BigCommerce reported a 9% increase in total revenue, reaching $71.8 million, and a 13% increase in total ARR, amounting to $316.7 million. The company's enterprise ARR grew by 21% year-over-year. BigCommerce outperformed its guidance for operating loss improvement and laid a strong foundation for reaching profitability on an adjusted EBITDA basis in the fourth quarter.
Total revenue increased by 9% year-over-year to $71.8 million.
Total ARR grew by 13% year-over-year to $316.7 million.
Enterprise ARR increased by 21% year-over-year to $228.8 million.
GAAP operating loss improved to ($23.7) million compared to ($36.2) million in the first quarter of 2022.
For Q2 2023, BigCommerce expects total revenue between $72.1 million and $74.1 million, implying a year-over-year growth rate of 6% to 9%. Non-GAAP operating loss is expected to be between $5.5 million and $9.5 million. For the full year 2023, the Company expects total revenue between $303.0 million and $311.0 million, translating into a year-over-year growth rate of 9% and 11%. Non-GAAP operating loss between $14.0 million and $20.0 million.
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