Third Quarter 2024 Financial, Operational, and Liquidity Highlights
- Revenue was $919.0 million, up 29% year-over-year.
- Bookings1 were $1,128.5 million, up 34% year-over-year.
- Net loss attributable to common stockholders was $239.3 million, while consolidated net loss was $240.4 million.
- Adjusted EBITDA1 was $55.0 million, which excludes adjustments for increases in deferred revenue and deferred cost of revenue of $216.3 million and $(47.9) million, respectively, or a total change in deferred of $168.4 million.
- Net cash and cash equivalents provided by operating activities was $247.4 million, up 120% year-over-year, while free cash flow1 was $218.0 million, up 266% year-over-year.
- Average Daily Active Users ("DAUs") were 88.9 million, up 27% year-over-year.
- Average monthly unique payers were 19.1 million, up 30% year-over-year, and average bookings per monthly unique payer was $19.70.
- Hours engaged were 20.7 billion, up 29%year-over-year.
- Average bookings per DAU was $12.70, up 6% year-over-year.
- Cash and cash equivalents, short-term investments, and long-term investments totaled $3.9 billion; net liquidity2 was $2.9 billion.
