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Sep 30, 2024
Bandwidth Q3 2024 Earnings Report
Bandwidth's Q3 2024 performance was marked by record revenue and profitability, driven by customer trust and operating discipline.
Key Takeaways
Bandwidth reported record revenue of $194 million, a 28% increase year-over-year, and Adjusted EBITDA of $24 million, a 74% increase year-over-year. The company also raised its full-year outlook for both revenue and profitability.
Total revenue reached $194 million, a 28% increase year-over-year.
Adjusted EBITDA grew to $24 million, representing a 74% increase year-over-year.
The next-generation Universal Platform was introduced.
Bandwidth now offers the largest ecosystem of BYOC integrations within the Maestro platform.
Forward Guidance
Bandwidth provided guidance for its fourth quarter and full year 2024.
Positive Outlook
- 4Q 2024 Revenue guidance: $198 million - $208 million
- Full Year 2024 Revenue guidance: $737 million - $747 million
- 4Q 2024 Adjusted EBITDA guidance: $19 million - $21 million
- Full Year 2024 Adjusted EBITDA guidance: $78 million - $80 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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