Revenue grew 36% year-over-year to $1.5B, with bookings up 8% to $1.6B but at the low end of guidance due to monetization headwinds in younger cohorts. DAUs reached 123M, up 10%, with strong international growth. AI investments and platform changes are expected to drive long-term retention and grow…
Revenue grew 36% year-over-year to $1.5B, with bookings up 8% to $1.6B but at the low end of guidance due to monetization headwinds in younger cohorts. DAUs reached 123M, up 10%, with strong international growth. AI investments and platform changes are expected to drive long-term retention and growth despite near-term margin pressure.
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