Q2 2026 saw revenue decline 17% year-over-year and a GAAP net loss of $187 million, but Adjusted EBITDA exceeded guidance and cash generation was strong. Full-year outlook was lowered due to challenging market conditions, with significant restructuring and asset sales planned to strengthen the bala…
Q2 2026 saw revenue decline 17% year-over-year and a GAAP net loss of $187 million, but Adjusted EBITDA exceeded guidance and cash generation was strong. Full-year outlook was lowered due to challenging market conditions, with significant restructuring and asset sales planned to strengthen the balance sheet.
Original document:
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
