All articles tagged with #customer growth
Chewy's stock fell 8% in premarket trading despite beating earnings and sales expectations, and showing growth in active customers, driven by a resilient pet market. The company maintained its sales guidance for 2025, and its shares have surged 37% this year, though recent gains have raised caution among analysts.
Verizon reported strong financial results for the fourth quarter and full-year 2023, with increased wireless service revenue, strong cash flow, and growth in wireless customers. The company saw a spike in total wireless postpaid net additions and fixed wireless net additions, as well as an increase in wireless service revenue. Despite a consolidated net loss for the fourth quarter, Verizon's full-year cash flow from operations and free cash flow increased from 2022. The company also provided an outlook for 2024, expecting growth in wireless service revenue, adjusted EBITDA, and adjusted EPS.
GitLab Inc reported a 32% year-over-year increase in quarterly revenue, reaching $149.7 million. The company achieved a non-GAAP net income per share of $0.09 and saw strong customer growth, with a 26% increase in customers contributing more than $5,000 in ARR and a 37% increase in customers with more than $100,000 in ARR. GitLab Inc expects revenue for the fourth quarter and fiscal year 2024 to be between $157.0 million to $158.0 million and $573.0 million to $574.0 million, respectively. The company continues to focus on expanding its customer base and enhancing its DevSecOps platform.