Backblaze Provides Q4 Revenue Guidance and Targets 32%-34% Adjusted EBITDA Margin
Backblaze (BLZE) reported a strong third quarter, driven by its strategic positioning as a high-performance capacity storage layer for artificial intelligence workloads. The company's management highlighted successful execution of their growth strategy during the recent earnings period. Looking ahead to the fourth quarter, Backblaze issued revenue guidance in the range of $49.8 million to $50.2 million. Additionally, the company is targeting an adjusted EBITDA margin between 32% and 34%, signaling a focus on operational efficiency and profitability alongside its expansion into AI-related storage services.
Tickers: $BLZE
Topics: AI storage earnings revenue
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