NYSE$BB
BlackBerry Limited · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
BlackBerry reported a solid finish to the fiscal year, with year-over-year revenue growth in both IoT and Cybersecurity divisions, and sequential improvements in operating cash usage.
BlackBerry's IoT division achieved a record revenue quarter, and the Cybersecurity division stabilized ARR with sequential growth. The company is progressing towards profitability, with operating cash usage more than halved sequentially.
- IoT division reported a record revenue quarter and QNX royalty backlog of $815 million.
- Cybersecurity division stabilized ARR, with sequential growth and DBNRR improvement.
- Operating cash usage significantly improved sequentially, with expectations to be cashflow and adjusted EBITDA positive for FY25.
- Non-GAAP earnings per share beat expectations.
Headline financials
Revenue & EPS history
BlackBerry · Revenue · Quarterly
$173M
Revenue by segment
BlackBerry · $153M total across 3 segments · Q1 2027
- Secure Communications$73.6M—48.1%
- QNX$72.3M—47.3%
- Licensing$7M—4.6%
Forward guidance
BlackBerry is providing the following guidance for the first quarter (ending May 31, 2024) and the full fiscal year 2025 (ending February 28, 2025).
Tailwinds
- Total BlackBerry revenue: $130 - $138 million
- IoT revenue: $48 - $52 million
- Cyber revenue: $78 - $82 million
- Licensing & Other revenue: Approximately $4 million
- Adjusted EBITDA: ($15) - ($25) million
Headwinds
- Total BlackBerry revenue: $586 - $616 million
- IoT revenue: $220 - $235 million
- Cyber revenue: $350 - $365 million
- Licensing & Other revenue: Approximately $16 million
- Non-GAAP basic EPS: ($0.03) - ($0.07)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.6%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+1.2%
Avg return
30 days after
49%
33 / 67 earnings
Positive
+22.6%
Q3 2025
Best reaction
-28.9%
Q1 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +3.7% | +12.5% | +80.5% | |
| Q3 2026 | -14.0% | -7.9% | -10.4% | |
| Q2 2026 | +8.2% | +14.3% | +11.9% | |
| Q1 2026 | -0.7% | -4.7% | -10.1% | |
| Q4 2025 | -9.1% | -20.6% | -6.4% | |
| Q3 2025 | +22.6% | +31.6% | +32.6% | |
| Q2 2025 | +5.4% | +1.7% | +0.0% | |
| Q1 2025 | +9.4% | +8.0% | +10.7% | |
| Q4 2024 | +2.9% | +2.9% | +4.6% | |
| Q3 2024 | -15.0% | -15.2% | -18.5% | |
| Q2 2024 | -3.7% | -11.0% | -30.3% | |
| Q1 2024 | +6.1% | +3.8% | -5.9% | |
| Q4 2023 | +14.6% | +16.6% | -1.8% | |
| Q3 2023 | -8.8% | -17.3% | +0.2% | |
| Q2 2023 | +0.4% | -5.4% | -8.9% | |
| Q1 2023 | +8.1% | +7.9% | +11.5% | |
| Q4 2022 | -11.1% | -6.3% | -24.6% | |
| Q3 2022 | +6.0% | +6.8% | +0.1% | |
| Q2 2022 | +13.1% | +8.2% | +16.5% | |
| Q1 2022 | -7.8% | -6.8% | -22.5% | |
| Q4 2021 | -8.4% | -6.5% | -1.5% | |
| Q3 2021 | -15.7% | -12.7% | +19.4% | |
| Q2 2021 | -0.6% | -3.5% | +6.7% | |
| Q1 2021 | -4.9% | -5.9% | -8.8% | |
| Q4 2020 | -14.1% | -17.6% | +9.5% | |
| Q3 2020 | +11.4% | +9.5% | +15.8% | |
| Q2 2020 | -25.8% | -30.0% | -31.2% | |
| Q1 2020 | -11.0% | -9.8% | -11.1% | |
| Q4 2019 | +8.3% | +7.9% | +3.5% | |
| Q3 2019 | -6.0% | -7.9% | +6.9% | |
| Q2 2019 | +6.3% | +3.6% | -12.1% | |
| Q1 2019 | -14.4% | -17.1% | -12.1% | |
| Q4 2018 | -7.3% | -13.5% | -15.7% | |
| Q3 2018 | +8.6% | +6.7% | +22.4% | |
| Q2 2018 | +21.1% | +20.5% | +15.8% | |
| Q1 2018 | -7.1% | -7.5% | -9.2% | |
| Q4 2017 | +12.2% | +14.0% | +34.4% | |
| Q3 2017 | -5.3% | -8.9% | -7.9% | |
| Q2 2017 | +0.8% | -0.4% | -10.0% | |
| Q1 2017 | -1.0% | -3.9% | +2.1% | |
| Q4 2016 | -10.0% | — | — | |
| Q3 2016 | +11.8% | — | — | |
| Q2 2016 | -10.4% | — | — | |
| Q1 2016 | -4.0% | — | — | |
| Q4 2015 | -5.4% | — | — | |
| Q2 2015 | +4.4% | — | — | |
| Q3 2015 | +6.1% | — | — | |
| Q1 2015 | +18.3% | — | — | |
| Q4 2014 | -10.7% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q3 2014 | +19.5% | — | — | |
| Q1 2014 | -28.9% | — | — | |
| Q4 2013 | +3.7% | — | — | |
| Q3 2013 | -24.9% | — | — | |
| Q2 2013 | +10.1% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +2.1% | — | — | |
| Q3 2012 | +6.9% | — | — | |
| Q2 2012 | -5.0% | — | — | |
| Q1 2012 | +2.9% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | -2.9% | — | — | |
| Q1 2011 | -9.6% | — | — | |
| Q4 2008 | +3.4% | — | — | |
| Q4 2009 | +3.4% | — | — | |
| Q4 2010 | +3.4% | — | — |
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