Turning back to the US, due to macro events, we are seeing some budget pressure in the travel and hospitality sectors with approvals being delayed or pushed into future quarters.

May 7, 2026 / receipt, needs a key / Amit Gupta, CEO | earnings call 2026-05-07 | transcript 53a71e18-1405-4062-a051-f5936da38dac | chars 6102-6280 | segment 6

We are committed to attaining self-sustainability and believe this commitment requires balancing investments in growth and disciplined expense management.

Mar 4, 2026 / receipt, needs a key / David Evans, CFO | earnings call 2026-03-04 | transcript 6aad0672-f700-4e1f-ba4f-7de8ad3c7609 | chars 10873-11027 | segment 11

While we have experienced some recent pressures in our travel and entertainment and subscription services sectors, we are also seeing nice red shoes of opportunity in other areas.

Mar 4, 2026 / receipt, needs a key / David Evans, CFO | earnings call 2026-03-04 | transcript 6aad0672-f700-4e1f-ba4f-7de8ad3c7609 | chars 6180-6359 | segment 6

While we navigate the impacts of the expected reduction in billings, we are prudently slowing the pace of some of our investments and focus on overall expense management.

Aug 6, 2025 / receipt, needs a key / Alexis DiCieno, CFO | earnings call 2025-08-06 | transcript 91e196cb-150e-4e79-917e-c0d07e8e9daa | chars 18453-18623 | segment 19

Travel and restaurant categories experienced softness in the first half of the year, as we've seen across the industry.

Aug 6, 2025 / receipt, needs a key / Amit Gupta, CEO | earnings call 2025-08-06 | transcript 91e196cb-150e-4e79-917e-c0d07e8e9daa | chars 7986-8105 | segment 8

In the UK, we had strong performance and growth in categories like travel and entertainment and restaurants, even as advertisers' overall marketing budgets shrunk.

May 7, 2025 / receipt, needs a key / Amit Gupta, CEO | earnings call 2025-05-07 | transcript 5fd8edeb-dc8c-46be-9699-724aecdfdf66 | chars 8859-9022 | segment 9

And so we now can actually geo-target consumers not only where they live, but also where they work and where they actually travel.

May 7, 2025 / receipt, needs a key / Alexis, CFO | earnings call 2025-05-07 | transcript 5fd8edeb-dc8c-46be-9699-724aecdfdf66 | chars 37411-37541 | segment 37

The travel category declined as we saw budgets shrink from a few key accounts.

May 7, 2025 / receipt, needs a key / Amit Gupta, CEO | earnings call 2025-05-07 | transcript 5fd8edeb-dc8c-46be-9699-724aecdfdf66 | chars 14292-14370 | segment 14

I think, as I mentioned in my prepared remarks, in areas of travel, we've seen some softness creep in.

May 7, 2025 / receipt, needs a key / Alexis, CFO | earnings call 2025-05-07 | transcript 5fd8edeb-dc8c-46be-9699-724aecdfdf66 | chars 27373-27475 | segment 27

And based on the patterns we're seeing, we see a consumer pullback for discretionary spend, so verticals like travel and restaurants. So we see some initial pullback patterns.

Mar 12, 2025 / receipt, needs a key / Arthur, other | earnings call 2025-03-12 | transcript ccb21e9e-3154-4f05-88d4-335f430c12c7 | chars 26875-27050 | segment 27

In the US, we saw continued growth in categories like travel and everyday spend.

Nov 6, 2024 / receipt, needs a key / Amit Gupta, CEO | earnings call 2024-11-06 | transcript fc120887-a299-4389-ae52-6411570a53a0 | chars 7397-7477 | segment 7

I would say EBITDA and burn rates. similar to what you guys have guided to in the third quarter yeah so there's no shift in our cost discipline we've spent a lot of time to make cost reductions over the last year and changes to our capital structure that would enable the investments that we're making in a disciplined way so what I will say is we're committed to the long-term strategy which requires investment to improve technology product and sales and to strengthen our overall business so we're balancing that with burden expense management and As I said, in the past, I've said operating expenses in the mid 40s. This call, I said below 40 million for the quarter for the remainder of the year. So we are keeping an eye on it. But again, it's a balance of investing for the long term and prioritizing where we're spending.

Aug 7, 2024 / receipt, needs a key / Alexis, other | earnings call 2024-08-07 | transcript 43963a77-7ac9-4af7-9af8-b7de5f7ca9b1 | chars 22621-23450 | segment 23

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