Hold on i've been working a case---- In summary, Q3 was a strong quarter. Revenue growth improved to 10% with both subscription and marketplace exceeding our expectations. Arr grew by $19 million quarter on quarter, the largest quarterly increase in over two years, our non-GAAP operating margin expanded by approximately 500 basis points. We generated $17 million in operating cash flow in the quarter and 109 million in the trailing four quarters. Finally, fiscal year to date, we have returned 45 million to shareholders through our share repurchase program. Next, let me now turn to our financial outlook for FY 24 and for Q4. Please turn to Slides 12 and 13. Please keep in mind our non-GAAP guidance excludes intangible amortization, stock-based compensation and restructuring and related charges. Starting with Q4, we expect total revenue of between 158 and $162 million, up 6% to 9% year-on-year. Non-gaap operating income of 13 to $14 million and an operating margin of 8% to 9%. A few other callouts for Q4, we expect subscription net retention in Q4 to be 100%, roughly stable quarter on quarter, we expect customer count to be flat to down, reflecting ongoing changes and consolidation in the digital advertising market that may impact smaller tech platform customers, including ad tech While this would impact customer count, we don't expect the revenue impact to be material. We expect subscription revenue to be up mid single digits, but fixed also up mid-single digits, similar to q three and usage flat in the name of conservatism. We expect marketplace and other to be up mid to high 10s based on current trends quarter to date and assuming the current digital advertising market remained stable throughout the course of the quarter, we expect gross margin to be approximately 75%. We expect operating expenses to be up roughly 10% year on year. Let me spend a moment here first hub who is going to add roughly three points of OpEx in the quarter. Next in Q4, we will start lapping the savings from last year's cost restructuring, which provided a meaningful benefit to our expense growth fiscal year to date. And finally, with respect to the sequential dollar increase, recall that Q4 is seasonally our highest operating expense quarter of the year due to our ramp-up conference, payroll taxes and incentive comp. The quarter-over-quarter increase in Q4 is consistent with historical seasonality. Excluding the impact of onetime cost restructurings like we had last year, we expect GAAP operating loss to be between 18 and $17 million, inclusive of 5 to 6 million of additional expense associated with Hubzu, stock-based compensation, intangible amortization and acquisition related expenses. Now for the full year, we are increasing our total revenue guidance by approximately 13.5 million at the midpoint compared to a $9 million beat in the quarter. We now expect revenue to be between 646 and $650 million, up 8% to 9% year on year. Non-gaap operating income is increased by 4 million at the midpoint and is expected to be between 103 and $104 million at the midpoint of our guidance range. The operating margin is approximately 16%, up 600 basis points year on year. We expect stock-based compensation to be approximately $71 million, which benefits from the $23 million in accelerated vesting in FY 23. We expect $12 million in restructuring charges, 1 million higher than our prior guide due to acquisition related expenses. We expect GAAP operating income to be between eight and 9 million. Before opening the call to questions, I'll conclude with a few final thoughts. First, Q3 was strong on both the top and bottom lines. Our growth in subscription revenue and ARR is trending higher, and we are positioned for further acceleration exiting this year and next, as we look ahead, there are a couple of initiatives that we believe will help our top and bottom line both next year and beyond. First and foremost is efficiently and effectively integrating Hubbell. Additionally, we will make incremental progress with our India offshoring initiatives, and we intend to roll out back-end product improvements that will allow us to more efficiently process our customers' data and finally, our financial North Star remains Rule of 40. On the top line. We're encouraged by the positive trends in sales, productivity and the hub of opportunity and ultimately what that implies for subscription growth next year. On the margin front, the leverage in our model, combined with the expansion of our new India office, gives us a path for steady margin expansion in the coming years, while continuing to appropriately invest to support healthy top line growth.
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Checking to see if we now own this- my symbol has been frozen for a few days and this just goes up and up and up. Permission to cry. NYSE - Nasdaq Real Time Price•USD Flutter Entertainment plc (FLUT) 216.92+7.22(+3.44%) As of 3:25 PM EST. Market Open.