Monday.com Shares Plunge After Q1 Revenue Guidance Misses Estimates Despite Q4 Beat
Monday.com shares plunged after the software maker’s fourth-quarter earnings beat forecasts but its first-quarter revenue guidance fell short of analyst estimates. The company cited slower-than-expected net new customer growth in its guidance, prompting a sharp stock sell-off.
1. Q4 Earnings Outperform
Monday.com reported fourth-quarter results with adjusted earnings exceeding consensus expectations, supported by strong subscription revenue growth from existing customers.
2. Q1 Guidance Below Forecast
The company issued first-quarter revenue guidance that fell below analyst projections, citing slower net new customer additions and softer demand in key markets.
3. Stock Reaction
Shares tumbled in extended trading as investors reacted to the guidance shortfall, reversing gains from the earnings beat and raising concerns about near-term growth.