FMP
Aug 30, 2024 2:18 PM - Davit Kirakosyan
Image credit: FMP
MongoDB (NASDAQ:MDB) shares surged over 17% pre-market today after the company delivered strong second-quarter 2025 results, surpassing expectations and boosting its full-year guidance.
The database software provider reported adjusted earnings per share of $0.70, well above the $0.49 anticipated by analysts. Revenue for the quarter reached $478.1 million, exceeding the Street estimate of $464.94 million and marking a 13% year-over-year increase.
MongoDB's growth was largely driven by its cloud database platform, Atlas, which saw a 27% year-over-year revenue jump, contributing to 71% of the total revenue for the quarter. The company also reported robust customer growth, surpassing 50,700 customers as of July 31, 2024.
Looking forward, MongoDB raised its full-year 2025 guidance, now expecting EPS of $2.33 to $2.47. Full-year revenue is projected to be between $1.92 billion and $1.93 billion, above the prior estimate of $1.9 billion.
For the third quarter, MongoDB forecasts EPS of $0.65 to $0.68 and revenue of $493 million to $497 million, both ahead of Street expectations.
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