I believe that figure is per quarter, not year, and globally. It is a little over 5 a month for the US and Canada, not per year - 20 something a quarter. Their

I believe that figure is per quarter, not year, and globally. It is a little over 5 a month for the US and Canada, not per year - 20 something a quarter. Their graphic is page 8 of this earnings report https://s21.q4cdn.com/399680738/files/doc_financials/2017/Q4/Q4-2017-Earnings-Presentation.pdf https://s21.q4cdn.com/399680738/files/doc_financials/2017/Q4... which says to see SEC filings for the definition of ARPU. I found "We define ARPU as our total revenue in a given geography during a given quarter, divided by the average of the number of MAUs in the geography at the beginning and end of the quarter." p. 23 http://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/2309fab3-1f67-46bc-8d66-7039bc4a0e68.pdf http://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/2309fab3...