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Aug 31, 2024
BlackBerry Q2 2025 Earnings Report
Reached breakeven adjusted EBITDA and non-GAAP EPS for the quarter, with revenue growth in IoT and Cybersecurity divisions and improved operating cash usage.
Key Takeaways
BlackBerry reported breakeven adjusted EBITDA and non-GAAP EPS, driven by double-digit revenue growth in both IoT and Cybersecurity divisions and cost structure rationalization. The company's GAAP net loss improved by $23 million year-over-year, and operating cash usage also improved significantly.
Achieved breakeven adjusted EBITDA and non-GAAP EPS for the quarter.
GAAP net loss improved by $23 million, or 55% year-on-year.
Revenue for both IoT and Cybersecurity divisions grew double-digit year-over-year.
Operating cash usage improved by $43 million year-over-year.
Revenue by Segment
Forward Guidance
BlackBerry is providing the following guidance for the third quarter (ending November 30, 2024) and the full fiscal year 2025 (ending February 28, 2025).
Positive Outlook
- Total BlackBerry revenue: $146 - $154 million
- IoT revenue: $56 - $60 million
- Cybersecurity revenue: $86 - $90 million
- Licensing & Other revenue: Approximately $4 million
- Adjusted EBITDA: Breakeven - +$10 million
Challenges Ahead
- Non-GAAP basic EPS: ($0.01) - +$0.01
- Total BlackBerry revenue: $591 - $616 million
- IoT revenue: $225 - $235 million
- Cybersecurity revenue: $350 - $365 million
- Licensing & Other revenue: Approximately $16 million
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
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