Revenue Performance: Total revenue surged by 42.23% year-over-year and increased 93.56% quarter-over-quarter to $751 million.
Profitability Metrics: Operating Income recorded a robust $601 million, with a significant operating income margin of 80.03%. However, net income saw a decline of 21.20% from the prior year, reflecting pressures from increased interest expenses. EPS stood at $0.620, a 19.23% quarter-over-quarter improvement but a 30.34% decrease year-over-year.
Balance Sheet and Cash Flow: Total assets reached $27.1 billion, with cash and cash equivalents of $486 million. Notably, free cash flow was affected, showing a negative figure of $521 million, attributable to significant investment activities totaling $3.25 billion in the quarter. The company managed a total debt of $13.55 billion, resulting in a debt-to-equity ratio of 1.06, indicating a balanced leverage position while borrowing costs remain elevated.