Financial PerformanceReported EBITDA only inline with expectations despite revenue beat, with guidance implying a sustained loss in Q2.
Guidance And ProfitabilityManagement shifted its messaging around adj. EBITDA profitability, from guiding positive adj. EBITDA in 3Q previously, to breakeven at a $600M annual revenue run rate.
Stock Price ImpactLower-than-expected guidance has led to a decline in share value.