Question · Q2 2025
Joseph Spiezio from BTIG asked for insight into the directional trend for EBITDA following the profitable quarter, questioning whether this level of profitability is the new normal or if seasonal fluctuations should be anticipated.
Answer
CFO John Janedis clarified that the business remains highly seasonal, with Q2 historically being the strongest quarter for adjusted EBITDA. He explained that while the second half of the year typically sees meaningful subscriber growth, it also incurs higher marketing costs. Therefore, he advised that normal seasonal profitability trends should be expected to continue directionally.
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