A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R	S	T	U	V	W	X	Y	Z	AA	AB	AC
1	Main
2			Q120	Q220	Q320	Q420	Q121	Q221	Q321	Q421	Q122	Q222	Q322	Q422	Q123	Q223	Q323	Q423		2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
3		DAU		238	249	265	280	293	306	319	332	347	363	375	375	375	375	375
4		US DAU		90	90	92	93	95	96	97	98	99	100	100	100	100	100	100
5		EU DAU		71	72	74	77	78	80	82	84	86	88	92	92	92	92	92
6		ROW DAU		77	87	99	111	120	130	140	150	162	175	183	183	183	183	183
7
8		US ARPU							8.197052083333334	9.609041237113402	7.737357142857142	7.936171717171717	8.116019999999999	8.803099999999999
9
10		EU Revenue							153.121	208.912	162.132	170.097	161.396	218.552
11		US Revenue							786.917	932.077	758.261	785.681	811.602	880.31
12		Revenue			678.668	911.322	769.584	982.108	1067.471	1297.885	1062.727	1110.909	1128.476	1300	1073.35427	1122.01809	1139.7607600000001	1313		404.482	824.949	1180.446	1715.534	2506.626	4117.048	4602.112000000001	4648.13312
13		COGS			293.095	385.546	412.601	445.021	443.473	449.151	420.897	446.377	466.757	481.311									895.838	1182.505	1750.246	1815.3419999999999
14		Gross Margin			385.573	525.7760000000001	356.98299999999995	537.087	623.998	848.7339999999999	641.8300000000002	664.5320000000002	661.719	818.6890000000001	676.2131901	706.8713967	718.0492788	827.19					819.6960000000001	1324.121	2366.8019999999997	2786.7700000000013
15		R&D			283.639	318.446	348.58	370.671	412.021	434.195	455.563	505.037	564.258	584.942									883.509	1101.561	1565.4669999999999	2109.8
16		S&M			143.511	157.634	150.286	179.724	217.526	245.228	241.886	311.374	270.336	295.15	217.6974	280.2366	243.3024	265.635					458.598	555.468	792.7640000000001	1118.746
17		G&A			126.287	146.932	161.723	179.204	175.275	194.438	215.908	249.061	262.367	225.929									580.917	529.164	710.64	953.265
18		OpEx			553.437	623.0120000000001	660.5889999999999	729.5989999999999	804.822	873.861	913.357	1065.472	1096.961	1106.021	217.6974	280.2366	243.3024	265.635					1923.024	2186.193	3068.8709999999996	4181.811000000001
19		OpInc			-167.86400000000003	-97.23599999999999	-303.606	-192.51199999999994	-180.82399999999996	-25.127000000000066	-271.5269999999998	-400.9399999999998	-435.24199999999996	-287.3319999999999	458.5157901	426.6347967	474.7468788	561.5550000000001					-1103.3279999999997	-862.0720000000001	-702.069	-1395.0409999999993
20		Interest			-25.411	-27.206999999999997	-3.8939999999999997	-3.313	-2.774	-2.4959999999999996	-2.05	2.781999999999999	13.02	23.386									11.048000000000002	-79.101	-12.477	37.138
21		Pretax			-193.27500000000003	-124.44299999999998	-307.5	-195.82499999999993	-183.59799999999996	-27.623000000000065	-273.5769999999998	-398.15799999999984	-422.222	-263.94599999999986	458.5157901	426.6347967	474.7468788	561.5550000000001					-1092.2799999999997	-941.1730000000001	-714.5459999999999	-1357.9029999999993
22		Taxes			0.909	18.127	1.44	-1.879	0.992	13.031	8.51	6.999	9.241	4.206	45.85157901	42.66347967	47.474687880000005	56.15550000000001					0.393	18.654	13.584	28.956
23		Net Income			-194.18400000000003	-142.57	-308.94	-193.94599999999994	-184.58999999999995	-40.65400000000007	-282.0869999999998	-405.15699999999987	-431.46299999999997	-268.1519999999999	412.66421109	383.97131702999997	427.27219091999996	505.39950000000005					-1092.6729999999998	-959.8270000000001	-728.1299999999999	-1386.8589999999992
24		EPS			-0.1324204525306529	-0.09605349944787933	-0.20573561102690666	-0.12535014096122496	-0.11675772913522489	-0.024360064450448516	-0.1742231703407976	-0.248236670873822	-0.26823551792545086	-0.17037606988575382	0.26219497325404745	0.24396433345426563	0.27147646357448424	0.3211163091538571					-0.79440435286471	-0.659360867985214	-0.46705028938477744	-0.8622521025749107
25		Shares			1466.42	1484.277	1501.636	1547.234	1580.966	1668.879	1619.113	1632.14	1608.523	1573.883	1573.883	1573.883	1573.883	1573.883					1375.462	1455.693	1558.997	1608.41475
26
27		Revenue Growth							0.5728913106261089	0.42417828166114724	0.38091098567537807	0.1311474909073138	0.057149093511673854	0.0016295742689067527							1.0395196819635975	0.4309320939839918	0.4532930773622852	0.4611345505247928	0.6424660080921523	0.11781839803665184
28		DAU Growth						0.23109243697478998	0.22891566265060237	0.20377358490566033	0.18571428571428572	0.1843003412969284	0.18627450980392157	0.17554858934169282
29		Gross Margin				0.5769376795468562	0.4638648932410237	0.5468716271530218	0.5845573322366603	0.6539362116058047	0.6039462627749178	0.5981876103263184	0.5863828738936406	0.6297607692307693	0.63	0.63	0.63	0.63
30
31		CFFO								185.528		-124.081		125.291
32		CapEx								-24.565		-23.37		-46.925
33		FCF								160.963		-147.451		78.366
34
35		Headcount					4043	4667	5190	5661	6131	6446	5706	5288
36											0.5164481820430373	0.3811870580672809	0.09942196531791914	-0.06588941883059529