EarningsBillings and Adj. EBITDA exceeded the high-end of the guide in Q1, led by North America Local Billings accelerating to +11% YoY, the first quarter of double-digit growth in the business since 2017.
Financial PerformanceThe platform's improved/improving supply position is leading to better demand, with the number of brands generating over $1mm in North America billings grew +43% YoY in the quarter.
OutlookPositive 2025 outlook should drive stock.