NASDAQ$FIVN
Five9 Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a record revenue growth of 32% and a 41% growth in LTM enterprise subscription revenue.
Five9 reported strong second quarter results with revenue growing 32% year-over-year to a record $189.4 million. The growth continues to be driven primarily by the strength of their Enterprise business where LTM subscription revenue grew 41% year-over-year.
- Revenue for the second quarter of 2022 increased 32% to a record $189.4 million, compared to $143.8 million for the second quarter of 2021.
- GAAP gross margin was 53.4% for the second quarter of 2022, compared to 55.2% for the second quarter of 2021.
- Non-GAAP net income for the second quarter of 2022 was $24.3 million, or $0.34 per diluted share, compared to non-GAAP net income of $16.0 million, or $0.23 per diluted share, for the second quarter of 2021.
- Adjusted EBITDA for the second quarter of 2022 was $33.1 million, or 17.5% of revenue, compared to $24.0 million, or 16.7% of revenue, for the second quarter of 2021.
Headline financials
Revenue & EPS history
Five9 · Revenue · Quarterly
$189M
Forward guidance
Five9 provides guidance based on current market conditions and expectations. For the third quarter of 2022, Five9 expects to report revenue in the range of $192.5 to $193.5 million and non-GAAP net income per share in the range of $0.31 to $0.33, assuming diluted shares outstanding of approximately 73.0 million. For the full year 2022, Five9 expects to report revenue in the range of $780.5 to $782.5 million and non-GAAP net income per share in the range of $1.38 to $1.40, assuming diluted shares outstanding of approximately 72.8 million.
Tailwinds
- Revenue in the range of $192.5 to $193.5 million for Q3 2022.
- Non-GAAP net income per share in the range of $0.31 to $0.33 for Q3 2022, assuming diluted shares outstanding of approximately 73.0 million.
- Revenue in the range of $780.5 to $782.5 million for the full year 2022.
- Non-GAAP net income per share in the range of $1.38 to $1.40 for the full year 2022, assuming diluted shares outstanding of approximately 72.8 million.
- Company remains confident in delivering durable and profitable growth.
Headwinds
- Guidance is subject to various important cautionary factors referenced in the section entitled "Forward-Looking Statements".
- Risks and uncertainties associated with the global macroeconomic environment, including the impact of the Russia-Ukraine conflict and the COVID-19 pandemic.
- Quarterly and annual results may fluctuate significantly, including as a result of the timing and success of new product and feature introductions.
- Adverse economic conditions may harm the business, including the current global economic downturn.
- Failure to adequately retain and expand the sales force will impede growth.
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 Q2 2022
+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 | — | — | — |
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