Creator And Revenue TrendsPaid creator counts and revenue still showed year-over-year declines despite sequential improvement, highlighting a fragile recovery in core monetization.
Profitability Track RecordA poor history of converting operational strengths into durable GAAP profitability undermines confidence in long-term shareholder returns.
Revenue Growth DependencyEquity upside appears tied to a sustained return to positive top-line growth, which may take time to materialize and to convince investors.