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Sep 30, 2021
Bandwidth Q3 2021 Earnings Report
Bandwidth's Q3 2021 financial results were announced, showing significant year-over-year revenue growth.
Key Takeaways
Bandwidth reported a strong Q3 2021, with total revenue reaching $130.6 million, a 54% increase year-over-year, and CPaaS revenue of $107.4 million, up 46% year-over-year. The company's gross margins remained strong, and they secured important customer wins and expanded their global network.
Total revenue reached $130.6 million, representing a 54% increase year-over-year.
CPaaS revenue grew to $107.4 million, a 46% increase year-over-year.
The company's defenses were sharpened and strengthened against DDoS attacks.
CPaaS non-GAAP gross margins expanded to a record 54%.
Forward Guidance
Bandwidth provided guidance for Q4 2021 and full year 2021, including CPaaS revenue between $94.5 - $99.5 million for Q4 and $407.0 - $412.0 million for the full year. Total revenue is expected to be $115.7 - $120.7 million for Q4 and $480.5 - $485.5 million for the full year. Non-GAAP earnings per share is projected to be between $(0.15) - $(0.11) for Q4 and $0.74 - $0.78 for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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