Otherwise, how do you explain it.
I'm not sure how anyone can view the report as positive. Most of the incremental revenue is coming from the service providers. Also the selling/marketing costs are still out of control.
This is worth maybe 7-8 bucks. Too crowded in this space, too much competition. Why else are they having to spend themselves in a perpetual hole for every paying subscriber? This hype won't last, fundamentals matter.