Cash Gross Margin-- 38.4% cash gross margin in Q2 2025, also within guidance and historical range of the last five years. Adjusted EBITDA-- Adjusted EBITDA was approximately a $40

Below are the transcripts from the Q2 earnings call. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation.

Maintained over 50 million MAUs for the eighth consecutive quarter, MAUs exceeded the post-midterm election Q2 2023 level despite the departure of the platform's largest live streamer. ARPU-- Increased to $0.