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Jun 30, 2024
Bandwidth Q2 2024 Earnings Report
Reported solid revenue growth while accelerating profitability and cash flow.
Key Takeaways
Bandwidth reported a strong first half of the year, with solid revenue growth, accelerating profitability, and impressive free cash flow. Total revenue reached $174 million, and Adjusted EBITDA increased by 77% year-over-year.
Delivered solid revenue growth.
Accelerated profitability and cash flow.
Adjusted EBITDA up 77% from the prior year.
Strategic investments and disciplined financial management have driven impressive free cash flow and operational efficiency.
Forward Guidance
Bandwidth is providing guidance for its third quarter and full year 2024.
Positive Outlook
- Revenue 3Q 2024 Guidance: $180 - $184 million
- Revenue Full Year 2024 Guidance: $710 - $720 million
- Adjusted EBITDA 3Q 2024 Guidance: $18 - $20 million
- Adjusted EBITDA Full Year 2024 Guidance: $72 - $76 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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