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Dec 31, 2023
Bandwidth Q4 2023 Earnings Report
Exceeded revenue and profitability guidance, achieving 39% profitability growth and record free cash flow.
Key Takeaways
Bandwidth announced strong Q4 and full-year 2023 results, surpassing revenue and profitability expectations. The company highlighted a 39% profitability growth and record free cash flow. They are guiding for double-digit revenue growth and a 50 percent increase in profitability for 2024.
Bandwidth surpassed guidance and set new records in profitability.
Profitability grew by 39 percent in 2023 which contributed to record second half 2023 free cash flow generation of $31 million.
Strong growth in commercial messaging and enterprise business.
Bandwidth is guiding double-digit revenue growth and an adjusted EBITDA midpoint of $72 million representing a 50 percent increase in profitability for 2024.
Forward Guidance
Bandwidth provided guidance for Q1 2024 with revenue between $164 million and $166 million, and adjusted EBITDA between $11 million and $13 million. For full year 2024, revenue is expected to be between $695 million and $705 million, and adjusted EBITDA between $70 million and $74 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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