Loading...
•
Mar 31, 2023
Bandwidth Q1 2023 Earnings Report
Bandwidth's first quarter revenue exceeded expectations, with solid progress adding enterprise customers and advancing strategic initiatives.
Key Takeaways
Bandwidth Inc. reported first quarter revenue of $138 million, exceeding expectations, and adjusted EBITDA of $5 million. The company is focused on maximizing direct-to-enterprise momentum and driving profitability.
First quarter revenue of $138 million exceeded guidance.
Messaging revenue was up 8% year-over-year.
The leading online bank in the U.S. chose Bandwidth to power its Genesys cloud contact center.
Bandwidth launched Maestro, integrating platforms and capabilities across UCaaS, CCaaS, and AI.
Forward Guidance
Bandwidth is providing guidance for its second quarter and full year 2023.
Positive Outlook
- Q2 2023 Total Revenue: $140 - $142 million
- Q2 2023 Adjusted EBITDA: $4 - $6 million
- Full Year 2023 Total Revenue: $576 - $584 million
- Full Year 2023 Adjusted EBITDA: $43 - $47 million
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...