🔹 Revenue: $1.26B (Est. $1.28B) 🔴; UP +77% YoY
🔹 EPS: $2.39 (Est. $1.95) 🟢; UP +22% YoY
Q3 Guidance
🔹 Revenue: $1.32B–$1.34B (Est. $1.31B) 😐
🔹 Adjusted EBITDA: $1.07B–$1.09B
🔹 Adjusted EBITDA Margin: ~81%
Other Q2 Metrics:
🔹 Net Income: $820M; UP +164% YoY
🔹 Adjusted EBITDA: $1.02B; UP +99% YoY
🔹 Adjusted EBITDA Margin: ~81%
🔹 Net Cash from Ops: $772M
🔹 Free Cash Flow: $768M
Strategic Updates
🔸 Completed $400M sale of Apps business to Tripledot Studios (cash + 20% equity stake)
🔸 Results from Apps business reported as discontinued operations
🔸 Repurchased 0.9M shares in Q2 for $341M (Class A common)
🔸 Total outstanding shares: 339M (Class A + B)
