BigCommerce announced its Q3 2024 financial results, with total revenue reaching $83.7 million, a 7% increase year-over-year. The company is undergoing strategic changes to re-accelerate growth, including leadership changes and a restructuring program.
Total revenue increased by 7% year-over-year to $83.7 million.
Total ARR reached $347.8 million, a 5% increase year-over-year.
Enterprise ARR grew by 7% year-over-year to $256.9 million.
GAAP loss from operations improved to ($19.2) million, compared to ($22.2) million in the third quarter of 2023.
For Q4 2024, BigCommerce anticipates total revenue between $85.8 million and $87.8 million, representing a year-over-year growth rate of 2% to 4%, and non-GAAP operating income between $4.4 million and $6.4 million. For the full year 2024, the company expects total revenue between $331.7 million and $333.7 million, translating into a year-over-year growth rate of 7% and 8%, and non-GAAP operating income between $13.8 million and $15.8 million.
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