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Braze Shares Up 17% on Strong Q3 Results

Braze, Inc. (NASDAQ:BRZE) shares closed more than 17% higher on Tuesday, following the company’s reported Q3 results, with quarterly revenue coming in at $64.0 million (up 63% year-over-year), beating the consensus estimate of $56.4 million.

The business momentum accelerated as the company delivered fast SaaS organic growth and strong results that are anchored by 70% billings growth. The company expects Q4 revenue of $65–66 million, representing a 51%-54% year-over-year growth, and coming above the consensus estimate of $61.3 million.