Backblaze Reports Q3 Revenue Beat and Narrower-than-Expected GAAP Losses
Backblaze (NASDAQ: BLZE) reported third-quarter financial results that exceeded analyst expectations for both earnings and revenue. The company posted a GAAP EPS of -$0.04, outperforming estimates by $0.04, while total revenue reached $46.65 million, representing a 25.4% increase year-over-year and beating consensus by $2.06 million. The results highlight a significant divergence in the company's business segments. B2 Cloud Storage saw robust growth, with revenue climbing 47% year-over-year to $30.5 million. Conversely, the Computer Backup segment experienced a slight decline, with revenue falling 2% year-over-year to $16.2 million.
Tickers: $BLZE
Topics: cloud storage computer backup earnings beat revenue growth
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Part of the story Backblaze Reports Q3 Revenue Beat and Narrower-than-Expected GAAP Losses (3 articles)