Sees adjusted EBITDA $710M-$810M. The company said, “Our 2026 plans are still being finalized, but we currently expect to invest several hundred million dollars more in new initiatives and platform development in 2026 than we did in 2025. We wish there was a way to grow a baby into an adult without investment, or to see the baby grow into an adult overnight, but we do not believe this is how life or business works. Instead, we attempt to invest in a way that manages to milestones, allocating the appropriate amount of time and resources at the right stage of development. We are fortunate that building the future of local commerce has so many interesting areas of exploration and, while it’s hard to perfectly forecast the progression of these projects, we are lucky that so many of our experiments are now ready for greater investment.”
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