• Revenue: $950M (+36.3% YoY) vs. $895M est.
• Adj. EPS: $0.11 vs. $0.08 est.
• Adj. EBITDA: $277M (+49% YoY, record)
• Fee-Based Revenue: $409M (+50% YoY, record)
• Members: 12.6M (+35% YoY)
• Products: 18.6M (+36% YoY)
Raised FY25 Guidance:
• Adj. Revenue: ~$3.54B (prev. $3.38B)
• Adj. EBITDA: ~$1.04B (prev. $960M)
• Adj. EPS: ~$0.37 (prev. $0.31)
• Adj. Net Income: ~$455M (prev. $370M)
• Tangible Book Value Growth: ~$2.5B (prev. $640M)