$BRZE (-3.9% pre) Braze, Inc. Reports Earnings Results for the Second Quarter https://t.co/eOR8Mww7iW
$BRZE Goldman Braze reported a solid 2QFY (July) with revenue 3% above the Street and operating margin ~800bps above (FactSet). Revenue grew 26% yoy, a 4pt organic deceleration vs. 1QFY. Billings were +16% yoy vs. the Street at +26%, total RPO was +32% yoy vs. +38% in 1QFY, and…
$BRZE best both top and bottom line estimates. Stock moved up 3% after hours https://t.co/9c0fdOFvL0

Braze, Inc. ($BRZE) reported its earnings for the second quarter of the fiscal year ended January 31, 2024. The company achieved revenue of $145.5 million, up 26.4% year-over-year, driven by new customers, upsells, and renewals. Despite a GAAP net loss per share, Braze exceeded analysts' estimates, which were $141.28 million in revenue and -$0.03 in earnings per share. The stock moved up 3% after hours following the earnings report. For the third quarter of fiscal 2025, Braze expects revenue to be in the range of $147.5 million to $148.5 million, representing a year-over-year growth rate of approximately 19%. The company also reported an operating margin approximately 800 basis points above FactSet estimates, billings growth of 16% year-over-year, and total RPO growth of 32% year-over-year. Goldman noted Braze's solid performance, although the stock was down 3.9% pre-market.
