NASDAQ$FIVN
Five9 Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong first quarter results with 13% year-over-year growth in total revenue and 20% year-over-year growth in subscription revenue.
Five9 reported a record revenue of $247.0 million for the first quarter of 2024, a 13% increase compared to the first quarter of 2023. Subscription revenue grew by 20% year-over-year. The company signed its largest deal ever with a Fortune 50 financial services company.
- Total revenue increased by 13% year-over-year to a record $247.0 million.
- Subscription revenue grew by 20% year-over-year.
- GAAP net loss was $(7.1) million, or $(0.10) per basic share.
- Non-GAAP net income was $35.7 million, or $0.48 per diluted share.
Headline financials
Revenue & EPS history
Five9 · Revenue · Quarterly
$247M
Forward guidance
Five9 provides guidance for the full year 2024 and the second quarter of 2024, based on current market conditions and expectations.
Tailwinds
- Full year 2024 revenue is expected to be in the range of $1.053 to $1.057 billion.
- Full year 2024 non-GAAP net income per share is expected to be in the range of $2.15 to $2.19.
- Second quarter 2024 revenue is expected to be in the range of $244.0 to $245.0 million.
- Second quarter 2024 non-GAAP net income per share is expected to be in the range of $0.42 to $0.44.
- The company signed its largest deal ever, a Fortune 50 financial services company.
Headwinds
- Full year 2024 GAAP net loss per share is expected to be in the range of $(0.44) to $(0.35).
- Second quarter 2024 GAAP net loss per share is expected to be in the range of $(0.28) to $(0.23).
- Guidance is subject to various important cautionary factors referenced in the section entitled 'Forward-Looking Statements'.
- Risks and uncertainties associated with the ongoing macroeconomic conditions.
- Impact of adverse economic conditions.
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 Q1 2024
+3.9%
Avg return
Earnings day
+3.8%
Avg return
5 days after
+5.1%
Avg return
30 days after
58%
28 / 48 earnings
Positive
+29.4%
Q2 2018
Best reaction
-24.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +29.2% | +27.3% | +41.6% | |
| Q4 2025 | +12.6% | +3.9% | -9.6% | |
| Q3 2025 | -7.9% | -2.6% | -4.1% | |
| Q1 2025 | -1.3% | +0.4% | +5.7% | |
| Q4 2024 | +1.0% | -9.0% | -27.7% | |
| Q3 2024 | +17.0% | +24.7% | +34.9% | |
| Q2 2024 | -24.4% | -22.9% | -30.7% | |
| Q1 2024 | -0.6% | -3.1% | -19.7% | |
| Q4 2023 | -13.6% | -11.0% | -14.6% | |
| Q3 2023 | +13.7% | +16.6% | +42.9% | |
| Q2 2023 | -13.2% | -12.4% | -10.0% | |
| Q1 2023 | -1.8% | -3.1% | +24.2% | |
| Q4 2022 | -6.4% | -13.5% | -20.2% | |
| Q3 2022 | +8.9% | +27.8% | +29.9% | |
| Q2 2022 | +13.4% | +17.8% | +5.2% | |
| Q1 2022 | +9.1% | +13.4% | +1.1% | |
| Q4 2021 | -6.3% | -3.8% | -7.0% | |
| Q3 2021 | +12.4% | +8.6% | -4.0% | |
| Q2 2021 | -0.7% | +1.5% | -7.9% | |
| Q1 2021 | +4.7% | -4.0% | -1.3% | |
| Q4 2020 | -6.5% | -2.7% | -16.8% | |
| Q3 2020 | +5.8% | +4.0% | +5.4% | |
| Q2 2020 | +7.0% | +2.0% | +5.2% | |
| Q1 2020 | +4.6% | +13.8% | +9.8% | |
| Q4 2019 | -2.4% | -6.0% | -18.7% | |
| Q3 2019 | +8.8% | +9.4% | +20.4% | |
| Q2 2019 | +16.6% | +12.4% | +28.0% | |
| Q1 2019 | -7.3% | -3.9% | -3.2% | |
| Q4 2018 | -5.1% | -2.3% | +4.1% | |
| Q3 2018 | +15.5% | +12.2% | +9.1% | |
| Q2 2018 | +29.4% | +26.5% | +40.4% | |
| Q1 2018 | +10.5% | +7.6% | +18.8% | |
| Q4 2017 | +13.3% | +11.4% | +13.1% | |
| Q3 2017 | +1.1% | -0.7% | -8.1% | |
| Q2 2017 | -1.3% | -2.0% | -1.2% | |
| Q1 2017 | +10.2% | +8.1% | +28.1% | |
| Q4 2016 | -1.3% | -1.9% | +7.3% | |
| Q3 2016 | -2.9% | -4.3% | +4.8% | |
| Q2 2016 | +1.2% | +7.5% | +25.5% | |
| Q1 2016 | +3.5% | — | — | |
| Q4 2015 | +3.7% | — | — | |
| Q3 2015 | +25.3% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | +19.5% | — | — | |
| Q2 2014 | -9.0% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q2 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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