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Sep 30, 2023
Five9 Q3 2023 Earnings Report
Reported a 16% revenue increase, reaching a record of $230.1 million.
Key Takeaways
Five9 reported strong third-quarter results, with revenue growing 16% year-over-year to a record $230.1 million. The growth was driven by the Enterprise business, where LTM subscription revenue grew 28% year-over-year. The company achieved an adjusted EBITDA margin of 18%, which drove an all-time record for GAAP operating cash flow.
Revenue increased by 16% year-over-year to a record $230.1 million.
GAAP gross margin was 51.7%.
Non-GAAP net income was $38.0 million, or $0.52 per diluted share.
GAAP operating cash flow was $37.0 million.
Forward Guidance
For the fourth quarter of 2023, Five9 expects revenue in the range of $237.1 to $238.1 million and non-GAAP net income per share in the range of $0.47 to $0.49.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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