Bandwidth raises FY24 revenue view to $737M-$747M from $710M-$720M

Consensus $716.22M. Raises FY24 adjusted EBITDA view to $78M-$80M from $72M-$76M. “Bandwidth (BAND) delivered a record third quarter, with growth across all our products and customer categories. Total revenue reached $194 million, marking a 28 percent increase, and Adjusted EBITDA grew to $24 million, representing a 74 percent increase year-over-year. Both metrics surpassed the upper range of our guidance, leading us to raise our full-year outlook on both the top and bottom lines” said Daryl Raiford, Bandwidth’s CFO. “Our priorities remain consistent: to serve and delight our customers, execute with precision and stay committed to long-term, profitable growth.”