Revenue grew 18% year-over-year to $1.18 billion, driven by 11% MAU growth and 7% ARPU increase, but the company posted a net loss of $46.7 million due to higher expenses and restructuring. Significant capital was allocated to share repurchases and a major acquisition, while risks remain around adv…
Revenue grew 18% year-over-year to $1.18 billion, driven by 11% MAU growth and 7% ARPU increase, but the company posted a net loss of $46.7 million due to higher expenses and restructuring. Significant capital was allocated to share repurchases and a major acquisition, while risks remain around advertising dependence, competition, and regulatory changes.
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