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Mar 31, 2022
Bandwidth Q1 2022 Earnings Report
Announced first quarter 2022 financial results with revenue up 16% year-over-year.
Key Takeaways
Bandwidth reported a revenue of $131 million for Q1 2022, a 16% increase year-over-year. The company's non-GAAP EPS exceeded guidance, driven by demand for digital engagement and strong contributions from monthly recurring charges. For the full year 2022, Bandwidth is raising its outlook for both revenue and non-GAAP EPS.
First quarter revenue reached $131 million, reflecting a 16% increase year-over-year.
Dollar-based net retention rate was 114%.
Messaging grew 35% year-over-year.
The company is raising its full year 2022 outlook for both revenue and non-GAAP EPS.
Forward Guidance
Bandwidth is providing guidance for its second quarter and full year 2022.
Positive Outlook
- Total Revenue (millions): $132.5 - $134.5 (Q2 2022)
- Total Revenue (millions): $551 - $557 (Full Year 2022)
- Non-GAAP earnings per share: ($0.09) - ($0.05) (Q2 2022)
- Non-GAAP earnings per share: $0.10 - $0.14 (Full Year 2022)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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