![]() The 65 million daily active users in January marked the company’s “highest ever” performance on the metric, Baszucki shared on the earnings call. 9, 2021, when it soared more than 42%, according to Dow Jones Market Data. Shares were up nearly 25% in midday trading Wednesday and were surging toward their largest one-day percentage gain since Nov. “The debate around January is tied to the mystery around the drivers of the December-to-remember,” he wrote Monday. Prior to the report, Wedbush analyst Nick McKay wrote that his first-quarter bookings expectations factored in about $250 million in January contributions. ![]() The company disclosed in its earnings release that overall bookings for January were estimated to have been $267 million to $271 million, which would mark a 19% to 21% increase from a year prior. ![]() ![]() “Growth was strong across all geographies and age groups with particular strength among users above 17 years old.”Ĭhief Executive David Baszucki added on the earnings call that January bookings among the 17-year-olds to 24-year-olds age group rose 39% from a year before. “Bookings accelerated meaningfully in December and January, with year-over-year growth exceeding 20% in both months,” Chief Financial Officer Michael Guthrie said in the company’s earnings release. ![]()
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