Bandwidth: Strong Q4 Revenue Growth
Election-related revenue helped Bandwidth achieve record Q4 revenue but narrowly missed earnings per share targets.
Cloud communications specialist Bandwidth (NASDAQ:BAND) reported mixed fourth-quarter financial results on Thursday, Feb. 20. A key highlight was generating record revenue of $210 million, up 27% year over year and exceeding analyst consensus estimates of $203 million. However, its adjusted EPS of $0.37 lagged slightly behind estimates of $0.39.
Overall, the quarter demonstrated robust revenue growth supported by strong enterprise adoption, despite the EPS shortfall.
Source: Bandwidth. Note: Analyst consensus estimates provided by FactSet. YOY = Year over year. pps = percentage points. EBITDA = Earnings before interest, taxes, depreciation, and amortization.
