA increasing by 52% to $312 million. This resulted in a Rule of 40 outcome of 43.9, which is up by 10.3 points year-over-year.
Significant Subscriber and ARPU Growth
Subscriber growth was up 10% year-over-year, with 401,000 new additions. ARPU expanded by 11%, driven by price changes, better payments revenue, and some mix benefits.
Regional Contributions to Revenue Growth
Australia saw a 27% revenue growth, while the U.K. and the U.S. contributed to a 25% revenue increase. Subscriber growth in these regions was 11% and ARPU grew by 12%.
Successful Strategic Execution
Completion of long idle subscriptions removal (160,000 subscriptions removed) and strategic investments in AI and mobile technologies to drive future growth.
Improved Payments and Platform Revenue
Payments revenue saw a 65% growth, and platform revenue grew by 28%, contributing 11% of operating revenues.