ServiceTitan's 3Q Loss Widens as Revenue Jumps

Dow Jones

01-14

By Connor Hart

ServiceTitan widened its loss in its first quarter as a publicly-traded company, though revenue grew as its customer base expanded.

The Glendale, Calif.-based cloud-based software platform for trade businesses reported a third-quarter loss of $46.1 million, or $1.74 a share, in its three months ended Oct. 31. In the same quarter last year, it posted a loss of $39.7 million, or $1.53 a share.

Revenue increased 24% to $199.3 million, just beating the $198.5 million that analysts polled by FactSet were expecting.

Platform revenue grew to $191.2 million from $151.7 million a year earlier, offsetting professional services revenue, which fell slightly to $8.09 million from $8.43 million.

Co-Founder and President Vahe Kuzoyan said the company's customer base is expanding. "We are pleased with strong early adoption of our new Sales Pro and Contact Center Pro products," he added.

Its third-quarter results come after the company last month raised $625 million in its initial public offering, selling 8.8 million shares at $71 apiece.

For its current quarter, ServiceTitan guided for revenue between $199 million and $201 million, ahead of analyst expectations for $193.6 million, according to FactSet.

For its fiscal 2025, the company expects revenue between $761.6 million and $763.6 million. Analysts surveyed by FactSet are looking for $755.4 million.

Shares rose 5.9%, to $106, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 13, 2025 16:28 ET (21:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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In the same quarter last year, it posted a loss of $39.7 million, or $1.53 a share. \n</p>\n<p>\n  Revenue increased 24% to $199.3 million, just beating the $198.5 million that analysts polled by FactSet were expecting. \n</p>\n<p>\n  Platform revenue grew to $191.2 million from $151.7 million a year earlier, offsetting professional services revenue, which fell slightly to $8.09 million from $8.43 million. \n</p>\n<p>\n  Co-Founder and President Vahe Kuzoyan said the company's customer base is expanding. \"We are pleased with strong early adoption of our new Sales Pro and Contact Center Pro products,\" he added. \n</p>\n<p>\n  Its third-quarter results come after the company last month raised $625 million in its initial public offering, selling 8.8 million shares at $71 apiece. \n</p>\n<p>\n  For its current quarter, ServiceTitan guided for revenue between $199 million and $201 million, ahead of analyst expectations for $193.6 million, according to FactSet. \n</p>\n<p>\n  For its fiscal 2025, the company expects revenue between $761.6 million and $763.6 million. Analysts surveyed by FactSet are looking for $755.4 million. \n</p>\n<p>\n  Shares rose 5.9%, to $106, in after-hours trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 16:28 ET (21:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ServiceTitan's 3Q Loss Widens as Revenue Jumps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nServiceTitan's 3Q Loss Widens as Revenue Jumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-14 05:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/TTAN\">ServiceTitan</a> widened its loss in its first quarter as a publicly-traded company, though revenue grew as its customer base expanded. \n</p>\n<p>\n  The Glendale, Calif.-based cloud-based software platform for trade businesses reported a third-quarter loss of $46.1 million, or $1.74 a share, in its three months ended Oct. 31. In the same quarter last year, it posted a loss of $39.7 million, or $1.53 a share. \n</p>\n<p>\n  Revenue increased 24% to $199.3 million, just beating the $198.5 million that analysts polled by FactSet were expecting. \n</p>\n<p>\n  Platform revenue grew to $191.2 million from $151.7 million a year earlier, offsetting professional services revenue, which fell slightly to $8.09 million from $8.43 million. \n</p>\n<p>\n  Co-Founder and President Vahe Kuzoyan said the company's customer base is expanding. \"We are pleased with strong early adoption of our new Sales Pro and Contact Center Pro products,\" he added. \n</p>\n<p>\n  Its third-quarter results come after the company last month raised $625 million in its initial public offering, selling 8.8 million shares at $71 apiece. \n</p>\n<p>\n  For its current quarter, ServiceTitan guided for revenue between $199 million and $201 million, ahead of analyst expectations for $193.6 million, according to FactSet. \n</p>\n<p>\n  For its fiscal 2025, the company expects revenue between $761.6 million and $763.6 million. Analysts surveyed by FactSet are looking for $755.4 million. \n</p>\n<p>\n  Shares rose 5.9%, to $106, in after-hours trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 16:28 ET (21:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503428555","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503428555","pubTimestamp":1736803680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ServiceTitan widened its loss in its first quarter as a publicly-traded company, though revenue grew as its customer base expanded.The Glendale, Calif.-based cloud-based software platform for trade businesses reported a third-quarter loss of $46.1 million, or $1.74 a share, in its three months ended Oct. 31. 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