NEW YORK – Buyer engagement platform supplier Braze , Inc. (NASDAQ:BRZE) reported better-than-expected third quarter outcomes and raised its full-year outlook, however noticed its inventory value plummet 14% in after-hours buying and selling on Monday.
The corporate posted adjusted earnings per share of $0.02, beating analyst estimates of a $0.01 loss per share. Income grew 22.7% YoY to $152.1 million, surpassing the consensus forecast of $148.14 million.
“We continued to execute within the third quarter, delivering robust income development and working leverage,” stated Invoice Magnuson, Cofounder and CEO of Braze.
For the fourth quarter, Braze expects income between $155-156 million and adjusted EPS of $0.05-$0.06, each forward of Wall Avenue projections. The corporate additionally raised its full-year fiscal 2025 steering, now seeing income of $588-589 million and adjusted EPS of $0.10-$0.11.
The corporate added 200 new prospects YoY to succeed in 2,211 complete. Nonetheless, dollar-based web retention for all prospects declined to 113% from 118% a 12 months in the past.
Braze ended the quarter with $493.1 million in money and marketable securities. The corporate’s non-GAAP working loss narrowed to $2.2 million from $8.9 million within the prior 12 months interval.
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