Canada's Docebo Q3 revenue beats estimates on subscription growth
DCBO•Docebo's Q3 revenue rose 14% year over year to $70.3 million, slightly above the $69.68 million estimate, while adjusted EPS increased to $0.56 from $0.34. The company forecast Q4 revenue of $71.9 million to $72.1 million.
1. Quarterly results
Docebo reported Q3 revenue of $70.3 million, up 14% year over year and slightly above the $69.68 million analyst estimate. Adjusted EPS rose to $0.56 from $0.34 a year earlier; adjusted EBITDA was $16.7 million.
2. Q4 outlook
The company expects Q4 subscription revenue of $66.5 million to $66.7 million and total revenue of $71.9 million to $72.1 million. It forecasts adjusted EBITDA of $16.9 million to $17.1 million.
3. Growth drivers
Docebo said higher subscription revenue drove Q3 growth, partly offset by currency effects. It also cited new enterprise customer wins, expanded agreements, and its multi-product platform and AI capabilities.
