NASDAQ$BAND
Bandwidth Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Announced third quarter 2020 financial results
Bandwidth reported a strong third quarter with total revenue of $84.8 million, up 40% year-over-year, and CPaaS revenue of $73.8 million, up 43% year-over-year. The company also raised its annual revenue outlook.
- Total third quarter revenue was $84.8 million, a 40% increase year-over-year.
- CPaaS third quarter revenue reached $73.8 million, a 43% increase year-over-year.
- Active CPaaS customers totaled 2,015, a 25% increase year-over-year.
- Dollar-based net retention rate was 131%.
Headline financials
Revenue & EPS history
Bandwidth · Revenue · Quarterly
$84.8M
Forward guidance
Bandwidth provided guidance for its fourth quarter and full year 2020, which includes the outlook for Voxbone from November 1, 2020.
Tailwinds
- CPaaS revenue is expected to be in the range of $84.3 million to $84.8 million for Q4 2020.
- Total revenue is expected to be in the range of $96.5 million to $97.0 million for Q4 2020.
- Non-GAAP earnings per share is expected to be in the range of $0.03 to $0.05 per share for Q4 2020, using 27.5 million weighted average diluted shares outstanding.
- CPaaS revenue is expected to be in the range of $284.3 million to $284.8 million for full year 2020.
- Total revenue is expected to be in the range of $326.6 million to $327.1 million for full year 2020.
Headwinds
- Bandwidth has not reconciled its fourth quarter and full-year guidance related to non-GAAP net earnings or loss to GAAP net earnings or loss.
- Bandwidth has not reconciled non-GAAP earnings or loss per share to GAAP earnings or loss, because stock-based compensation cannot be reasonably calculated or predicted at this time.
- A reconciliation is not available without unreasonable effort.
- Bandwidth's outlook assumes current business conditions.
- Bandwidth's outlook assumes current foreign currency exchange rates and the impact of the anticipated acquisition of Voxbone expected to close on October 31, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+2.6%
Avg return
Earnings day
+4.2%
Avg return
5 days after
+8.9%
Avg return
30 days after
51%
19 / 37 earnings
Positive
+69.1%
Q4 2023
Best reaction
-37.8%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | +95.6% | +168.5% | |
| Q4 2025 | +11.7% | +6.2% | +19.0% | |
| Q3 2025 | -3.9% | -13.7% | -15.1% | |
| Q1 2025 | +12.1% | +17.1% | +21.7% | |
| Q4 2024 | -4.4% | -8.3% | -17.4% | |
| Q3 2024 | -0.7% | +3.8% | +11.6% | |
| Q2 2024 | -33.3% | -30.8% | -24.8% | |
| Q1 2024 | +3.1% | +5.4% | +2.3% | |
| Q4 2023 | +69.1% | +58.4% | +50.3% | |
| Q3 2023 | +20.9% | +22.4% | +12.0% | |
| Q2 2023 | +5.6% | +1.9% | -3.6% | |
| Q1 2023 | -3.8% | -5.7% | -1.1% | |
| Q4 2022 | -35.6% | -33.3% | -39.7% | |
| Q3 2022 | +46.8% | +44.8% | +91.4% | |
| Q2 2022 | -0.7% | -6.2% | -20.5% | |
| Q1 2022 | +16.2% | -8.6% | -9.2% | |
| Q4 2021 | -37.8% | -39.8% | -40.2% | |
| Q3 2021 | +1.0% | -5.5% | -12.0% | |
| Q2 2021 | -5.8% | -8.5% | -16.2% | |
| Q1 2021 | +0.6% | -3.5% | -5.4% | |
| Q4 2020 | -7.1% | -13.1% | -32.6% | |
| Q3 2020 | -4.3% | -6.1% | -10.4% | |
| Q2 2020 | -1.6% | +4.2% | +4.4% | |
| Q1 2020 | +13.5% | +24.0% | +41.0% | |
| Q4 2019 | +0.9% | -9.6% | -15.7% | |
| Q3 2019 | -13.7% | -8.8% | -2.5% | |
| Q2 2019 | +1.3% | +0.1% | +11.7% | |
| Q1 2019 | -7.6% | -4.1% | -3.6% | |
| Q4 2018 | -0.3% | +7.7% | +42.3% | |
| Q3 2018 | +9.2% | +9.7% | -8.6% | |
| Q2 2018 | +12.3% | +11.4% | +28.8% | |
| Q1 2018 | +9.2% | +10.1% | +22.7% | |
| Q4 2015 | +2.4% | +0.7% | +19.7% | |
| Q4 2017 | +12.9% | +15.1% | +33.5% | |
| Q3 2016 | -0.3% | +5.0% | +6.8% | |
| Q4 2016 | -0.3% | +5.0% | +6.8% | |
| Q3 2017 | +9.2% | +12.9% | +13.6% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro