NASDAQ$BAND
Bandwidth Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Exceeded revenue and profitability guidance, achieving 39% profitability growth and record free cash flow.
Bandwidth announced strong Q4 and full-year 2023 results, surpassing revenue and profitability expectations. The company highlighted a 39% profitability growth and record free cash flow. They are guiding for double-digit revenue growth and a 50 percent increase in profitability for 2024.
- Bandwidth surpassed guidance and set new records in profitability.
- Profitability grew by 39 percent in 2023 which contributed to record second half 2023 free cash flow generation of $31 million.
- Strong growth in commercial messaging and enterprise business.
- Bandwidth is guiding double-digit revenue growth and an adjusted EBITDA midpoint of $72 million representing a 50 percent increase in profitability for 2024.
Headline financials
Revenue & EPS history
Bandwidth · Revenue · Quarterly
$165M
Forward guidance
Bandwidth provided guidance for Q1 2024 with revenue between $164 million and $166 million, and adjusted EBITDA between $11 million and $13 million. For full year 2024, revenue is expected to be between $695 million and $705 million, and adjusted EBITDA between $70 million and $74 million.
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 Q4 2023
+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