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AMPL Amplitude News Story

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Product analytics platform Amplitude's Q3 revenue beats estimates

Overview

Amplitude Q3 revenue grows 18% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting effective operational strategies

Company reports positive cash flow despite GAAP net loss

Outlook

Company expects Q4 revenue between $89.0 mln and $91.0 mln

Amplitude forecasts full-year revenue of $340.8 mln to $342.8 mln

Company anticipates Q4 non-GAAP net income per share of $0.04 to $0.05

Result Drivers

AI PLATFORM - CEO Spenser Skates attributes growth to AI analytics platform helping companies understand user engagement

ENTERPRISE CUSTOMER GROWTH - CFO Andrew Casey cites expansion of enterprise customer base as a key strategy

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$88.60 mln$86.30 mln (9 Analysts)
Q3 Adjusted EPSBeat$0.02$0.01 (10 Analysts)
Q3 Free Cash Flow$3.40 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for Amplitude Inc is $16.00, about 40.8% above its November 4 closing price of $9.48 The stock recently traded at 94 times the next 12-month earnings vs. a P/E of 115 three months ago Press Release: ID:nBwbrkn0Fa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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