Strong Enterprise Growth
Enterprise revenue increased by 23% year-over-year in constant currency, with Enterprise ARR growing by 20% and a stable Enterprise NRR on ARR at 99%.
Record EBITDA Margin
Achieved an outstanding adjusted EBITDA margin of 48%, supported by cost discipline and a reduction in marketing expenses due to the scale-back of the Manchester United partnership.
Revenue and ARR Growth
Revenue grew by 8% in constant currency, and ARR increased by 7% year-over-year, demonstrating strong underlying business fundamentals.
Introduction of ARR Metric
Introduced annual recurring revenue (ARR) as a more accurate measure of business growth, eliminating the distortions caused by multi-year deals.
Improved Subscriber Base
SMB subscriber base grew slightly to around 639,000 customers, with a sequential improvement in subscriber churn to 15.4% in Q3.