Revenue grew 36% year-over-year to $1.5B, with bookings up 8% to $1.6B, but monetization per hour declined due to a shift toward evergreen content and algorithm changes. DAUs reached 123M, with strong international growth, while Q3 bookings are forecast to decline 14–18% year-over-year.Based on Rob…
Revenue grew 36% year-over-year to $1.5B, with bookings up 8% to $1.6B, but monetization per hour declined due to a shift toward evergreen content and algorithm changes. DAUs reached 123M, with strong international growth, while Q3 bookings are forecast to decline 14–18% year-over-year.
Based on
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