Growth in Thinkific Plus and Self Serve
Thinkific Plus revenue growth accelerated to 32% with record new customer bookings. Self Serve revenue grew by 10% year-over-year.
Increase in Thinkific Commerce Adoption
Commerce revenue was up 88% from the prior year, with GMV penetration increasing to 47% from 40% in the prior quarter.
Improved ARPU and Revenue
ARPU increased by 13% to $165 per month, and Q3 2024 revenue was $17.2 million, up 15% from the prior year.
Positive EBITDA and Cash Flow
Adjusted EBITDA was $930,000, with positive cash flow from operations of $2.5 million.
Strategic Investments and Board Additions
The company completed a headcount increase in the Plus sales team and added new members to the board of directors.