Strong Revenue Growth
Consolidated revenue grew 11% year-over-year, or 21% on a constant currency basis, showcasing strong market performance and customer engagement.
Improved Margins
Gross profit margin increased by 217 basis points to 29.3%, and adjusted EBITDA margins improved by nearly 90 basis points to 4.8%.
Significant Free Cash Flow
Generated over $1 billion in free cash flow and $1.5 billion in adjusted EBITDA over the trailing 12 months.
Expansion in Product Commerce Segment
Product Commerce segment revenue grew 6% year-over-year, or 16% in constant currency, with significant customer engagement and increased selection.
Developing Offerings Segment Growth
Developing Offering segment revenues grew 67% year-over-year, or 78% in constant currency, driven by strong performance in Eats and Taiwan markets.
Share Repurchase Program Announcement
Board approved a $1 billion share repurchase program as part of a broader capital allocation strategy.