Learning platform Docebo Q3 revenue beats estimates

Docebo

07/11/2025 11:11

Overview

Docebo Q3 2025 revenue grows 11% yr/yr, beating analyst expectations

Adjusted net income for Q3 2025 rises 19.9% yr/yr

Company highlights AI-First strategy and strong partnerships as growth drivers

Outlook

Docebo sees Q4 revenue between $62.0 mln and $62.2 mln

Company expects Q4 adjusted EBITDA margin of 20.5% to 21.0%

Docebo revises FY 2025 subscription revenue growth to 11.75%,

Docebo revises FY 2025 total revenue growth of 11.40%

Result Drivers

AI-FIRST STRATEGY - Co attributes exceeding expectations to innovation through its AI-First platform strategy, per CEO Alessio Artuffo

MARKET EXPANSION - Co cites growing presence in federal and SLED markets as supporting revenue growth

CUSTOMER WINS - Notable new customer wins include a global industrial services provider and Amazon Health, highlighting Docebo's ability to deliver scalable learning solutions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$61.60 mln
$60.94 mln (8 Analysts)
Q3 Adjusted Net Income
$9.90 mln
Q3 Adjusted EBITDA
$12.40 mln
Q3 Gross Profit
$49.50 mln
Q3 Operating Cash Flow
$5.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBw73Hgvsa

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(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.)