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Sep 30, 2023
Amplitude Q3 2023 Earnings Report
Amplitude's Q3 2023 financial results were announced, demonstrating revenue growth and increased customer base.
Key Takeaways
Amplitude announced its Q3 2023 financial results, reporting a 15% year-over-year revenue increase to $70.6 million. The number of paying customers grew by 29% year-over-year, reaching 2,471. The company reported positive cash flow from operations and free cash flow.
Revenue increased by 15% year-over-year, reaching $70.6 million.
The number of paying customers increased by 29% year-over-year, totaling 2,471.
Cash flow from operations was $8.0 million, and free cash flow was $7.5 million.
Amplitude launched Amplitude Plus, expanding its reach with a new self-service offering.
Amplitude
Amplitude
Forward Guidance
The company provided revenue guidance for Q4 2023 to be $71.3 - $71.9 million and full year 2023 to be $276.2 - $276.8 million. The company expects Non-GAAP Operating Income (Loss) for Q4 2023 to be $1.3 - $1.9 million and full year 2023 to be $(4.5) - $(3.9) million. The company expects Non-GAAP Net Income Per Share, Diluted for Q4 2023 to be $0.02 - $0.03 and full year 2023 to be $0.05 - $0.06.