BigCommerce Holdings, a leading provider of open, composable commerce solutions, saw its shares surge by 5.83% in pre-market trading on Thursday, following the release of its fourth quarter and fiscal year 2024 financial results that surpassed analyst expectations.
The company reported Q4 2024 revenue of $87 million, beating the consensus estimate of $86.9 million. Additionally, BigCommerce posted an adjusted earnings per share (EPS) of $0.11 for the quarter, outpacing analysts' expectations of $0.07.
For the full year 2024, BigCommerce achieved total revenue of $332.9 million, an 8% increase compared to the previous year. The strong performance was driven by growth in the company's subscription solutions and partner and services segments.
Looking ahead, BigCommerce provided an encouraging outlook for the first quarter of 2025 and the full year. The company expects Q1 2025 revenue to range between $81.2 million and $83.2 million, and full-year 2025 revenue to fall within the range of $342.1 million to $350.1 million.
Analysts and investors reacted positively to BigCommerce's solid financial results and upbeat guidance, leading to the significant surge in the company's stock price in pre-market trading. The strong performance and positive outlook underscore BigCommerce's ability to capitalize on the growing demand for modern, flexible commerce solutions in the rapidly evolving digital landscape.
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