Ooma Reports Strong Q2 Earnings with Revenue Growth Driven by Business Expansion
Ooma (OOMA) reported second-quarter revenue of $83.2 million, a 25% year-over-year increase driven primarily by business customer expansion and recent acquisitions. The company's subscription services revenue rose 38%, while AirDial services saw a significant 75% growth due to increased demand for traditional phone line replacements. Ooma also reported non-GAAP net income of $10.2 million, or $0.35 per diluted share—a 58% increase year-over-year—and adjusted EBITDA of $12.4 million, representing a substantial improvement in profitability compared to six quarters ago. The company added two new resale partners for AirDial installations and launched the MyPhone product, which helped reverse declining residential user trends. Despite these gains, Ooma faced some headwinds including 4,000 business users lost from IWG and rising hardware costs affecting margins in its residential segment.
Tickers: $OOMA
Topics: airdial services business growth revenue user base expansion