BlackBerry Limited reported its third-quarter fiscal year 2025 results, exceeding market expectations with a non-GAAP earnings per share (EPS) of $0.02, surpassing the consensus estimate of $0.00. The company generated revenue of $162 million and achieved a net income of $12 million. Additionally, BlackBerry reported positive adjusted EBITDA and free cash flow ahead of schedule. Following the announcement, TD Cowen upgraded BlackBerry's stock to 'Buy', and shares surged over 20% in response to the earnings beat. The strong performance comes as the company prepares for the sale of its AI cybersecurity platform.