James Heaney

just curious exactly what the sort of model breakthroughs that you were looking for that didn't happen

is it fair to say, obviously, you've got Axon launching broadly in June?

Could you just give us a progress update on that and how far below your target breakage rate you currently are?

How are you thinking about the AXON marketing investment in 2026?

Could you just start off talking about the characteristics of the advertisers that you've onboarded since October 1?

Just curious how you've used e-com seasonality from last Q4 as a proxy for this year?

have you seen any changes in overall user acquisition spend from gaming companies post the Apple versus Epic lawsuit?

it looks like without the Apps business, you're generating a 60% plus free cash flow margin. So just interested to hear how you're thinking about use of cash

I'd love to hear about any progress you're making with helping advertisers that have longer consideration windows and higher repeat purchases

Just interested to hear how the pace has changed since you last reported 600 customers in December

can you just talk about the seasonality, and how we should be thinking about that going forward as it relates to both the revenue growth and the expense profile?

just would be curious how to think about, just the overall mix of the business as you go more towards ecom. Does that have any impact on the take rate?

could you just talk about the marketing strategy for Battlefield and how it differs from prior versions of the game?

could you just talk about how you're planning to market Madden versus CFB this year, along with the MVP bundle?

you're guiding to some fairly impressive operating leverage in fiscal 2026. Can you just talk about what's specifically driving that?

it looks like a sequential decline greater than 20%, which I think would be one of your bigger sequential slowdowns.

is there anything you can say about M&E vertical this quarter and in Q4?

how we should be thinking about the revenue trajectory for Platform growth just for the remainder of the year?

what's driving the decision to raise the full year infrastructure cost outlook?

What if anything is factored into your Q1 revenue and user growth guides as it relates to the rollout of Simple Snapchat?

hoping you could go in some detail about the unique drivers across those franchises that you think have has sort of enabled them to continue growing

We did notice it as a more maybe narrow range than usual

can you talk through some of the puts and takes just on operating expenses for the year?

can you just talk about the right level of marketing spend needed to support the launches of your new titles?

Is there a way that you can help sort of frame up the composition of growth between model enhancements and self-learning?