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Sep 30, 2024
Five9 Q3 2024 Earnings Report
Five9's Q3 2024 earnings demonstrated accelerated revenue growth and strong financial performance.
Key Takeaways
Five9 reported strong third-quarter results, exceeding guidance across all key metrics. Revenue increased by 15% year-over-year to $264.2 million, with subscription revenue growing by 20%. The company achieved an adjusted EBITDA margin of 20% and generated $41 million in operating cash flow. Five9 is also raising 2024 guidance for revenue and bottom line.
Revenue for Q3 2024 increased by 15% to a record $264.2 million compared to $230.1 million in Q3 2023.
GAAP net loss for Q3 2024 was $(4.5) million, or $(0.06) per basic share, improved from a GAAP net loss of $(20.4) million, or $(0.28) per basic share in Q3 2023.
Non-GAAP net income for Q3 2024 was $50.5 million, or $0.67 per diluted share, compared to $38.0 million, or $0.52 per diluted share in Q3 2023.
GAAP operating cash flow for Q3 2024 was $41.1 million, compared to $37.0 million for the third quarter of 2023.
Forward Guidance
For the full year 2024, Five9 now expects to report revenue in the range of $1.030 to $1.031 billion and non-GAAP net income per share in the range of $2.36 to $2.38. For the fourth quarter of 2024, Five9 expects to report revenue in the range of $267.0 to $268.0 million and non-GAAP net income per share in the range of $0.69 to $0.71.
Positive Outlook
- Revenue in the range of $1.030 to $1.031 billion for full year 2024.
- GAAP net loss per share in the range of $(0.30) to $(0.23) for full year 2024.
- Non-GAAP net income per share in the range of $2.36 to $2.38 for full year 2024.
- Revenue in the range of $267.0 to $268.0 million for fourth quarter 2024.
- GAAP net income per share in the range of $0.03 to $0.08 for fourth quarter 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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