Q1 Revenue Reaches $647M, Exceeds Expectations
Reports Q1 revenue $647M, consensus $636.24M. Active Members grew 19% year-over-year to 10.2 million, an increase of nearly 700,000 net new Active Members quarter-over-quarter. Average Revenue per Active Member grew 5% year-over-year to $263. Purchase Volume increased 12% year-over-year to $39 billion and 15% year-over-year to $40 billion when including OIT volume.
