Billings GrowthBillings and Adj. EBITDA exceeded the high-end of the guide, led by North America Local Billings accelerating to +11% YoY, marking the first quarter of double-digit growth since 2017.
Long-term Growth PotentialValuations currently still present a favorable risk/reward based on long term growth potential.
Market PositionThe platform's improved supply position is leading to better demand, with the number of brands generating over $1mm in North America billings growing +43% YoY.