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Jun 30, 2023
Bandwidth Q2 2023 Earnings Report
Second quarter revenue and profitability exceeded guidance ranges.
Key Takeaways
Bandwidth's second quarter revenue reached $146 million, exceeding guidance. Adjusted EBITDA was $11 million, also surpassing expectations. The company is increasing its full year revenue guidance and targeting year-over-year profitability growth of 30 percent.
Second quarter revenue was $146 million.
Adjusted EBITDA was $11 million.
Messaging revenue was up 11% year-over-year.
Full year revenue guidance was increased.
Forward Guidance
Bandwidth is providing guidance for its third quarter and full year 2023.
Positive Outlook
- Q3 2023 Revenue: $148 - $150 million
- Q3 2023 Adjusted EBITDA: $10 - $12 million
- Full Year 2023 Revenue: $588 - $592 million
- Full Year 2023 Adjusted EBITDA: $44 - $46 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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