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We are unleashing the world's digital potential by providing a broad array of integrated products and services to our domestic and global Business customers and our domestic Mass Markets customers. Our platform empowers our customers to swiftly adjust digital programs to meet immediate demands, create efficiencies, accelerate market access, and reduce costs, which allows our customers to rapidl…
The business is unprofitable at the operating level (-21.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 13.8% YoY. Margins deteriorated 59.0pp alongside, both lines moving the wrong way.
Free cash flow declined 18% versus the prior year, cash generation momentum has weakened. ROIC dropped from 11.20% to -5.92%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$4.54B
▼ -13.8% YoY
Net Income (TTM)
-$1.84B
▼ -189.2% YoY
Op. Margin
-29.75%
▼ -59.0pp YoY
ROIC
-7.81%
▼ -17.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$837M
▼ -18.2% YoY
Op. Cash Flow (TTM)
$1.57B
▼ -19.7% YoY
Net Debt
$1.70B
Cash & Equiv.
$56M
5Y CAGR: -8.3%
5Y CAGR: -13.9%
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