Braze Boosts FY25 Guidance After Narrower 3Q Loss and Higher Rev

Dow Jones

10 Dec 2024

By Katherine Hamilton

Braze increased its guidance for the year after posting a narrower loss and higher revenue in the third quarter.

The customer-engagement platform company on Monday posted a loss of $27.9 million, or 27 cents a share, in the three months ended October 31, compared with a loss of $30.7 million, or 31 cents a share, for the same period last year.

Stripping out one-time items, the company reported a profit of 2 cents a share. Analysts polled by FactSet expected a loss of a penny a share.

Revenue rose 23% to $152.1 million, above the $148.2 million expected by analysts polled by FactSet. Braze had guided for $147.5 million to $148.5 million in third-quarter revenue.

The New York-based company upped its adjusted per-share guidance for the current year to between 10 cents to 11 cents, up from its previous view for between 6 cents to 7 cents. It is now expecting revenue between $588 million to $589 million, up from its prior view for between $582.5 million to $585.5 million.

For the fourth quarter, Braze forecast adjusted per share earnings between 5 cents and 6 cents and revenue between $155 million and $156 million. Analysts were looking for adjusted earnings of 4 cents a share and revenue of $155.2 million.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 09, 2024 17:00 ET (22:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Analysts were looking for adjusted earnings of 4 cents a share and revenue of $155.2 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 17:00 ET (22:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490708981","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490708981","pubTimestamp":1733781600,"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":"Braze increased its guidance for the year after posting a narrower loss and higher revenue in the third quarter.The customer-engagement platform company on Monday posted a loss of $27.9 million, or 27 cents a share, in the three months ended October 31, compared with a loss of $30.7 million, or 31 cents a share, for the same period last year.Stripping out one-time items, the company reported a profit of 2 cents a share. 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It is now expecting revenue between $588 million to $589 million, up from its prior view for between $582.5 million to $585.5 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","BRZE":"Braze, Inc.","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"Braze在第三季度亏损收窄和营业额上升后提高了2025财年指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRZE":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Braze increased its guidance for the year after posting a narrower loss and higher revenue in the third quarter. \n\n\n  The customer-engagement platform company on Monday posted a loss of $27.9 million, or 27 cents a share, in the three months ended October 31, compared with a loss of $30.7 million, or 31 cents a share, for the same period last year. \n\n\n  Stripping out one-time items, the company reported a profit of 2 cents a share. Analysts polled by FactSet expected a loss of a penny a share. \n\n\n  Revenue rose 23% to $152.1 million, above the $148.2 million expected by analysts polled by FactSet. Braze had guided for $147.5 million to $148.5 million in third-quarter revenue. \n\n\n  The New York-based company upped its adjusted per-share guidance for the current year to between 10 cents to 11 cents, up from its previous view for between 6 cents to 7 cents. It is now expecting revenue between $588 million to $589 million, up from its prior view for between $582.5 million to $585.5 million. \n\n\n  For the fourth quarter, Braze forecast adjusted per share earnings between 5 cents and 6 cents and revenue between $155 million and $156 million. Analysts were looking for adjusted earnings of 4 cents a share and revenue of $155.2 million. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2024 17:00 ET (22:00 GMT)\n\n\n  Copyright (c) 2024 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"}}}