Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue $573.1M vs. $513.4M expected, and GAAP EPS of $0.00 (loss of $40k) significantly outperformed the $0.1133 mean expected loss per share. Gross merchandise sales (GMS) surged 34% YoY to $3.1B, driven by international growth and the World Cup. While GAAP operating income was impacted by heavy stock-based compensation ($69.0M), Adjusted EBITDA nearly doubled YoY to $105.7M, demonstrating strong operational leverage and marketing efficiency.