Couchbase reports Q3 adjusted EPS (5c), consensus (8c)

Reports Q3 revenue $51.6M, consensus $50.77M. Subscription revenue for the quarter was $49.3M, an increase of 12% year-over-year. “I’m pleased with the continued operational progress of the entire Couchbase (BASE) team,” said Matt Cain, Chair, President and CEO of Couchbase. “We delivered top- and bottom-line results that exceeded our outlook, and we achieved another significant milestone with Capella, which now represents 15.1% of our ARR and one third of our customer base. I remain highly confident in our outlook and ability to achieve our objectives in fiscal 2025.”