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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2503428555"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503428555\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2503428555?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-14 05:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503428555","market":"fut","top_or_hot":-1,"title":"ServiceTitan's 3Q Loss Widens as Revenue Jumps","media":"Dow Jones","content":"<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>","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: 12.5px; color: #7E829C; margin: 0;}\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<h4 class=\"meta\">\n<div class=\"head\" \">\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 smaller\">2025-01-14 05:28</p>\n</div>\n</div>\n</h4>\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</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. 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.For its current quarter, ServiceTitan guided for revenue between $199 million and $201 million, ahead of analyst expectat","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"随着收入猛增，ServiceTitan第三季度亏损扩大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTAN":1},"content_text":"By Connor Hart \n\n\n \n\n\nServiceTitan widened its loss in its first quarter as a publicly-traded company, though revenue grew as its customer base expanded. \n\n\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\n\n  Revenue increased 24% to $199.3 million, just beating the $198.5 million that analysts polled by FactSet were expecting. \n\n\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\n\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\n\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\n\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\n\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\n\n  Shares rose 5.9%, to $106, in after-hours trading. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2025 16:28 ET (21:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}