How did Q4 perform compared to 2023?

Q4 revenue grew 12% year over year to $981 million. 2023 revenue increased 9% year over year to $3,055 million. Global Monthly Active Users (MAUs) increased 11% year over year to 498 million. GAAP net income was $201 million for Q4. GAAP net loss was $36 million for 2023.

How much revenue will we expect in Q1 2024?

For Q1 2024, we expect revenue to be in the range of $690 million to $705 million, representing 15-17% growth year over year. We expect Q1 2024 Non-GAAP operating expenses* to be in the range of $450 million to $465 million, representing 9-13% growth year over year. Please note that our operating expense guidance does not include cost of revenue.

How did global monthly active users perform in Q2?

Global Monthly Active Users (MAUs) increased 8% year over year to 465 million. GAAP net loss was $35 million for Q2. Adjusted EBITDA was $107 million for Q2. Total costs and expenses were $781 million. We completed our $500 million stock repurchase program.