Acquisition ImpactThe Nativo acquisition represents an important milestone, transforming the company into a vertically integrated ad platform with enhanced supply-side, demand-side, and data capabilities.
Product Launch SuccessEarly Pet GPS Tracker sales exceeded expectations, selling out in most launch markets, with strong engagement from existing members and early signs of free-to-paid conversion.
Revenue GrowthFY25 revenue guidance was increased by approximately 2% at the midpoint, largely reflecting momentum in Subscription and Other revenue, and the FY25 adjusted EBITDA outlook was increased by approximately 12% at the midpoint amid continued operating leverage.