Monday.com (ticker: $MNDY) reported a strong performance in its fourth quarter of 2024, with revenue reaching $267.98 million, a year-over-year increase of 32%, surpassing analysts' expectations of $261.37 million. The company's earnings per share (EPS) stood at $1.08, exceeding the forecast of $0.79, marking a 66.15% increase year-over-year. The results led to a notable rise in the company's stock price, which surged by approximately 31% following the announcement. Additionally, Monday.com reported a record 3,201 paid customers with annual recurring revenue (ARR) exceeding $50,000, reflecting a 39% year-over-year growth. The company also highlighted its focus on artificial intelligence, planning to enhance its offerings with AI Blocks and a new Digital Workforce of AI Agents. Looking ahead, Monday.com anticipates first quarter revenue of at least $274 million, representing a 26% year-over-year growth.