The company reported record user growth with 600 million monthly active users, a 12% year-over-year increase, and over half its user base now comprises Gen Z. However, its stock price has declined significantly in 2024, with a 30-day drop of 27.44%. A major challenge is monetizing its international users, who represent over 80% of the user base but contribute only a quarter of global revenue. While Wall Street maintains a 'Buy' equivalent rating, RBC Capital recently lowered its price target from $45 to $38.