Loading...
•
Sep 30, 2024
MicroStrategy Q3 2024 Earnings Report
Announced third quarter 2024 financial results, holding 252,220 BTC with BTC Yield of 17.8% YTD, and announced a $42 billion capital plan.
Key Takeaways
MicroStrategy Incorporated announced its Q3 2024 financial results, highlighting a transformational quarter with $2.1 billion raised in equity and debt. The company increased its bitcoin holdings by 11% during the quarter and achieved a year-to-date BTC Yield of 17.8%. However, total revenues decreased by 10.3% year-over-year, and the company reported a net loss of $340.2 million.
Maintained focus on increasing shareholder value through digital transformation of capital.
Announced a strategic goal of raising $42 billion over the next 3 years through equity and fixed income securities.
Increased bitcoin holdings by 11% in Q3 2024.
Revised annual BTC Yield target to 6% to 10% for 2025 through 2027.
Revenue by Segment
Forward Guidance
MicroStrategy's forward guidance focuses on leveraging digital transformation of capital, raising $42 billion of capital over the next 3 years, and achieving higher BTC Yield.
Positive Outlook
- Strategic goal of raising $42 billion of capital over the next 3 years.
- Plan to use additional capital to buy more bitcoin as a treasury reserve asset.
- Targeting an annual BTC Yield of 6% to 10% between 2025 and 2027.
- Proven track record of using intelligent leverage.
- Aim to increase shareholder value by leveraging the digital transformation of capital.
Challenges Ahead
- Fluctuations in the market price of bitcoin.
- Changes in the accounting treatment relating to bitcoin holdings.
- Changes in securities laws or other laws or regulations relating to bitcoin.
- Potential taxation of unrealized gains on bitcoin holdings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...