Docebo, Inc. ( (DCBO) ) has released its Q4 earnings. Here is a breakdown of the information Docebo, Inc. presented to its investors.
Docebo Inc., a prominent provider of AI-driven learning platforms, specializes in delivering innovative solutions for enterprise training and content management across various sectors. The company recently announced its financial results for the fourth quarter and fiscal year 2024, showcasing strong revenue growth and profitability. Docebo’s Q4 2024 results exceeded expectations with a total revenue of $57 million, marking a 16% increase from the previous year. The company’s net income surged to $11.9 million, a significant rise from $3.2 million in the prior year, while the adjusted EBITDA improved to $9.5 million, representing 16.7% of total revenue. For the fiscal year 2024, Docebo reported a total revenue of $216.9 million, a 20% increase year-over-year, with a net income of $26.7 million, up from $2.8 million in 2023. The company’s subscription revenue, which constitutes the majority of its income, grew by 20% to $204.3 million. Additionally, Docebo expanded its customer base to 3,978, with notable new clients such as YMCA of the USA and Xponential Fitness. Looking ahead, Docebo anticipates continued growth in 2025, with projected subscription revenue growth between 11.5% and 14.0%, and an adjusted EBITDA margin of 18.0% to 19.0%, despite potential currency exchange impacts.