CrowdStrike CEO, George Kurtz, purchased a minority interest in Mercedes F1 team for $300 million. Kurtz, an endurance racer, sees it as a unique opportunity to combine his tech experience and passion for racing. CrowdStrike anticipates a big 2026 due to the rise of AI agents and cybersecurity threats.

In the third quarter, CrowdStrike’s sales increased by 22% to $1.23 billion, with ARR up 23% to $4.92 billion. Non-GAAP operating income hit $264.6 million, a record for the company. For the current quarter, CrowdStrike projects sales between $1.29 billion to $1.3 billion, with earnings estimated at $1.09 to $1.11.

Analysts expect CrowdStrike to perform well in both sales and earnings for the quarter. Kurtz emphasizes the importance of AI in cybersecurity to combat the increasing threats. CrowdStrike shares have risen by 24% in the past year, outperforming Nasdaq Composite’s 17% gain. Stifel analyst Adam Borg remains optimistic about CrowdStrike’s growth potential and profitability in the future.

Read more at Yahoo Finance: Why CrowdStrike CEO just spent a reported $300 million to become a partial owner of the Mercedes F1 team