Overview
- Revenue reached $1.41 billion versus $1.34 billion expected, up 68% year over year, as EPS rose to $2.45 and topped forecasts.
- Management guided fourth-quarter revenue to $1.57–$1.60 billion and projected adjusted EBITDA of $1.29–$1.32 billion.
- Operating margin expanded to 76.8% in Q3, with free cash flow reported at about $1.05 billion and a 74.7% free cash flow margin.
- Share repurchases were stepped up with a $3.2 billion increase in authorization, leaving $3.3 billion remaining after buying back 1.3 million shares for $571 million in Q3.
- Shares rose roughly 6% in after-hours and pre-market trading as the SEC probe—triggered by a whistleblower complaint and short-seller reports—remained unresolved, with the stock still strongly higher year to date.