Financial PerformanceCost discipline, advancements in AI, and benefits from corporate restructuring led to the 2Q Adj. EBITDA margin of 27.9%, a 200bp y/y expansion that beat street estimates.
Strategic InvestmentsManagement plans to prioritize product and marketing investments to continue improving the safety, mix of intent, and user experiences on the app.
User EngagementThe May relaunch did drive better engagement trends, particularly with women.