Significant Revenue Growth
Revenue reached $585 million, up 68% year-over-year, demonstrating strong growth.
Profitability Milestone Achieved
Achieved a targeted adjusted EBITDA margin of 40%, a profitability goal set at the IPO, with GAAP net income of $163 million and a net margin of 28%.
User Engagement and Growth
Daily active users (DAU) and weekly active users (WAU) both grew around 20% year-over-year, with international DAU growing 31%.
Advertising Business Expansion
Advertising revenue reached $549 million, up 74% year-over-year, with the total active advertiser count expanding by over 75% year-over-year.
Cash Flow and Balance Sheet Strength
Generated $183 million in cash flow, with cash and cash equivalents on the balance sheet now at $2.2 billion.